TRADING STRATEGIES FOR THE TREND LINE TRADERS
Price action traders can’t do without their trend
lines. Trend lines are practical tools for tracking and trading trends. It
makes sense to form trading strategies with this simple but effective tool.
Many traders who seem to trade with a blank chart have
in fact internalized the art of trend line drawing. They are able to visualize
the trend lines with actually drawing them.
Trend lines track trends. And when it comes to trading
trends, you can go for retracements or reversals. Basically, you can work on
the premise that the trend will continue or reverse.
The 4 trading strategies below are classified with
this understanding:
- Trend Line Bounce – Aggressive Retracement.
- Minor Trend Line Break – Conservative Retracement.
- Major Trend Line Break – Aggressive Reversal.
- Major Trend Line Break and Retest – Conservative Reversal.
Here are the 4 trading strategies in detail.
