[best] - Technical Analysis Using Multiple Timeframes Brian Shannon
, a community dedicated to swing trading education. In his acclaimed book, Technical Analysis Using Multiple Timeframes
Building on his foundational work, Shannon wrote a second book, which extends the VWAP concept into a powerful tool for measuring sentiment relative to specific market events .
Concise implementation checklist
In Shannon’s trading system, VWAP serves as the on intraday timeframes. The rule is straightforward: you don’t buy until price reclaims VWAP while the intermediate trend is bullish. You don’t short until price loses VWAP while the intermediate trend is bearish.
Traders often get caught up in "noise"—small, insignificant price movements on low-timeframe charts. Shannon argues that by analyzing higher timeframes first, you can filter out this noise and align yourself with the broader market trend. technical analysis using multiple timeframes brian shannon
Switch to your trading timeframe (e.g., 15‑minute or 30‑minute for swing trading). Do enter simply because the ribbon is green. Wait for a pullback toward VWAP , followed by a reclaim of that VWAP level. This pullback‑and‑reclaim pattern is the entry trigger.
Creating a for your multi-timeframe trade entries. , a community dedicated to swing trading education
A sustained uptrend with higher highs and higher lows. This is the most profitable stage for long positions.
Used to determine the average price a security has traded at throughout the day, based on both volume and price. It acts as a benchmark for institutional traders. The rule is straightforward: you don’t buy until