Technical Analysis Using Multiple Time Frame By Brian Shannonpdf Full |work| 〈FAST ⇒〉

Introduction

Why Multiple Time Frames Matter

  1. Choose relevant time frames: Select time frames that are relevant to your trading goals and strategy. For example, a day trader might focus on 5-minute, 30-minute, and daily charts, while a long-term investor might examine weekly, monthly, and quarterly charts.
  2. Analyze each time frame: Examine each time frame individually, looking for trends, patterns, and areas of support and resistance.
  3. Look for relationships and correlations: Compare the analysis of each time frame to identify relationships and correlations between them.
  4. Use multiple time frame confluence: Look for areas where multiple time frames converge, such as a support level that appears on both a daily and weekly chart.

Decision: Only look for long setups.

This book is suitable for:

Manage Risk & Position Sizing