Tackle Today: Moving Averages
December 9, 2020
≈ How do you use them? ≈
Traders,
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:
- 9 EMA
- 20 SMA
- 50 SMA
- 200 SMA
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/
#TeamTackle
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’
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Coaches Show Replay
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
YouTube Special – Finding Swing Trades
Join us for a special webinar with Coach Mark, Noah and Tyler at 7 pm EST on building Swing Trades.
Bear Market Survival Guide Mastermind Group 8:30 pm EST
Join our monthly mastermind group with Coach Tyler.
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