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
Brick Zone
by PRASHANT SHAH -
Bullish patterns can be traded when the brick count indicator is in a bullish zone while bearish patterns can be traded when it is in a bearish zone. For better visual appearance, the brick zone indicator is plotted by subtracting the number of bearish bricks from the number of bullish bricks. The formula for plotting ... Read more
Process Oriented Trading
by PRASHANT SHAH -
All great and successful traders stress on the importance of process, rules and discipline. Consistent success is achieved by defining the processes. I believe Renko charts can help you to a great extent in this regard because of their simplicity, the objective price patterns they throw up, and the possibility of creating objective trading systems ... Read more
How to start
by PRASHANT SHAH -
How to Start Trading with Renko Charts In the book we have discussed many methods which I hope have familiarized you with Renko charts and the different possibilities of trading them. How does one start? I followed a comprehensive approach because all types of traders should be able to pick what suits them. Some people ... Read more
