Masterclass on Renko Chart Patterns: Renko Trading Course

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% of traders just work on their trading psychology and money management and, furthermore, 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, you will learn market trends and how to identify where the trend begins and ends. You 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. The study delves far into understanding 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.

Please find below the overview of the topics covered under this Renko Trading Course:

Topic 1: Basics of Renko Charts

• You will learn the basics and various methods of constructing renko charts.
• Understand Renko patterns, including One-back, Two-back, ZigZag, Bullish and Bearish Swing Breakouts.
• Analyze and interpret momentum patterns, including anchor brick and 123 pullback pattern.
• Understand the various analyzing tools, namely the principle of polarity, trendlines, retracement pullback zone and swing extension.
• Understand various unique indicators, including moving average, disparity, brick count, brick zone, anchor day, bull day and bear day.

Topic 2: What is Trend and How to Analyse it?

• You will understand what a trend is and its importance in trading.
• Learn about dow theory and market phases.

Topic 3: Learning Renko Patterns

• You will gain a practical understanding of various Renko patterns, such as Bullish and Bearish Brick, Brick Reversal, Swing Breakout, Anchor Brick, and Multi Brick Breakout.

Topic 4: Trend Analysis and Renko Bricks Size

• You will understand what the Ideal Brick Size is for different styles of trading
• Gain a practical understanding of using Moving Averages and SuperTrend as filters and actions.

Topic 5: Trading Strategy

• In this renko trading course, you will learn trading Swing and Positional using Renko Charts in the live market session.

Want to know more, speak to our Program Advisor, call +91 9748222555.