Kardec Trader shows two trendline setups for trading breakouts: breaking through a trendline or bouncing off one. He uses the bounce setup more often and buys when price hits the trendline to catch the move.
I excel when I can capture on a breakout. So this is where the price showed me the first indication that we're no longer trending up. So I'm able to make the most amount of money on this specific setup. But I'm going to go over two types of setups with you. So one is going to be a trendline break and the second one is going to be a trendline bounce. I utilize this one the most, but when I started I used both. Okay. So the balance is going to be looking for places to buy when price gets to a trend line close enough here. So if you've got a touch point and a touch point, this one you wouldn't have been able to capitalize on because it just created. Yes. But this one and this one you would have been able to create. We still got a green marker, a buy order here and a buy order here. And then this would have.
