Introduction to Technical Analysis (2 Sessions and a Workshop - 2 hrs each)

(Basic TA)

This course provides a thorough grounding in technical analysis to traders new to the subject.

The course gives particular attention to the following topics:

Technical Analysis
- Why it works and its limitations

Chart Types
- Line, bar, candle and semi-log – Using them in different markets and market conditions

Support and Resistance Levels
- Identifying levels
- Assessing their strength
- Expected price movement on the break of levels

Trend Lines
- Drawing lines correctly
- Recognising trend line breaks and ‘false breaks’

Chart Patterns
- The major continuation and reversal patterns
- How to recognise them and how to project subsequent price moves

Volume
- Understanding its significance and using volume data with price

Moving Averages
- The different types of moving average lines
- Which periods to use
- Moving average based trading techniques

Dow Theory
- Appreciating the contribution of Charles Dow

New developments in technical analysis
- What new analysis is catching on?