Most successful traders view the cost of this book not as an expense, but as an investment—often one that pays for itself in a single well-executed trade.
Using multiple timeframes is a powerful approach to technical analysis that can help traders to gain a more complete understanding of market trends and make more informed trading decisions. Brian Shannon's approach to using multiple timeframes provides a framework for analyzing charts across different timeframes and identifying trends and patterns that can inform trading decisions. By applying Shannon's approach, traders can improve their trend identification, entry and exit points, and overall trading performance. Most successful traders view the cost of this
Brian Shannon also runs a YouTube channel (Alphatrends) where he applies MTFA to live markets weekly. That’s free. Combine that with the book’s first few chapters (preview on Amazon) – and you’ll out-trade 90% of retail without ever risking a pirate site. By applying Shannon's approach, traders can improve their
While the book focuses heavily on moving averages (specifically the 10, 20, and 50-day MAs), Shannon has since become the leading authority on .AVWAP allows you to see the average price paid for a stock starting from a specific point in time (like an earnings report, a swing high, or a gap). If the price is above a rising AVWAP from a significant low, the "average" buyer is in control and in profit. 4. Risk Management: The "Stop Loss" is Non-Negotiable Combine that with the book’s first few chapters