Entry Logic The entry signal fires without certainty. That is not a flaw in the design. It is the condition under which the entire system operates. Previous: Introduction: The Programme, From the Inside | Next: System Anatomy 2: Exit Logic...
The Programme, From the Inside Introducing the System Anatomy Series: seven essays on the structural logic of how a systematic trend following programme is actually built and run, written for the practitioner who wants to understand the mechanics, not just...
The room goes quiet. “Sold.” That single word ends an auction. But it also hides one of the deepest truths about markets. The textbooks call it price discovery, as though a true value had been buried somewhere and the auction...
You have seen it, even if you never stopped to name it. Dusk, maybe. Thousands of starlings over a field, moving as one. The flock contracts, expands, pivots. It flows like smoke, like water, like something alive. A falcon dives...
A provocation, and a serious argument for why the equilibrium framework has run its course, and what should replace it. In 2008, as the financial system teetered, Queen Elizabeth II visited the London School of Economics and asked a simple...
Complex adaptive systems thinking applied to finance: what the framework offers, where it reaches its limits, and what a new book adds to the conversation. The application of complex adaptive systems theory to financial markets is no longer a fringe...
Traditional models keep failing practitioners. Here is why complexity theory offers something more honest, and more useful. Every practitioner who has survived a genuine market crisis has felt it: the uncomfortable gap between what the model said and what the...
The economy doesn’t run like clockwork. Understanding why changes everything about how we invest, plan, and respond to uncertainty. Picture a clock. Every gear meshes with the next in a precise sequence. Pull one lever and the mechanism responds in...
The doors are open. The rush is on. There’s an old saying among prospectors: the richest veins aren’t found where everyone’s digging. They’re found by those willing to push further into uncharted territory, study the terrain, and read the landscape...
The Aussie Turtles Trend Following Guide is the foundational publication from the Aussie Turtles community, co-founded by Richard Brennan and Adam Havryliv. The community draws its name and much of its philosophical inheritance from the original Turtle Trading experiment of...
