His approach is rooted in market psychology—understanding that people are "anchored" to their entry prices. By recognizing where most traders are winning or losing, educated participants can anticipate crowd behavior rather than merely reacting to it. Amazon.com: Technical Analysis Using Multiple Timeframes
– A sustained uptrend characterized by higher highs and higher lows. Stage 3: Distribution risk management (position sizing
Result: The trade has three layers of confirmation. Even if the 15-min pattern fails, the daily and weekly context prevent a large loss. risk management (position sizing
Trading with multiple timeframes does not guarantee profits. It improves probability. Still, risk management (position sizing, stop losses, diversification) remains your most important skill. Brian Shannon’s book provides a framework—you must provide the discipline. risk management (position sizing
Happy trading!