Not many traders, and fewer authors, truly understand the psychology behind charts, but Brian has a special talent to explain that through his insights born not from theory, but battle tested experience and successful trading—this is rare. Most technical analysis books focus on pattern recognition, but this book explains WHY markets move and HOW patterns form as a result, and without this understanding it is impossible to see deeper into the charts where the real value exists—this most excellent aggregation of insights takes you deep, real deep, into the heart of the matter where profitability exists. Brian's book is an instant classic.
David S. Nassar
Trader and New York Times Best Selling Author
When Brian contacted me awhile back to read and provide a review of his new book "Technical Analysis Using Multiple Timeframes," I couldn't have been more excited. Brian has been blogging about stocks for a long time and his video chart presentations are a unique offering that many find useful. His intense passion for the market and deep love of the game itself is evident in everything Brian does and shares with his readers.
In my opinion, Brian's book is an excellent resource because he is great instructor. Unlike many books on trading written by traders who frankly have a difficult time explaining their methods, Brian shows his skills by breaking down relatively complex ideas in a straightforward manner. Ultimately this makes his book particularly good for traders who are just starting out on the learning curve and those who've found other trading books too complex or difficult to implement in the real world.
Charles Kirk
I always believed Brian Shannon had the "Right Stuff." Whether it was his stock picks, his eclectic blog posts or when he would shower us with his market intelligence in our chatroom. Now comes his outstanding book, "Technical Analysis using Multiple Timeframes." This is a subject that is very dear to me and I practice it every day in our own firm proprietary trading. You might say, and in a way, Brian and I are kindred spirits. But, I must call this masterpiece a true Grand Slam. This book is a MUST READ for all HIGH ALPHA Traders. As always, great job well done, Brian ! All the best;
Fari Hamzei
Founder Hamzei Analytics, LLC www.hamzeianalytics.net/
That’s right, I want you to pick up a copy right the hell now and read in awe as Shannon explains how it’s not just about memorizing chart patterns—anybody who tells you that is a typically useless finance freak—it’s infintely more important to understand how variables, players and emotions align to create shockingly similar, repetitive, and, more importantly, predictable chart patterns. More importantly, Shannon delves into the steps necessary to make sure you stay disciplined—whether that means cutting losses quickly, using stop losses, waiting for pattern confirmation etc.—and that’s the kind of stuff at which most traders—me included—suck aka it’s crucial to learn this stuff if you hope to be a successful trader. In short, you need to read this book, if you don’t, you’re just ignoring a greatly useful resource and that’s not cool.
Tim Sykes
At long last, a common sense approach and explanation of Technical Analysis has been written. Brian Shannon takes what could be a complicated approach to analyzing the markets and translates it into a user-friendly, easily understood language. Not only does he teach the reader to recognize key patterns, but he also explains the philosophy behind the pattern which is even more crucial. His analogy on emotions and news exemplifies one of the key ingredients to being successful in the markets. Shannon teaches his readers a language, the language of what the markets are saying as opposed to what other people may say. Brian, this is brilliant!
T. Kevin Feehan (TK) (Retired member NYSE)
_www.tradingwithtk.com
Video Review
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Brian stresses the two keys to successful trading -- discipline and finding a trading style that suits your style and personality. Without those two concepts, most traders fail. With that in mind, this book has several excellent technical analysis systems, but the chapter on Risk Management is really the key. All traders should find this book to be useful and rewarding.
Lawrence G. McMillan
"The Option Strategist", www.optionstrategist.com President, McMillan Analysis Corp.
In the book, Brian does a good job of clearly explaining his methods and approaches to technical analysis without the incoherent jargon typically associated with some books. He also highlights numerous examples using clear and coherent charts, making this book is an excellent resource for anyone looking to add to their investment 'toolkit'. Brian closes the book with a chapter titled, "Trading Tips and Truisms To Think About". Our favorite on the list? "Smart Money" doesn't always do smart things with their money.
Bespoke Investment Group
"Reading Brian Shannon's TECHNICAL ANALYSIS USING MULTIPLE TIMEFRAMES will have a profound impact on your trading experience. He clearly explains the market structure so you can discern clarity from what otherwise might appear random. The result is an outline of a trading approach that can be successfully applied regardless of your particular timeframe preference. I found it particularly rewarding to see his emphasis on risk management. The chapter on trading tips reflect Brian's deep understanding of the market. His book is on the top shelf of my library."
John Ehlers
President MESA Software
Over the years I have become more of an investor than trader, but that has not reduced the importance of risk, psychology and money management, all of which I get from Brian's book and website as I peruse the charts and his technical analysis skills. The book is a great read and combined with his daily website updates you have all the technical analysis ideas and coaching you need to make money consistently.
Howard Lindzon
Creator of www.wallstrip.com VIDEO REVIEW
Brian Shannon's book technical analysis through multiple time frames is a modern day version of Stan Weinstein's trading principles applied to 21st Century technology. Brian takes difficult technical analysis concepts and explains them in a way that makes them easy to understand and comprehend.
Brian emphasies the psychology of trading through discipline and the importance of creating a trading style that fits your personality. Most traders fail because they have no plan and lack discipline. The chapter on risk management and exit strategies is invaluable to anyone that is a trader.
After reading this book and applying the principles to your own trading style you will be well on your way to financial freedom. I highly recommend reading this book if you are serious about consistently making money in the markets.
“Gordon Gekko”
Brian Shannon has the rare ability to take difficult concepts and make them understandable to anyone. His lessons on technical analysis should part of the daily routine for any trader or investor looking to become more profitable. With the release of Technical Analysis using Multiple Time Frames, disciplined investors now have a new tool to help decipher the often complex art/science of charting the markets. The cherry on top of this wonderful book is his use of full color charting and tables. DO NOT invest one cent before you read this book.
Andrew Horowitz
Money Manager Author of The Disciplined Investor - Essential Strategies for Success The Disciplined Investor
In Technical Analysis Using Multiple Timeframes, Brian Shannon takes the reader through the essentials of technical analysis and then illustrates how to integrate those into a coherent trading methodology. From the phases of stock movement to price/volume relationships and risk management, Brian brings his topics to life with concrete and practical illustrations and explanations. This is an excellent resource for all technically-oriented traders; anyone who has enjoyed Brian's video insights on the Alpha Trends blog will surely appreciate the way he synthesizes those lessons in this book.
Brett N. Steenbarger, Ph.D.
_Author, Enhancing Trader Performance TraderFeed _
By conveying the psychology behind the market conditions expressed by charts, Mr. Shannon has conferred upon technical analysis what was in my mind a much-needed air of legitimacy. Rather than explicate the newest fads for identifying bullish candlestick formations in stocks, he articulates the underlying dynamics of supply and demand that heretofore have been under-emphasized in technical analysis literature. In doing so, the book doesn’t just establish TA as something more than “a great way to predict where stocks have been”, it establishes it as indispensable tool for well-informed trading.
But the book isn’t only about the true nature of moving averages and trend lines (though, even it were, it would still be more than worth the price of admission). By expounding the inextricable influences of timing, risk management, and self-discipline, Shannon has written a book that wraps everything up into a complete guide for formulating your own approach to successful trading.
What’s more, Technical Analysis Using Multiple Timeframes succeeds in all of this in less than two hundred pages. The result is a book that’s to-the-point, and filled with quick–yet sufficiently elaborate–insights. While reading this book, I often felt as if every other sentence was quote-worthy. I could readily picture Shannon as having employed such maxims countless times while giving instruction to the thousands of students of trading that he’s taught over the years. If you flip the book open to any random page, you’re sure to find at least a dozen fresh insights.
iBankCoin