Technical Analysis Using Multiple: Time Frame By Brian Shannon.pdf ^new^
Suppose we are analyzing the EUR/USD currency pair on the following time frames:
Brian Shannon is a well-known expert in technical analysis and trading strategies. He has written several books and articles on technical analysis and has been a speaker at various trading conferences. His book, "Technical Analysis Using Multiple Time Frame," is a comprehensive guide to multiple time frame analysis and its application in trading.
His journey into the markets began remarkably early—he placed his first trade at just 13 years old using money earned from a caddie job and a newspaper route. After graduating from Merrimack College with a degree in Business Management, Shannon worked at Lehman Brothers in Boston, where he was first exposed to technical analysis. Over the years, he has held positions as a stockbroker for Dain Bosworth, a trader for Generic Trading, and eventually became Lead Trader and Director of Research at MarketWise Securities before founding his own platform, , in 2006. Suppose we are analyzing the EUR/USD currency pair
Conversely, shorter timeframes are more volatile and emotionally taxing. Shannon is blunt about the challenges of day trading:
You aren't guessing. The daily says "up," the 60-min says "pullback over," and the 5-min gives you the trigger. His journey into the markets began remarkably early—he
If you haven't read Technical Analysis Using Multiple Timeframes , it is highly recommended. It is a concise, no-fluff manual that belongs on every trader’s digital bookshelf.
Brian Shannon’s (2008) is considered a seminal work for retail traders, particularly those specializing in swing and day trading. The core philosophy of the book is that price action is the ultimate truth of the market, and that by analyzing multiple timeframes simultaneously, a trader can identify high-probability setups while minimizing emotional decision-making. The Core Concept: Multi-Timeframe Alignment " the 60-min says "pullback over
Shannon argues this trade has a high probability of success because the LTF trigger is backed by the HTF gravity.
Move to a daily or 60-minute chart. Ask: Is the intermediate trend moving in the same direction as the primary trend? If both are pointing up, the stock is in a high-probability environment for long trades.
