Aim for a profit potential that is 2 to 3 times greater than the initial risk. "Technical Analysis Using Multiple Timeframes" Book Summary
When all three timeframes point in the same direction, your probability of a successful trade increases exponentially. Anchored VWAP: A Brian Shannon Stapleton Aim for a profit potential that is 2
Guides the "tactical" view and spots support/resistance zones (e.g., Daily chart). As price moves in your favor, trail your
As price moves in your favor, trail your stop-loss up behind key structural higher lows on the intermediate timeframe (e.g., the 30-minute or 60-minute chart). This locks in open profits and prevents a winning trade from turning into a losing one. Advanced Multi-Timeframe Scenarios In his second book, "Maximum Trading Gains with
For added context, the article will also clarify the status of a free PDF of the book in light of its copyright protection.
In his second book, "Maximum Trading Gains with Anchored VWAP," Brian Shannon explores an advanced application of VWAP. Instead of starting at the beginning of the day, AVWAP allows the trader to anchor the calculation to any significant past event, such as an earnings report gap, a major high or low, or a breakout. AVWAP provides objective, absolute support and resistance levels that can be tracked for weeks or months after the anchor event.
Aim for a profit potential that is 2 to 3 times greater than the initial risk. "Technical Analysis Using Multiple Timeframes" Book Summary
When all three timeframes point in the same direction, your probability of a successful trade increases exponentially. Anchored VWAP: A Brian Shannon Stapleton
Guides the "tactical" view and spots support/resistance zones (e.g., Daily chart).
As price moves in your favor, trail your stop-loss up behind key structural higher lows on the intermediate timeframe (e.g., the 30-minute or 60-minute chart). This locks in open profits and prevents a winning trade from turning into a losing one. Advanced Multi-Timeframe Scenarios
For added context, the article will also clarify the status of a free PDF of the book in light of its copyright protection.
In his second book, "Maximum Trading Gains with Anchored VWAP," Brian Shannon explores an advanced application of VWAP. Instead of starting at the beginning of the day, AVWAP allows the trader to anchor the calculation to any significant past event, such as an earnings report gap, a major high or low, or a breakout. AVWAP provides objective, absolute support and resistance levels that can be tracked for weeks or months after the anchor event.