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Dighton
Capital USA
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Access This Page Directly:
http://dighton.altavra.com
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Program Description
Dighton’s Swiss
Futures Trading Program trades in most of the liquid
U.S. futures markets like stock indices (especially
Mini S&P), bonds and notes, currencies, energies,
grains, softs and other liquid commodities.
The fact that
Dighton’s trader, Mr. Moiseyev, is monitoring many
different markets does not mean he is always
invested in a broad array of different commodities.
It is possible the trader will invest only in a
single market where, in his opinion, exists the
highest reward potential. The trader may often
establish positions at different times and price
levels in a lone market.
Moiseyev, thoroughly
analyzes the charts of these markets on a daily
basis. Each day, analysis techniques include (but
are not limited to) wave analysis (Elliot Wave), W.D.
Gann principles (angles), Fibonacci retracements,
time cycles, volume, Trix Indicator, divergences,
momentum, oscillators, probability models,
penetration identification, cyclic analysis,
seasonal analysis and pattern analysis.
The Swiss Trading
program is dynamic, non-conventional and complex.
This program is not a systematic trend-follower but
uses the CTA’s discretionary expertise to initiate
trades.
In its simplicity,
the key to understand the advisor’s trading program
is that he doesn’t buy into a market until it is
extremely oversold or sell into a market until it is
extremely overbought. The program seeks to enter
markets near tops and bottoms anticipating
turn-around points. In general the trader tries to
locate points: where to buy in markets that have
excessively fallen and where to sell in markets that
have excessively risen. Markets usually have to fall
sharply to buy or rise sharply to sell. By this, the
trader is attempting to buy when prices are at the
extreme or even past extremes at the top and bottom
of trading ranges. This approach is
trend-anticipating but not really countertrend. When
a position is established, the trader allows the
profits to run and exits when the market reaches a
point where a reversal in trend could be expected.
Unlike many market approaches which depend on trend
reversals before exiting a trade, often times losing
a good proportion, if not most or all of the profits
in the process, Moiseyev has specific exit
objectives.
If losses reach a
specific level, or exceed acceptable levels, the
manager will take a loss and exit the trade.
The approach is
approximately 75 percent technical and 25 percent
fundamental. Moreover, the program is about 20
percent systematic and 80 percent discretionary.
That the program is mostly discretionary is also
seen in the high negative correlation to CTA
indices. Because of this negative correlation the
program could potentially be an excellent
diversification to any CTA portfolio and/or an
excellent standalone investment.
The trader wants to emphasize that the Swiss Futures
Trading Program is only for investors suitable for
speculation and in the financial position to sustain
substantial losses in return for the potential for
returns in excess of 40% per year.
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Management Information
Alex Moiseyev
is the sole trader for Dighton Capital USA. He is
also one of the founders of Dighton World Wide
Investments. Mr. Moiseyev graduated from the Moscow
Oil and Gas Academy with a degree in chemical
engineering in 1987. Mr. Moiseyev spent the period
of 1987 through 1992 as one of the founders of Joint
Venture “Interfive” Moscow. The company specialized
in imports of physical commodities such as sugar and
coffee as well as the export of oil products.
Mr. Moiseyev’s
experience with physical commodities exposed him to
alternative investment strategies where he developed
an intense interest in trading the futures markets.
Mr. Moiseyev
actively researched and studied the commodity
markets and, in the process, formulated proprietary
trading ideas, techniques, and rules that he
utilized when trading for his own account. He
subsequently became one the first members of the
Russian Stock & Commodity Exchange in 1990. From
1992 to 1994, he began creating various hedging
techniques for a number of Brazilian coffee growers
as well as for Russian coffee importers.
Mr. Moiseyev refined
his trading ideas and skills over a 15-year period
utilizing non-conventional trading methodologies.
His trading is characterized by his effective use of
market volatility, unique non-correlated strategies
and systematic trade selection and exit techniques.
His ability to blend systems, techniques and
strategies to create a proprietary methodology
allows for the best risk to reward potential.
His trading system
is the result of taking all his experience and
collaborating with a team of mathematicians to
assimilate the valuable knowledge he learned into
various trading systems. Under his supervision, the
team of mathematicians incorporated all the years of
his trading knowledge and created systems which
serve as the foundation of Mr. Moiseyev current
trading. His trading system was converted into a set
of rules, which filter out most trades and select
only the trades the system deems as having a high
probability of success. For example, it is possible
for the system to have 20 trades out of which 19 can
be filtered out!
Mr. Moiseyev began
managing investor’s accounts in July 2003. Because
he only traded accounts for non-U.S. citizens and
operated as a foreign entity, he was not required to
register as a CTA. Beginning in September 2006,
Dighton took over the accounts. All accounts in the
performance capsule in Dighton’s disclosure document
were traded using the same methodology in the
document since Mr. Moiseyev began managing accounts
in 2003. The accounts in the composite were charged
actual fees in accordance with the fee structures
set forth in this document. Mr. Mosieyev as a
principal of the CTA will continue to direct the
trading of customer accounts.
The
descriptions above
are from the manager’s website.
THE
RISK OF LOSS IN TRADING FUTURES, OPTIONS AND
OFF-EXCHANGE FOREX
CAN BE SUBSTANTIAL. PAST RESULTS ARE NOT
NECESSARILY INDICATIVE OF FUTURE RESULTS. PLEASE READ THE
CTA'S RISK DISCLOSURE DOCUMENT CAREFULLY BEFORE
INVESTING MONEY.
Disclosure Statement
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