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Market Updates Coach's Playbook Forex Futures Trading Education

[VIDEO] We're Talking About Moving Averages - The Coach's Playbook

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Are your charts so riddled with indicators that you can’t even see price bars? Do you even understand how they work? There might be a “simple” alternative. Moving averages have been helping traders identify long and short-term trends for decades, and prove that sometimes, the simplest questions have the simplest answers.

 

Here’s What Our Coach’s Have To Say 

 

 

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Crude Oil has been 'Rocking & Rolling' recently, and Topstep funded trader Brandon B. is on top of it. He caught  a gap filling move and put a solid $1,400 day this week. Keep it up!

Which Moving Averages Do You Watch?

Our Coach's watch a lot of different markets, but the consensus appears to be unanimous when it comes to tracking trend and momentum; simple moving averages work better for longer periods, and exponential moving averages work better for shorter periods.

To quote one of our coaches:

"The 50-day exponential moving average is my line in the sand when it comes to short-term direction or trend. Above there I’ll take on more risk to the long side, and below I’ll take on more risk to the short side. For a shift in sentiment, if the market has been trading above the 50-period average, then I want to see a few price bars close below it before I start changing my tune, then I’ll keep watching to make sure the shorter time-frame averages are crossing over before I start targeting the 100-day moving average."

Pretty standard stuff. If you remember the old adage; 'Keep It Simple Stupid' (KISS), it applies here.

Trade Well! 

 

Posted by TopstepTrader on July 22, 2020
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