Students learn:
- How to form a trading view using the charting techniques that we have found to be successful in our trading careers.
- How to use essential concepts of technical analysis and learn the rationale & psychology behind these concepts and understand why these concepts work in real life.
- How to identify and recognise opportunities and understand how to size and structure a trade to capitalise on these opportunities.
Topics covered:
Forming a View
– How?
– What methods?
Why Technical Analysis?
– Is it mumbo-jumbo?
– What’s all the squiggly lines?
What types of Charts are there?
– Bar charts
– Candlestick charts
– Ichimoku charts etc.
Essential Concepts
– Trends
– Trading Ranges
– Support & Resistances
What do I use & why?
– What are the charts which we have found to be successful for us?
– Why did we choose those?
– How do you choose what is suitable for you?
Highly Effective Patterns
– Patterns that are easily identifiable
– Patterns have we have used consistently with success in our trading careers
Determining your Risk/Reward
– What is a good entry level?
– What are good stop-loss and take-profit levels?
– What to do when the trade goes the wrong way?
– Why do retail traders lose money over the long run?
Sizing
– How much money to risk?
– How big should a position be?
– Why do retail traders fail?
Practical Application with Real-life examples
– Case studies of recent/current trades which are relevant
– How to use what you have learnt to generate good trades?