NCFM TECHNICAL ANALYSIS

CHAPTER 1: INTRODUCTION TO TECHNICAL ANALYSIS 

• What is technical analysis
• Price discounts everything
• Price movements are not totally random
• Technical Analysis: the basic assumption
• Strengths and weakness of technical analysis
• Importance of technical analysis
• Weaknesses of technical analysis

CHAPTER: 2 CANDLE CHARTS 

• The charts
• Candlestick analysis
• One candle pattern
• Hammer
• Hanging man
• Shooting star and inverted hammer
• Two candle pattern
• Bullish engulfing
• Bearish engulfing
• Piercing
• Bearish harami
• Bullish harami
• Three candle pattern
• Evening star
• Morning star
• Doji

CHAPTER 3: PATTERN STUDY 

• What are support and resistance lines Support
• Resistance
• Why do support and resistance lines occur?
• Support and resistance zone
• Change of support to resistance and vice versa
• Why are support and resistance lines important?
• Head and shoulders
• Head and shoulders top reversal
• Inverted head and shoulders
• Head and shoulders bottom
• Double top and double bottom
• Double top
• Double bottom
• Rounded top and bottom
• Gap Theory
• Common gaps
• Breakaway gaps
• Runaway/continuation gap
• Exhaustion gap
• Island cluster

• CHAPTER 4: MAJOR INDICATORS & OSCILLATORS

• What does a technical indicator offer?
• Why use an indicator?
• Tips for using indicators
• Types of indicator
• Simple moving average
• Exponential moving average
• Which is better?
• Trend following indicator
• When to use?
• Moving average settings
• Uses of moving average
• Signals – moving average price crossover
• Signals – multiple moving averages
• Oscillators
• Relative strength index
• What is momentum?
• Applications of RSI
• Overbought and oversold
• Divergence
• Stochastic
• William %R
• Real life problems in use of RSI
• Advanced concepts
• Moving average convergence/divergence(MACD)
• What is the macd and how is it calculated
• MACD benefits
• Uses of MACD
• Money Flow Index
• Bollinger Bands
• Using multiple indicators for trading signals
• Price sensitive technique
• Volume sensitive techniques
• Composite methods
• How to use tool kit of trading techniques
• Trading market tool kit applications
• Bull market tool kit application
• Bear market tool kit application
• Trading market changing to bull market tool kit application
• Trading market changing to bear market tool kit application
• Bull market changing to trading market tool kit application
• Bear market changing to trading market tool kit application

CHAPTER 5 : TRADING STRATEGIES 

• Day trading
• Advantages of day trading
• Risks associated with risk day trading
• Strategies
• Strategies for day trading
• Momentum trading strategies

CHAPTER 6: DOW THEORY AND ELLIOT WAVE THEORY 

• Introduction
• Principles of Dow Theory
• Significance of Dow Theory
• Problems with Dow Theory
• Elliot Wave
• Fundamental Concept
• After Elliott

CHAPTER 7: TRADING PSYCHOLOGY AND RISK MANAGEMENT 

• Introduction
• Risk Management
• Components of risk management
• Stop loss
• Analyze reward risk ratio
• Trail stop loss
• Booking Profit
• Uses of stop loss
• Qualities of successful trader
• Golden rules of traders
• Do’s and don’t s in trading
• Rules to stop losing money
• Choosing the right market to trade
• Importance of discipline in trading