Volume Bar Buy trigger – starring F5 Networks

Image courtesy of Wikipedia

As part of my series on the Simple Approach, I bring you a Weekly chart on $FFIV:

Here is the breakdown on how the trigger works: You buy the first Green volume bar after 4 Red volume bars in succession. Use your trading stop & process for the exit you desire. Let’s take a look at how this trade would have fared since Jan 2010:

One note here: If you had run a wide stop on Trade #3 (6/4/2012) then you could have ridden out that pullback & bounce to the 9/17/2012 peak price of $111.58

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