Weaknesses / Limitations
But by Brian Shannon endures because it codifies how large institutions actually trade. Institutions do not look at a 1-minute chart to decide if they want to buy a million shares. They look at the monthly trend, find value on the daily, and execute patiently over hours or days. Weaknesses / Limitations But by Brian Shannon endures
The book outlines several variables Shannon uses to define his methodology: Amazon.com: Technical Analysis Using Multiple Timeframes The book outlines several variables Shannon uses to
The ultimate goal is —finding points where all time frames are aligned in your favor, which dramatically increases the probability of a successful trade. He noticed that the index was in a
John decided to put Shannon's approach into practice. He started by identifying the long-term trend on the daily chart of the S&P 500 index. He noticed that the index was in a strong uptrend, with a series of higher highs and higher lows over the past few months.
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