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ADVANCED TECHNICAL ANALYSIS COURSE
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ADVANCED TECHNICAL ANALYSIS
The Advanced Technical Analysis course teaches you the many advanced technical analysis indicators and tools that can help increase your odds for consistent long-term success trading stocks and options. We will cover: ABC formations, MACD, Stochastics, Commodity Channel Index, Woodies CCI, Relative Strength Index, Directional Movement Indicator, Bollinger Bands, Fibonacci’s, and more. Before you know it, you will be a sophisticated charting technician! Part One sets the stage for the remaining parts and gets you familiar with foundational terminology.
Part Two of Advanced Technical Analysis is about ABC Formations, and how to use these recurring technical patterns to more accurately time your fills and predict the future price movement of a security. ABC formations work in both up and downtrends. It is important to confirm the expansion legs with strong volume and the retracement leg with lighter volume.
In Part Three of Advanced Technical Analysis, you will learn about the MACD Indicator. This is a popular trend following indicator that shows the relationship between two moving averages which produces buy and sell signals. The MACD technical indicator is most effective in trending markets and can help you time your trades better by proving clear buy and sell signals.
Part Four of Advanced Technical Analysis is going to teach you all about the Stochastics Oscillator and how it can be used as a effective tool in range-bound markets to spot overbought and oversold zones. This technical indicator works by the idea that prices tend to close near their past highs in bull markets, and near their most recent lows in bear markets.
In Part Five of Advanced Technical Analysis you will learn about the Commodity Channel Index which is also referred to as the CCI. This advanced technical analysis tool is an oscillator that determines overbought and oversold levels. The Commodity Channel Index works by measuring the difference between its current price change and its average price change. We will also discuss another more advanced variation of CCI known as: Woodies CCI.
In Part Six of Advanced Technical Analysis, we will discuss the importance of the powerful technical analysis indicator known as the Relative Strength Index. Also know as the RSI, this advanced technical analysis charting tool generates overbought and oversold readings that is useful in helping spot trend reversals and buy/sell signals. The RSI comes in different variations and we will discuss the Wilder’s RSI in conjunction with the standard RSI.
In Part Seven of Advanced Technical Analysis is about the extremely insightful and powerful technical analysis tool known as the Directional Movement Indicator (DMI). In my opinion this is one of the most powerful trend following indicators available that can help increase your odds for success by showcasing if a trend is continuing or reversing. The DMI can be used as a valuable tool in offering very accurate buy and sell signals in all time frames
In Part Eight of Advanced Technical Analysis you will learn how to use Bollinger Bands, an advanced technical tool that was developed by charting technician John Bollinger in the 1980’s; to help forecast future increases and decreases of the implied volatility on a security. Bollinger Bands work in all different time frames, on all types of securities, and offers additional support & resistance insight.
In Part Nine of Advanced Technical Analysis, you will learn all about Fibonacci Retracements. This is a common and natural way to determine future levels of support and resistance in a security. These price points are composed of Fibonacci’s numbers: 23.6%, 38.2%, 50%, 61.8%, and 100% – which are key percentages that are found in all aspects of life and can be used in the trading business by dividing the vertical distance between the peak and trough on a chart.
In the Final Part of Advanced Technical Analysis you will learn about Combining & Back-testing Technical Indicators. There are many different technical analysis tools and techniques that you have been learned thus far and it’s important to create a system that only uses a few of them to avoid over complicating your technical trading approach. Simplicity and consistency are two key areas of focus when designing your trading system. Back-testing Technical Analysis Setups is a critical process in creating a technical analysis trading system because you are able to test different indicators to determine what works best for you and your trading style. Back-testing will also instill the necessary confidence in your trading approach and help you get better fill prices on your trades. Once you have your charting preferences setup, fine-tuned, and analyzed over various time periods, you will have the ability to maintain a consistent trading approach that will yield higher levels of profitability over the long-term.