Technical Analysis Using Multiple Timeframes

Brian Shannon's "Technical Analysis Using Multiple Timeframes" is a must read for anyone serious about improving their trading skills. As a long-time trader, I've read countless books on technical analysis, but this one stands out for its practical, no- nonsense approach.Shannon's expertise shines through as he breaks down complex concepts into easily digestible information. The book's focus on multiple timeframe analysis provides a comprehensive framework for understanding market dynamics and identifying high- probability trade setups.Key strengths of this book include:1. Clear explanations of how to use price action and multiple timeframes to confirm trends2. In depth and easy to understand description of the psychology of how price is represented on a chart.3. Insightful discussion on short selling and short squeezes.4. Constant reminders of risk management and strategies for doing soWhat sets this book apart is Shannon's ability to tie everything together into a cohesive trading approach. He doesn't just explain individual concepts but shows how they work together in real market conditions.The numerous chart examples and case studies bring the concepts to life, making it easy to apply the strategies to your trading. Shannon's writing style is engaging and accessible, making even complex topics easy to grasp.Whether you're a novice trader or a seasoned professional, this book offers insights that can elevate your trading game. It's become an indispensable reference in my trading library, and I find myself returning to it regularly to refine my strategies.If you're serious about mastering technical analysis and improving your trading results, this book is an absolute must-read.

I wish I had this book when I started trading in 2020! It would have saved me a lot of frustration and money in those earlier days. To the non-trader and the new trader alike; the market seems elusive, purely a game of luck, and price charts look like gibberish.Brian Shannon's book brings clarity and understanding to the markets and provides a trading framework for any new trader.1. The book is organized so that each chapter builds upon the previous one.2. The text is large and easy to read.3. The vocabulary used is easy to understand. You won't need a Master's degree to comprehend what you are reading.4. The book comes with additional resources (mine did): an infographic poster on market structure, mindset concepts, and a bookmark.5. Using multiple timeframes allows a trader to discern higher probability trades and the ability to trade from the short term to the long term.6. An entire trading course for less than $100

I've been actively practicing the methods and strategies Brian clearly lays out in this book for some time now and have seen drastic improvements in my trading execution. I initially found Brian on YouTube via an interview with Evan from TheTradeRisk and found his approach on being a risk manager first and trader second to resonant with me and my trading mentality. That approach coupled with his objective analysis using AVWAP in multiple time frames led me down the rabbit hole of watching every video I could find with him on his trading strategies. I watched and studied them repeatedly. After spending a week of testing out the methods and strategies I gathered from the videos, I knew, without a doubt, that implementing his multi-time frame approach and objective AVWAP analysis into my trading would be a game changer. So, I invested in both his books. "Technical Analysis using Multiple Timeframes" and his latest book "Maximum Trading Gains with Anchored VWAP". The books were better than I expected. Well written and put together with tons of examples. His trading philosophy is inline with mine as I mentioned in regards to risk and his multi timeframe approach with AVWAP analysis provides me with the objective information I need to make educated trading decisions. Purchasing his books and studying his lectures and interviews has been the best money and time I've invested into trading stocks. I'd highly recommend both his books and studying his lectures/interviews as well. Like anything in life, it's not a one size fits all but if you're a risk adverse technical kind of person, there's a good chance these books will be a good fit for you.

At first I was in doubt whether to buy this book, since it's from 2008. You'd say a lot has changed ever since. But this book explains the reasons and psychology behind chart setups/formations/moves - not that 'one hot specific indicator or strategy that works only in market conditions of this year'. Therefore I think this book is timeless, because it simply enriches you with UNDERSTANDING instead of recognizing price movement. I'd say this should be the basic to know, before you go deeper into other technical analysis education. Thanks to this book you will understand any other TA education much better - maybe even better than the one who's teaching you about TA. It's all about the difference between simply recognizing specific chart patterns, and understanding WHY these patterns form.I have found only little downside of this book: for someone whose first language is not English, sometimes it's a bit hard to read because of the difficult words that are used (and my English is not that bad actually). Also: the candlesticks in the charts in this book look really messy because they overlay eachother - this could be on purpose, since it's more about trends than single candlesticks. And in many charts there are moving averages, but in many cases it is not clear what the period of each moving average is - also this could be on purpose, since it's about short/intermediate/long term moving averages. Not one specific period used for the moving average.