Standard VWAP resets daily. Anchored VWAP allows you to "anchor" the calculation to a specific significant point in time—usually a major swing low, swing high, or a post-earnings gap.
, creator of Wallstrip, gave the book a place in his "top 10 trading books ever written" list. A reviewer on Seeking Alpha noted that "Brian Shannon brings to life a wonderful entry-level roadmap for a new or struggling trader," citing the large amount of focus on risk control and the "easy-to-read, 182-page trading plan". The book is also recognized by professionals as part of the evolution from Weinstein’s and O’Neil’s methods. Standard VWAP resets daily
Brian Shannon’s Technical Analysis Using Multiple Timeframes (2008) provides a structured approach to trading by emphasizing trend alignment across weekly, daily, and intraday charts. The methodology focuses on "price action pays," advocating for the use of Anchored VWAP to identify supply and demand imbalances and utilizing the four market stages (Accumulation, Markup, Distribution, Markdown) to guide trading decisions. Read more about this approach at Amazon . A reviewer on Seeking Alpha noted that "Brian
"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." — John Ehlers, President of MESA Software The methodology focuses on "price action pays," advocating
A core concept in Shannon's methodology is the market cycle, divided into four distinct stages: (buying at bargain prices), Markup (a sustained bullish trend), Distribution (smart money sells to eager buyers), and Decline (prices fall as selling pressure overwhelms demand). These four stages provide a framework for understanding where a stock is in its economic lifecycle and which trading techniques are most likely to succeed in prevailing market conditions.
Shannon is the founder of , where he provides daily market analysis, educational videos, and live webinars for swing traders. His influence on the trading community is significant—in the book The StockTwits Edge , Howard Lindzon wrote that "it is not by accident that about one-third of the traders featured in this book point to Brian as a mentor who has had the biggest impact on their careers."
Multiple time frame analysis involves analyzing multiple charts with different time frames to gain a more comprehensive understanding of the market. This approach provides several benefits, including: