Brian Shannon’s Technical Analysis Using Multiple Timeframes (2008) provides a foundational framework for traders to analyze market structure by aligning weekly, daily, and intraday price action to identify high-probability setups. Key techniques include focusing on market cycles—accumulation, markup, distribution, and markdown—and using the Anchored VWAP to determine objective support and resistance levels. For more details, visit Goodreads.
The keyword “14L portable” likely refers to a 14-liter portable device—perhaps a small laptop, an external monitor, or a tablet bag. While it has no direct link to Shannon’s book, we can use it as a springboard for an important trading tip: Step 1 — Start with the Higher Timeframe
| Mistake | Shannon’s Fix | |---------|----------------| | Using too many timeframes (e.g., 1-min, 5-min, 15-min, 1-hour, 4-hour) | Stick to three: Higher, Intermediate, Lower. | | Forcing alignment when markets are choppy | Sit out. No trade is better than a bad trade. | | Ignoring volume across timeframes | Volume must confirm price moves on both daily and hourly. | | Trading against the higher timeframe | Only take trades in the direction of the weekly trend. | Up : Price above rising 200 SMA, higher highs/lows
Ask: Is the trend up, down, or sideways? prior day’s close
No indicator replaces raw price levels. He marks previous week’s high/low, prior day’s close, and volume nodes.