Technical Analysis Using Multiple Timeframes | Interview with Brian Shannon CMT
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- เผยแพร่เมื่อ 15 มิ.ย. 2024
- Welcome back to the Market Chat Podcast. Today as our guest we have Brian Shannon, CMT of Alphatrends.net. He is the author of Technical Analysis using Multiple Timeframes and one of my favorite follows on twitter.
In this interview we dive deep into his swing trading method and discuss multi-timeframe analysis, trend alignment, risk management, trading indicators such as the AVWAP, and much more!
Have a good one!
-Richard
Brian's Book: amzn.to/3GLLxk5
Connect with Brian:
alphatrends.net/
/ alphatrends
/ alphatrends
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► / richardmoglen
► richardlmoglen@gmail.com
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Timestamps
0:00 Introductions
1:11 First getting interested in the Markets
1:40 Making 5000 Dollars on his First Trade
2:45 Working as a Broker
4:35 Trading at a Prop Firm
5:15 Starting a Day-Trading Company
6:35 Swing Trade Timeframe
7:42 Early Mistakes Brian Made
8:20 Don't argue with the Market
10:00 Only Price Pays
12:20 Books and Resources
15:35 Mental Side of Trading
16:15 When you commit your money you commit your emotions
16:45 Tools and Resources
20:11 Trading Statistics
23:15 Selling into strength
24:30 Weekend Routine
26:29 Noticing themes in the charts
30:00 Building a weekly Universe List
31:00 Daily Routine
34:20 How many trades during the day does Brian make?
36:40 Preparing for the next day
37:50 Hobbies outside of Trading
38:29 VWAP Volume Weighted Average Price
41:40 How Institutions use the VWAP
44:20 Using the VWAP to judge supply and demand. Who is in control?
47:00 Don't buy the dip when the sellers are in control
49:50 Where to anchor the VWAP
51:40 The VWAP as a benchmark
54:30 Character Change Points
55:25 Moving Averages
58:20 the 5 Day moving average
1:01:30 Trading using Multiple Timeframes, Trend Alignment
1:06:50 Always ask where has it come from?
1:08:00 VWAP Handoffs
1:11:40 LCID Trade
1:13:15 Chase the Gap or wait for VWAP
1:17:25 Daily R2
1:19:25 Position Sizing
1:26:30 BROS Analysis
1:30:30 VWAP Pinch
1:33:00 Don't Buy the dip blindly
1:35:10 Advice for new traders
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Music from Absent Mind: / absentinlife
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Disclaimer
The content of this video is for educational purposes only and should not be taken as a suggestion to buy or sell anything
This is a really good one, we cover a ton of ground in this one and the charting section is fantastic. Please leave a like and share on twitter if you enjoy it!
thanks for having me on Richard
Outstanding interview from the VWAP Master Brian Shannon. Richard this channel is on a league of it’s own. Thanks to you both. 👊
Thanks Tony!
glad you found value in it!
Top Shelf Richard! You are producing and hosting the best trading channel on social media, bringing in the highest level traders with superb quality. Thanks for breaking the barriers of traditional education and making it possible to get into the hearts and minds of traders that I highly respect.
This one is especially important to me as I am striving to learn and align my trading with Brian's process. I highly respect his character and perspective. This kind of exposure is incalculable in value. I'm soaking it up! If there are prophets (not predictors, but truth exposers) in the market, Brian is one!
Cheers
So glad you found it helpful Mark! thanks for watching!
well said...I just want to say Brian's sound quality is a little off. Too brassy?Too much treble? Need some bass in there. I know I'm being picky but if you're listening for 1.5 hrs you want it just right. Great content though and I'm definitely looking forward to Brian's new book.
But the ad I got before the vid said there's an easy way to make money in stocks??? Cant tell you enough how much I appreciate your podcast, Richard. I've learned so much, thank you!
Thanks Yeti! lol
Brian Shannon is amazing, ive tried to find and watch every video hes put out , his trading style is legendary status . Great stuff man
Couldn't agree more!
thank you!
I'm a small cap short side scalper and still found this video immensely helpful.
Great to hear that!
Absolute gem of the session... ❤
"If you're trading without a stop - you're having sex without a condom and you're gonna be a dad. And you probably don't want to be" - Brian Shannon. 🤣 Will def get Brian's book. Thank you, guys! This was🔥🔥🔥
:)
Excellent Content Richard Thanks for all your work you create and share with us.
Money quote: “Be intellectually curious! Dont just ask for answers on Twitter!”
this is great richard and brian! love the vwap, glad this was done!
"Im not a professional tweeter" LOL Tremendous interview. Really great stuff, learned a lot. I know nothing. Psychology of the market and who's in control outstanding. thanks
thank you Chet
Awesome interview, loved it! Thanks Richard for all you do and providing those amazing insights!
My pleasure!
Brian is a fountain of knowledge. Incredible skills.
Another amazing interview, man. Thank you, I appreciate you. Also thank you for always asking these guys about their favorite books. Have you shared your favorite books anywhere?
Good interview. His use of VWAP alone was worth the price of admission.
nice to hear!
Timestamps
0:00 Introductions
1:11 First getting interested in the Markets
1:40 Making 5000 Dollars on his First Trade
2:45 Working as a Broker
4:35 Trading at a Prop Firm
5:15 Starting a Day-Trading Company
6:35 Swing Trade Timeframe
7:42 Early Mistakes Brian Made
8:20 Don't argue with the Market
10:00 Only Price Pays
12:20 Books and Resources
15:35 Mental Side of Trading
16:15 When you commit your money you commit your emotions
16:45 Tools and Resources
20:11 Trading Statistics
23:15 Selling into strength
24:30 Weekend Routine
26:29 Noticing themes in the charts
30:00 Building a weekly Universe List
31:00 Daily Routine
34:20 How many trades during the day does Brian make?
36:40 Preparing for the next day
37:50 Hobbies outside of Trading
38:29 VWAP Volume Weighted Average Price
41:40 How Institutions use the VWAP
44:20 Using the VWAP to judge supply and demand. Who is in control?
47:00 Don't buy the dip when the sellers are in control
49:50 Where to anchor the VWAP
51:40 The VWAP as a benchmark
54:30 Character Change Points
55:25 Moving Averages
58:20 the 5 Day moving average
1:01:30 Trading using Multiple Timeframes, Trend Alignment
1:06:50 Always ask where has it come from?
1:08:00 VWAP Handoffs
1:11:40 LCID Trade
1:13:15 Chase the Gap or wait for VWAP
1:17:25 Daily R2
1:19:25 Position Sizing
1:26:30 BROS Analysis
1:30:30 VWAP Pinch
1:33:00 Don't Buy the dip blindly
1:35:10 Advice for new traders
Priceless! Thanks so much for this index.
Thanks, for this! You’re doing God’s work 😊
Thanks
Thanks Amit!
Awesome interview. Powerful stuff!
Really good interview Rich and Brian, hands on, no BS... thank you, follow Brian from now on
Glad you enjoyed it!
I appreciate that
Brian Shannon is the best! Very smart guy
great episode, Anchored VWAP , what a nice new tool for my toolbox :) I think I will integrate that one in my trading
Great!
"The Perfect Stock" is a really fun read
100%
Nice job with this interview, Brian is the shit. Thanks for putting these together!!
thanks Drum
Excellent Thx for doing this
Amazing interview Richard! Love how much detail there is on the VWAP... Would you consider getting Brian on again (soon ;)) for his thought on the recent movements/downtrends? Keep up the amazing work - subbed and liked!
Awap actually makes sense many times ...this guy is a genius ...
eye opener, thank you!
Our pleasure!
Great interview as usual. thanks.
Our pleasure!
Wow, interesting stuff. Thanks.
Brian is like the Bruce Willis of traders !! The man
absolutely bro... straight to point
This one is lit!!! Worth the wait.
Awesome! enjoy
glad you liked it!
Brian straight guy to the point no BS, rare commodity these days...
Thank you!
THANK YOU.
i really like his book "technical analysis with multiple timeframes"... i really recommend his book guys
Love Brian's style of explaining. I've wanted to better understand the psychology behind technical patterns so I will check out the book The Perfect Stock. When he talks about R2 is he talking about R-Squared? AKA Coefficient of determination?
Pivot point analysis is what to look up to learn more
Thanks Brother
Welcome!
Very knowledgeable trader. Nails it!
Boom!
thats an eye opening stuff. very good
Thanks for watching!
As always an excellent learning opportunity from Brian. Anyone know what Brian uses those vertical lines on his chart?
you are probably referring to the vertical line that I keep from 51 days ago to anticipate turning points for the 50 DMA
Great interview thanks, how Can install 5 days ma on inter day charts? Thx
Choose it from indicators or program your own MA, it's 3-5 lines of code
Good interview.
Thanks David!
Use to love watching Wall Street Week. When you actually had pros that would actually give valuable information and insights.
Use the industry's daily execution benchmark to choose the side of the Composite Man. Brilliantly simple.
Hi richard, your all interview videos are Awesome ！are u going to interview with dan zanger？i think it would be a pretty nice interview if u can do that😍
Can anyone figure out how to get the 5DMA on tradingview to look like his?
Great stuff, thanks! If only there were an algorithm for hanging pictures on walls straight.🤣
Price is the ultimate indicator
100%
Hey Richard, is the Anchored VWAP a paid indicator? Can't find it in TC2000 and on Tradingview doesn't seem to work.
in tc2000 it's a drawing tool
@@RichardMoglen I'm a dero, thanks so much mate!
@@SkellyGamingCreates no prob!
Would love that 1000 stock list and leaders you watch Brian!!!!
Brian would say: do your own work lol
it is a list compiled over time, I add new issues, stocks that are moving I might not have had on and remove stocks when the stocks look broken beyond repair for a while, as they become illiquid, etc. and yeah, what Richard said! :)
Thank you for the video :)
Did you know a good youtubechannel, or some books, or Someone, that i can learn about forex trading ?
I stick with blue chip stocks with a trailing stop loss at the high. If I lose 1% but make 5-6% I'm happy. Still trading small account.
high value channel
Thank you!
C+
16:40
I am still a beginner and having hard time figuring out which sector is hot(where money is being poured currently), i dont trust the news as they always breaks the stories after moves have been made. Can anybody share their system to recognize hot sector?
I would read how to make money in stocks by william o'neil
Lol this guy uses thirds!! :)) I do that
100%
anyone going to talk about the fibs on the wall behind him? iykyk
If Brad Pitt gets into trading he will look exactly like Brian.😶
I know Brian is a smart dude and has been successful selling books and training, but I am always suspicious when a supposed expert trader is unwilling to share actual results. When you really listen to what he is saying, it is mostly just generic fluff.
Thanks
Thank you very much Mark!