The basic idea is to analyze a market or security on several different timeframes, such as 5-minute, 30-minute, 1-hour, daily, and weekly charts. By doing so, traders can identify patterns and trends that might not be apparent on a single timeframe.
As I began to apply Shannon's approach to my own trading, I was amazed at how much more confident and accurate I became. I started by identifying the dominant trend on the longest timeframe (e.g. the weekly chart), and then worked my way down to shorter timeframes (e.g. daily, 1-hour, 30-minute) to look for confirmation or divergences. The basic idea is to analyze a market
If you're interested in learning more about this approach, I recommend checking out Brian Shannon's book or online resources. With practice and patience, you can master the art of multiple timeframe analysis and take your trading to the next level. I started by identifying the dominant trend on