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Profitable Trading with Renko Charts
Profitable Trading with Renko Charts
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
Renko charts are simple to useTrends are easier to identify in Renko charts since the price is always either clearly bullish or bearishDue to their uncluttered appearance, significant tradeable patterns are much easier to spot in Renko chartsBeing objective in nature, entry and exit signals are clearly defined in Renko charts, making it easier to trade profitablyBy 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
What a Renko chart is — and how to plot itHow to use the traditional tools of technical analysis on Renko chartsThorough description and analysis of major price patterns in Renko, along with examples and trading rules for eachHow to use the unique features of Renko charts to identify strong sectors and strong stocks to tradeHow to profit from the unique Renko chart indicatorsHow to effectively use Renko charts across multiple time framesTested and effective trading strategies for all kinds of markets, with rule-based entry and exit criteria 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.
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
Renko charts are simple to useTrends are easier to identify in Renko charts since the price is always either clearly bullish or bearishDue to their uncluttered appearance, significant tradeable patterns are much easier to spot in Renko chartsBeing objective in nature, entry and exit signals are clearly defined in Renko charts, making it easier to trade profitablyBy 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
What a Renko chart is — and how to plot itHow to use the traditional tools of technical analysis on Renko chartsThorough description and analysis of major price patterns in Renko, along with examples and trading rules for eachHow to use the unique features of Renko charts to identify strong sectors and strong stocks to tradeHow to profit from the unique Renko chart indicatorsHow to effectively use Renko charts across multiple time framesTested and effective trading strategies for all kinds of markets, with rule-based entry and exit criteria 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.
430 pages, Kindle Edition
Published May 21, 2019
27 people are currently reading
103 people want to read
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Displaying 1 - 4 of 4 reviews
November 19, 2019
Using Lucid and Simple Language, Prashant takes you to a journey of noiseless chart - Renko Charting System.
Starting from basics, he uses illustration to teach how to read and interpret Renko Charts. He also takes you to level where you can trade using unconventional charting system, teaching breakouts and reversals.
Chapters are dedicated on using common indicators and the performance of those are also discussed at lengths on this charting system.
Whether you are a seasoned Trader or a novice, this book will give you a better insight on trading using Renko Charts.
Starting from basics, he uses illustration to teach how to read and interpret Renko Charts. He also takes you to level where you can trade using unconventional charting system, teaching breakouts and reversals.
Chapters are dedicated on using common indicators and the performance of those are also discussed at lengths on this charting system.
Whether you are a seasoned Trader or a novice, this book will give you a better insight on trading using Renko Charts.
Want to read
November 17, 2019IOINI
January 23, 2022
The book is easy to follow. The author has spent a lot of effort in ensuring that all relevant facts are passed on. He also emphasize the need to master a few technique instead of cluttering.
August 31, 2024
Renko was completely new concept for me. I love the way Prashant explained the renko charts with plenty of examples. It made technical analysis lot easier.
Displaying 1 - 4 of 4 reviews