Course Objectives:
- Understand the principles of technical analysis.
- Learn to interpret various charts and patterns.
- Develop skills to use technical indicators and oscillators.
- Gain proficiency in identifying trends and reversals.
- Understand the concepts of risk management and trading psychology.
- Learn to make informed trading decisions based on technical analysis.
Course Schedule:
Month 1: Introduction to Technical Analysis and Charting Basics
Class 1: Introduction to Technical Analysis
- Definition and importance of technical analysis
- Difference between technical and fundamental analysis
- Overview of the course
Class 2: Types of Charts
- Line charts, bar charts, and candlestick charts
- How to read and interpret different types of charts
- Advantages and disadvantages of each chart type
Class 3: Chart Patterns I
- Introduction to chart patterns
- Reversal patterns: head and shoulders, double tops and bottoms
- How to identify and trade these patterns
Class 4: Chart Patterns II
- Continuation patterns: flags, pennants, and triangles
- How to identify and trade these patterns
- Examples and case studies
Month 2: Technical Indicators and Oscillators
Class 5: Moving Averages
- Simple moving averages (SMA) and exponential moving averages (EMA)
- How to calculate and interpret moving averages
- Using moving averages for trend identification
Class 6: Momentum Indicators
- Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD)
- How to calculate and interpret RSI and MACD
- Using momentum indicators to identify overbought and oversold conditions
Class 7: Volume Analysis
- Importance of volume in technical analysis
- Volume indicators: On-Balance Volume (OBV), Volume Price Trend (VPT)
- How to use volume indicators to confirm price movements
Class 8: Bollinger Bands and Other Volatility Indicators
- Introduction to Bollinger Bands
- How to calculate and interpret Bollinger Bands
- Other volatility indicators: Average True Range (ATR), Keltner Channels
Month 3: Advanced Concepts, Risk Management, and Trading Psychology
Class 9: Advanced Chart Patterns
- Complex patterns: cup and handle, wedges, and rectangles
- How to identify and trade these patterns
- Examples and case studies
Class 10: Fibonacci Retracements and Extensions
- Introduction to Fibonacci analysis
- How to use Fibonacci retracements and extensions for trading
- Practical examples and case studies
Class 11: Risk Management and Position Sizing
- Importance of risk management in trading
- Techniques for managing risk: stop-loss orders, position sizing
- Calculating and setting risk/reward ratios
Class 12: Trading Psychology and Strategy Development
- Importance of psychology in trading
- Common psychological biases and how to overcome them
- Developing a personal trading strategy
- Course review and Q&A session