It’s quite obvious you haven’t fallen in here off the nearest Xmas tree. Your take on the structure & triggers is fine, no problems at all. I’d wish you luck just as a friendly curtesy, but you won’t need it.
You’ll have a ball if you just follow the concept of buying dips/selling rallies on the secondary charts in tandem with the bias on your primary leading chart. After all it doesn’t really get much more basic or simple than that does it.
To be honest, & this is no slight on Andy’s 3 ducks model, but after a short period of time you won’t even bother referencing the slope or angle of the moving average because the natural ebb & flow on the hourly will quickly establish your smaller (secondary) timeframe bias & get you safely in & out of the market whenever you want.
It’s slow enough to offer a realistic representation of the current market themes & influences, whilst fast enough to be able to employ smaller timeframe triggers to leg in & out with relative comfort & safety.
You’ll also find it more than capable of offering both intraday & longer time horizon opportunities when trading this style of structure. For what it’s worth that’s my experience anyhow & I know Kevan & catcher will agree, because they’re working the same deal.
The odd times I require a bit more background info I’ll dial out on the next upper timeframe until it tells me what I want to see. I’m only really interested if the big timeframes are showing indecision or neutral behavior at a level that’s proving stubborn or represents a potential exhaustion point in the market.
For instance, Friday’s daily candle printed a doji on my charts as did the daily candle up at the level you identified earlier at the beginning of July at 4580. That’s the type of stuff (dojis, spinning tops, inside range bars, 2 & 3 bar reversals etc) that will rank a second glance & prove helpful when confirming decisions on the hourly & sub hourly trigger charts.
Whenever I open up my trade platform the only thing that concerns me is if I should still be continuing to either sell rallies or buy dips, that’s it.
The less information I need to access to give me that detail the better.