By Brian Shannon Technical Analysis Using Multiple Link !!install!! Site
Brian Shannon is a highly regarded market technician and educator who pioneered the use of multiple timeframe analysis to understand stock market behavior. His definitive work, Technical Analysis Using Multiple Timeframes
- Entry Signal: A bullish crossover of the 8/21 EMAs on the 4-hour chart while the price is resting on the daily value area low.
- Stop Loss: Place the stop below the recent swing low on the 1-hour chart (not the daily). This tight stop is your reward for using multiple links.
If you are trading a 5-minute chart, your "higher link" should be the 1-hour. Do not try to link a 5-minute entry to a Weekly stop loss. The distance is too great. Your risk will be astronomical. by brian shannon technical analysis using multiple link