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.
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/
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
The highlight chapter for me personally was 8 where Brian breaks down trends which is my all-time favorite investment strategy. The chapter alone had 14 different fully colored stock charts all highlighting different aspects of trend trading. He starts with the basics, “…an uptrend is marked by a stock that makes higher highs and higher lows, while a stock in a downtrend makes lower highs and lower lows.” Then Brian moves into explaining what makes a trend successful and how to use multiple time frames to your advantage. The flow is very easy to follow and even being a trader for over six years I still learned something new. Technical Analysis Using Multiple Timeframes is a book that should be on every trader’s shelf, especially when just starting out. The facts, examples, and abundance of knowledge will have me referring back to it page for page in the future.
Blain Reinkensmeyer
Read the full FULL REVIEW and be sure to visit www.stocktradingtogo.com
First, let me preface my first book review by noting that I am extremely skeptical of marketing experts who sell trading systems and technical analysis products. However, I believe the Internet will allow a handful of successful investors and traders to build a loyal following if and only if said followers can make money. Brian is going to be one of those success stories.
If you are serious about becoming a better trader or learning how to improve your buy and sell decisions, Brian’s book will pay for itself the next time you make a transaction. Unlike countless “classics” that spend 200 pages preying on our get-rich-quick tendencies, Brian skips the infomercial and delivers a practical framework we can use to make money or preserve capital.
Damien, Smartguystocks.com
Read the full FULL REVIEW and be sure to visit www.smartguystocks.com
Overall, this is an excellent book, one that I recommend to any trader that is interested in technical analysis. I endorse the book enough so that I have joined the affiliate program and have placed image ads on my blog. I don’t promote too many items on this blog other than books from Amazon but this is surely a product I feel comfortable recommending. Most importantly, the book is not filled with fluff or any unnecessary fat which I believe is its best feature.
Chris Perruna
Read the full FULL REVIEW and be sure to visit Chris's site www.chrisperruna.com
There are very few books written with a clear purpose and very few live upto the promised title. Brian Shannon kept the promise by delivering a great book "Technical Analysis - Using Multiple Time Frames".
Time is one of the most mostly ignored topic for many technical analysts as the Price is more evident and interested piece of information to act on. Brian's ability to convey how to weave and focus multiple time-frames into trading is an excellent presentation.
This book also addresses some of the key topics for traders like 'How and When to Buy' and 'How and When to Sell'. I thought Brian's chapters addressing of how markets react at various stages from Accumulation to Decline was brilliant.
I am quite impressed with his work on this book along with his daily videos. It would be a great honor to recommend "Technical Analysis - Using Multiple Time Frames" for both novice and expert traders.
Suri Duddella
Suri Duddella www.surinotes.com author, Trade Chart Patterns Like the Pros
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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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