Moving averages are extremely popular tools amongst traders — beginner and veteran alike. Which moving averages do you use on your charts? The two common types are either Simple Moving Averages (SMA) or Exponential Moving Averages (EMA). The most common moving averages used by the coaches include the following:
If you learn to use these 4 together, and across different time frames like the Weekly Chart, Daily Chart, and Intraday Charts, they can give you a lot of actionable information very quickly.
If you sit in the trader’s lounge, coaches show, halftime report or any of our other webinar classes you will undoubtedly hear the coaches refer to moving average signals — either as entry points, technical catalysts like support or resistance, and trend identifying confirmation tools.
If you are new to using moving averages, start by adding the most used ones to your chart so that you can start reading them as you analyze your technical conditions. If you are a veteran, consider writing out your rules on how you are using these tools and why. Do you trade moving average signals, or do you simply use them as confirmation tools? These are important questions, and it is worth it to spend some time answering them.
We have a busy day of programming, including our regular line-up of the Lounge and Halftime Report, but also remember we have our Wednesday special tonight at 7 pm EST and the Bear Market Survival Guide Mastermind Group at 8:30 pm EST. Join us in one of our classes and make it a great day.
Our Promotion is still running with our Annual Pro and STEP System on discounts: https://tackletrading.com/store/pro-campaigns/holiday-special-2020/
Chart of the Day
Goldman Sachs Daily Chart
After a short consolidation, GS is breaking higher in Wednesday’s trading session. The stock was one of 12 bullish picks on this week’s report. Review the full report here: https://tackletrading.com/options-report-dec-5th-2020/
Video of the day QSR Breakout with Moving Averages
During Monday’s Halftime Report, Coach Mark analyzed a breakout on QSR which is pushing it is 200 weekly simple moving average aka ‘Grand-mama’
Join our monthly mastermind group with Coach Tyler.
Financial freedom is a journey
Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.
Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.
All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.
Originally published at https://tackletrading.com on December 9, 2020.