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Technical analysis

Technical Analysis Training

Four programmes from beginner to advanced: Introduction to Technical Analysis (TAG), Intermediate (ODTA), Advanced (İDTA) and Risk-Management-Based Analysis (RİYTA). The topic lists below are the lessons actually taught — not marketing copy.

Prerequisite: Financial Literacy (FOYE) — the market concepts are established there.

← Finance training

FOYE TAG ODTA İDTA RİYTA risk + behaviour HİSTA equity basics

Order

Indicators do not come first

  1. 1

    Identity

    Are you a trader or an investor? Over what horizon?

  2. 2

    Risk appetite

    How much are you willing to lose — and divide it.

  3. 3

    Portfolio

    Not all eggs in one basket.

  4. 4

    Period

    Work in the chart period that fits your profile.

  5. 5

    Fundamentals

    Decides WHAT you invest in.

  6. 6

    Technicals

    Decides WHEN you buy and sell.

  7. 7

    Strategy

    Build it, then apply it with discipline.

Position

Technical analysis is not a crystal ball

What it is not

  • A crystal ball
  • A tool for selling hope
  • An answer to “where will the price be tomorrow”
  • A replacement for fundamental analysis
  • A method concerned with causes

What it is

  • A very good tool for setting strategy
  • A way to set targets you can justify
  • A study grounded in past price action
  • A surface on which crowd psychology can be read
  • An approach concerned with outcomes

Programmes

Four programmes, with their topics

  • TAG

    Introduction to Technical Analysis

    approx. 10–12 hours

    How to read a chart, how to draw a trend, and what technical analysis can and cannot answer.

    Topics

    Core concepts

    • Technical or fundamental analysis — does one have to choose?
    • Is technical analysis for predicting price, or for building a strategy?
    • How is a strategy built with technical analysis, and to what end?
    • The underlying assumptions of technical analysis
    • Does it work because everyone runs the same analysis? (self-fulfilling prophecy)
    • How prices form: supply, demand and tick data

    Charts

    • The parts of a chart
    • From tick data to chart periods
    • Chart types: line, bar, candle
    • Linear and logarithmic scales: when to use which
    • Which chart period should you follow?

    Support and resistance

    • How support and resistance form, and the psychology behind them
    • How to identify levels correctly — and the critical warnings
    • What makes a level strong
    • What a strong level means and how to read it

    Dow theory

    • The foundation: Dow theory
    • What “the averages discount everything” actually means (not moving averages)
    • The three kinds of trend and the three phases
    • Averages confirming one another — what is really meant
    • Volume confirming the trend
    • A trend continues until there is definite evidence it has ended

    Trend and channel analysis

    • How to draw trend lines — and the single biggest mistake made while doing it
    • How to test whether you drew it correctly
    • The strength of rising and falling trend lines, their tests and breaks
    • Pull-backs and traps
    • Why channels are needed and how to draw one correctly
    • Why the midline of a channel matters
    • Fibonacci channels

    Closing

    • Managing your money: the stop-loss, and portfolio management
  • ODTA

    Intermediate Technical Analysis

    approx. 13–15 hours

    Patterns, moving averages and indicators — each with its confirmation and invalidation conditions.

    Topics

    Patterns I — confirmation, invalidation, strategy

    • What a chart pattern is
    • Why telling reversal from continuation patterns matters
    • Triangles: symmetrical, ascending, descending
    • Diamonds
    • Wedges, in both falling and rising trends

    Patterns II

    • Flags and pennants, and their inverses
    • Double and multiple tops and bottoms
    • Head and shoulders, and inverse head and shoulders
    • Rounding bottoms
    • Cup and handle, and its inverse

    Moving averages

    • Why a moving average moves
    • Simple, weighted and exponential moving averages
    • Golden cross and death cross — and how to build a strategy around them
    • Strategies based on where price sits relative to the average
    • Two averages relative to each other: converging and diverging
    • The direction and slope of the average
    • What to do when a supporting average breaks, or a resisting one is cleared

    Indicators I

    • What an indicator is — and the critical warnings
    • When to reach for an indicator at all
    • How to tell a good indicator from a bad one
    • MACD as a summary of two moving averages
    • Momentum, and trend work on momentum itself
    • RSI, and trend work on RSI itself

    Indicators II and III

    • Stochastic and Stochastic RSI
    • MOST and OTT
    • ATR and its use in setting a stop-loss
    • Positive and negative divergences
    • Running technical analysis on the averages themselves
    • What to watch for when analysing indicators technically
  • İDTA

    Advanced Technical Analysis

    approx. 20–22 hours

    The step from using indicators to writing them: adaptive smoothing, volatility-aware bands, fractals and Elliott.

    Topics

    Advanced trend analysis

    • How to notice you are in a moment of FOMO
    • Taking FOMO points into account when drawing trends
    • Identifying the best possible entry and exit levels
    • Gann fans
    • Fibonacci time and cycle analysis

    Advanced channel analysis

    • Regression channels
    • Disjoint channels
    • Nested channels and how to read them
    • Prospective channels

    Patterns

    • Diamond
    • Rounding bottom
    • Cup and handle, and its inverse
    • Candlestick patterns

    Advanced work on moving averages

    • What happens when a supporting average breaks — in one period, and in a higher timeframe?
    • What happens when a resisting average is cleared?
    • Technical analysis run on the averages themselves
    • DEMA (double exponential moving average)
    • The Tillson moving average
    • TiCC — an indicator of my own, shared with source

    Advanced indicators

    • MOST
    • ATR
    • VIDYA MACD — shared with source
    • Bollinger Bands %B
    • Bollinger Bands %B VIDYA — an indicator of my own, shared with source
    • The Ichimoku cloud
    • Linear regression and its slope

    Advanced work on indicators

    • Analysing indicators technically — and the critical warnings
    • Guarding against false signals produced in sideways markets
    • Correlation analysis
    • Pair analysis
    • Making indicators steadier — smoothing them
    • SORS (smoothed RSI) — an indicator of my own, shared with source
    • Making indicators sensitive to volatility
    • Adaptive MOST — an indicator of my own, shared with source
    • Working across multiple timeframes with averages and indicators

    Fractals and an introduction to Elliott wave theory

    • What fractal structures are, and what they correspond to in markets
    • The difference between a fractal and a merely similar structure
    • Examples of both in real markets
    • An introduction to Elliott wave theory

    Setting price targets with Fibonacci tools

    • Targets in rising trends, per Dow and Elliott
    • Targets in falling trends
  • RİYTA

    Risk-Management-Based Analysis

    approx. 5–6 hours

    The core of the curriculum. Risk management is built as a quality cycle — plan, do, check, act — with behavioural finance placed inside it.

    Topics

    Plan

    • Why are you trading at all? Determining your profile
    • What risk appetite is — and what yours is
    • What it means to divide your risk appetite, and why and how you should
    • Which chart period fits your profile

    Do — behavioural finance

    • Your two greatest enemies in the market: fear and hope
    • Optimism bias: it falls when I buy and rises when I sell — why?
    • The easiest way to handle fear and hope: risk management

    Check — monitoring

    • What a stop-loss is; what a trading stop is and how it is applied
    • Trailing and dynamic stop-losses
    • Setting a stop with moving averages and ATR
    • How to determine a take-profit level
    • Following the news, and periodic technical review

    Act

    • Learning from mistakes
    • Managing equity and currency risk with derivatives

This page is a training curriculum. It contains no investment advice, no trading signals and no portfolio management service.

Other groups

The other finance programmes

Questions

Questions about this page

What programmes make up the technical analysis training?

Four: TAG (introduction to technical analysis), ODTA (intermediate), İDTA (advanced) and RİYTA (risk-management-based analysis). They are not alternatives to one another — they stack. The prerequisite is the financial literacy programme (FOYE).

Why are indicators not taught first?

Because teaching indicators to someone who has not settled their identity and risk appetite does not work. The order is: identity, risk appetite, portfolio, chart period, fundamentals, technicals, strategy. Indicators and chart patterns come after those seven steps.

What does the advanced programme cover?

İDTA covers the step from using indicators to writing them: regression and nested channels, adaptive smoothing, volatility-aware bands, guarding against false signals in sideways markets, fractal structures and an introduction to Elliott wave theory. Indicators of my own — SORS, Adaptive MOST and Bollinger %B VIDYA — are shared with their source code.