Profitable Trading with Renko Charts

Contents: Part- I: Technical Analysis of Renko Charts: 1. Introduction to Renko Charts.  2. Renko Chart Analysis with Conventional Patterns.  3. Unique Renko Patterns.  4. Reversal and Pullback Patterns. 5. Pattern Failure. 6. Extensions. 7. Using Indicators on Renko Charts. 8. Unique Renko Indicators. 9. Relative Strength. Part-II: Trading with Renko Charts: 10. Selecting Your Trading Parameters. 11. Selecting the Appropriate Brick Value. 12. Position Sizing. 13. Short Term Trading Strategies. 14. Index Trading. 15. Trading Options, Commodities and Currency. 16. Exit Strategies. 17. Trading with Renko Charts in Real-Life. Bibliography. Acknowledgements.

One of the oldest and most popular Japanese charting methods, Renko can be used to profitably trade all types of financial markets and instruments — and over any time frame.

Renko charts offer traders many unique and unmatched advantages over other charting methods:

Renko charts are simple to use

Trends are easier to identify in Renko charts since the price is always either clearly bullish or bearish

Due to their uncluttered appearance, significant tradeable patterns are much easier to spot in Renko charts

Being objective in nature, entry and exit signals are clearly defined in Renko charts, making it easier to trade profitably

By eliminating insignificant price action, Renko charts help traders control overtrading — one of the biggest sources of trading losses.

This comprehensive book provides step-by-step guidance, from the basics of Renko charts to advanced methods of analysis and trading, keeping in mind Indian market characteristics:

What a Renko chart is — and how to plot it

How to use the traditional tools of technical analysis on Renko charts

Thorough description and analysis of major price patterns in Renko, along with examples and trading rules for each

How to use the unique features of Renko charts to identify strong sectors and strong stocks to trade

How to profit from the unique Renko chart indicators

How to effectively use Renko charts across multiple time frames

Tested and effective trading strategies for all kinds of markets, with rule-based entry and exit criteria

PLUS: 250+ charts and examples from Indian markets.

With recent advancement in technology making Renko easily accessible on popular charting software, this book will help both experienced and novice traders to profit from this very powerful system.