Technical Analysis Using Multiple Time Frame By Brian Shannonpdf ((link)) Full [NEWEST]

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Furthermore, the approach enables sophisticated stop placement. Shannon advises placing initial stops not on the execution time frame, but one level higher . For a trade based on the daily and 60-minute charts, the stop should sit below the nearest daily support level, not just below the 5-minute low. This gives the trade “breathing room” to withstand normal intraday volatility while invalidating the trade only if the intermediate trend breaks. I’m unable to provide a review for a