FX Archive

Rookie Currency Traders Are Causing Trouble

Posted March 23, 2017 By APTA.org.au

It’s been something of a common lament among Wall Street veterans for a while now. And it goes, more or less, like this: All these darn twenty-something-year-olds around here have no idea what they’re doing.

Perhaps it’s just the typical grousing of community elders, but last week, the Bank for International Settlements said there may be something to the notion.

Tucked deep into a report on foreign-exchange market liquidity was a brief paragraph on how rookie traders could be partly to blame — along with falling volumes and the growing prevalence of electronic trading — for the flash crashes that have roiled the $5.1-trillion-a-day currency market over the past two years.

One case the BIS found particularly worrisome was the time last October that the pound plunged 9 percent in a matter of minutes during early trading hours in Asia. The organization concluded that “less experienced” traders handicapped by a limited knowledge of which algorithms to use at that moment “amplified” the rout.

For Keith Underwood, the report just confirmed what he’s known for a long time.

“If there’s a shortage of senior people, there’s a shortage of knowledge,” said Underwood, who runs his own foreign-exchange consulting firm after a 25-year trading career that included stints at Lloyds Banking Group Plc and Standard Chartered Plc. In his trading days, he said he was leery of handing off positions to junior staff in other regions overnight. “I’ve certainly adjusted my orders, and I’ve also adjusted my sleep.”

Younger, lower-paid employees make up a greater percentage of trading desks today than they have in years.

Part of banks’ broader effort to cut staff, boost electronic trading and lower costs following the global crisis, the “juniorization of Wall Street,” as some call it, has been especially acute in the foreign-exchange market. The world’s 12 largest global banks cut front-office staff by about 25 percent in Group-of-10 currency markets over the past four years, according to Coalition Development Ltd.

That’s coincided with a shift to automation, which slashed staffing needs and spawned a new, and small, generation of quantitative traders whose decisions are driven by mathematical models. For every managing director with about 10 years or more on the job, there are as many as seven less-experienced staffers on currency desks, Coalition said. The ratio was one-to-four just five years ago.

“The old hands who have seen crazy things happen, they’re gone,” said Michael Melvin, a professor at the Rady School of Management at the University of California San Diego and a former managing director at BlackRock Inc.

‘World Is Ending’

BIS’s write-up on the effects of juniorization, which stemmed from discussions with market participants, echoed conclusions put forth in an earlier study that BIS staffers did in tandem with the Bank of England.

Franz Gutwenger, a recruiter in New York, estimates that about 75 percent of recent job openings at banks’ currency desks were for candidates with three to five years of experience. The advertised roles are mainly for assistant vice presidents with base salaries of up to $150,000 a year, or vice presidents who earn about $200,000 a year. That kind of pay is a fraction of the salaries that top traders can make.

Having so many inexperienced people manning a trading desk is risky, Gutwenger said, and senior staff should be on hand in critical situations. Melvin said that many young traders can panic and think “the world is ending” when suddenly exposed to a market crisis.

Read Next: Currency Traders Race to Reform ‘Last Look’ After Bank Scandals

“For many of the jobs, day-to-day, it’s all good, there’s no issue,” he said. “But when extraordinary events happen, it really is useful to have some seasoned old hands around.”

CFTC Weekly Positions Report: Safe Haven with a twist

Posted July 20, 2016 By APTA.org.au

http://www.fxstreet.com/analysis/cftc-weekly-positions-report-safe-haven-with-a-twist-201607111352

Latest CFTC positions data, published on Friday, reveals moderate defensive positioning by leveraged type account (speculative investors), with the usual Safe Haven suspects (Precious Metals, US Treasury Bonds, Yen and VIX) gain ground in term of long speculative positions. Having said that, two assets stand out, the Mexican Peso and the Canadian Dollar. Both were bought by leveraged investors, despite a clear risk off sentiment in other assets.

FX

Last week change in positioning saw a moderate USD buying against EUR and GBP (with the EUR net short positions moving further).

GBP net short position moved further, nearing 5-years high (meaning that the leveraged community is the shortest it has been).

USD net speculative position was little changed, while Yen net speculative position turned more positive, nearing 2008 highs.

Commodities Currencies (AUD, NZD, and CAD) moved slightly more positive in positioning term.

The odd man out this week is the MXN, which added 425,000 contracts compared to last week. This stands out as strange, as the general sentiment seems to be risk-off, which should push MXN positioning lower (i.e., usually in risk-off mode investors fleet from Emerging Markets into Safe Haven assets). The only plausible explanation could be the surprise rate hike by Banxico on Tuesday (0.5%, while the market expected unchanged rate). Given that the data represents the positioning change for the week ended on Tuesday End-of-Day, this could explain the move.

Commodities

Last week change in positioning saw a continuation of the move into Precious Metals (with net speculative long position at extreme levels).  Crude Oil saw some recovery in position term.

Gold/Silver continue to exhibit strong buying by leveraged type accounts, moving net long positions further up. Both are at all-time high in positioning term, which supports the logic that the market expects a very loose monetary policy by central banks going forward, on the back of Brexit uncertainty. Furthermore, looking at Bloomberg “Total Known Gold/Silver ETF Holdings” which tries to capture to total amount of physical quantity of Gold/Silver held by ETFs, reveals that investors (mostly household investors) continue to pile up, and adding long positions.

Rates

Last week change in positioning continues to point toward US Treasury Bond buying by the leveraged community. This, the same as in precious metals, indicates that the general belief by the speculative investors that monetary policy is likely to remain accommodative for a very long time.

Position in 2-year note gained slightly more than the 10-years note, which sits with the view that the short term rate is unlikely to move further. Both positions are nearing an extreme level, which is widely reflected by the yield levels of the US Treasury notes (10-years note yield hovering around all-time low)

Equities

 Positions in US equities declined slightly last week, while positions in VIX increased.

S&P500 positions declined slightly, yet the leveraged community is still net long equities

Nasdaq100 positions declined more than the S&P500, after a steep declined following the equity sell-off on the back of the Brexit vote.

VIX positioning continues to grind higher, recovering from 3-years low. It seems like protection is a valuable commodity nowadays, and despite equities swings, protection is relatively cheap (VIX trading at 1-year low).

 

FX Scoreboard

Our G10 Scoreboard shows USD as the biggest winner overall (trading the strongest against its G10 peers), followed by the NZD and the EUR.

The weakest among G10 currencies are the GBP, the CAD, and the SEK.

Few interesting pairs to look at (as they seem to diverge to some extent are the AUDNZD and the NOKSEK). These currencies tend to be highly correlated on average, however they seem to be diverging according to the FX Scoreboard.

Lastly, oil-correlated currencies (CAD and NOK) seem to be ranked quite distant apart. This raises question regarding how far they can diverge, as their correlation to oil on average is strong.

Equity Rebound Extension – Bruno Estier

Posted April 26, 2016 By APTA.org.au

Click here to view on YouTube.

As all the equity markets rise, is this good news for global markets? Bruno Estier, Independent Market Strategist

You can view this video and the full video archive on the Dukascopy TV page: http://www.dukascopy.com/tv/en/#182255

Transcript

00
so we really have to give the boys a benefit of the doubt to rebound so how
0:13
things turned out well let’s look at this weekly chart of the USD index and
0:19
as we see we were mentioning that we were two weeks ago at the bottom of the
0:23
range the range which was between 94 and one hundred and we’ve oversold so there
0:29
was some expectation that probably the market will use the right next to a
0:33
rebound and that’s exactly what is happening right now we have a nice
0:38
weekly bullish engulfing pattern which is signaling that probably the downside
0:43
is over and I dot in a direction so that’s at least part of the scenario
0:49
which is working well and can you tell us what happened on the commodity side
0:54
well on the comedy side that’s a little bit of an issue because instead of we
1:02
are rising USR indexes of posing commodities we had no pose and we are
1:07
making new highs basically on oil moving back above the forty one levels and
1:13
testing for a second time the upper Bollinger Bands it’s possible that might
1:21
not go through it right now because the momentum is here
1:25
slowing down that means that there is a bearish divergence such suggests more of
1:29
a training range between 14 shooting and certified it’s probably what we should
1:35
expect for the coming weeks and you mentioned your eyes I see emerging
1:39
markets also writing well along in the commodities they did so if we take for
1:47
example China here we see that we have reached new highs and touching the
1:53
moving average of 40 weeks which is relatively important and here we don’t
1:59
have too much of a bearish divergence and still momentum moving up so it’s
2:05
possible that it extend to the opera in Japan
2:08
mins or so if we go and see what happened to Brazil which was
2:13
outperformer relative strength is also rising like for china against the S&P
2:18
500 and against the emerging market so despite all the political news this
2:23
market which was very oversold is rebounding and continuing struggles and
2:29
despite some sort of these divergences and that’s really interesting and Japan
2:33
and Europe they also rebounded yes everything seems to Ramona let’s start
2:38
with the Nikkei we were five hundred it was racially neutral on the oscillators
2:47
and we said well maybe we should find support a bit lower but no the support
2:51
was found her right away and its rebound to the top of the training wage so now
2:56
around 16,800 not far from the 17,000 marked 200 300 this is still going on
3:05
with stochastics crossing up and also the realities tank we were expecting
3:10
that to rebound but we were surprised by the rebound also know me by the nikkei
3:15
happened in Europe always the same thing looks like the rebounds and the greatest
3:22
strengths move up here is expected that allow the rebound from the 26 2860 level
3:30
kind of a support long-term supporter nine green here it will all the way back
3:36
to the former resistant strain support when I which was broken and the former
3:40
4128 resistance levels or we are now at the resistance level but momentum can
3:47
still arise and until there is a reversal it could go on for a little
3:51
while and this is good news because all the equity markets are now rising yes
3:56
what do we do with the S&P right on a weekly basis it’s also made a new high
4:04
broader resistance trendline it allows along the momentum on a weekly basis is
4:12
now rising on the positive side and has some strong
4:16
movement here we have a safe flight but that means that around 2100 we are close
4:25
to these 2116 former or agencies and it’s not nothing is really telling us it
4:33
could not go on to the next one which is 2144 there is no really
4:38
reversals like so maybe we can look at it on a daily basis and what we see here
4:46
we see no sign
4:47
what we have we had a small consolation in the way just after our presentation
4:52
as we expected but it fails to break to support around 2000 and I need to make a
4:59
new high usually when you have a kind of a rectangle here and a new high that
5:05
means that the movement which started the 1810 could be over but you don’t
5:09
know if it will extend or not what we just noticed is that the VIX index which
5:14
was already on April 4 percent is again at 15% so it’s very low levels it’s very
5:21
close to completion level but we have no sign of reversal if we look at intraday
5:26
what happened yesterday here we can notice that we are a small higher 2104
5:32
we’ve been a kind of a possible kind of rising wage so it’s coming out of the
5:38
conciliation we mentioned just before making new highs and here it has not
5:43
taken the 2004 but really until we are breaking the 2018 2019 levels if it
5:52
doesn’t happen then the market could continue extending image further 22150
5:58
so we really have to give the Bulls benefit of the doubt
6:02
daily chart also you see when we go on the daily charts right there is no
6:12
strong resistance until this this one at 21:44 which is back in charge above that
6:19
so 2104 is just right away it’s just a day
6:25
day can be touched up to today but there is no momentum reversal right right now
6:31
on the daily charts we have to meet here you’re still be back in two weeks time
6:43
before the latest update keep coming back to discovery TV

FXStreet announces the winners of the Forex Best Awards 2016

Posted February 10, 2016 By APTA.org.au

With its annual Forex Best Awards, FXStreet rewards the best analysts and educators of the Forex market.

Barcelona — FXStreet, the leading Forex information website, is excited to announce the winners of the sixth edition of its Forex Best Awards that rewards the best analysis, educational content and contributors on its website.

  • Best Analysis: “Elliott Wave Corner” by Gregor Horvat, EW-Forecast
  • Best Sell-Side Analysis Contributor: ForexTime (FXTM)
  • Best Buy-Side Analysis Contributor: Forex Crunch
  • Best Educational Report: “Lessons from the Pros – Forex” by Sam Evans and Rick Wright, Online Trading Academy
  • Best Video/Podcast: “Forex Forecast 2016: What will 2016 bring to the Forex traders?” with Valeria Bednarik, Adam Button, Ashraf Laidi and Boris Schlossberg
  • Best Speaker: Wayne McDonell, Chief FX Market Strategist at TradersWay
  • Best New Contributor: London Capital Group

The nominees, a total of over 40 different analysts, traders and authors, were selected by the FXStreet Content team for their quality and popularity on the website. The complete list of all nominees is available here: http://about.fxstreet.com/forex-best-awards-2016/

“Contributor are one of our main assets here at FXStreet. They help us provide the most varied and objective analysis and education so traders can make more informed decission,” said Carolina May, CEO of FXStreet. “These awards were created five years ago to recognize these analysts and experts’ effort to inform traders through FXStreet. We pride ourselves on the high quality of all the content they share with our audience and are grateful for the work they accomplished throughout the years.”

Winners were determined by popular votes and by a jury of professionals.

A survey was open to everyone on FXStreet for voting during one week, from February 21th to Friday 29th. Voters could choose only one nominee per category or skip the categories they did not want to answer. Only one vote per person was allowed and only complete surveys taken into account. A total of 2,859 valid votes were cast.

As every year, the members of the professional jury were FXStreet Experts and a selection of professionals from other companies, with different backgrounds. The jury for the Forex Best Awards 2016 was:

  • Valeria Bednarik – Chief Analyst at FXStreet
  • Gonçalo Moreira, CMT – Content Advisor at FXStreet
  • Alberto Muñoz, PhD – Forex Analyst at FXStreet
  • Dale Pinkert – Leader of FXStreet’s Live Analysis Room
  • Adam Rosen – ForexLive Managing Editor
  • Wayne McDonell– Chief FX Market Strategist at TradersWay
  • Yohay Elam – Founder of ForexCrunch
  • Giuseppe Basile – Founder of FibStalker Trading

Some of the jury members were nominated: they were not authorized to vote for the category they were nominated in to avoid conflict of interest.

FXStreet produced a video with the reactions of the winners: https://youtu.be/INwPUeb–Gk

Winners of previous editions can be found at http://about.fxstreet.com/forex-best-awards-2016/

Note

FXStreet was founded in January 2000. As its distinctive trademark, the website has always been proud of its unyielding commitment to provide objective and unbiased information and to enable its users to take better and more confident decisions. On the website, the real-time quotes, news, newsletters and interactive chats with experts from all over the world are among the most well-received contents. FXStreet has managed to gain the collaboration of the entire Forex industry,from professional individuals and small companies right up to Forex Brokers and Investment Banks. Besides the main website in English, the website is available in 16 other languages (Spanish, Simplified Chinese, Traditional Chinese, Russian, Arabic, Indonesian, Turkish, French, German, Japanese, Italian, Portuguese, Vietnamese, Hungarian, Korean and Catalan).

In 2014, all FXStreet sites reached more than 127 million pageviews. The English website garnered the most important part of the traffic with more than 90 million pageviews and over 6,5 million users.

FXStreet won  the “Best Educational Tool” Award for its Learning Center from Finance Magnates in 2014 and in 2015, TraderPlanet’s STAR Awards 2013 for its Economic Calendar and was short listed as “Best e-FX initiative of the year (vendor)” for the FX Week e-FX Awards 2010.

Connect with FXStreet:
Blog: http://about.fxstreet.com/blog/
Twitter: http://twitter.com/FXstreetUpdate
Facebook: http://www.facebook.com/FXstreet
Youtube Channel: http://www.youtube.com/fxstreetcom
LinkedIn: https://www.linkedin.com/company/fxstreet

Martin Armstrong is the Forex Person of the Year 2015

Posted December 23, 2015 By APTA.org.au

http://about.fxstreet.com/martin-armstrong-is-the-forex-person-of-the-year-2015/?utm_source=contributors&utm_medium=email&utm_content=blogpost&utm_campaign=FXperson2015

FX Person of the Year 2015The Forex Person of the year 2015 is economist and financial strategist Martin Armstrong.

Martin Armstrong, once a financial strategist and advisor to over one trillion dollars of asset, developed a computer model based on the number Pi and other cyclical theories to predict economic turning points with eerie accuracy. He is the person behind the “Princeton Economics International” think tank. He is known to have predicted the crash of 1987 to the very day.

The Economic Confidence Model is an economic cycle theory by Martin A. Armstrong. Armstrong proposes that economic waves occur every 8.6 years, or 3141 days, which approximately Pi X 1000. At the end of each cycle is a crisis after which the economic climate improves until the next 8.6 year crisis point. Armstrong’s theory was first applied in 1977, when he used it to successfully predict an upturn in the price of commodities.

He has been actively sharing his ideas and the results of his model for many years now. So why was 2015 “his” year according to FXStreet?

We might say that THE event of the year in the currency market was when, on January 15th, the Swiss National Bank suddenly and whitout previous notice depegged the Franc from the Euro. An event that had dramatic consequences for many traders and brokers. “No previous notice”? At least one person advised that this could happen. And not in private circles. In his public blog.

Martin ArmstrongJust as an example of the many mentions he made about the Swiss peg, in a post from May 2014 where he was talking about the British pound sterling collapse when the pound was withdrawn from the European Exchange Rate Mechanism in 1992, Armstrong wrote: “We will see the same crisis hit the Swiss franc peg to the euro. Devaluations take place BECAUSE currencies must be fluid. ”

Gonçalo Moreira, FXStreet’s Research Analyst, has been following Martin Armstrong’s blog for years: “Armstrong warned much in advance that the Swiss Franc-Euro peg would inevitably break. As a proof, I can demonstrate I had myself a position more than 1000 pips below 1.02, the price that was being quoted that morning of January 15th. Some people on Twitter (where I share my trades) even asked me why on earth I was holding such a position. If I hadn’t had that information from Armstrong, why would I have a position that far from the quote? Those who were following Armstrong and applying his recommendations certainly did not lose money that day. They probably made money.”

SNBday_Gon_Myfxbook

Our title of the Forex Person of the year is given to a person or a product that promotes transparency and helps the retail traders. Martin has been doing this for many years, sharing the predictions of his model and his analysis of the world economies, stock and currency markets and history of money. But little by little, he is becoming more famous and his knowledge is every day being more widely spread. And it’s been particularly the case this year.

In 2015, a movie about his life and experiences with the New York banking cartel was released, called The Forecaster, directed by Marcus Vetter and Karin Steinberger. This documentary has been selected and presented in 17 festivals around the world and reviewed in many news media.

Another anecdotal but meaningful proof that Armstrong’s theory (related to Pi) is being more broadly recognized and accepted is that it has recently been mentioned in the magazine of the prestigious and academical institution of the “Market Technicians Association”.

Armstrong in MTA magazine

During his tour to present “The Forecaster” documentary, Armstrong went to Barcelona, where FXStreet offices are located. We took the opportunity to interview him during almost an hour.

We listened him talking about gold standards, interest rates, what money really is, the Euro and European debt, Grexit, taxation, the Swiss peg, oil, stock markets, elimination of cash, and many more fundamental topics of today’s world economy. An insightful and very inspiring talk that has been seen by more than 12.000 people, another number that shows that Armstrong’s views and theory arouses people’s curiosity.

The Economic Confidence Model pointed that a new major cycle would start in October 2015, shifting investors’ confidence from the public sector and governments to the private sector. So this time, that will not be a crash in private assets as in 1998 and 2007. This time it will be a crisis related to government debts. The years to come should tell us if this trend unfolds and ends as the model forecasted.


FXStreet’s Forex Person of the Year is a title that pays tribute to a person or a team of people behind a product or service that positively contributed to make the Forex world better, more respected and more transparent during the previous year. The focus is innovation, transparency and quality. It exists since 2011.

2014: Adam Button from ForexLive
2013: Laith Marmarchi and Nicole Elliott from ForexTradingTV
2012: Andrey Pavlov and Ilya Holeu from Spotware Systems
2011: Michael Greenberg from ForexMagnates

From the FXstreet.com Women in Forex Series

http://about.fxstreet.com/women-in-forex-raghee-horner-balance-is-about-juggling-success-is-about-flow/

Raghee HornerRaghee Horner has been trading since she was 17, she’s now 43. Almost half her life.  We interviewed her in 2010 about her career and life. Today, as part of our “Women in Forex – 5 years later” series, we talked with her to know what she has been up to and if her views about her life have changed. “We as humans change very little”, she says. Raghee still trades and teaches, and still thinks that the markets don’t care about her gender. Her routine helps her in her day-to-day but she believes that “the idea of balance is a myth”.

“Trading Out Loud”

* In July 2010, you were running RagheeHorner.com and were Chief Currency Analyst at InterbankFX. Do you still have the same job?

I have taken my approach to trading forex, simplified and made it more effective in the process. I am teaching and sharing trades through SimplerForex.com now. My trading indicators, the 34EMA Wave and GRaB Candles, continue to grow in popularity and I am beyond pleased because I freely give this pair of tools away and the feedback has been tremendous. You get what you give in life. After InterbankFX joined TradeStation, I have been happy to conduct regular forex presentation for TradeStation which has been a huge honor.

* So you still trade and teach?

My life is still trading and understanding market psychology and then writing and teaching. That part of my life I have found feeds the need I have to empower people to succeed in a field they are told – all too often – that they are doomed to fail. I fight those odds every day at SimplerForex.com and with every article I write and every webinar I present. “Trading Out Loud” as I like to call it does have its up and downs but the relationships have been priceless and my own trading continues to exceed my expectations and find new levels of clarity. I’m a blessed and lucky girl.

The idea of balance is a myth

* You work from home… don’t you feel solitde is hard at times?

I think trading reflects how you live and who you are in life. I have been able to travel to visit with other traders and my business partners but frankly I like the quiet solitude of trading from home. And it’s never truly lonely since I spend the first two hours of the morning talking with other like-minded traders, sharing set ups, and teaching in my chat room.

* Do you still manage to find the right balance between private and professional life?

Working from home means I do what I want, when I want… and it’s this freedom that trading – specifically forex – gives me in terms of flexibility and opportunity to trade. My family and friends know the “routine” and since I am 25 years into this, most people know my schedule as it has been fairly consistent. I have learned that the idea of “balance” is a myth. I have succeeded because I committed and even obsessed about being great at trading. Balance is about juggling… success is about flow. I prefer living in flow and success so balance is not what I strive for. Maybe once I believed I needed that, but now, in my early 40’s I’ve discovered that it doesn’t make me happy.

Men and Women: No major different in the potential

* In 2010, you told us you believed you gender was not of much importance as a trader. Do you still feel the same?

I think I do have the same opinions. We as humans have changed very little.

Maybe our roles are more blurred and therefore so too are the responsibilities but our behavior generally has not changed. I’ve never thought there was a major different in the potential for men or women to succeed but we certainly have different tendencies. The markets do not care if a man or women is on the other end of the keyboard and board… the markets don’t care if I have a pretty smile or not… but I’m smiling a lot.

Links:

Next Meeting

Tues 4th August 2015

The next meeting of the Australian Professional Technical Analysts (APTA) Inc will be held at the City Tattersalls Club at 194-204 Pitt St, Sydney at 6.00pm on 4th August, 2015.

* Please note that APTA and MTA members receive 3 Continuing Education (CE) Credits for the CMT and AMT qualifications for attending the meeting.

Cost:

APTA and MTA Members FREE

Non members $30

All non-members must register and pay prior to the event

Eventbrite - Australian Professional Technical Analysts (APTA) 4 August 2015 Meeting

Speaker:

Colin Lambert – Managing Editor of Profit & Loss Magazine

CL

Topic:

Technical Analysis in a Changing FX Market Structure: Time for a Radical Re-think?

As a statistical science it may be hard to argue that technical analysis needs a radical re-think, but the market structure in FX and fixed income markets is changing quite dramatically.

What are the changes, and what are the potential implications for those constructing and following the charts?

Biography:

Colin Lambert is Managing Editor of Profit & Loss, a print and online publication that studies the impact of new trends and practices on the FX and OTC derivative markets – with a particular emphasis on e-FX. Formed in 1999, Profit & Loss has led the debate over the impact of the electronic channel on trading activities at banks, corporations and money managers.

Colin joined Profit & Loss in August 2001 as Deputy Editor, after a 21-year trading career in the foreign exchange industry. During this time he spent the majority of time trading spot FX before he moved into a proprietary trading role.

He finished his dealing career at British Petroleum.

During his trading years, he spent time working in London, New York, Singapore, Tokyo and Toronto and held several senior posts including that of Chief Dealer, FX and Deputy Treasurer.

Colin is an Honorary Member of ACI Australia and ACI UK – both affiliated to ACI – The Financial Markets Association, and is the author of “Once A Dealer – 50 years of ACI”, a history of the Association. He currently sits on the Board of Directors of ACI Australia.

MTA Members:

Following a collaborative agreement between the Australian Professional Technical Analysts (APTA) Inc and the Market Technicians Association (MTA), members of the MTA receive honorary APTA membership and are entitled to attend all APTA meetings. The APTA Management Committee extend a warm welcome to our MTA colleagues.

APTA Meeting FAQs:

How can I attend APTA meetings?

APTA and MTA members may attend meetings at no charge. APTA and MTA members may attend the Annual APTA Luncheon at a discounted price. 
Non APTA members may also attend APTA meetings but must register and pay $30 on-line prior to the event. Registration for the Annual APTA Annual Luncheon is more expensive and will be announced in a timely manner by the Committee.

Can I pay APTA at the door to attend the meeting?

No. Unfortunately, all guests must register and pay online at least 2 hours prior to the meeting. Payments can not taken at the meeting and any non member who has failed to register and pay will not gain admittance.

How can I get the details of the event ?

Details are available at the APTA website at www.apta.org.au .

How can I be notified of upcoming meetings ?

Join the APTA Newsletter mailing list at www.apta.org.au .

Could I invite a friend / colleague to come along to an APTA meeting ?

Of course. If you have any friend / colleague that may be interested in attending as well, feel free to invite them, but please remember that they must register and pay prior to the event.

Comments or questions are welcome.

* indicates required field

Next Meeting – Tues 14th April 2015

Posted March 30, 2015 By APTA.org.au

Next Meeting

Tues 14th April 2015

The next meeting of the Australian Professional Technical Analysts (APTA) Inc will be held at the City Tattersalls Club at 194-204 Pitt St, Sydney at 6.00pm on 14th April, 2015.

* Please note that APTA and MTA members receive 3 Continuing Education (CE) Credits for the CMT and AMT qualifications for attending the meeting.

Cost:

APTA and MTA Members FREE

$30 Non members

All non members must register and pay prior to the event

Eventbrite - Australian Professional Technical Analysts (APTA) 14 April 2015 Meeting

Speaker:

Simon Peisley – Bloomberg

CME_2314541b

Topic:

Using Alternative Market Indicators To Provide Pricing and Trend Signals

Biography:

Simon is currently responsible for the Foreign Exchange and Economics product for Bloomberg in Australia and New Zealand. Prior to this he spent fifteen years working in financial markets in Trading and Institutional Sales functions across FX and precious metals for a number of Australia’s Major Banks.

Simon is an avid user of Technical Analysis to trade and advise clients and uses a number of other points of non technical information to fill in trend and long term-price information gaps.

MTA Members:

Following a collaborative agreement between the Australian Professional Technical Analysts (APTA) Inc and the Market Technicians Association (MTA), members of the MTA receive honorary APTA membership and are entitled to attend all APTA meetings. The APTA Management Committee extend a warm welcome to our MTA colleagues.

APTA Meeting FAQs:

How can I attend APTA meetings?

APTA and MTA members may attend meetings at no charge. APTA and MTA members may attend the Annual APTA Luncheon at a discounted price. 
Non APTA members may also attend APTA meetings but must register and pay $30 on-line prior to the event. Registration for the Annual APTA Annual Luncheon is more expensive and will be announced in a timely manner by the Committee.

Can I pay APTA at the door to attend the meeting?

No. Unfortunately, all guests must register and pay online at least 2 hours prior to the meeting. Payments can not taken at the meeting and any non member who has failed to register and pay will not gain admittance.

How can I get the details of the event ?

Details are available at the APTA website at www.apta.org.au .

How can I be notified of upcoming meetings ?

Join the APTA Newsletter mailing list at www.apta.org.au .

Could I invite a friend / colleague to come along to an APTA meeting ?

Of course. If you have any friend / colleague that may be interested in attending as well, feel free to invite them, but please remember that they must register and pay prior to the event.

Comments or questions are welcome.

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