Volume Bar count Buy in Salesforce

Just a quick post on one of the simple approaches that I use in entry: the Volume Bar count Buy/Sell signal. I have been watching the pullback in $CRM today and noticed there were several 5 RED volume bars in a row that would have offered a Buy signal. Here is the 60 minute chart:

CRM_60mThe 1st entry would have been a brief trade, likely a stop under my normal trading process. The 2nd entry would have been a nice gain to the Wed top. At the moment it is working on the 6th RED volume bar in a row, with a Trend Line as a potential bounce point as well.

As with all these, your money, your trade so incorporate it into your trading process if it appeals to you.

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