Technical Analysis Virtual Workshop

In part one of this four-part series you’ll start an introduction into technical analysis as we discuss how supply and demand creates price-action, how price-action uncovers trends, and how you can identify and use trends to inform entry and exit decisions for potential entries and exits.  We will be using the paperMoney® stock market simulator on the thinkorswim® trading platform to aid in your learning. 

Key Takeaways:

• Explore thinkorswim charting basics and examples 
• Understand how to recognize supply and demand on a price chart 
• Learn to identify a trend  
• Understand different order types

Learning Outcome:  After this session you will have a basic working knowledge of the thinkorswim charting tools and an understanding of basic technical analysis concepts to prepare for more intermediate and advanced charting techniques. 

In part two of this four-part series, we’ll dive into candlestick charts, candlestick patterns and then move onto an introduction to studies.

Key Takeaways:

• Learn what candlestick patterns are and how they can be used 
• Identify and recognize candlestick patterns in charting examples 
• Learn how charting studies can assist in developing a more confident approach to the market  
• Understand studies - powerful tools you can use to enhance your trading 

Learning Outcome: After this session, you’ll have a solid understanding of candlestick charts, candlestick patterns and how these tools can help with decision making for both entries and exits. 

In part three of this four-part series, we introduce and demonstrate the use of target-forecasting, explain and demonstrate entries and exits, and move further into the world of technical analysis studies.  

Key Takeaways:

• Identify Price Patterns and how they are used 
• Learn how to analyze the potential price move of a stock with target forecasting 
• Use the technical indicators to help identify position sizing aiding in risk management 
• Learn how to apply charting studies on charts using thinkorswim  

Learning Outcome: After this session you will have learned more about identifying price patterns and target forecasting, all practicing paper trades in paperMoney. 

In the final session of this four-part series, we tie it all together with two popular technical analysis patterns: Bull Flags and Bear Flags.   

Key Takeaways:

• Understand how bull and bear flags can help you identify possible entries and exits 
• Put price patterns to use in your analysis 
• Use conditional orders as a possible way to set up your entry and exit for trading stocks in your portfolio 
• Test drive practical application exercises using paperMoney  

Learning Outcome: Identify bull and bear flag patterns when charting stocks to help identify potential entries and exits.  Use the concepts we have developed in order to build a foundation for more confident investing in today’s markets.