When a setup on a daily chart (e.g., a breakout) matches an intraday trigger (e.g., a 5-minute chart breakout), the probability of a successful trade increases exponentially. 3. The Shannon Approach: Three-Timeframe Strategy
Scan for a stock in a clear Stage 2 uptrend on the daily chart that is currently experiencing a short-term pullback toward a rising 20-day EMA.
Brian Shannon often uses the Daily/Hourly/15-minute combination for swing trading. Here is how the book illustrates a long trade: When a setup on a daily chart (e
Shannon's approach is deeply rooted in , and he is renowned for integrating Volume Weighted Average Price (VWAP) into his multi-timeframe framework. He holds the prestigious Chartered Market Technician (CMT) designation, further validating his expertise in the field. His influence extends beyond his own trading; he is widely credited as a mentor to many other successful traders, and he is known to analyse charts using five different timeframes simultaneously to get a complete picture of market dynamics.
If you want to tailor this framework to your own trading style, tell me: His influence extends beyond his own trading; he
[Daily Chart: Stage 2 Uptrend] └──> [65-Min Chart: Pullback to Support / Flag Pattern] └──> [15-Min Chart: Breakout + Volume Spike] ──> ENTRY
Smart money is taking profits and unloading shares to late-coming retail traders. a 5-minute chart breakout)
: Is there a low-risk pattern developing near an area of value? 3. The Execution Timeframe (The Trigger)
Shannon typically suggests a three-timeframe approach to establish a complete picture:
