Technical Analysis - A practical approach for trade entry
2.4 (165 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,327 students enrolled

Technical Analysis - A practical approach for trade entry

Technical Analysis is a vital tool to assist in proper trade entry. A great entry increases your chances of success.
2.4 (165 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,327 students enrolled
Created by Hari Swaminathan
Last updated 12/2019
English
English [Auto]
Price: $79.99
30-Day Money-Back Guarantee
This course includes
  • 2 hours on-demand video
  • 6 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
Training 5 or more people?

Get your team access to 4,000+ top Udemy courses anytime, anywhere.

Try Udemy for Business
What you'll learn
  • Master Technical analysis and learn to time your trade entry as accurately as possible
  • Create a reliable set of indicators to guide you with trade entry
  • Learn all about Price indicators, Momentum indicators, Oscillators, Support and Resistance, Volatility indicators and Volume indicators
  • Practical examples of using Technical analysis for high probability trades
  • 5 cutting edge Case studies of Technical analysis in action
Requirements
  • Basic understanding of markets and trading
Description


MASTER TECHNICAL ANALYSIS

Technical analysis has become extensive in recent years. We study the psychology of technical analysis and why they work 60 to 70% of the time. There are several categories of technical analysis - Price indicators, Support and Resistance levels, Momentum indicators, Volume indicators, Oscillators and Statistical price movement indicators. This is again an area where the KISS rule applies - Keep It Simple S-----. We cut through all the noise and show you why there are 4 or 5 indicators you should study and that's all you really need to make informed entry and exit decisions. Technical analysis is a self-fulfilling prophecy and gives deep insight into crowd behavior.

What you will master   

 

  • What is Technical Analysis and why is crowd psychology an important factor in markets

  • Why does technical analysis work only 60 to 70% of the time

  • Why are Price indicators called "lagging" indicators

  • What are potential "leading" indicators

  • A study of Moving averages and which ones are helpful

  • What are the best indicators for short, medium and long term trends

  • Why do we need a "confluence" of indicators to make a decision

  • Why the Bollinger Bands are a cool indicator

  • Adjusting technical indicators to match your trading timeframe

  • Why technical analysis "works until it doesn't"

 

SECTION 1   

Lecture I -  What is Technical Analysis

Technical analysis is primarily a study of Crowd psychology and crowd behavior. If a certain number of people act in unison at a certain time, and other people can observe this group of people taking a certain action, then they are motivated to join in. And it becomes a self-fulfilling prophecy. Technical analysis is a very powerful force in the markets, but it has limitations. This Introductory lecture explains these details.

 

Lecture 2 - Crowd psychology and Crowd behavior

What is crowd psychology and why does it matter ? In this lecture, we study the S&P 500 Index over the last 20 years, and also observe a certain technical pattern that is currently playing out textbook-style. How could this pattern impact the markets this year ? 

 

Lecture 3 -  Limitations of Technical Analysis

What are the limitations of Technical analysis - when does it work, and when does it not work. Knowing when it does not work is as important as knowing when it works.

 

SECTION 2   

Section 2 is a detailed discussion of all the types of Technical analysis indicators. You have various kinds - Price Indicators, Momentum indicators, Statistical and Volatility indicators, Support and Resistance, Volume indicators and Oscillators. Each of these indicator types are broken down in detail as well as insightful tips on their usage and interpretation.

 

SECTION 3   

Section 3 is a complete case study set of 5 stocks - 

1) Apple (AAPL) - 1 Year Chart. And how AAPL gave 3 points of entry for the perfect Bearish trade.

2) Priceline (PCLN) - No clear long-term signals, but a short term bearish trade could be played out.

3) Chipotle Mexican Grill (CMG) - an absolutely amazing Statistical indicator gives away the perfect "Long" signal

4) The Gold ETF GLD - Hidden inside a very bearish chart is the potential for a reversal trade

5) And on the Google (GOOG) charts, we can study the battle between the Bulls and Bears at a recent breach of Google's all-time high.

 

Applying correct Technical Analysis techniques can set you with a fantastic trade entry. If you get your trade entry correctly, you have just increased your chances of a profitable trade a whole lot. 

 



Who this course is for:
  • If you want to be an expert in Chart reading skills
  • If you trade anything in the markets - Stocks, Futures, ETFs, Currencies, Gold
Course content
Expand all 16 lectures 01:57:10
+ Introduction to Technical Analysis
3 lectures 35:18
Technical analysis is primarily a study of Crowd psychology and crowd behavior. If a certain number of people act in unison at a certain time, and other people can observe this group of people taking a certain action, then they are motivated to join in. And it becomes a self-fulfilling prophecy. Technical analysis is a very powerful force in the markets, but it has limitations. This Introductory lecture explains these details.
Preview 11:03
What is crowd psychology and why does it matter ? In this lecture, we study the S&P 500 Index over the last 20 years, and also observe a certain technical pattern that is currently playing out textbook-style. How could this pattern impact the markets this year ? 
Crowd psychology and crowd behavior
18:15
What are the limitations of Technical analysis - when does it work, and when does it not work. Knowing when it does not waork is as important as knowing when it works.
When does Technical analysis not work
06:00
+ Technical Analysis indicators
6 lectures 42:07
Moving averages are the most popular indicators based on price. we study the construction of helpful moving averages and crossovers for different timeframes.
Indicators based on Price action - Moving averages
09:11
Support and Resistance some of the most watched points in a stock's history. This is because what happened in the past at certain points are "facts" recorded permanently into the stock's history. In many ways, these are better than indicators because of its factual characteristics.
Support and Resistance
04:45
The MACD is a widely used indicator that shows momentum behind a certain move. 
Momentum Indicators - MACD Indicator
05:37
The RSI is a widely used indicator - It tells you when a stock is at "overbought" or "oversold" conditions. This kind of an indicator is called an oscillator.
Oscillators - Relative Strength Index (RSI)
05:11
Bollinger Bands are very powerful indicators. They tell you when a stock is likely to make a "reversal" trade because it has travelled too far too quickly. This is a statistical indicator but can be very reliable and very powerful.
Statistical indicators (or Volatility indicators) - Bollinger Bands
08:20
This lecture briefly looks at Volume analysis, which is covered in another course. It also covers the ideal chart setup with the ideal set of indicators.
Volume Analysis Primer and Ideal Chart Setup with indicators
09:03
+ Chart Analysis
7 lectures 39:45
A case study of Apple's Chart over the past year. We can see confluence coming in from 3 different indicators, at different times. In total, there were 3 opportunities to enter a bearish trade, all of which would have been very profitable.
Case Study 1 - AAPL Charts
07:09
A case study of Priceline's charts for the last few months. The analysis reveals a potential short-term bearish trade
Case Study 2 - Priceline Charts (PCLN)
05:11
Studying the CMG 6 months chart, we see an extreme reading on the chart. Anybody watching this would have taken a brilliant trade.
CMG Case Study 3 - Chipotle Mexican Grill Charts
03:29
The chart on GLD looks very bearish. But on closer examination, this could have a potential for a nice bullish run.
Case Study 4 - Gold ETF (GLD) Charts
03:00
GOOG recently won a battle with its all time high. The battle waged on for 4 or 5 months. This chart studies energy levels that a stock must attain to break down a significant barrier like an all-time high.
Case Study 5 - GOOG Charts
07:04
This is a concluding lecture, and we recap everything we learned in this course.
CONCLUSION
06:42
Technical Analysis Quiz
7 questions
BONUS LECTURE - DONT MISS !!
07:10