Thursday, October 29, 2009
PNC Financial Buy Signals Range Bars vs. 15 min.
PNC had multiple set-up long entries for day trading today. I want to show you the difference trading the stock today using a 15 minute chart versus using a .25 range bar chart. Clearly you can see the advantage of using the range bar charts today with your first buy signal entry at 50.05 at 9:42am rather than 50.69 at 11:45am. The multiple buy signals on the .25 range bars allowed you to build a nice position with 5 entries; whereas, the 15 min chart only had 2 entries.
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