HI TJ,
I worked with several individuals on Wall street that were traders and analysts who were all in their early 40's back when I was about 24 years old had a good Job at Chase and was exotic having lived in Sydney. I was a bit of a novelty to my mentors in New York as I had picked up an something of an Australian accent,,,,,..... I had already done a lot of research on time cycles, Momentum divergences using multiple ROC's, multiple RSI's, MACD's etc.. Elliott wave analysis.... the old fashioned way with a Masonic like Compass onn actual Printed charts.....as well as Fibonacci time and turning points, Fib, price retracements and projections, as well as WD Gann Methodology,..... and he has a very wide array of work.
Some of Gann's work such as his angling systems.... his 45 degree line.... 1 x 1 line his 2 x 1 line his 4 by 1 line etc.. that is better know than some of his other work. I had a couple of partners in Australia where we had assembled a huge amount of books and out of print literature which we had spiral bound copies of... I have Gann Material that was given to me there that I have never come across in the US and I have purchased a number of things right from Lambert Gann publishing..... we bought many books from the Traders Press in North Carolina back in 1984-85.... also I would Sydney has more people into Chinese, Japanese, Indian (Sanskrit based) forecasting techniques.... Singapore is relatively close and I know that Citibank had there most one of there most profitable global discretionary trading centers based there.
I found that in Sydney, it was a very cosmopolitan city with people from around the world and there were a couple of networks with some pretty sharp people. And It had more of a smaller community feel compared to New York, Chicago, Houston or LA or London... also the banking and trading community was much more laid back and there was much more social interaction at lunches, industry events etc...... It was definitely not as cut throat as the US is.....
The central business district was much more compact and the exchanges and main bank and brokerage offices where much closer geographically than say NY... where you have the Lower Manhattan Wall street area and then corp. Headquarters up in Mid town... and so much of the Hedge fund community up in the Greenwich Conn and surrounding area. UBS, CNBC and several firms are over right across the Hudson in New Jersey..... and people working in those shops live in Jersey and don't even go into Manhattan... many weeks.
This is just to try to explain that I have approached the proverbial Elephant of Market trading and analysis from a different cultural direction than I would have if I had just been living in the US.
John |
