Brick Reversal
by PRASHANT SHAH -
Having read thus far, you are now in a better position to trade even simple brick reversals. Brick reversals offer trades with affordable stops. With growing proficiency in reading a chart, you will be able to identify which brick reversals are to be traded. A major Renko pattern follow through, established trend on multiple time ... Read more
Multiple Time Frame Analysis
by PRASHANT SHAH -
As we have discussed earlier, Renko is both a best representation of a line chart and an effective, noiseless method of studying price action. We can analyse a Renko chart on multiple time frames as well to get an idea of the trend and price setups across different periods. For example, if I am a ... Read more
5 ka Punch
by PRASHANT SHAH -
Bullish-Bearish 5 A series of five consecutive bricks can be treated as an anchor brick for intraday trading with 0.25% brick value on one-minute time interval charts. Bullish-bearish 5 on a 1-minute time interval 0.25% brick value Renko chart of BEL futures. A series of five bricks at Point A sets the bullish tone, which ... 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
