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Course Level
Advanced
Delivery Method
Classroom Instructor-Led Course
Professional Development Credit Hours
16
Pre-requisites
Technical Analysis for Energy Traders (TAE) or equivalent knowledge


Faculty

Richard Weissman, GARP ERP, is a veteran derivatives trader and risk manager with over 35 years of experience. A recognized global thought leader in derivatives, risk management, technical analysis, and the energy and agricultural markets, he currently serves as Chief Risk Officer and Head of System Development at The Tape Reader LLC, a multi-strategy CTA.

He is the author of two acclaimed Wiley Trading books: Mechanical Trading Systems (2004) and Trade Like a Casino (2011), the latter a finalist for the 2012 Technical Analyst Book of the Year Award.

As President of Weissman Consulting and Training, Richard provides advanced training and advisory services to traders, risk managers, and support teams at commodity firms, hedge funds, and investment banks—particularly in energy and agriculture.

A frequent speaker at international conferences, his expertise spans:

  • Commercial Hedging Strategies
  • Derivatives
  • Risk Management
  • Technical Analysis
  • Trading Psychology
  • System Development

Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org


CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.


Advanced Technical Analysis (CLASSROOM) - ATA


Course Schedule

Date Time Location Price* Registration Deadline**

*Prices do not include VAT, GST, or any other local taxes. All applicable taxes will be added to the invoice.
**Please register by the deadline to help us ensure sufficient attendance and avoid postponing the course.


Course Summary

Taught by Mr. Richard Weissman, a world-renowned author and technical trader, this two-day live course is filled with techniques, analysis and insights that only his 35 plus years of trading experience can bring. This 2-day program will provide you with a comprehensive understanding of various strategies employed in the field of advanced technical analysis, and how and when to use them. 

Topics covered include:

  • Integrating volatility studies with traditional mathematical technical analysis.
  • Weissman’s Risk Management Pyramid: stop losses, volumetric limits, VaR limits, correlation analysis, stress testing and fixed fractional money management.
  • Trend exhaustion indicators including TD Sequential and TD Combo.
  • Using TD Points, TD Trendlines, TD Setup Trend and TD Risk Lines.
  • High-Frequency (aka “scalping”) Techniques: Timeframe divergence, cycles in volatility
  • Timing Inefficiency edges: NR7, IDNR4, Turtle Soup, Holy Grail, Opening Range Breakout, Taylor 3-Day Cycle
  • Dark Pools, Icebergs, VWAP, TWAP, and low latency trading
  • Real-time system development and optimization exercise with CQG software.
  • Combining non-correlated trading systems.
  • Regret Minimization Techniques: What they are and how to apply them to trend-following and countertrend models.

Who Should Attend?

This course applies to individuals at all levels of the commodities industry including producers, consumers, physical traders, derivatives traders and trade support staff. Professionals from: commercial hedgers, marketers, end-users, banks, hedge funds, employees of futures exchanges, futures commission merchants, data vendors, pricing publications and government agencies.


Course Content

Day 1:

Session 1: Trader Psychology and Technical Analysis

  • Behavioral finance and technical analysis - How technical analysis exploits irrational markets 
  • Trader Psychology, Market Cycles & Risk Attitudes: 
    1. How various risk attitudes map to phases in a market cycle: doldrums, trending, euphoric, crashing, choppy
    2. The four attitudes towards Risk: 
      • Risk Avoidant
      • Risk Averse
      • Recklessness
      • Risk Seeking: How building a rule-based techno-fundamental system fosters healthy risk seeking

Session 2: Risk Management 

  • Weissman’s Risk Management Pyramid:
    1. Volumetric and stop loss methods
    2. Portfolio-level Risk Management 
      • VaR (volatility, correlations & probability) 
      • Stress Testing 
    3. Anti-Martingales (including Fixed Fractional position sizing) 

Session 3: Developing Trading Models with CQG Software

  • Programming Issues in system development:
    1. Theory Checking, Spot Checking
    2. Backtesting and forward testing 
    3. Optimization studies
    4. Other pitfalls

Session 4: Developing Mechanical Trading Systems

Using this real-time trading system development simulation attendees will analyze a commodity, develop a market opinion regarding which type (trending, mean reverting) of trading system will outperform over the next twenty-four hours and learn how other systems performed.

Session 5: Regret Minimization Techniques

What can we do to make it easier to follow our trading rules?  Since the most common reason traders abandon discipline is regret over losses and /or missed opportunities this session offers various methods to counter these self-destructive tendencies.  Particular emphasis is placed on techniques to minimize regret for trend-following as well as short-term traders.

Session 6: Algo & System Driven Markets: What Changed & How Humans Adapt

How Algos Think: Liquidity‑seeking vs arbitrage vs execution algos.

The Rise of CTA/Systematic Flows: Momentum triggers, volatility targeting.

Human Edge in an Automated Market: Narrative interpretation, cross‑market synthesis, optionality insight.

Tactics for Human Traders: Patience vs aggression, execution strategy, gaming liquidity cycles.

Day 2:

Session 1: DeMark Indicators and Trading Systems

This session explores the major indicators used by Tom DeMark including:

  • TD Sequential 
  • TD Combo
  • TD Set Up Trend
  • TD Risk Lines
  • TD Points
  • TD Trendlines

Session 2: Optimization, Curve Fitting, Backtesting and Forward Testing 

This session examines various methods to ensure the robustness of a mechanical trading system including backtesting and forward testing.  Emphasis will be placed on elimination of suboptimal parameter sets, data integrity issues, liquidity risk as well as various curve-fitting problems (parameter and data curve-fitting). The session closes with an in-depth examination of backtesting and forward testing as well as the development and implementation of trading system “failsafes” based on losses, drawdowns and paradigm shifts.

Session 3: Trader Psychology and Matching the Trading System to the Trader 

This session explores trader psychology, the importance of even-mindedness, non-attachment to the trade’s outcome and elimination of conflicting beliefs regarding trading for a living.  In addition, it dispels the myth of trading systems as a, “one size fits all” proposition through a detailed exposition of various long-term, intermediate-term, swing and day trading systems.  Special focus is placed on psychological issues such as, “fading the crowd”, “screen burnout”, “buying new highs” and “selling new lows”.  We’ll close the session by examining realistic performance expectations for various systems based on peak-to-valley equity drawdowns, winning percentages, average trade duration, average “flat” time and longest drawdown duration prior to achievement of new equity highs. 

Session 4: Technical Analysis for Modern Markets

Market Microstructure 2.0: Order book dynamics, sweepers, iceberg replenishment, spoofing indicators.

Trend, Momentum & Positioning: Understanding CTA/system behavior – comparing structural edges (long-term trend-following) vs. tactical edges (ORB, IDNR4, NR7, Turtle Soup)

Volatility‑Based Analysis: ATR, implied vs realized vol, skew.

Pattern Recognition in Algorithmic Markets: Identifying false breaks, stop-runs and volume-weighted signals.

Session 5: Enhancing Performance by Combining Non-Correlated Trading Systems

The session shows how performance can be enhanced through three types of diversification: asset class, parameter set and trading system.  We then explore the pros and cons of each type of diversification method. Finally, we examine how combining uncorrelated trading systems allows us to expand beyond our natural comfort zones as traders, thereby allowing us to systematically overcome psychological limitations regarding the type of market action we can capitalize on.

Session 6: Market Cycle Trading Simulation

We’ll close the course with this interactive trading simulation that examines a CTA -driven liquidation cycle - the transition from orderly trending to parabolic acceleration and ultimately to a market crash.  Participants will be evaluated on their ability to execute trades systematically with minimal slippage, enforce disciplined drawdown control and optimize risk-adjusted returns across a diversified portfolio as price action, technical indicators, correlations and volatility evolve throughout the exercise.

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