Shannon’s mantra is simple: While he uses moving averages (specifically the 10, 20, and 50-day), he emphasizes that price action and volume are the only truths in the market. If the price isn't confirming the indicator, trust the price.
If you are looking to build a specific trading strategy, let me know: What do you trade? (Stocks, Crypto, Forex?)
: Shannon incorporates volume and momentum indicators (like MACD or RSI) to confirm trade signals. For example, a bullish breakout on a daily chart is stronger if accompanied by a surge in volume. Shannon’s mantra is simple: While he uses moving
By checking the higher timeframe first, you ensure you never commit the fatal trading error of fighting the dominant market trend. The Four Stages of a Market Cycle
: Use a larger chart (like the Daily) to establish the overall market direction and find major support and resistance. (Stocks, Crypto, Forex
Technical analysis using multiple timeframes is a powerful approach to evaluating securities. By analyzing multiple timeframes, traders and investors can gain a more comprehensive understanding of a security's trend and potential future movements. Brian Shannon's approach to multiple timeframe analysis provides a structured framework for applying this concept in trading strategies. By following the 57-install guide provided in this article, traders can access Brian Shannon's PDF guide on technical analysis using multiple timeframes and improve their trading decisions.
Place the initial stop-loss just below the recent higher low on the shorter-timeframe chart. This ensures that if the setup fails, the loss is kept small, while the profit target remains dictated by the much larger daily chart structure. Why "Free Downloads" Hurt Your Trading Journey The Four Stages of a Market Cycle :
(2008), is an intermediate-level guide designed to help traders identify trends and high-probability entry points by aligning different chart intervals . Core Concepts and Philosophy