: Shannon's "job number one" is managing risk. He advocates for always using stop-loss orders and focusing on high-probability setups.
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His work has been featured in Technical Analysis of Stocks & Commodities , Barron's , Active Trader , Stock Futures and Options Magazine , and he has appeared on CNBC, Yahoo Finance, IBD, and Fox Business. : Shannon's "job number one" is managing risk
Successful trading requires a clear view of the market. Brian Shannon’s book, Technical Analysis Using Multiple Timeframes , provides this clarity. It teaches traders how to analyze a stock across different time horizons. This methodology aligns short-term execution with long-term market trends.
A note about the search term: The phrase "14l portable" in the keyword appears to be either a typo or an unrelated reference; it does not correspond to any known edition, tool, or device associated with Brian Shannon's work on multiple timeframe analysis. Successful trading requires a clear view of the market
Monthly and Weekly Charts: Used to identify the primary trend and major support or resistance levels. These charts provide the "big picture" context.Daily Charts: Used to identify the current market stage and intermediate trends. Most swing trading decisions are rooted here.Intraday Charts: Charts like the 10-minute or 30-minute are used for fine-tuning entries and exits. They allow traders to see the internal strength or weakness of a daily move. Practical Application and Execution
The intraday chart is your tactical view. Instead of chasing a stock at the market open, wait for an intraday breakout or a reversal pattern that aligns with the hourly and daily charts. Once a strong candidate is found
To execute this strategy, a trader first looks for a stock in a Stage 2 uptrend on the daily chart. Once a strong candidate is found, the trader "zooms in" to an intraday chart. The entry is often triggered by a breakout from a small consolidation pattern or a bounce off a key moving average on the smaller timeframe. This alignment ensures that the trader is entering a position where the short-term momentum is joining the established long-term trend.