The Simple Approach Series – using Volume Bars for a Buy signal

For those that like simple strategies you can use Volume Bars as a signal to enter a trade. To illustrate this I bring you the Daily chart of $XONE showing 6 Buy points over the last 100 trading days:

XONE_volume_barsThe trigger is simple:

  • Buy the 1st Green volume bar after at least 3 Red volume bars in a row
  • Use your own Stop process
  • Trigger #5 would likely have Stopped out but the rest should have offered very nice gains

 

 

Leave a Reply

Your email address will not be published.