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
Selecting Brick-value
by PRASHANT SHAH -
Selecting appropriate Brick-value All trading methods that we have discussed thus far are applicable on all brick values and time frames. Your trading style and trading time frame decide the brick value that you will use. Learning the patterns and other methods of analysis gives one a better understanding of using the appropriate brick value. ... Read more
Shadows
by PRASHANT SHAH -
As discussed in Chapter 1, every Renko brick consists of two prices — and is built by connecting the two prices. This is an important feature of Renko charts. Diagonal plotting of bricks gives us an opportunity to plot shadows. The biggest problem associated with Renko charts is that we can’t see the intraday price ... Read more
Position Sizing
by PRASHANT SHAH -
Position sizing is a key determinant of the returns returns that a trader can generate on his capital. Position sizing is nothing but a logical way to determine how many shares or how many contracts of an instrument should a trader buy or sell in each trade; in other words, what is the correct size ... Read more
