Also look for – sometimes authors or publishers offer a free chapter PDF or a timed discount using codes (e.g., “SAVE57” for 57% off). That may be the legitimate origin of the “57” in your search term.

The longer-term chart dictates the overall trend and market structure.

Use the 20-day exponential moving average (EMA) for short-term momentum, and the 50-day and 200-day simple moving averages (SMA) for structural trend health.

Determines the overall trend direction (e.g., Weekly or Daily chart).

Trade the market in front of you, not the one you think you see. Volume confirms price.

Multiple timeframe analysis requires objective tools to measure trend strength and locate value. Moving Averages (MA)

For traders seeking a genuine edge in the markets, looking at just a single chart—whether it’s a 1-minute or a daily timeframe—is rarely enough. The most successful traders consistently evaluate price action across a spectrum of time horizons. This concept of multi-timeframe (MTF) analysis is the foundational principle behind Brian Shannon’s highly regarded book, . This guide explores Shannon’s methodology, explaining how analyzing multiple timeframes helps traders understand market structure, filter out market noise, and align their trades with the dominant trend to achieve a significant probabilistic advantage.

Disclaimer: This article is for educational and informational purposes only and does not constitute financial advice. Trading in financial markets involves substantial risk. Always conduct your own research before making any trading decisions.

Mark the most recent significant peaks and troughs.

Most traders stare at a single chart—usually the daily or 60-minute—and make decisions based solely on that perspective. This is like trying to navigate a mountain road while looking only at your tires. Brian Shannon, a veteran trader and author of Technical Analysis Using Multiple Timeframes , revolutionized how retail traders view the markets by introducing a structured, top-down approach.

If you are looking for free or low-cost ways to study these concepts, consider these authoritative resources:

Determine if the stock is in an uptrend (Stage 2) or a downtrend (Stage 4) on the daily chart.

As the trade moves in your favor, raise your stop-loss to lock in profits. Shannon advises trailing stops behind logical support levels on the intermediate timeframe rather than using arbitrary percentage drops.

What is your preferred for trades (e.g., day trading, swing trading, or long-term investing)?

>