Showing posts with label rangebars. Show all posts
Showing posts with label rangebars. Show all posts

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.