Roping a Buy signal with a Volume Bar count in Roper Industries

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As part of the Simple Approach series I bring you a Buy signal approach in $ROP. On to the Daily chart:

ROP_volume_barI have marked up 4 entries on this 200 day chart. Here are the specifics:

  • Buy the 1st Green candle after 5 RED volume bars in a row
  • Use your stop/trade process to manage the risk in the trade (example: a 3% stop would have kept you in all 4 trades)