My nq price action method

[slugar]

Clearly in a trading range and I would wait for more clarity before I would enter. The pm 3187 and 3194 is still holding price.

 

[slugar]

Quote from dbphoenix:

In what way does it act as a trend line?

when the moving average is moving up it is easy to see the trend is up, when it's flat then at that moment it' trendless and when it's point down the immediate trend is down

 

[slugar]

To me trend line means which way the market is moving at the time, not so much where the market stops a retracement and resumes the trend

 

[niko]

If you are learning to trade PA and PA alone, I suggest you get rid of the MAs they will only deviate your attention from what is important. That is just my experience, but I have Focus issues.

 

[slugar]

price seems to be holding above the last swing low of 3191.5 so demand is winning out seems to be important what prices couldn't do for the time being and that's to make a lower low

 

[slugar]

now we've made a lower low 3188.25 might get tested

 

[slugar]

we made a lower high now we will see if 3188.25 can hold

 

[dbphoenix]

Quote from slugar:

when the moving average is moving up it is easy to see the trend is up, when it's flat then at that moment it' trendless and when it's point down the immediate trend is down

So you can't tell whether price is moving up or down without a moving average of some sort of some length?

 

[slugar]

of course I can tell but what is the difference between using a moving average as a moving trend line or just using a trend line?

 

[dbphoenix]

Quote from slugar:

of course I can tell but what is the difference between using a moving average as a moving trend line or just using a trend line?

If you can tell, then why plot the moving average?