Day 1

Course summary and overview

Reading material and course pack

Using the PW website

Futures markets (Introduction, History, Contracts, Indices)

What moves the market?

Role of the futures market

Market Participants

Futures exchanges

Typical trading day

Trading at Pelican West

How to develop a trading style

Day 2

Overview of technical analysis (theory, practice, limitations)

How professionals use technical analysis

Using professional charting systems

Chart construction (Bars, Candlesticks, point and figure)

Psychology of technical analysis

Support and resistance (identifying, using, trading)

Trends (identifying, using, trading)

Trend Channels

Reversal Patterns

Continuation Patterns

Day 3

Introduction to fundamental analysis and its importance to traders

Fundamentals that move the futures market

Linking fundamental to technical analysis

How to access the Big Picture

Interpreting economic comments

How traders interpret economic figures

How company earnings affect indices

Introduction to Market Profile

Using the Market Profile for effective day trading

Day types, open types, Two big questions in trading

Market Profile examples

Strategies for trading the Market Profile

Day 4

Overview of Simulator trading

Over view of the trading desk

Money Management

Risk Management

Overview of trading costs and pitfalls

How to develop a trading plan and business plan

Day 5

Simulator Trading

Trading system

Using TT X-trader, Trade, order, and fill book

Managing a trade position

Capacities of a successful trader

The mental challenges to trading

Mental Approach to trading

Creating an ideal trading state

Setting and achieving trading goals

Setting daily habits rituals and success routines

Developing Trading Rules

Simulated trading on Pelican West trading floor

Day 6

Simulated trading

Using the trade analyzer

Successful trading strategies used by professional futures traders

Developing an winning approach to trading

Planning the trading day

Preparing for the trading day

End of day review process

Day 7

Simulated trading

Visualization Techniques

Focusing on trading process

Developing a Trading Success Strategy

Trade preparation, spot, manage and review

Developing a disciplined and rounded approach to trading

Learning from and overcoming common trading mistakes

Skills you don’t need (i.e. Controlling fear and greed)

Identifying negative/positive self talk

Trading Strategy Questions

Day 8

Simulated trading

Advanced technical analysis

Spread trading programs

Working with Pivots

Using retracements

RSI/MA/Volume and Open Interest

Advanced market profile

Day 9

Simulated trading

Review of the week

Day 10