Most losing traders make the mistake of looking at a single timeframe (e.g., a 5-minute chart) in isolation. Shannon argues that without context, you are trading blind.
Please keep in mind that while I strive to provide helpful information, I am not responsible for any actions you take or decisions you make based on the information provided. Always do your own research, and consult with a financial advisor if needed. Most losing traders make the mistake of looking
: A tool Shannon pioneered that calculates the Volume Weighted Average Price starting from a specific, significant event (e.g., an earnings report, IPO day, or a major price low/high). 📈 Trading Strategy Summary Always do your own research, and consult with
The central thesis is that no single timeframe tells the whole story. Shannon advocates for a "top-down" approach, beginning with long-term charts to establish the dominant trend before drilling down to intraday charts for precise execution. Long-Term (Weekly/Daily): Shannon advocates for a "top-down" approach, beginning with
Brian Shannon’s foundational book, Technical Analysis Using Multiple Timeframes