Name: A New Approach To Trading Forex & Stocks Using Renko Charts
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Created byStephen Hoad

Last updated 3/2022

English

What you'll learn

You'll learn how to master a unique tool in Technical Analysis - Japanese Renko Charts, that will help sort out your bad trading psychology, add discipline to your trading and help you create a more systematic approach, as well as hopefully a new 'edge' to the success of your trading.

Course content

6 sections • 43 lectures • 2h 58m total length

Introduction15:18
The introductory section is aimed at given you a full understanding of what the course entails, the resourses you'll need, the levels of ability required to learn this course, why you should learn from Stephen Hoad & THE STOP HUNTER, and most importantly why you should learn about Japanese Renko charts and how they can seriously aid your trading and investing.

Important House Keeping1:28
Please do not skip the house keeping module - it will explain various symbols that you may see pop up throughout the course.
Introduction to section 20:35
An introduction to Section 2 learnings.
How did we get here?!1:42
How did Japanese charts finally make it in to the mainstream 'global' world of trading and investing?
Advances in Technical Analysis1:06
Learn about how technical analysis has evolved and become a more powerful trading tool with the advancement of technology / software.
Using Technical Analysis in your trading.4:28
Learn why Technical Analysis is such a great tool for your trading and investing and how you can use it to get an 'edge' .
Different chart types and Technical Analysis approaches.4:53
Understand why you should use Japanese charts and Renko charts in particular.
Summary Section 21:41
Section 2 summary and the full list of Technical Analysis indicators and tool we're going to be using on this course.

Section 3 learnings and Renko example1:07
Section 3 learnings and Renko example.
Renko and dealing with trading psychology3:42
Learn how Renko charts can aid your trading psychology
Basic Renko chart construction.5:35
Understand the basics of Renko block construction and movement.
Detailed Renko brick construction.4:22
Understand how the basic brick building process works and understand that there are traditionally 3 different ways to calculate brick size.
Renko and time.7:22
Understand how the concept of 'time' works in Renko charts and that it doesnt work in the same way as more familiar charts such as Bar or Candlestick charts. Be aware of 'temporary' blocks and how this can create false trading signals. I introduce you to the concept of volatility to the price of an asset when calculating Renko brick sizes.
Renko brick size calculation.9:32
Utilise and understand the 3 traditional ways to calculate Renko brick size.
My approach to setting Renko block size.2:51
Learn how to use my methodology of creating an effective Renko block size.
Further Renko brick building exercise across markets0:49
Further exercises to help get you familiar with calculating Renko block sizes and using the different methodologies.
Using Renko3:57
Learn how to start to put your Renko charts into action and basic trading rules. Learn to be aware of temporary block moves and other problems using Renko in its basic form.
Summary of Section 30:59
Summary of what you've learnt in Section 3.

Section 4 Learnings0:52
A summary of what will be learnt in Section 4.
Adding 'Western' indicators to Renko.4:59
Learn how to apply other indicators to the basic Renko chart to start to create a more optimal trading approach.
Trends3:43
Understand how 'trend' analysis in Technical Analysis works so you can apply to your Renko charts.
Useful Trend & Price Patterns on Renko Charts10:30
Taking the trend concept a step further, learn how to apply trend and chart patterns to your Renko charts and start to understand how you could use this form of analysis for trade and risk management purposes as well as creating price based strategies.
Moving Averages4:47
Understand how 'moving average' analysis in Technical Analysis works so you can apply to your Renko charts.
Directional Movement Indicator (DMI)4:33
Understand how the 'directional movement indicator' analysis in Technical Analysis works so you can apply to your Renko charts.
Bands4:44
Understand how 'bands' analysis in Technical Analysis works so you can apply to your Renko charts.
Relative Strength Indicator (RSI)3:15
Understand how the 'RSI' analysis in Technical Analysis works so you can apply to your Renko charts.
Awesome Oscillator2:14
Understand how the 'awesome oscillator' analysis in Technical Analysis works so you can apply to your Renko charts.
Exercise0:20
Now you've had some individual experience of adding indicators to your Renko chart, now you need to add combinations together on your Renko charts.
A simple Renko strategy1:53
An example of how you could put together a simple Renko strategy using the tools that we've looked at so far.
Applying Risk & Trade Management to your Renko charts & trading.7:01
Learn how important risk and trade management is to the success of your trading. Learn to adopt a more systematic approach to setting your stop levels and individual trade management e.g. trailing stops, and also how your Renko trades should sit in your overall portfolio.
Section 4 summary0:57
A summary of what you have learnt in section 4.

Section 5 Learnings1:15
Summary of what you will learn in Section 5.
Creating Strategies5:48
You're going to look at two different strategy approaches to trading Renko: a multi-time frame approach and an approach using a single time frame multiple indicators method.
Firming up trade exit rules4:58
Learn how to create a more systematic trading approach to exiting both winning and losing trades.
Rules for creating & running a Renko strategy2:25
You'll learn tips, tricks and a process for implementing a Renko trading strategy.
Fibonacci7:48
Learn how to apply the Fibonacci tool to your Renko trading.
Putting it together11:29
Learn how to put your Renko strategy into the bigger picture of your trading and start to measure its performance pre/ during/ post trade.We look at a simple strategy example and its rules to work through the process. You'll even see how it could work on Bitcoin!
Other ideas for using your Renko charts.1:53
Learn how to use Renko charts in combination with other types of chart.
Algorithms & Automation2:08
An introduction to how you could move your Renko trading into the pure algorithmic automated trading environment.
Summary of Section 50:41
Summary of what you've learnt in Section 5.
Top tips for using Renko in your trading!7:03
We summarise the important concepts in bullet form that you need to consider and master and be able to deploy in to your trading using Renko.

Requirements

The course is for all abilities, but a prior knowledge of Technical Analysis and trading would be advantageous but not essential. You will need a Technical Analysis charting package that allows you to utilise Japanese chart such as Renko and add indicators and tools on top of these charts. If you don't have this, don't worry we can point you in the right direction within the course (the free intro Section 1 covers this). If you just want to learn about Renko for purely educational purposes and don't want to apply it practically then you wont need a Technical Analysis charting package.

Description

Renko charts are a unique highly powerful tool in Technical Analysis and trading, that is little understood and used. I've been using Renko and other Japanese chart types professionally in my trading and Technical Analysis for many years.

These type of Japanese charts are ideal for creating a more disciplined, systematic, simple, effective approach to your trading. They help sort out the emotion and 'bad' psychology' in your trading! Combine Renko chart types with 'Western' Technical Analysis tools and you start to create really powerful trading strategies. They are so simple once you get to understand them that they become ripe to move into the algorithmic trading world.

In terms of trading strategies, I find them a good all-rounder that can be used for break-outs, trend following, reversal systems as well as helping keep your trading shirt on your back and your hard earned money in your pocket, as they also make an excellent weapon to deploy for risk and trade management purposes.

You'll hopefully learn how to do all this and apply it to your trading to give you a trading 'edge'!

Risk Warning: This course is purely for educational purposes and should not be construed as investment advice. Always be aware that trading and investment comes with a high degree of risk - always speak to your financial adviser first before investing and trading.

Who this course is for:

For anyone looking to get an edge in their trading and investing by learning a new approach to trading using Japanese Renko charts.

What you'll learn

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Course content

Introduction1 lecture • 15min

Renko charts are and how they fit into Technical Analysis7 lectures • 16min

Section 3 What Are Renko Charts - Understanding, Building and Using.10 lectures • 40min

Section 4 : Enhancing the power of your Renko charts.13 lectures • 50min

Section 5 : Using Renko to trade.10 lectures • 45min

Section 6: Course Roundup2 lectures • 12min

Requirements

Description

Who this course is for: