Confirm the Daily chart is in a clear Stage 2 Markup . The price is trading above a rising 20-day moving average.
Shannon emphasizes using a top-down approach. You start with a macro view to find the trend, and use a micro view to manage risk. 1. The Macro Timeframe (The Trend Finder) Confirm the Daily chart is in a clear Stage 2 Markup
: Some summaries and reports of the book's core principles are hosted on sites like Scribd , though these are often condensed versions or student reports. Amazon.com: Technical Analysis Using Multiple Timeframes You start with a macro view to find
What (stocks, crypto, or forex) do you trade most often? Amazon
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To help apply these concepts to your current trading, let me know: What do you currently use for your charts?
Before we analyze the book's content, it's crucial to understand the mind behind it. Brian Shannon is not merely an author; he is a veteran technical analyst, a successful trader, and the founder of AlphaTrends.net. He holds the prestigious Chartered Market Technician (CMT) designation and has been actively involved in the markets for over three decades, having worked as a stockbroker at Lehman Brothers and as a lead trader for several firms.