| SYLLABUS |
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• Introduction to technical analysis • Basic concepts of trend • Major reversal & continuation pattern/gaps • Advanced candlestick charting/Ichimoku • Oscillators – RSI,MACD,stochastic,etc • Moving average systems, Turtles system • Bollinger bands, M.A. Envelopes • Elliott wave theory, Fibonacci ratios • Cycle theory & Gann theory • Wyckoff method • Practical charting software training • Money and Risk management tactics
The program consists of 18 days classroom sittings, covering 12 modules as below:-
MODULE ONE : Definition Of Trading And Investment, Definition Of Technical Analysis, Market Terminology, Reading Market Data, Using Trading Software and Data, Economic and Market Conditions , Economic Indicators, Mar ket Indicators, Industry Analysis, Basics of Technical Analysis, Support/Resistance, Understanding Trends, How to use Volume. Preparation to Be Technical Analyst.
MODULE TWO : Bar Charts, gaps, islands, key reversals. Defining price objectives from gaps and patterns on bar charts. Arithmetic versus logarithmic scales. Dow Theory. Concepts Of Trend. How to draw correct short, medium and long-term trend lines. Trend channels. Return lines and internal trendlines. Unconventional but useful trendlines. Acceleration. Speed lines. Trend characteristics. Consolidation - how and why it occurs. Breakouts and how to recognise them. Corrections: when and how far. Support and resistance. The various chart points and facets that can act as such. Fibonacci series, fan lines, arcs and time zones.
MODULE THREE : Moving averages, arithmetic, weighted and exponential. Centered, noncentered and advanced. Single, double and multiple moving average crossovers. Moving envelopes, including Bollinger bands.
MODULE FOUR : Point And Figure Charts. Point And Figure Patterns. Candlestick charts. Candlestick patterns. Filtering candlesticks. Refining Candlestick with Heikin Ashi Charts.
MODULE FIVE : Point and figure charts. Construction, scale, box reversal, objective counting. Advantages and disadvantages compared to other types of charts.
MODULE SIX : Chart patterns, e.g. triangles, flags, pennants, diamonds, broadening patterns (megaphones), wedges. Reversal patterns and how to identify/anticipate them. Rounding tops and bottoms, head and shoulders, spikes, double / treble / multiple tops and bottoms.
MODULE SEVEN : Basic elements of Elliott Wave Theory. Assumptions Of Elliots Wave, Concepts Of Waves, Classification Of Waves, Motive And Corrective Waves, Fibonacci Numbers, Fibonacci Retracements, Fibonacci Time Targets Basic Elements of Cycles Theory. Amplitude, length, phase, harmonicity, synchronicity, left and right translation, detrending.
MODULE EIGHT : Basic elements of Gann Theory. Definition And Significance Of Gann Theory Historical Background And Time Orientation, Assumptions And Features Of Gann Theory Concepts Of Gann Time Analysis, Concepts Of Gann Price Discovery, Gann Calendar Day Frequencies, Gann Solar Time And Natural Time Frequencies, Gann Emblem, Gann Angles And Gann Squares.
MODULE NINE : Definition Of Oscillators, Significance And Elements Of Oscillators, Relative performance and how to interpret relative strength charts. Momentum indicators and oscillators including: Rate of change, Welles Wilder’s RSI, Stochastics (%K&D), Moving Average Convergence Divergence (MACD), MACD Histogram, Directional Movement Indicator, Parabolics, Commodity Channel Index (%V).
MODULE TEN : Volume Signals and indicators, including On-Balance-Volume, Volume Accumulator etc. Breadth indicators. Sentiment indicators and contrary opinion. The principle of convergence and divergence involving trend characteristic, oscillators, relative strength, breadth indicators and volume indicators.
MODULE ELEVEN : System Trading, Techniques Of Building System, Conceptualizing System, Backtesting System, Modifying System, Reading System Performance Summary.
MODULE TWELVE : Advanced System Trading With Neural Network And Artificial Intelligence. Investor Psychology - individual and group. Professional Money Management Theory. 20 Hallmarks Of Successful Traders. 20 Common Mistakes Of Bad Traders. |