For those that like simple, mechanical trades, here is an approach to consider involving Volume Bar counting. For an example, let’s take a look at the 60 minute chart for $MON:

• Every instance of 5 RED volume bars in a row, buy the next Green candle
• Use your own stop method
• Each of the prior 3 instances would have a profitable trade if the stop was set above Breakeven. The last instance would of produced the largest profit potential over the life of this chart
• Price is currently building a Green candle