Kardec Trader shows two short-term trading setups: breaking a trend line and bouncing off it. For the bounce, identify multiple touch points on the line, buy when price returns close to it, and exit when price violates the line.
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 trend line break, and the second one is going to be a trend line bounce. So the bounce 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 and this one, you would have been able to create a buy order here and a buy order here and then this would have bumped you out. So when we're trading the bounce. So this tells me when to get into my trade and tells me when to get out the same line. Yeah. 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 trend line, you're thinking it's going to respect it and you get into that trade.
