Masterclass on Renko Chart Patterns

Description

Introduction

Many individuals trying to participate in the market lose money as they position themselves in the wrong direction of the trend. This is one of the primary reasons why 99% of people lose money in stock markets. The remaining successful 1% traders just work on their trading psychology and money management and further train their minds to look at the bigger picture when participating in the markets. This quality of successful traders makes them participate in the market trends, which offer them big moves and hence significant returns.

In this course, we will discuss market trends and how to identify where the trend begins and ends. We will revisit many classical market theories such as Dow Theory, Darvas Box, and a few others. Dow theory and Darvas Box are best traded using Renko Charts. Hence, we will deep dive into learning Renko Charts – their construction and how a trend is identified using this charting method.

Renko charts are one of the oldest types of price plotting developed by the Japanese, which is built using only the price movement rather than both price and standard time intervals like Candlestick charts. This makes this type of charting more objective and rule-based. If you want to be a trend trader, Renko charts are a gift to your trading style.

Course Highlights