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The objective of this bachelor thesis is the application of the principles and procedures of technical analysis and the creation of own business strategy in a selected financial market. It explains the selection of a suitable platform for performing the analysis. It shows individual basic as well as advanced tools for a technical analysis. It introduces the specifications of individual selected tools and shows the principles on which they work. This thesis is mainly focused on the building of a business strategy based on a technical analysis of the selected financial market.The developed strategy involves the use of the mathematical tool Fibonacci retracement for the analysis of price levels. Other indicators are used together with this tool - exponential and simple moving averages and Parabolic SAR. Trading rules are established that include money and risk and reward management. The technical analysis is performed on the DAX and S&P500 stock market indices. Daily, four-hour and hourly timeframes are examined for individual indices. The results of the technical analysis are compared with market performance, which means the market earnings for the entire analyzed period. |
