6 Week Advance Technical Analysis
Week Program Overview
Japanese candlesticks for understanding Reversal/Continuation patterns
16 reversal patterns like belt hold lines, counter attack lines, soldiers helping you assist in Buy/Sell decision making process using candlesticks.
10 continuation patterns like tasuki, side by side, windows helping you to understand when the market is going to continue the current trend.
How to use Japanese candlesticks to identify the Support/Resistance levels, which helps us to make informed decisions in regards to Entries/Exits.
Understanding the different patterns to know when is the right time to enter/exit.
Shorting the market, Stop Loss Analysis
Concept, Risk/Reward ratio & Volume
â?¢ Understanding the concept of Shorting methodology.
â?¢ Why traders need to take both sides of the market (Long/Short)?
â?¢ Divergence applications techniques to follow to short the market/securities.
â?¢ Buy & hold is not a strategy but a serious case to take huge losses, hence knowing the Stop Loss concept is of prime importance through support break using indicators.
â?¢ How to use Stop Loss & determine where to place a Stop Loss to curtail your losses from
â?¢ expanding. Calculating to understand if the trade we are taking has a good reward.
â?¢ Understanding the power of volume is a requirement for a trader for not getting trapped
â?¢ into Stages chart.
wrong at which trades.
volume plays an important role in decision making process using volume
â?¢ What goes on behind the volume case scenarios?
Trend Analysis â?? Buying/Selling strategies using Trend lines
â?¢ Identifying significant trend line & how it helps you make informed trading decision.
â?¢ Understanding what happens at the Support/Resistance zones &what makes them an influential one in taking trades based on the Demand/Supply.
â?¢ How to use Trend in your favor helping you formulate trading strategies.
â?¢ Understanding the repercussions of going contra trend.
â?¢ Time frame analysis for different systems.
â?¢ Multibagger scrip Identifications.
â?¢ Factoring concepts for entries/exits.
Chart pattern analysis â?? Buying/Selling/Shorting strategies using Chart patterns
â?¢ Different types of Continuation patterns (Eg. Head & Shoulder)
â?¢ Identifying the Entry/Exit points using these formations.
â?¢ On which time frames these chart patterns are more significant.
â?¢ What to look in a chart pattern not to get trapped in a fake out scenario (Eg. Multiple Triangles).
Technical Indicators â?? Buying/Selling strategies using Indicators in combination with Price action
â?¢ Learning when to apply Technical Indicators in which type of markets.
â?¢ Identifying Divergences using RSI & Japanese candlesticks to trade.
â?¢ Fibonacci Retracements & levels using trend analysis.
â?¢ Learning how to use the combination of Japanese candlesticks & Indicators to make strong case for Entries/Exits.
â?¢ MACD Indicator for Swing trading.
â?¢ Use of Super trend indicator for Entries/Exits.
â?¢ Mean Reversion Techniques using Bollinger Bands & Keltner channels - to understand the best time to take profits.
â?¢ How to combine chart patterns in your Mean reversion indicators & take trades accordingly.
â?¢ Market Breath strength
â?¢ Volume weighted RSI
Risk Management, Position Sizing & Trade Management
â?¢ Understanding the important concept ignored by many which is a requirement for successful trading (Eg. Money Management).
â?¢ What are the core reasons why traders fail & what you should be doing otherwise.
â?¢ Learning the importance to capital brought to the market & its effect on your psychology (Eg. Overtrading Mishaps).
â?¢ Understanding how going all in like a gambler will cost you in a big way.
â?¢ How position sizing helps you reduce the risk & not overtrade.
â?¢ How do we calculate the best position size for a risk to take on?
â?¢ Steps to be taken for a successful Trade management.
03 hours Live Trading excluded which is subject to considerations are listed below:
Time Frame Analysis for different systems Factoring concept for entries/exits Market Breath Strength Volume Weighted RSI Common Mistakes of a Trader