Timeframes Brian Shannon | Technical Analysis Using Multiple
He coaches that far more traders fail at day trading than swing trading because intraday trading amplifies emotional errors. By using multiple timeframes, a trader removes the need to "predict" the market; they simply react to evidence of the primary trend shifting. Shannon is a believer in the philosophy: if the ribbon is trending up, stay with the trend. Don't predict the bottom; wait for the lower timeframe to align, then buy slightly higher with confirmation. It’s better to buy higher with a trend than lower with hope.
If you are a day trader, your timeframes might be the 60-minute, 15-minute, and 2-minute charts. 3. The Three Key Elements: Price, Time, and Volume technical analysis using multiple timeframes brian shannon
Specifically, identifying key Support and Resistance levels. Time: The duration of the trend (long-term vs. short-term). Volume: The "fuel" that confirms a trend's strength. How to Use Them Together: He coaches that far more traders fail at
Brian Shannon popularized the highly effective use of the , specifically Anchored VWAP (AVWAP) , alongside standard moving averages. Don't predict the bottom; wait for the lower
Shannon recommends focusing on three specific tiers of timeframes depending on whether you are a swing trader or a day trader. For standard swing trading, the framework looks like this: 1. The Anchor Timeframe (Daily/Weekly Chart)
Always trade in the direction of the higher timeframe trend. If the weekly and daily charts are in Stage 2, look for intraday pullbacks to buy. Anticipate, Don't Predict: