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A Review Of ATIC Singapore 2010
In the Spotlight | 27 April 2010
By: Ernest Lim
Articles (134) Profile

Wonder how many readers have gone to the Asia Trader and Investor Convention (ATIC) event held at Suntec Hall 401 over the past weekend? I was privileged to be given a VIP pass which allowed me to sit in all the seminars held there. The ATIC seminar was packed with serious traders and investors and many of them excitedly engaged the experts with their questions.

Before this, some background on ATIC

According to the ATIC website, since its inception in 2006, the seminar has been held in seven Asian Cities, viz. Bangkok, Ho Chi Minh City, Kuala Lumpur, Mumbai, Shenzhen, Singapore and Tokyo. Since its inception, more than 300 financial services companies, such as securities brokerage firms, securities exchanges, asset management firms, other financial services providers, etc. have participated and have attracted in excess of 75,000 traders and investors across Asia.

Over the ATIC held over the past weekend, there were more than 50 English seminars, hosted by 30 international and local speakers. There were more than 50 English seminars and countless of investors and traders who frequented ATIC.

Initial experience

I went to ATIC early in the morning as my first seminar on “Power Indicators” presented by Mr Benny Lee, Chief Market Strategist, NextVIEW started at 9am. As it clashed with the opening ceremony of ATIC, I gave the opening ceremony a miss as I am excited to know about the Power Indicators which Mr Benny presented. As this was the first time attending the ATIC seminar, I was surprised to see the numerous booths. I was also astonished that the seminar rooms were inside the Hall itself.

Having recovered from the surprise, I settled down and listened to the seminar. My first impression was that the seminar room was not fully populated. However, this is likely due to the early time slot as investors and traders are just on their way here. Furthermore, there are several groups of people who are queuing up at the ticket area to buy tickets. Thus, these are the possible reasons why the first seminar was relatively less populated.

After Mr Benny’s interesting seminar, I continued to sit through the various seminars. I was particularly excited at the prospect of listening to the below speakers as they are illustrious people in the trading arena.

Mr John Bollinger

Brief background

Mr Bollinger is the creator of Bollinger Bands, a widely used technical indicator by investors and technical analysts worldwide. Mr Bollinger is the President of Bollinger Capital Management, an investment management company that provides technically-driven money management services. He is also the author of an extremely popular book “Bollinger on Bollinger Bands” in 2001 and has since been translated into seven languages.

Bollinger bands

Mr Bollinger conducted a clear and succinct presentation on Bollinger bands. He explained the definition of a trading band and taught the audience on how to create a proper Bollinger Band chart. Some of the key points which are particularly useful are:

Semi log scale

This refers to the price axis being displayed in a logarithmic manner whereas the time axis is displayed in arithmetic form. Given a stock which moved from $1 to $4 over a 3 month period, the share price advance from $1 to $2 will appear to be the same distance as the move from $3 to $4. Although the absolute price change is the same, it is different in percentage terms.

In order to measure the price movement in percentage terms, a logarithmic price scale is used. An upwards move from $1 to $2 will appear to be the same distance as the move from $2 to $4. Trend lines generally tend to fit better in semi log scale.

Different indicator type for different information

Mr Bollinger informed the audience that they are different types of indicators to measure different information such as On Balance Volume, Relative Strength Index (RSI), ADX, etc. to indicate volume, momentum and trend information respectively. Therefore, one should not use two momentum indicators such as RSI and Rate of Change, as they are correlated to a certain extent. It would be better if RSI (being a momentum indicator) is paired with a volume indicator.

Mr Daryl Guppy

Brief background

Mr Daryl Guppy is the founder of Guppytraders.com, an international financial market education and training organization. It has offices in Beijing, Darwin and Singapore. Mr Guppy is a frequent commentator on CNBCAsia and is also known as “the chart man”. He is the author of several books such as “The 36 Strategies of The Chinese For Financial Traders, Trend Trading etc. He is widely sought after and has spoken in more than 27 countries.

Mr Guppy showed the audience some of his tools for trading. I have given an abridged account for some of his tools below:

RSI: By identifying RSI divergence vis-à-vis the share price, it shows the potential for trend change.

Trend volatility line (TVL): According to Mr Guppy, trend volatility line can be used to understand trend volatility and minimise entry risk on intra day basis for end of day trading.

Parabolic: This parabolic trend can highlight short term trading opportunities for traders.

Gap trading: Mr Guppy also highlighted gap trading as another form of opportunity to capitalise on.

Looking forward to the next ATIC seminar

Overall, I went back from the two day ATIC seminar feeling rejuvenated and happy as I have obtained some knowledge from the seminar. I am sure those readers who went to the seminar have also returned with some useful knowledge.

Looking forward to the next ATIC seminar in Singapore.

Ernest Lim is a CFA, CA and has worked at GIC Special Investment. He has a solid feel of the markets and financial world and is now a remisier.

Please click here for more information about this author.


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