CMT Level I 2013 Summary
CMT Level I 2013 Summary
Exam length: Exam format: Number of questions: Exam date: Estimated passing score: Exam reading assignments Course study notes: Course multiple choice questions:
2 hours and 15 min Multiple Choice 132 (12 unscored) Sping and Fall Not disclosed 1711 pages 345 pages 1188
CMT Level I:
CMT Level I is a computer-based test automatically graded so you receive your qualifications in the test center. The level I test has a total length of 2 hours and 15 minutes with a total of 132 multiple choice questions (12 unscored). Level I candidates are responsible for 1,680 pages of reading assignments distributed in four books. The exams for all 3 levels are administered twice a year, once during the Spring and again in the Fall, so you have approximately 6 months to prepare for the following level. The passing score is not disclosed.
Study Notes:
All the information needed to take the test is included in our Study Notes. Besides, the great number of multiple choice questions, included in study notes, will give you the practice skill you need to empower your confidence when taking the test. Study Notes and Practice Tests can be purchased independently or in the same pack, with a discount of 78 (approximately 15%). Study Notes (theory). Practice Notes (Multiple choice questions). Study Notes + Practice Notes. 286. 286. 572. 494.
Books.
"Las voces de los maestros de los mercados financieros". Published by Millenium Capital in 2006.
"Todo lo que hay que saber sobre Candlesticks. Un enfoque moderno". Published by Millenium Capital in 2011.
0. CODE OF ETHICS.
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2.5. Short-term and long-term cycles in real markets. 2.5.1. Short-term cycles, temporal or stationary patterns. 2.5.2. Long-term cycles. 2.6. Theories of Market Structure: Elliott, Fibonacci and Gann. 2.6.1. Elliott Wave Theory (EWT). 2.6.2. Impulse Waves. 2.6.3. Corrective Waves. 2.6.4. Guidelines and general characteristics of EWT. 2.6.5. Projected Targets and Retracements. 2.6.6. Using EWT. 2.6.7. Fibonacci Sequence. 2.6.8. William Delbert Gann.
5.3.7. Symmetrical triangles (also Coil or Isosceles triangle). 5.3.8. Breakout rules in Standard triangles. 5.3.9. Broadening patterns. 5.3.10. Diamond Top. 5.4. Smaller price patterns. 5.4.1. Wedges (classical pattern). 5.4.2. Wedge and Climax (Kirkpatrick) 5.4.3. Rounding tops and rounding bottoms. 5.4.4. Flags and Pennants (Half-mast formations). 5.5. Chartism Case Studies. 5.5.1. A case study of Apple Computers (Charles Kirkpatrick). 5.5.2. A case study of Spanish Index IBEX-35. 5.6. Volume. 5.6.1. What is Volume? 5.6.2. General rules regarding volume. 5.6.3. Volume spikes and volume dips. 5.7. Open Interest.
8.2. Trading Management (Edwards and Magee). 8.2.1. Two touchy questions: Leverage and Equity Short Selling. 8.2.2. Stop orders: Protective and progressive stops. 8.2.3. Not all in one basket. 8.2.4. Balanced and Diversified. 8.2.5. Trial and Error. 8.2.6. Stick to your guns. 8.2.7. How much capital to use in trading? 8.2.8. Application of capital (Asset Allocation) in practice. 8.2.9. Portfolio Risk Management. 8.3. System Design and Testing. (Kirkpatrick). 8.3.1. Mechanical (NonDiscretionary) versus Discretionary Systems. 8.3.2. Designing a Trading System. 8.3.3. Types of Technical Systems. 8.3.4. Testing a System: Special Data Problems. 8.3.5. Optimization. 8.3.6. Backtesting and Measuring Results for Robustness. 8.3.7. What is a good trading system? 8.4. Money and Risk Management (Kirkpatrick). 8.4.1. Risk and Money Management. 8.4.2. Testing money management strategies. 8.4.3. Money Management Risks. 8.4.4. Protective Stops. 8.4.5. Trailing Stops. 8.4.6. Profit Target and other Stops. 8.4.7. Monitoring systems and portfolios. 8.5. Basic Statistics (Kirkpatrick and Bauer). 8.5.1. Descriptive Statistics. 8.5.2. Modern Portfolio Theory. 8.5.3. Performance Measure and Artificial Intelligence. 8.6. Types of orders and other trader terminology (Kirkpatrick). 8.7.1. Trading glossary. 8.7.2. An Order Ticket.
9.2.2. 1-box reversal charts. 9.2.3. 3-box reversal charts. 9.2.4. 2-box and 5-box reversal charts. 9.2.5. Close Only Method vs. High/Low Method. 9.2.6. Log scale vs. Arithmetic scale Point and Figure Charts. 9.3. Understanding Point and Figure charts. 9.3.1. Point and Figure Signals. 9.3.2. Double-top and Double-bottom. 9.3.3. Triple-top and Triple-bottom. 9.3.4. The strength of the pattern. 9.3.5. Catapult patterns. 9.3.6. Triangles. 9.3.7. Traps and Shakeouts. 9.3.8. Broadening patterns. 9.3.9. Bullish and Bearish pattern reversed. 9.3.10. Poles. 9.3.11. Congestion Analysis. 9.3.12. Trendlines on Point and Figure charts. 9.3.13. Point and Figure charts Summary. 9.4. Projecting Price Targets. 9.4.1. Horizontal counts on 1-box reversal charts. 9.4.2. Horizontal counts on 3-box reversal charts. 9.4.3. Vertical counts on 3-box reversal charts. 9.4.4. Things you should know about Point and Figure counts. 9.4.5. Counts on log scale. 9.4.6. Risk and Reward. 9.4.7. Summary.