Nabigazioa
Execute the trade with a tight stop just below the intraday support level identified in Step 2. Risk Management and Stop Placement
The most critical takeaway is that trends are ambiguous without a reference to time. A stock can be crashing on a 5-minute chart while remaining in a perfectly healthy long-term uptrend on a weekly chart. Execute the trade with a tight stop just
While multiple time frame analysis relies heavily on price action, Shannon famously integrates a few specific technical tools to add objectivity to the charts. Moving Averages (MA) While multiple time frame analysis relies heavily on
To understand the value of his method, one must first understand the man behind the charts. Brian Shannon, CMT, is not an academic or a market commentator theorizing from the sidelines; he is a with a career spanning over three decades. He began his professional journey as a stockbroker with Lehman Brothers in Boston in 1991 before moving on to roles as a hedge fund manager, a proprietary trading desk manager, and eventually the founder of Alphatrends, his trading education platform. He began his professional journey as a stockbroker
If you are looking to deepen your trading strategy, we can focus on specific areas of this methodology. Let me know if you would like to explore:
If you are looking to implement this, start by setting up your charting platform with a (e.g., Weekly, Daily, Hourly) and force yourself to check the higher frame before placing any trade on the lower frame.