Tori Trades breaks down a bounce trendline strategy: draw a line through two price points, wait for price to respect it, then sell when it bounces and fails to break through. Position sizing is discretionary, and the speaker rarely scales into trades.
The bare bones of the bounce setup is these would be signals. This one you wouldn't know because you're just now getting indication that this is point A, this is point B. So these are the only two areas where you would have been able to capitalize on a sell position. So you've got point A, point B, this is telling us the direction of the line. So we wouldn't have seen it until here as price came up and respected this line. Now it becomes an action line. Do a sell order here. So we're selling price falls off, comes back up. Maybe we're sweating. Maybe we're thinking, man, this is going to break. We may have to give this back. It ended up falling over and it respected. If you missed this move move, you could have taken this one. If you took this one and price came up, you could add to your position size or just simply hold. I rarely will ever scale into positions. I think I scale in maybe like once or twice a year if I'm feeling really confident about a position. But it's up to the trader.
