Our Range-Change-Ratio technique is designed to help us identify where the stale, bearish money in a stock finally becomes exhausted and begins being replaced by new, bullish money. It is a technqiue that uses price and volume to give us our entry signal. For more on this technique checkit out in our eBook, Simple Tactics Profitable Trading.
The chart below is of a stock which has recently generated an RCR entry signal of 71%. It is a small energy play listed on the ASX. Will it hit the neon lights of the big time? Maybe.....maybe not. But we make note of the chart as it currently stands at the end of the trading week because we intend to follow up this stock next week in our FREE fortnightly newsletter (current issue can be downloaded here) as an example how the RCR can be used in real time market conditions to generate an entry signal.
The Chart:
In the meantime, dont forget our other webpages:
http://www.thementaltrader.blogspot.com.au/
http://www.meetup.com/trading-psychology/
www.stpt.com.au
The chart below is of a stock which has recently generated an RCR entry signal of 71%. It is a small energy play listed on the ASX. Will it hit the neon lights of the big time? Maybe.....maybe not. But we make note of the chart as it currently stands at the end of the trading week because we intend to follow up this stock next week in our FREE fortnightly newsletter (current issue can be downloaded here) as an example how the RCR can be used in real time market conditions to generate an entry signal.
The Chart:
In the meantime, dont forget our other webpages:
http://www.thementaltrader.blogspot.com.au/
http://www.meetup.com/trading-psychology/
www.stpt.com.au
