How do we take Slope Analysis and use it to Day trade?
Define the Weekly, Daily, 240, and 60 Minute Slopes and document and describe what is taking place from the perspective of the slope in each market.
Right the Analysis for that market and the opportunities that are may present on the trading timeframe.
Bring up a 5 minute chart for each market where we expect an opportunity to potential materialize and define the 5 minute slope and KRA’s. Use this to trade in ALIGNMENT with the expected opportunity on the hourly chart.
Example
In the Es the theme is that we are testing resistance at all time highs, we have a channel testing this resistance which we are paying attention to on the 5 minute chart.
I need to write this shit down and turn this shit around.
