Shannon suggests using three distinct timeframes to organize your market perspective: 1. The Anchor Timeframe (The Trend Finder)
Support and resistance levels on higher timeframes (like the daily chart) carry significantly more weight than levels on lower timeframes (like the 5-minute chart). A minor breakout on a short-term chart often fails if it runs directly into major overhead resistance on a longer-term chart. Step-by-Step Multi-Timeframe Strategy Shannon suggests using three distinct timeframes to organize
What do you prefer (day trading, swing trading, long-term investing)? This allows for low-risk entries because the trader
In his trading approach, Shannon uses VWAP as a dynamic support and resistance line. He looks for price to be above a rising VWAP to confirm a bullish bias and seeks to enter trades when price pulls back to the VWAP. This allows for low-risk entries because the trader is buying value alongside the institutional crowd. The success of this technique led Shannon to write a second book entirely dedicated to the subject, This follow-up text builds on his original framework, teaching traders how to anchor the indicator to specific dates or events to better time breakouts and set logical stop losses. please let me know:
Here are the three core pillars from the book that will change your trading: 1. The Four Stages of the Market
If you want to practicalise these concepts for your own portfolio, please let me know: