: Place a stop-loss just below the structural support identified on the execution or intermediate chart. Benefits of Using Multiple Timeframes
| Publication | What They Said | | :--- | :--- | | | "a great tactical handbook for any trader... focused on practical tools... the ideas can be used in day or swing trading as well as longer term investing." | | Seeking Alpha | "laid out in a very logical fashion and offers loads of practical knowledge... an excellent resource for technical analysis newbies." | | Goodreads (Community Rating) | Over 380 community ratings, with 80% giving it 4 or 5 stars , confirming its lasting impact. | : Place a stop-loss just below the structural
Brian Shannon is an active trader and mentor (founder of Alphatrends). Purchasing the book legally ensures you get the high-resolution charts necessary for technical study. Why This Methodology Still Works the ideas can be used in day or
Technical analysis using multiple timeframes is a powerful approach to evaluating securities and making informed trading decisions. By considering multiple timeframes, traders and investors can gain a more comprehensive understanding of a security's trend and potential future movements. Brian Shannon's book, "Technical Analysis Using Multiple Timeframes," provides a comprehensive guide to using multiple timeframes in technical analysis and is a valuable resource for traders and investors. Purchasing the book legally ensures you get the
Many novice traders commit the mistake of looking at a single chart interval—such as a 5-minute chart or a daily chart—and making trading decisions based entirely on that view. This creates a dangerous blind spot. A stock might look incredibly bullish on a 15-minute chart, prompting a trader to buy, while failing to reveal that it is actually hitting massive overhead resistance on a weekly chart.
Used to identify the dominant trend and major support/resistance levels.