Technical Analysis for Energy Traders

Overview

With more than 30 years of experience developing trading models for energy markets and two highly acclaimed trading books to his name, let one of the great minds in technical analysis, Richard Weissman show you how this extraordinarily valuable set of tools can improve your bottom line. Throughout this course, we will explore strengths, weaknesses, and variations of the major technical indicators and techniques used by energy professionals today. Energy-focused traders and risk managers will gain a thorough understanding of the most popular and successful techniques and how they can be applied to their specific business. You’ll leave this course with an integrated framework for incorporating technical analysis into energy trading and risk management.

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What You Will Learn

  • Using technical analysis to develop Weissman’s, “Casino Paradigm” – a positive expectancy method, combined with robust risk management along with a disciplined psychological attitude towards energy trading
  • How technical analysis aids in identifying Weissman’s “Golden Ticket” (low risk, high reward, high probability) setups
  • How technical analysis is used for trading, quantifying, and managing risk
  • How to incorporate technical analysis with fundamental analysis
  • Using trend lines, Japanese Candlesticks, support and resistance, and retracement levels
  • How to analyze and incorporate volume and open interest
  • Calculating and using moving averages and MACD
  • Using DMI, ADX, ATR, RSI, Momentum, and Bollinger Bands
  • How to combine indicators and approaches
  • Hedging and speculating exercises with technical analysis
  • Mechanical trading system development: trend-following, counter-trend, and combining non-correlated trading systems
  • Classical and candlestick reversal patterns
  • Using real-time and historical trading exercises to solidify your understanding of technical analysis