Bibliography
by PRASHANT SHAH -
— Aby, Carroll D. J. Point & Figure Charting: The Complete Guide. Grinville, SC: Traders Press Inc., 1996. — Bollinger, John. Bollinger on Bollinger Bands, New York, NY: McGraw-Hill, 2002. — Bulkowski, Thomas N. Encyclopedia of Chart Patterns. New York, NY: John Wiley & Sos, Inc., 2000. — Carney, Scott M. Harmonic Trading, Volume One: ... Read more
Swing Breakout Patterns
by PRASHANT SHAH -
In the previous chapter we discussed how all the conventional chart patterns are workable and relevant on Renko charts as well. In this chapter, we will discuss patterns that are unique to Renko charts. The formation of bricks is a unique feature of Renko charts which no other chart category possesses. The different combinations of ... Read more
Multi-brick breakout patterns
by PRASHANT SHAH -
Let us now consider multi-brick breakout patterns. We discussed double top and triple top resistance and double bottom and triple bottom support patterns in the earlier chapter. Multiple bricks at the same level represent an area or zone of either support or resistance. When the price breaks out from those important levels, it triggers a ... Read more
Anchor Bricks
by PRASHANT SHAH -
A short term trader needs to identify and trade stocks displaying momentum. In fact, all that an intraday or short term trader needs to know is momentum. The focus should be to trade stocks that are moving, and not try and guess which ones might move. This way the trader can efficiently utilise his funds ... Read more
Anchor Day
by PRASHANT SHAH -
When breakouts are being traded, it is sensible to trade the instruments having a trend day. Renko bull day-bear day classification helps us to define this. Instruments having more than 60% bull day or bear day are anchor day instruments. You can trade continuation swing breakouts, such as one-backs or two-backs, in the anchor day ... Read more
Bull & Bear Day
by PRASHANT SHAH -
Short Term Trading Strategies On any given day, there would be some instruments which are trending and there would be those which you may like based on their chart formations but which are not in action. Your trading results can be improved if you trade those patterns which have triggered a significant breakout on the ... Read more
