Kardec Trader breaks down a two-line trendline strategy: the action line signals entries when price bounces off it, and the safety line marks where to exit if the trade goes wrong. Find multiple touchpoints on each line, enter near the action line, and manage risk with the safety line.
This would have bumped you out. So I've given these trend lines names. So we'll always have an action line, which is the. I spell that right? A C, T, I, O, N. Yep. Oh, boy. And then we've got safety line. So we've got action and safety. This one tells me when to place a trade and this one tells me how I'm going to manage my risk and when I'm going to exit. So when we're trading the bounce, the line is the same. So that's the cool part. Yeah. So this tells me when to get into my trade and tells me when get out the same line. So this is a great place to start. If you're trading the bounce, you're just trying to find as many touch points as possible and then every time price gets to or close enough to the trendline, you're thinking it's going to respect it and you get into that trade. So buy order, Buy order. And then this is where now I would close that position.
