If you are a swing trader, your "long-term" chart is the weekly, your "trend" chart is the daily, and your "execution" chart is the 60-minute. Adjust these relative to whether you day trade or invest long-term.
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"Technical Analysis Using Multiple Timeframes" by Brian Shannon, often sought through unofficial sources, is a 2008 text focusing on a top-down, multi-timeframe approach to identifying market trends, primarily through weekly, daily, and intraday chart alignment. Key methodologies include the Four Stages of market cycles, volume analysis, and the use of Anchored VWAP to determine support and resistance. For an official overview, visit Alphatrends Amazon.com If you are a swing trader, your "long-term"
Wait for a healthy pullback or a bullish consolidation pattern (like a flag or a cup-and-handle) to develop on the intermediate timeframe.
Used by day traders and swing traders to pinpoint exact entry and exit triggers with minimal slippage. Used by day traders and swing traders to
What is your preferred ? (Day trading, Swing trading, or Long-term investing?) Which technical indicators do you currently use the most?
Brian Shannon’s "Technical Analysis Using Multiple Timeframes" remains a foundational blueprint for navigating modern financial markets. By teaching traders how to view price action through a multi-dimensional lens, Shannon provides the tools necessary to stay on the right side of the market trend, manage risk aggressively, and execute trades with confidence. manage risk aggressively
The genius of Shannon’s approach is the "Top-Down" method.
If you're interested in learning more about technical analysis using multiple timeframes, I can provide some general information on the topic.
Using multiple timeframes allows traders and investors to gain a more comprehensive understanding of a security's trend and potential future movements. It helps to identify the primary trend, as well as shorter-term trends and patterns that can be used to make trading decisions.