TA Copenhagen 2010

Technical analysis, with its different types of trading techniques,
is frequently used as an important tool for decision making within trading and hedging.

At this seminar you will learn more about price analysis and timing techniques when dealing with energy commodities. At the seminar we will take a closer look at electiricity, oil products, gas, coal and carbon emissions. The lectures will combine theory with practice together with experienced practitioners.

Day 1: Tuesday 27 April
09.00-09.15 Registration
09.15-17.30 Conference
19.00 Dinner

Introduction: Basic assumptions on western TA
Arguments around the assumptions on Technical Analysis
- why it works!
Dow´s theories
- Dow's 6 basic tenants on TA
- Price behaviour, key levels of support and resistance
- Trend, patterns, leading indicators and time frames
Supporting tools:
- Moving averages; MA, WMA and EMA
- Divergence and convergence
- Oscillators
- How to set them in different timeframes

Elliott, Anatomy of a trend in Structure, Formations and Ratio's
- Elliott Wave analysis - structure of 5`and 3`s
- What is Elliott supplement?
- Can this be applied in the energy Markets?
- Fractals and cycles
Fibonacci , Ratio's and math:
- Fibonacci numbers and ratios
- History and origination

Price analysis: Candlestick - techniques and combinations
- Introduction and history of candlestick
- Trading according to candlesticks
- The most important candle patterns
- Support and resistance levels - how to identify and use them?
- Combining western technical indicators with candle charts
- Reducing risk with candle charts

Momentum Indicators:
- Rate of change,
– Scenarios and momentum analysis
- Indepth analysis of the ROC indicator

Your toolbox: How to pick and combine the correct theories,
ideas and tools
- Tools and their combination
- Constructing your gameplan
- Is money-, risk- and trade management the same?

Intraday trading techniques and trend analyses
- Why these are important and work for the energy markets
- How to trade up, down and sideways-trends
- Characteristics of different trading methodologies
- What information/signals to look for?
- Typical traps and how to avoid them

Trading Strategy Design, Position Sizing and Optimization
- How to design and test automated trading strategies
- How to combine trends and pattern analysis - example strategies
that work
- How to reduce risk, maximise returns and find the right positions
- How to avoid curve fitting and other common traps

Philipp Kahler, Senior Quantitative Analyst, Intalus GmbH

Trading Psychology & Money Management Techniques

At this session we will discuss the topics of trading psychology and money management strategies. Attendants will have the opportunity to play ”The marble game”, an awakening experience for both new and seasoned traders!

- Psychological traps - streaks, gamblers fallacy, sunken cost, prospect theory, disposition effect.
- Characteristics of Trading methodologies
- Effect of draw downs, R-multiples, expectancy and opportunity.
- Position sizing techniques - Units per fixed amount of money, Equal units, Percent volatility, Percent risk, The markets money.

Johan Ginyard, Psychologist and Partner, Twoship.com

Speakers:

Tom Høvik, Head of Analysis, Montel AS
Tom Høvik is Director Analysis Division at Montel AS. He is in charge of the Technical Analysis (TA) service for the power market and the emissions market and has also been a part of all the TA courses organised by Montel since late 2000, which have been attended by several participants from different markets throughout Europe. He is based in Bergen and has been with Montel since the start of 2000. In his previous career Tom Høvik worked as a market maker, customer trader and portfolio manager within various markets - such as the FX-market, salmon market and the power market. He is also a member of STAF; The Scandinavian Association for technical analysts, since 2003 and TA has been his main practical market tool since 1985

Henrik Mikkelsen, Head of portfolio management,
Vattenfall Denmark A/S
Henrik Mikkelsen has worked in the investment industry, FX income and equities for more then 20 years. In 2004 he joined Vattenfall A/S Denmark to trade Nordic power. Today he is head of portfolio management and comments weekly on developments in the Nordic power market and power related commodities both from the technical and fundamental perspective. Throughout his career he has applied TA as a tactical and risk management tool.

Johan Ginyard, Psychologist and Partner, Twoship.com
Johan Ginyard is a Certified Psychologist specializing in behavior modification, focusing on individual and on organizational behavior and performance, especially in demanding environment. Previously, he has served in the Swedish Air Force, both as fighter pilot and psychologist, and is still connected to the aviation industry. Since 2000, he is an active partner in Twoship.com, running the successful portfolio of pension investments within the Swedish national premium pension scheme (PPM). At Twoship.com, he and his partner, T. Larsson, publish a newsletter, sharing their portfolio strategy with more than 17,000 subscribers. Further more, Twohip.com is supplying fund trading strategies/analyses to the Swedish portfolio management firm Independent Investment Group Sweden AB.

Johan Ginyard has an affiliation with the Stockholm School of Economics as a PhD student. His research areas of interest are in the field of financial risk perception/management and individual and institutional behavior and performance in the financial markets.

Philipp Kahler, Senior Quantitative Analyst, Intalus GmbH
Before joining Intalus, Philipp Kahler had been responsible for teh development of trading systems at the proprietary trading department of a large German bank. He is also author of the book "Trading strategies" (not only) for extreme situations" and frequently contributes to various trading magazines. At Intalus he is responsible for consulting with institutional customers how to develop and implement trading strategies

Terms and conditions
Payment due within 20 days from received invoice. If you are prevented from coming, a colleague can take your place. If you have to cancel your registration, an administration fee of 10% will be charged. If the cancellation takes place two weeks prior to the conference, you will be charged 50% of the price. If the cancellation takes place one week prior to the conference, total amount will be charged. Cancellations have to be in writing.