Support & Training
Course Detail
Charting and Technical Analysis for Commodity Markets
This is a two-day course for which no knowledge of Technical Analysis is required. Great emphasis is placed upon the practical application of Technical Analysis to trading and hedging activities i.e. how does a trader think? Real-time examples and real-world trading tools are used throughout the course.
ICE Connect provides futures data and charting tools along with a wide array of other analytical utilities. In addition to providing data from ICE itself, prices from other exchanges are also available.
Course Information
| Price | £1,600 + VAT | ||||||||||||
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| Duration | 2 days | ||||||||||||
| Location | London | ||||||||||||
| Available Dates |
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Who Should Attend
- Recommended for anyone who would like to gain an understanding of the principles and applications of charting techniques
- Futures and options brokers or dealers
- Trading companies, banks, brokers, commodity producers, consumers, refiners, distribution and storage companies
- Market regulators and government departments
- Fund managers and investors
Booking Information
Course Content
Day 1
- The history and evolution of Technical analysis
- From 16th century rice traders to 21st century big data
- Patterns vs numbers - 'every picture tells a story'
- Human behaviour and psychology - truly understanding prices
- Building and executing a battle plan
- Fibonacci retracements - understanding wave theory
- Dow Theory - learning a methodical approach
- 'Prices discount all other information' ignore fundamentals
- Classic chart analysis - trend lines and channels
- Support and resistance - discovering price floors and ceilings
- Exercises in live markets
- Working as a team to understand what the market is telling us
- Seeking confirmation of trends and signals
- Learning not to fight market trends
- Building a chart - which tools do we use?
- Recording the data - candlestick charts
- Gaining information from candlestick shapes
- Finding the levels and trends
- 60 minute charts, daily charts and long term charts
- Volume and open interest - interpreting the data
Day 2
- Trading Strategy
- Entry points and stop points
- Searching for targets - profit points
- Continuation patterns - flags, pennants and triangles
- Consolidation - being aware of the next move
- Reversal patterns - the turning points in the market
- Head and shoulder patterns plus double tops and bottoms
- Fibonacci retracements revisited - catching the bounce
- Market gaps - planning ahead after shock moves
- Combining the Commitment of Traders report with a technical view
- Mathematical Indicators
- Trend following indicators vs momentum indicators
- Understanding the theory behind moving averages
- Undertaking research - searching for the relevant moving average
- Simple but effective signals from moving averages
- Momentum indicators - definitions and types
- Understanding overbought and oversold conditions
- MACD, Bollinger Bands, RSI and Stochastics
- Choosing your indicator - adapting to market conditions