The book is structured to lead the reader from basic market theory to advanced execution:
Unlike a traditional moving average that only calculates price over a set number of days, the AVWAP blends price and volume starting from a specific, user-defined psychological event. Traders anchor the VWAP to: Earnings release days Major swing highs or swing lows Product launches or regulatory decisions The start of the trading week, month, or year The book is structured to lead the reader
But more than the format, the value lies in Shannon’s rejection of lagging indicators. He argues that most traders use indicators incorrectly because indicators are derived from price on a single time frame. Shannon’s core thesis is simple: Shannon’s core thesis is simple: A sustained uptrend
A sustained uptrend with higher highs and higher lows. This is the primary profit zone for long positions. Brian Shannon is not just an academic; he
Before we dissect the PDF, we must understand the author. Brian Shannon is not just an academic; he is a practicing trader with decades of experience. He is the founder of Alphatrends and the author of the bestselling book "Technical Analysis Using Multiple Time Frames."
Brian Shannon, a well-known technical analyst, introduced the concept of using multiple time frames in technical analysis. His approach emphasizes the importance of analyzing charts across different time frames to gain a more comprehensive understanding of market trends and make more informed trading decisions.
