Technical analysis & trading techniques

Technical Analysis &
trading techniques
for power and energy commodities

Prague, Czech Republic
8-9 December 2009

Day 1: Tuesday 8 December
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

Interactive session:
Putting theory into practice. Live system trading with live charts
– How to use various tools and techniques run through during the seminar

Trading Psychology - The Inner Game of Power Trading

- Trading decisions in between reason, intuition and emotions
- Information processing in a complex world
- Successful decisions from the point of not-knowing
- Mastering the emotional roller coaster to become sustainable successful
- Beat the market or play the market – how you can stay in the game

Monika Müller, FCM Finanz Coaching, Wiesbaden, Germany

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, Portfolio Manager, Vattenfall 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 a technical analysis and fundamental perspective. Throughout his career he has applied TA as an analytical input and risk management tool.

Philipp Kahler, Senior Quantitative Analyst, Intalus GmbH, Berlin, Germany
Before joining Intalus, Philipp Kahler had been responsible for the development of trading systems at the proprietary trading department of a large German bank. He is 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 on how to develop and implement trading strategies.

Monika Müller is founder and managing director of FCM. She specializes in investment firm organisational development, the coaching of high performance investment teams, and mental coaching for traders and portfolio managers. She holds a MCC (Master Certified Coach; ICF) and a master’s degree in psychology. Her passion is providing clients with cutting-edge solutions.

About the event
Technical analysis, with its different types of trading technique,
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 and in the interactive session on day two we will go thorugh the tools and techniques learned on day one together with experienced practitioners.

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

Seminar registration .
Please enter your details in the registration form below. Please note that the terms and conditions presented above are applied on all bookings.