If you have digested the basics of the technical analysis using multiple time frame by brian shannon pdf top guide, here are three advanced takeaways that professionals use.
Marco later journaled the keys to the trade: If you have digested the basics of the
One of the most profound lines in Shannon’s PDF is: "The best trade is often the most obvious one." Traders using multiple time frames often wait for 4 different confirmations (price, volume, MA, RSI). By the time they enter, the move is over. The "Top" PDF advice: Use 2 time frames for signal, 1 for context. Do not overlay 6 indicators on one chart. Brian Shannon’s approach is often cited by traders
Brian Shannon’s approach is often cited by traders looking for "top" analysis because it prevents the common trap of catching a falling knife. Using Shannon’s method, the trader would have seen
Imagine the Daily Chart is in a strong downtrend.
Using Shannon’s method, the trader would have seen the Daily downtrend and used the Hourly rally not to buy, but to find a shorting opportunity (selling into strength). This aligns the trader with the dominant market force.