One of Shannon’s signature tools is the . Unlike a simple moving average, VWAP incorporates both price and volume, providing a true measure of the average price at which most trading has occurred. By anchoring VWAP to a significant event (e.g., a major high, low, or earnings report), traders can gauge whether institutions are defending that level. The book dedicates several chapters to using anchored VWAP across timeframes to find low-risk entries.
"Technical Analysis Using Multiple Timeframes" by Brian Shannon is a 2008 publication that aims to provide traders with a practical guide to technical analysis. The book emphasizes the importance of using multiple timeframes to analyze markets, which allows traders to gain a more complete understanding of market trends and make more informed trading decisions. One of Shannon’s signature tools is the
You enter on a pullback, not a FOMO breakout. Your risk is defined. When the next leg up starts, you are already positioned. That is the edge Shannon provides. The book dedicates several chapters to using anchored
To build a complete market thesis, Shannon advocates looking at three distinct timeframes: You enter on a pullback, not a FOMO breakout
: A period of sideways consolidation where smart money begins quietly building large positions. The price moves horizontally, and moving averages flatten out.
: Shannon is a pioneer of the Anchored VWAP , a tool that combines price, time, and volume to find critical support and resistance levels from significant events like earnings or recent highs/lows.
Don’t let a search for a dubious “free 14l PDF” derail your journey. Instead, take the high road. Purchase or borrow the book, study it diligently, and practice on a demo account. Then, when you’re consistently profitable, you’ll look back and realize that the cost of the book was the best trading expense you ever made.