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
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
Brick Values for Short Term Trading
by PRASHANT SHAH -
Brick Values for Short Term Trading For shorter term positional trading, I would recommend brick values between 0.25% and 1% on daily time frame charts. Let us study some examples. Below is a daily chart of Yes bank with a 1% brick value. Trend line and extension analysis on a 1% brick value daily Renko ... Read more
Trading asset classes
by PRASHANT SHAH -
Trading Commodities, Currencies, etc. Renko chart analysis is possible on all types of markets and instruments. Below is a 0.25% brick value chart of MCX Gold shown with extensions filtered with a moving average line. 40-brick exponential moving average and extensions on a 0.25% brick value daily Renko chart of MCX Gold. 40-brick exponential ... Read more
