#### Slingshot Video <div style="position: relative; padding-bottom: 56.25%; height: 0;"><iframe id="js_video_iframe" src="https://jumpshare.com/embed/kEPRdQ3theYIBlIGADae?disableDownload=true" frameborder="0" webkitallowfullscreen mozallowfullscreen allowfullscreen style="position: absolute; top: 0; left: 0; width: 100%; height: 100%;"></iframe></div> #### **Slingshot Indicator Overview:** - Oscillator comprised of different math than the MOMO indicator, but follows similar rules as overbought & oversold - Slingshot is the #1 trade from this indicator & identifies when a divergence is suggesting a resumption of the Trend (BLUE- Slow Signal Line) - ES / NQ / RTY / YM (Micros or Minis) - Use the 5 Minute Chart for best setups & least amount of false signals - The 15min BLUE – Signal Line should help you see if the trend is Positive (above ZERO LINE) or Negative (below ZERO LINE) #### **Slingshot Longs:** 1) WHITE / fast line crosses ZERO LINE (teal line) to the downside and crosses -L1 (gray line) 2) BLUE / slow line stays above ZERO 3) WHITE / fast line crosses 0 to the upside and holds; (best to wait for a candle close) 4) Take first position (half-size) long as WHITE crosses ZERO LINE 5) Add second half position when WHITE / fast line crosses +LEVEL 1 (gray line) to the upside 6) Example is paired up with PWG Levels which is a great opportunity to slightly lead the indicator **** #### **Slingshot Shorts:** 1) WHITE / fast line crosses ZERO LINE (teal line) to the upside and crosses +L1 (gray line) 2) BLUE / slow line stays below ZERO 3) WHITE / fast line crosses 0 to the downside and holds; (best to wait for a candle close) 4) Take first position (half-size) short as WHITE crosses ZERO LINE 5) Add second half position when WHITE / fast line crosses -LEVEL 1 (gray line) to the downside 6) Example is paired up with PWG Levels which is a great opportunity to slightly lead the **** **** #### **Failed Slingshot Trade (LONG):** 1) WHITE / fast line crosses ZERO LINE (teal line) to the downside and crosses -L1 (gray line) 2) BLUE / slow line stays above ZERO 3) Does the WHITE / fast line cross 0 to the upside?  4) No, it rejects -L1 and moves lower to -L2, causing the BLUE / slow line to cross ZERO which greatly hinders the signal. 5) Even when the WHITE / fast line crosses, the long trade FAILS  #### **Slingshot Other:** Requires patience.  5 minute charts are slow and slingshot may not present itself frequently Zero is the Over / Under line (keeps you on-sides) Blue / slow line above +L3, bad spot to initiate longs Blue / slow line below -L3, bad spot to initiate shorts Better in RTH vs ETH (Per Rik’s research) Continuous cross of 0 (teal line) means chop When blue / slow line leads white / fast line, no trade in that direction for awhile (Per Vet) #### **Slingshot Benefits:** - Keeps you on-sides - Teaches you patience, waiting for the proper setup - Minimizes bad trades - Great reference of when to add to winners (+L1, -L1) & take profit outside of +L3/-L3 - Helps you hold winners longer - Provides visualization of price rotation --- _DISCLAIMER: The information provided by Independent Traders Guild is for general informational purposes and entertainment only. We are NOT investment advisors and do NOT provide investment advice or recommendations. All information is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information. UNDER NO CIRCUMSTANCE SHALL WE HAVE ANY LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THIS INFORMATION. YOUR USE OF THIS IS SOLELY AT YOUR OWN RISK._