CoCo indicators day trading example (SDRL)
Click on the 1 minute chart below in the comments!.
During a big run down, CoCoBars nibbled a couple times around 10:10.
Around 10:40 is when it hits on all cylinders, you got CoCoVol showing a large jump in independent volume, CoCoBars showing dark green independent price moves up and the CoCo Trend colors at the bottom turning from red to green.
At 11:26 is when selling pressure returns with the three increasingly red CoCoBars. This run would have taken in around +9%.
Keep in mind what the CoCo indicators do... they ISOLATE & IDENTIFY price and volume changes independent from the market.
Good trading!
Brian Hershey
During a big run down, CoCoBars nibbled a couple times around 10:10.
Around 10:40 is when it hits on all cylinders, you got CoCoVol showing a large jump in independent volume, CoCoBars showing dark green independent price moves up and the CoCo Trend colors at the bottom turning from red to green.
At 11:26 is when selling pressure returns with the three increasingly red CoCoBars. This run would have taken in around +9%.
Keep in mind what the CoCo indicators do... they ISOLATE & IDENTIFY price and volume changes independent from the market.
Good trading!
Brian Hershey
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