The conference started with a warm welcome opening and a walkabout session where guests along with the speakers were distributed amongst the conference tables to get to know each other and discuss various issues concerning Technical analysis, each table was lead by one of the speakers and the guests rotated among the different tables and speakers. Different topics were discussed such as economical globalization, commodities, trading techniques and indicators usage, derivatives products ( options, ETFs ) and finally how do you see your society and what in your opinion can be done to more serve and satisfy your needs. Later on Ian Notely gave a tribute to Late John Brooks in his memoriam, there was still sadness, but it is a wistful sadness that is tempered by the happy memories that we still possess about one of the pioneers of Technical analysis; we will really miss you John Brooks.
After the lunch, the real action got started with Martin Pring, where his topic was “Executing Profitable Sector Rotation Strategies by Applying Technical Analysis to Economic Indicators”,
Mr.Pring presentation was widely appreciated by the guests, he was kind enough to offer some of his educational CDs to few of the guests.
Later that day, John Person discussed the necessity of "Building & Using a Rule Based Trading System".He discussed a new short technique based on Doji candlesticks.The 1st day ended with the Japanese hour in which Akira Homma talked about STATISTICAL INVESTIGATION ON “REVERSAL DATE PROJECTION and Hiroshi Okamoto presented a study on candlesticks, Masayuki Ito discussed the Application of technical method to group of stocks divided into quantiles, And finally Shigetoshi Haneda talked about a simple study of candlesticks formation
Consideration of Closing-leg
(Hikene-ashi):how to draw and use it.
The day ended with a free invitation from ESTA to all the attendees for a marvelous desert dinner in the middle of the red sea mountains in the magnificent Sharm El Sheikh. Everyone enjoyed the desert night with the dazzling fire shows and it was really a night to remember.