The asset moves sideways. Selling pressure dries up, and smart money quietly builds positions. Prices trade sideways relative to a flattening 200-day moving average.
: Sit in cash or short the asset on lower timeframe bounces. Key Technical Indicators Used by Brian Shannon
The Anchored VWAP (AVWAP) . Shannon pioneered the technique of "anchoring" VWAP to significant market events, such as a major earnings release, a swing high, a swing low, or the market open. This reveals the average price paid by all market participants since that specific event, creating highly reliable, psychological support and resistance lines. 4. Step-by-Step Multiple Timeframe Trading Strategy
Used to fine-tune entry and exit points, manage immediate risk, and place tight stop-losses. This is often the 5-minute, 10-minute, or 15-minute chart. The Four Stages of the Market Cycle The asset moves sideways
Fear takes over as trapped buyers scramble to liquidate their positions.
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The book is a treasure trove of actionable strategies. Among the many lessons, you will learn how to: : Sit in cash or short the asset on lower timeframe bounces
Shannon builds on (volume, price, time, and effort) rather than relying on lagging indicators. His unique claim: One timeframe is never enough; the higher timeframe sets the context, the lower timeframe finds entries.
An intermediate timeframe chart used to locate chart patterns, support, and resistance.
: Never risk more than 1% to 2% of your total account equity on a single trade. This reveals the average price paid by all
Use 5-minute or 1-minute charts to pinpoint the exact entry price, keeping risk tight and stop-losses small. The Role of Volume Weighted Average Price (VWAP)
To apply multiple timeframe analysis in practice, traders can follow these steps: