If you can't find the book for free, consider:
Shannon warns against using too many timeframes. Three is the magic number. Using more than three (e.g., Monthly, Weekly, Daily, 4H, 1H, 15M, 5M) leads to contradictory signals. Stick to one for trend (weekly), one for setup (daily), and one for entry (60-min).
The book by Brian Shannon focuses on:
The best risk/reward entries occur when the lower timeframe pulls back to the 8 or 21 EMA of the higher timeframe. Example: The daily trend is up, and price pulls back to the daily 21 EMA. Now drop to the 60-minute chart. Wait for a bullish reversal candle on the 60-minute. That’s your entry.
If you can't find the book for free, consider:
Shannon warns against using too many timeframes. Three is the magic number. Using more than three (e.g., Monthly, Weekly, Daily, 4H, 1H, 15M, 5M) leads to contradictory signals. Stick to one for trend (weekly), one for setup (daily), and one for entry (60-min).
The book by Brian Shannon focuses on:
The best risk/reward entries occur when the lower timeframe pulls back to the 8 or 21 EMA of the higher timeframe. Example: The daily trend is up, and price pulls back to the daily 21 EMA. Now drop to the 60-minute chart. Wait for a bullish reversal candle on the 60-minute. That’s your entry.
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