Technical Analysis Using Multiple Time Frame By Brian Shannonpdf Work -

Before you even look for a trade, zoom out. Shannon insists that the weekly chart is non-negotiable for any position lasting more than a day.

Shannon notes that the first pullback against a strong trend is usually a trap. If the market explodes higher on Monday, the first 15-minute red bar on Tuesday is not a "dip to buy." It is a sucker's bet. He waits for the second or third touch of a moving average on the medium time frame before committing capital. Before you even look for a trade, zoom out