Technical Analysis Course

Technical Analysis Lessons and Courses:

Use Tools to Analyse Trends and Trade more Profitable!Technical Analysis

Technical analysis is the use of chart information in an attempt to predict future price movements of an asset.

In the financial trading market, technical analysis assumes a new meaning as traders seek not just to determine asset direction or asset behavior, but also top predict the length of time an expected move will have a market effect (information that is used to set the expiry time/date for the trade).

CourseYour ProgressYour Overall Grade
Technical Analysis 0% n/a
Module 1 Technical Analysis Basics
Unit 1 An Introduction to Technical Analysis 04:16 Free  
Unit 2 Designing Strategies using Technical Analysis 05:45  
Unit 3 What is Available?  
Unit 4 Technical Analysis Compared to Fundamental Analysis  
Unit 5 Negative Features of Technical Analysis  
Unit 6 The Principles of Technical Analysis  
Module 2 Support and Resistance
Unit 1 Understanding Support and Resistance Levels  
Unit 2 Introducing the Dow Jones Theory  
Unit 3 Fibonacci Extension Levels  
Unit 4 Fibonacci Retracements  
Module 3 Identifying Trends and Trendlines
Unit 1 The Trend is Your Friend  
Unit 2 Why Trends Are So Useful?  
Unit 3 The Significance of Lower Lows and Higher Highs  
Unit 4 How to Trade Bearish Trends  
Unit 5 Exploiting Bullish Trends  
Unit 6 Using Charts to Trade Futures  
Unit 7 Exploiting the Power of Speedlines  
Unit 8 Detecting and Using Trendlines  
Unit 9 Key Trend Levels  
Unit 10 Identifying the Major Components of Trends  
Unit 11 What are Retracements?  
Unit 12 The Concepts of Internal Trendlines  
Unit 13 Trading Market Reversals Strategy  
Module 4 Technical Indicators
Unit 1 Elliott Wave Theory  
Unit 2 The Power of Moving Averages  
Unit 3 Moving Average Convergence-Divergence (MACD)  
Unit 4 Relative Strength Index  
Unit 5 The Art of Understanding Volume  
Unit 6 Volume Indicators  
Unit 7 Williams %R Indicator  
Module 5 Charts and Patterns
Unit 1 Introduction to the Different Chart Types  
Unit 2 Introducing Japanese Candlestick  
Unit 3 Continuation Patterns  
Unit 4 Reversal Patterns  
Unit 5 The Power of the Longer Time-Frames  
Unit 6 Broadening Formations  
Unit 7 Importance of Candlestick Patterns  
Unit 8 The Pros and Cons of Different Price Scales  

 

What is Technical Analysis? – MoneyWeek.com

httpv://www.youtube.com/watch?v=_2sa3TC58Qo

Technical Analysis for Beginners

In this piece, we shall show how the use of one tool can radically do the following:

a)    Allow a trader to correctly predict trade direction for an asset.

b)    Guide a trader to be able to set an expiry time.

c)     Perform historical studies as part of the learning experience.

Of all the tools used in technical analysis for the financial markets, there is one tool that binary options traders will find most useful. This tool is the Autochartist Chart Pattern recognition tool, which is one of the tools in the Autochartist Kit. Available for a $20 monthly subscription or free if you have a live account with a partner broker, this tool is capable of doing the following:

a)    Allowing Correct Prediction of Trade Direction

By being able to identify chart patterns when they occur and on any time frame on which the tool is used, chart patterns can be used to predict the future direction of an asset. This enables a trader to either get a Call or a Put contract, depending on if the asset is to go up or down respectively.

b)    Guide a Trader to Set the Correct Expiry

It does not matter whether a trader is able to get the asset direction 100% of the time. If he cannot predict and set accurate expiry times so that the trade ends in the expected position at the end of the valid period, the trade will end up a loser. A trader can get a guide as to the expiry of the trade by looking at the parameters written on the chart by the Autochartist tool. Look at the chart above. We can clearly see the expected range of movement displayed as well as the number of candles it is estimated to get there. Knowing the time frame of the asset will tell the trader how long a candle will last, and all this adds up to produce a possible target for expiry setting.

c)     Performing Historical Studies

Trading the financial markets is like going to school. The Autochartist tool understands that there will be times when a trader will go back to make reference to previous displays of patterns, and study the response of the price of the asset to the setup. Therefore, traders will see lines made by old chart pattern setups as defined by Autochartist. Traders can use this to study price response, expiry time response and other chart information pertaining to the binary options trade

technical analysis

A look at the chart above shows the Autochartist tool chart patterns. The tool has detected an ascending triangle which is a bullish breakout pattern. To sum up all what has been discussed above, we can see the following parameters displayed by the tool:

a)    Trend change: continuation.

b)    Direction: bullish (blue arrow pointing upwards).

c)     Quality (4 blocks out of a possible five is equivalent to a 4/5 rating.

d)    Clarity: quite high

e)    Result: Emerging (showing that the pattern is not yet complete)

These parameters can be used to detect the trend direction of the next move and in setting a possible expiry. If traders want to conduct historical studies, the dark lines can be used to see previously formed patterns, the response of the asset to those patterns as well as the duration of each move.

There are many tools that can be used. Autochartist is just one of them. It is possible for traders to study these tools and discover how best they can all be used in technical analysis of the binary options market.

Adam

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Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

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