2014IFTASyllabusV3

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IFTA,CFTeI&IISyllabus(Effective1May2014)

NOTE:Recommendedliteratureandstudyguidelineswillbeaddedsoon.

Lastupdated:12/11/2012(vers.3) Page1of10

1 HISTORYOFTECHNICALANALYSIS............................................................................................. 2

2 PHILOSOPHYOFTECHNICALANALYSISANDMARKETS ........................................................... 2

3 CHARTCONSTRUCTION ............................................................................................................... 2

4 DOWTHEORY................................................................................................................................ 2

5 CONCEPTSOFTREND ................................................................................................................... 3

6 CLASSICALBARCHARTPATTERNS.............................................................................................. 3

7 SHORTTERMPRICEPATTERNS ................................................................................................... 4

8 POINTANDFIGURESCHARTING.................................................................................................. 4

9 CANDLESTICKCHARTING ............................................................................................................ 5

10 ICHIMOKUCHARTS....................................................................................................................... 5

11 OTHERCHARTINGMETHODS ...................................................................................................... 5

12 MARKETPROFILE.......................................................................................................................... 6

13 ELLIOTTWAVETHEORY ............................................................................................................... 6

14 BASICELEMENTSOFGANNTHEORY .......................................................................................... 6

15 BASICQUANTITATIVETECHNIQUES............................................................................................ 6

16 MOVINGAVERAGES...................................................................................................................... 7

17 OSCILLATORSANDCONTRARYOPINION ................................................................................... 7

18 RELATIVESTRENGTH.................................................................................................................... 8

19 TIMECYCLES ................................................................................................................................. 8

20 VOLUMEANDSTOCKMARKETINDICATORS.............................................................................. 8

21 OTHERTECHNICALIDEAS ............................................................................................................ 9

22 TECHNICALSYSTEMS ................................................................................................................... 9

23 ACADEMICFINDINGSONTA.......................................................................................................10 24 SENTIMENTANDCONTRARYOPINION......................................................................................10

25 BEHAVIORALFINANCE&INVESTMENTPSYCHOLOGY.............................................................10

26 ETHICS ..........................................................................................................................................10






1 HistoryofTechnicalAnalysis

• Earlydays:Dow,Schabaker,Wykoff

• MajorPublications

2 PhilosophyofTechnicalAnalysisandMarkets

• TechnicalversusFundamentalForecasting

• TechnicalApproachtoTradingandInvesting

• Whatisatrendandhowaretheyidentified?

• SupplyandDemand

• AssumptionsofTechnicalAnalysis

• RandomWalkTheory,FatTails,ProportionofScale

• MarketEfficiency,PredictionoftheFuture

• CriticismofTechnicalAnalysis

• FinancialMarketsandtheBusinessCycles

3 ChartConstruction• TypesofCharts:Line,Bar,Candle,PointandFigures

• ConstructionofCharts

• ArithmeticorLogarithmicScale

• Volume,OpenInterest

• TimeFrame

4 DowTheory

• BasicIdeas

• ClosingPricesandLines

• PrimaryTrend,SecondaryTrend,MinorTrend

• ConceptofConfirmation

• ImportanceofVolume

• TheDowTheory’sDefects






5 ConceptsofTrend

• DefinitionofTrend

• DirectionsofTrend

• SupportandResistance

• TrendlinesandChannels

• MajorTrendlines

• FanPrinciples

• Strengthofatrend

• PercentageRetracements

• ConsolidationsandCorrections

• Breakouts

• SpeedLines

• UnconventionalTrendlines

• InternalTrendlines

• Regression

• Howdoespsychologyimpacttrends

6 ClassicalBarChartPatterns

• Basics

• PsychologyandPatterns

• ReversalandContinuationPatterns

• PatternsandVolume

• PatternsandPriceObjectives/measuredmoves

• HeadandShoulderPatterns(normalandreversed)

• DoubleTopsandBottoms

• TripleTopsandBottoms

• Roundingtopsandbottoms

• SaucersandSpikes






• Triangles(symmetrical,ascending,descending)

• DiamondTops

• BroadeningFormation

• FlagsandPennants

• WedgeFormation

• RectangleFormation

• Gaps

7 ShortTermPricePatterns

• BasicsandPatternconstruction

• Gaps

• Spike(widerangebar,lowrangebar)

• Deadcatbounce

• Islandreversal

• ReversalDaysRunDays

• ThrustDays

• Two-barorthree-barpatterns

8 PointandFiguresCharting

• Basics

• ChartConstruction:TimeandVolumeOmitted

• BoxCount

• BoxSizeandReversalFilter

• PricePatterns:Breakouts,DoubleTops,TripleTops

• SupportandResistance

• Trendlines

• MeasuringTechniquesandPriceObjectives

• PointandFiguresandRelativeStrength

• PointandFiguresandotherTechnicalIndicators






9 CandleStickCharting

• Basics

• ChartConstruction

• BullishReversalPatterns(i.e.Hammer,EngulfingPatterns,Harami...)

• BearishReversalPatterns(i.e.HangingMan,EngulfingPattern,DarkCloudpattern...)

• BullishContinuationPatters(i.e.separatingLines,upsideTasukigap,...)

• BearishContinuationPatterns(i.e.separatingline,threelinestrike...)

• CandlePatternsandFilters

10 IchimokuCharts

• Basics

• ChartandCloudConstruction

• TurningLine

• StandardLine

• Span1

• Span2

• LaggingLine

• Interpretationofclouds

11 OtherChartingMethods

• Equivolume

• Swingcharts

• KagiCharts

• RenkoCharts

• ThreeLineBreakCharts

• HeikinAshiCharts

• DrummondGeometry






12 MarketProfile

• Basics,Constructionandgraphics

• MarketProfileorganizingPrinciples

• RangeDevelopmentandProfilePatterns:Normalday,Trendday,neutralday,nontrendday,doubledistributionday

• TPO

• PointofControl

• ValueArea

13 ElliottWaveTheory

• BasicsandHistory

• PrinciplesofWaveCounting

• CorrectiveWaves

• RuleofAlternation

• Channelling

• Wave4

• FibonacciNumbers,RatiosandRetracements

• FibonacciTimeTargets

14 BasicElementsofGannTheory

• BasicsandHistory

• GannFanLines

• FibonaccinumbersandGannlines

• GannTwo-DaySwingMethod

15 BasicQuantitativeTechniques

• Mean,Variance,Skewness

• FrequencyandProbability

• BasicTimeSeriesConcepts

• RandomWalkTheory






• YieldMathConcepts

• TimeValueofMoney/PresentValueConcept

• Compounding

• PerformanceMeasurement

• Testprocedures

16 MovingAverages

• Different Types of Moving Averages (Simple, Weighted, Exponential, Geometric,Triangular...)

• MovingAverageEnvelopes

• MovingAveragecrossovers

• BollingerBands

• BollingerBandsandBandwidth

• MovingAveragesandCycles

• EstimatingtheLengthofaMovingAverage

• AdaptiveMovingAverage

17 OscillatorsandContraryOpinion

• PrinciplesofOscillation

• OscillatorusageandTrend

• MeasuringMomentum

• RateofChange

• DoubleMovingAverages

• CommodityChannelIndex

• RelativeStrengthIndex

• Stochastics

• Williams%R

• DirectionalMovementIndicator

• Parabolics

• MovingAverageConvergence/Divergence(indicatorandhistogram)






18 RelativeStrength

• Basics

• Ratios,Spreads,Rankings,

• RelativeStrengthLevy

• ComparativeRelativeStrength

• RelativePerformance

• HowtoInterpretRelativeStrengthCharts

19 TimeCycles

• Basics

• CycleConcept

• Amplitude,Length,Phase,Harmonicity,Synchronicity

• Detrending

• DominantCycles

• CyclesandTrends

• LeftandRightTranslation

• HowtoEstimateCycles

• Seasonalities

• StockMarketCycles

• FourierAnalysis

• MaximumEntrophySpectralAnalysis

20 VolumeandStockMarketIndicators

• MeasuringVolumeandOpenInterest

• VolumeandChartPatterns

• VolumeSignals

• OnBalanceVolume

• VolumeAccumulator






• MeasuringMarketBreadth

• ComparingMarketAverages

• Advance-DeclineLineandDivergence

• DifferentTimeframes

• McClellanOscillator

• NewHighsVersusNewLows

• UpsideversusDownsideVolume

• ArmsIndex

• TRINandTICK

• EquivolumeCharting

21 OthertechnicalIdeas

• CoTDataFiltering

• Trendindicators

• VolatilityIndicators

• Range/MomentumIndicators

• CyclicalIndicators

• HurstExponent

• DeMarkIndicators=fixedPatternsystems

22 TechnicalSystems

• Construction

• Typicalelements

• Propertesting

• Evaluation

• Optimisation

• Typicalsystems






23 AcademicfindingsonTA

• Testingprocedures

• Testingobjectives

• EfficientMarketHypotheses

24 SentimentandContraryOpinion

• PrincipleofcontrarianOpinion

• CrowdBehaviourandtheConceptofContraryOpinion

• InvestorSentimentreadings

• InvestorIntelligenceNumbers

• CommitmentsofTradesReport

• NetTradersPositions

• OpenInterestinOptions

• Put/CallRatios

• Polls

• Insiders

• InvestorsPsychology–IndividualandGroup

25 BehaviouralFinance&Investmentpsychology

• ProspectTheory

• TypicalBehaviouralEffects

• SingleInvestorsBehaviour

26 Ethics

Documents

2014IFTASyllabusV3