Technical Analysis Using Multiple Time Frame By Brian Shannon Pdf Free Download !exclusive! -

Seeing a great setup on a daily chart but entering blindly, resulting in taking a massive stop-loss before the trade moves in your favor.

. He argues that every trade should be supported by a "higher-level" trend to increase the probability of success. The framework typically involves analyzing three distinct layers: The Primary Trend (Weekly Chart):

A higher time frame (e.g., Weekly/Daily) tells you the direction of least resistance. Seeing a great setup on a daily chart

Always start with the longest timeframe relevant to your trading style and work your way down.

If the daily chart is in a confirmed Stage 2 markup, you look exclusively for buying opportunities. If it is in a Stage 4 markdown, you look strictly to short or stay in cash. 2. The Setup Timeframe (The Intermediate View) If it is in a Stage 4 markdown,

Shannon defines market structure based on price action and moving averages (specifically the 50-day and 200-day EMA):

Enter the trade immediately upon the micro-breakout. Place your stop-loss order just underneath the recent low established on the 5-minute/hourly chart. This ensures your financial risk is incredibly small relative to the massive upside potential of the macro daily trend. Summary of the Core Rules you look exclusively for buying opportunities.

Establishes the primary trend and major support or resistance levels.