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
Swing Line Indicator
by PRASHANT SHAH -
Swing breakout patterns are extremely useful for traders using the Renko charts.When price exceeds immediate previous swing high, it is called as a bullish swing breakout. When price falls below immediate previous swing low, it is called as a bearish swing breakout.The image displayed below captures the bullish and bearish swing breakouts.From a trading perspective, ... Read more
Trading Stories
by PRASHANT SHAH -
Real-Life Trading Stories Let me conclude by sharing with the stories of two real-life traders who have had a great impact on me. Story 1 In 2005, I used to work in a broking firm and my job included opening demat accounts for clients. I opened an account for a North Indian client settled in ... Read more
Brick Values for Long Term Trading
by PRASHANT SHAH -
Brick Values for Long Term Trading Generally speaking, an investment is made keeping a longer time horizon in mind. I recommend tracking 3% to 5% brick value charts on daily time frames for long term horizons, especially for mid cap and small cap stocks. Breakouts from horizontal formations on these charts are a very useful ... Read more
