1457
by Meyney
About trendlines and MA's. The MA's will/can help you spotting the main 'trend' or even better Market Structure; up: higher highs higher lows, down: lower highs lower lows. See the fat coloured (teal) TL, they are not rigid, they move as price changes. We want to buy in an uptrend and want to sell in a down trend. But we do not want to chase(buying at the high or selling at the low) that's why it is smart to enter at a pullback, but not too early. here the smaller (black) trendline for entry is handy; wait till it is broken, also these will change during price action. There are traders who will just building up buy positions into the oversold area in the up trend and sell positions into the overbought area in the down trend. If right you will get the best price, but will be stopped out more. Last we can wait for an indicator to cross, here you will be (very) late. Let's say waiting for a trendline break is a compromise. Of course we can play with different timeframes (looking for a nice clear entry trendline break on a lower timeframe). Do not forget to spot the impulse/chop and SD/S&R zones later more.
best M.