Technical Analysis Using Multiple Time Frame By Brian Shannonpdf Work [ 1080p ]

If you are looking to refine your trading strategy, here are the essential lessons from Shannon’s work that can help you trade with the trend, rather than against it.

The benefits of multiple time frame analysis include: If you are looking to refine your trading

The trader does not buy at the daily moving average. Instead, they watch the 60-min chart. They wait for price to print a "higher low" relative to the daily low, for the 5-period EMA to cross above the 21-period EMA, and for volume to expand on an up candle. Trigger: Enter long. They wait for price to print a "higher

2. The Intermediate Timeframe (The Hourly or 65-Minute Chart) The Intermediate Timeframe (The Hourly or 65-Minute Chart)

Take partial profits as the stock reaches the previous daily high, and trail your stop-loss up using the rising short-term moving averages. 6. Summary of Key Takeaways

A classic uptrend emerges. The price consistently makes higher highs and higher lows, supported by rising volume and an upward-sloping moving average.

Once buyers have gained control of the stock, a pattern of higher highs and higher lows becomes established. In this bull phase, "the path of least resistance is higher." This is the stage where aggressive trend-following trades are appropriate. The market expands higher in search of fresh supply, and traders should be positioned on the long side to capture the upward momentum.