Read Online Profitable Trading with Renko Charts PDF
Profitable Trading with Renko ChartsOne 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 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 characteristics: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 criteriaPLUS: 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.
