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Technical Analysis & Inter-Market Trading    
 
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Objectives


The course is designed to provide a comprehensive overview of the essential concepts and techniques of Technical Analysis as practised today by many fund managers, asset allocation strategists and traders in the capital markets. Of particular focus in the course will be the increasing importance of inter-market technical and quantitative analytical tools.  Rather than taking specific securities and considering their valuations and expected returns in isolation, the emphasis will be much more on the inter-connection of items from different asset classes.

 

Target Audience


The course is designed for persons who have a background in the fundamentals of technical analysis.  It will provide a supplementary set of skills and techniques for those seeking greater understanding of underlying market dynamics and trading strategies.  For those with no background and who would like to attend there is a comprehensive primer document (provided on registration to all candidates) which explains the foundations of technical analysis and introduces the basic concepts, terminology and methods which will be examined at a more advanced level in the course.  However, the course will assume this knowledge at its start.

 

Length and Structure of the Course


The course covers two days of lectures which will feature many specific examples and case studies. Each day will consist of four separate ninety minute sessions with coffee breaks in the morning and afternoon with a lunch break in the middle. There is no formal examination for the course but candidates will receive a certificate of attendance.

 

Course Tutor


Clive Corcoran
Clive is an FSA Registered Investment Adviser and currently advises private clients on how to practise long/short market neutral strategies.  As an author he has written Long/Short Market Dynamics: Trading Strategies for Today’s Markets which was published by Wiley in 2007 and his articles have appeared in Traders’ Magazine and Active Trader.


In recent years he has been a frequent contributor to CNBC’s European Closing Bell and has also been a speaker at international trading expos and workshops.   Currently Clive is writing a new book focused on examining limitations in current macroeconomic theory, especially relating to market liquidity, and how insights from technical analysis and other disciplines can contribute to a better understanding of systemic financial risk.

Course Brochure

Click
here to download the Technical Analysis and Inter-Market Trading course brochure.

 

Course Outline
 

Session 1 Contents 

The rationale for studying Technical Analysis (TA)

• Contrast between fundamental analysis and technical analysis
• How does TA fit with the Efficient Markets Hypothesis?
• Synopsis of historical TA literature – Dow, Elliot, Gann, Wilder
• Growing significance of macro asset allocation strategies using TA


Session 2 Contents 
Fundamentals of Charting and Pattern Analysis • Charting as foundation of TA
• Principal chart types: candlestick charts, point & figure and Ichimoku charts
• Effective chart patterns and how to trade them profitably
• Chart analysis of FX, global stock indices and US Treasury bond market


Session 3 Contents 
Trends and Moving Averages • Moving averages as foundation of trend analysis
• Trend channels, support/resistance, pivots
• Trend violations, inflection points, false breakouts and non-confirmations
• Gaps, congestion and breakaway patterns

Session 4 Contents 
Volume, Money Flow and Momentum • Momentum indicators and oscillators
• Money Flow Index (MFI) and Moving Average Convergence and Divergences (MACD)
• How momentum interpretation is used in trading strategies
• Consequences of MTF’s, dark pools and HFT algorithms to volume analysis

Session 5 Contents 
Technical divergences & market dissonance

• Divergences between price and volume, price and momentum etc.
• Reversal patterns and major inflection points - how to identify/anticipate them.
• Markets as a collective mind which can exhibit dissonant behaviour
• Anticipating how far corrections and breakouts will go.


Session 6 Contents 
Volatility, Liquidity and Correlations • Different ways of measuring volatility
• Heightened sector and asset class correlations associated with increased volatility
• Volatility clustering,  limits of normal distribution analysis to time series data
• Interpreting the CBOE Volatility Index (VIX)


Session 7 Contents 
Elliott Wave Theory, Cycles and Miscellaneous Indicators • Explanation of the basics of Elliot Wave theory – wave “personalities”
• Market cycles - amplitude, length, phase etc.
• Fibonacci ratios and price targets
• Case studies of fibonacci retracements

Session 8 Contents 

Inter-market Analysis

• Systemic liquidity conditions and financial contagion.
• Co-movements of different asset classes –sector rotation, correlation strategies
• Overview of some technically driven “quant” models.
• Large scale macro trading patterns involving switches between risk appetite and risk aversion

 

   
 

Details of the next seminarThomson Reuters


London, Great Britain
14-15 September, 2010
 
Venue:
Thomson Reuters
30 South Colonnade
Canary Wharf
London,  E14 5EP

 
This is an ICMA Executive Education course hosted by Thomson Reuters.  Thomson Reuters is the leading source of intelligent information for the world’s businesses and professionals.

   
   
 

Costs
 

The cost will be £1,000.00 for ICMA Members and £1,300.00 for non-members.   
The following discount scale is offered:
2-4 candidates – 5% discount each*
5+ candidates – 10% discount each*

*Please note that discounts are applied by way of a refund to the organisation when registration has closed and the final number of candidates from the firm has been determined.

Payment can be made by secure online credit card or by invoice.  Please note that the BACS invoice method has an additional £50 admin fee.

Note that anyone requiring accommodation to take the course will be required to arrange this on their own; it is a class-based but non-residential course.
   
   
 

For more information


This course is also available on a group booking basis. 
Should you have any queries about this seminar please contact:

 

Mike Kirkman

mike.kirkman@icmagroup.org
Phone: +44 207 213 0329

 

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"Stimulating course - helped me understand the complex dynamics that turn TA into an appealing tool for financial market analysis."
Lia Cruz, Investment Division, European Central Bank

“I found the course fascinating in getting an insight into the psychology of the market and why certain movements happened or may happen. I would have no hesitation in recommending it to anyone with an interest in financial markets.”

John Hoare, Independent Trader

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