Examine individual changes

'@@ -1,3 +1,2 @@ -{{Advert|date=January 2021}} {{Infobox writer |image = BrianShannon.png @@ -18,49 +17,22 @@ '''Brian Shannon''', [[Chartered Market Technician|CMT]] (November 16, 1967) is an American [[author]], equity trader, and [[technical analysis|technical analyst]]. Shannon published his acclaimed book entitled ''[https://books.google.co.nz/books?id=yZ_9tgAACAAJ&dq=Technical+Analysis+Using+Multiple+Timeframes&hl=en&sa=X&ved=0ahUKEwix7IrpsJjlAhVH6XMBHeOjD7UQ6AEIKTAA Technical Analysis Using Multiple Timeframes]'' in 2008 to educate beginning and intermediate traders on the tools and techniques that have made him "one of the best indie traders in the business". The book is ranked as the 4th top trading book on Amazon.<ref>{{cite web |url=https://www.newtraderu.com/2020/10/24/35-best-trading-books-of-all-time-based-on-amazon-ratings/}}</ref> Shannon currently focuses on trading, providing daily focused market analysis, and educating swing traders. - -In the book ''The Stocktwits Edge,''<ref>{{cite book |last1=Lindzon |first1=Howard |last2=Pearlman |first2=Philip |last3=Ivanhoff |first3=Ivaylo |title=The StockTwits Edge, Enhanced Edition: 40 Actionable Trade Set-Ups from Real Market Pros |url=https://books.google.com/books?id=r2wBIhKFT-IC |publisher=John Wiley & Sons |access-date=14 January 2021 |language=en |date=5 July 2011|isbn=9781118095577 }}</ref> [[Howard Lindzon]] wrote "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." - -Shannon runs a swing [[trading room|trading service]] which is focused on: low risk, high probability trade ideas presented as daily educational videos and a chat room through his '''Alphatrends.net''' web site as well as live webinars.{{citation needed|date=January 2021}} - -Shannon trades using multiple timeframes.<ref>{{cite web |title="I trade using multiple timeframes." by Brian Shannon |url=https://www.cmcmarkets.com/en-gb/opto/i-trade-using-multiple-timeframes-by-brian-shannon |website=www.cmcmarkets.com |access-date=14 January 2021 |language=en-gb}}</ref> He is known to have a weekly chart, a daily chart, a 30-minute timeframe, a 15-minute timeframe and a five-minute timeframe so he can see five time-frames at once. This allows Shannon to see the interplay of bigger trends with shorter-term timeframe trends. ==Background== -Shannon was born in [[Denver, Colorado]] though his parents lived in [[Aurora, Colorado]] at the time. They later moved to [[Andover, Massachusetts]] where he grew up.<ref name=Davio2011>{{cite journal |author=Davio, Matt |title=Brian Shannon (AlphaTrends) Extended Stock Trader and Background Interview |date=2011-04-29 |publisher=MarketHeist |url=http://marketheist.com/2011/04/29/brian-shannon-alphatrends-extended-stock-trader-and-background-interview/ |access-date=2013-07-01 |journal= |archive-date=2014-02-22 |archive-url=https://web.archive.org/web/20140222020441/http://marketheist.com/2011/04/29/brian-shannon-alphatrends-extended-stock-trader-and-background-interview/ |url-status=dead }}</ref> - -Shannon watched [[Louis Rukeyser]] on ''[[Wall $treet Week]]'' with his physician father as a child.<ref name=Davio2011/><ref name=ActiveTrader2007>{{cite journal |author=Staff |title=The face of trading: Trend and time frame (Interview of Brian Shannon) |year=2007 |volume=8 |issue=7 |journal=Active Trader Magazine }}</ref> He placed his first trade with money earned as a [[caddie]] and his newspaper route when he was 13 years old.<ref name=ActiveTrader2007/> He was living in Boston and car thefts were common so he bought shares of [[LoJack]] at $US 5.00 and watched the stock double over the next three months.<ref name=ActiveTrader2007/><ref name=HoffmanInterview2009>{{cite journal |author=Hoffman, Damien |title=Exclusive Interview: Top Pro Trader Brian Shannon |date=2009-08-26 |publisher=Wall St Cheat Sheet |url=http://wallstcheatsheet.com/interview-knowledge/exclusive-interview-pro-trader-brian-shannon.html/ |access-date=2013-06-28 |archive-url=https://web.archive.org/web/20130609093228/http://wallstcheatsheet.com/interview-knowledge/exclusive-interview-pro-trader-brian-shannon.html/ |archive-date=2013-06-09 |url-status=dead }}</ref> +Shannon was born in [[Denver, Colorado]], though his parents lived in [[Aurora, Colorado]] at the time. They later moved to [[Andover, Massachusetts]] where he grew up.<ref name=Davio2011>{{cite journal |author=Davio, Matt |title=Brian Shannon (AlphaTrends) Extended Stock Trader and Background Interview |date=2011-04-29 |publisher=MarketHeist |url=http://marketheist.com/2011/04/29/brian-shannon-alphatrends-extended-stock-trader-and-background-interview/ |access-date=2013-07-01 |journal= |archive-date=2014-02-22 |archive-url=https://web.archive.org/web/20140222020441/http://marketheist.com/2011/04/29/brian-shannon-alphatrends-extended-stock-trader-and-background-interview/ |url-status=dead }}</ref> -Shannon went to High School at [[Austin Preparatory School]] where he graduated in 1986. He then went on to receive a [[Bachelor of Arts]] in [[Business Management]] from [[Merrimack College]] in 1991.<ref name=Davio2011/> +Shannon graduated from [[Austin Preparatory School]] in 1986 and went on to receive a [[Bachelor of Arts]] in [[Business Management]] from [[Merrimack College]] in 1991.<ref name="Davio2011" /> Shannon has two sons, Matthew and Ryan, and currently resides in Denver, CO.<ref name=Davio2011/> ==Career== -After college Shannon worked for a penny stock company called Thomas James for a couple of months before taking a position as a [[stockbroker]] with [[Lehman Brothers]] in Boston, MA where he was first exposed to technical analysis.<ref name=Davio2011/><ref name=ActiveTrader2007/> Even though his interest in the market was founded at an early age his real passion for this line of work began with the chart analysis he was exposed to at Lehman Brothers.<ref name=Davio2011/> He moved to [[Tucker Anthony]] in 1992. From 1994 to 1998 Shannon worked as a stockbroker for [[Dain Rauscher Wessels#Dain Bosworth and Inter-Regional Financial Group|Dain Bosworth]] in Denver, CO. He spent a short period as a trader for Generic Trading, LLC in New York, NY before moving to Denver, CO to run Landmark Securities as a [[General Securities Principal Exam|Series 24 Manager]]. From 1999 to 2006, Shannon was Lead Trader and the Director of Research at MarketWise Securities before creating Alphatrends in 2006.<ref name=Brecht2005>{{cite journal |author=Brecht, Kira McCaffrey |title=Trading the Indicators. Be your own analyst: Understanding Volume |year=2005 |volume=4 |issue=8 |journal=SFO Magazine }}</ref><ref name=Yakal2006>{{cite news |author=Yakal, Kathy |title=The electronic investor: Shared intelligence |date=2006-10-23 |newspaper=[[Barron's (newspaper)|Barron's]] |page=35 }}</ref> - -Over the course of his career he has held [[Series 7 Exam|Series 7]], 24, and [[Uniform Securities Agent State Law Exam|63]] licenses however they were all expired by 2013. Later in 2013, Shannon passed the [[Chartered Market Technician]] (CMT) exam.<ref name=ShannonCMT>{{cite tweet|user=alphatrends|author=Brian Shannon|number=410538794262077440|date=10 December 2013|title=how embarrassing would it have been if I failed? :) @MarketTechAssoc}}</ref> - -He has been described as "one of the best indie traders in the business"<ref name=Capel2009>{{cite journal |author=Capel, Alex |title=Level 2: Video Tutorial With Brian Shannon |date=2009-06-19 |publisher=Wall St. Cheat Sheet |url=http://wallstcheatsheet.com/trading/level-2-video-tutorial-with-brian-shannon.html/ |access-date=2013-06-28 |archive-url=https://web.archive.org/web/20130903004632/http://wallstcheatsheet.com/trading/level-2-video-tutorial-with-brian-shannon.html/ |archive-date=2013-09-03 |url-status=dead }}</ref> Shannon is a trend trader that focuses on price of primarily [[NASDAQ]] stocks.<ref name=ActiveTrader2007/><ref name=Brecht2005/><ref name=HoffmanBook2009>{{cite journal |author=Hoffman, Damien |title=Book Review: Technical Analysis Using Multiple Timeframes |date=2009-12-08 |publisher=Wall St. Cheat Sheet |url=http://wallstcheatsheet.com/stocks/book-review-technical-analysis-using-multiple-timeframes.html/ |access-date=2013-06-28 |archive-url=https://web.archive.org/web/20130404071145/http://wallstcheatsheet.com/stocks/book-review-technical-analysis-using-multiple-timeframes.html/ |archive-date=2013-04-04 |url-status=dead }}</ref> Shannon is not influenced by the rumors or news surrounding a stock though he does pay attention to the [[Volatility (finance)|volatility]] created by these events.<ref name=BedigianAAPL>{{cite journal |author=Bedigian, Louis |title=Apple Could Hold iRadio Announcement Until September |date=2013-06-04 |publisher=benzinga.com |url=http://www.benzinga.com/analyst-ratings/analyst-color/13/06/3647579/apple-could-hold-iradio-announcement-until-september# |access-date=2013-06-28 }}</ref><ref name=ShannonSFO2009>{{cite journal |author=Shannon, Brian |title=Day Trader's Delight: Volatility |year=2009 |volume=8 |issue=3 |journal=SFO Magazine }}</ref> Shannon also believes every trader must define the risk and reward of and trade before taking the position.<ref name=ShannonTP2013>{{cite journal |author=Shannon, Brian |title=Risk management: Two questions to ask before you enter any trade |date=Summer 2013 |journal=TraderPlanet Digital Journal |url=http://www.traderplanet.com/journal/issue/2/page/46/ |access-date=2013-06-28 |archive-url=https://web.archive.org/web/20130609151247/http://www.traderplanet.com/journal/issue/2/page/46/ |archive-date=2013-06-09 |url-status=dead }}</ref><ref name=hamzeianalytics2007>{{cite journal |author=Hamzei, Fari |title=A Trading Room Session with Brian Shannon |date=2007-04-10 |publisher=Hamzei Analytics |url=http://www.hamzeianalytics.com/docs/HA_TRS_041007.pdf |archive-url=https://web.archive.org/web/20131206172738/http://www.hamzeianalytics.com/docs/HA_TRS_041007.pdf |url-status=dead |archive-date=2013-12-06 |access-date=2013-07-30 }}</ref> - -In the 2013 [[E-book]] on ''THE BEST OF THE BEST'' by Brian Lund, Shannon's planning and analysis styles from StockTwits are quoted.<ref name=Lund2013>{{cite book |author=Lund, Brian |title=TRADING: THE BEST OF THE BEST - Top Trading Tips for Our Times |date=March 2013 |publisher=BCLund.com Blog |url=http://bclund.com/free-ebook-on-trading/ |access-date=2013-08-10 |archive-url=https://web.archive.org/web/20130708042624/http://bclund.com/free-ebook-on-trading/ |archive-date=2013-07-08 |url-status=dead }}</ref><ref name=SizemoreForbes>{{cite journal |author=Sizemore, Charles |title=A New Kind Of Investing Book? Brian Lund Offers Advice From Real World Traders |journal=[[Forbes]] |date=2013-08-08 |url=https://www.forbes.com/sites/moneybuilder/2013/08/08/a-new-kind-of-investing-book-brian-lund-offers-advice-from-real-world-traders/ |access-date=2013-08-10}}</ref> - -Shannon appeared on the [[Fast Money (CNBC)#Fast Money Halftime Report|CNBC Halftime Report]] in 2014 with Scott Wapner discussing charts for [[Tesla Motors]], [[Caesars Entertainment Corporation]], overall [[Market trend|market direction]] as well as his view on managing risk.<ref name=022014CNBC>{{cite web |title=Why a 'technical eye' can make you money |publisher=[[Fast Money (CNBC)]] |url=http://video.cnbc.com/gallery/?video=3000247510 |access-date=2014-02-20}}</ref> - -===Trader education=== -Shannon began educating and mentoring people about technical analysis and trading techniques at MarketWise.<ref name=ShannonSFO2004>{{cite journal |author=Shannon, Brian |title=Seven ways to say goodbye. Exit Strategies: A critical element in trading success |year=2004 |volume=3 |issue=1 |journal=[[SFO Magazine]] }}</ref><ref name=ActiveTrader2004>{{cite journal |author=Staff |title=The face of trading: Scalpels and scalping |year=2004 |volume=5 |issue=10 |journal=Active Trader Magazine }}</ref> - -Alphatrends was created by Shannon in 2006 where his active participation in financial education included [[blog]] posts as well as daily video updates.<ref name=Yakal2006/><ref name=SegalNYT>{{cite news |author=Segal, David |title=Day Traders 2.0: Wired, Angry and Loving It |date=March 27, 2010 |newspaper=[[The New York Times]] |url=https://www.nytimes.com/2010/03/28/business/28trader.html?_r=2&pagewanted=1& |access-date=2013-10-16 }}</ref> The blog was called the "[[YouTube]] of technical analysis" by the editor of ''[[Technical Analysis of Stocks & Commodities]]'' in describing Shannon's teaching and occasional reviews of the ''[[Wallstrip]]'' stock of the day picks.<ref name=Gopalakrishnan2007>{{cite journal |author=Gopalakrishnan, Jayanthi |title=Websites for traders |date=March 2007 |journal=[[Technical Analysis of Stocks & Commodities]] |page=86 }}</ref> As of 2010, over 400 people subscribed to Shannon's trading service.<ref name=Macsai2010>{{cite magazine |author=Macsai, Dan |title=Trading Places: Inside the Internet's first financial-news network-a mashup of CNBC, the Bloomberg terminal, and the real-time Web. |date=June 2010 |magazine=[[Fast Company (magazine)|Fast Company]] |url=http://www.fastcompany.com/1647007/next-money-how-stocktwits-changes-trading |access-date=2013-08-03 }}</ref> - -Shannon's primary focus is on price action and he registered the domain www.onlypricepays.com after repeatedly referencing that phrase since 2005. Technical trading tools and indicators like the [[Volume-weighted average price|VWAP]] and [[moving average]]s are taught and talked about in Shannon's Alphatrends posts.<ref name=HoffmanBook2009/><ref name=ShannonSFO2009/> Shannon does look at [[Volume (finance)|volume]] because it shows him "the collective psychology of the participants if they are fearful or overly optimistic"<!-- Page 124 --> but advises traders to use price to position their exit rather than volume<!-- Page 126 -->.<ref name=Sether2007>{{cite book |author=Sether, Laura |title=Personal Investor Series: Technical Analysis |year=2007 |publisher=W&A Publishing |isbn=978-1-934354-01-8 }}</ref> His approach is focused on assisting people apply these to make decisions about market direction and risk management.<ref name=ShannonSFO2003>{{cite journal |author=Shannon, Brian |title=Savvy speculators sell short, but they're not always right |year=2003 |journal=[[SFO Magazine]] }}</ref> Shannon asserts that "you must have a backup plan for every situation. And you must do this before you enter your every trade".<ref name=Bellafiore>{{Cite book |last1=Bellafiore |first1=Mike |title=One good trade: inside the highly competitive world of proprietary trading |year=2010 |publisher=Wiley | isbn=978-0-470-52940-9 |pages=368 }}</ref><!-- Page 45 --> - -An early user and skeptic of the [[StockTwits]] network, Shannon likes the ability to gain different perspectives on trades and the open honest atmosphere.<ref name=HoffmanBook2009/> +Shannon watched [[Louis Rukeyser]] on ''[[Wall $treet Week]]'' with his physician father as a child.<ref name="Davio2011" /><ref name="ActiveTrader2007">{{cite journal|author=Staff|year=2007|title=The face of trading: Trend and time frame (Interview of Brian Shannon)|journal=Active Trader Magazine|volume=8|issue=7}}</ref> He placed his first trade with money earned as a [[caddie]] and his newspaper route when he was 13 years old.<ref name="ActiveTrader2007" /> He was living in Boston and car thefts were common so he bought shares of [[LoJack]] at $US 5.00 and watched the stock double over the next three months.<ref name="ActiveTrader2007" /><ref name="HoffmanInterview2009">{{cite journal|author=Hoffman, Damien|date=2009-08-26|title=Exclusive Interview: Top Pro Trader Brian Shannon|url=http://wallstcheatsheet.com/interview-knowledge/exclusive-interview-pro-trader-brian-shannon.html/|url-status=dead|publisher=Wall St Cheat Sheet|archive-url=https://web.archive.org/web/20130609093228/http://wallstcheatsheet.com/interview-knowledge/exclusive-interview-pro-trader-brian-shannon.html/|archive-date=2013-06-09|access-date=2013-06-28}}</ref> -===Mentoring=== -Shannon provides mentoring services for new traders looking to improve their performance in the markets. He likes to mentor people with "street smarts" that can anticipate their thought flow and actions.<ref name=HoffmanBook2009/> In the book ''The Stocktwits Edge'' [[Howard Lindzon]] wrote "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."<ref name=StockTwitsEdge>{{cite book |author=Lindzon, Howard |author-link=Howard Lindzon |author2=Pearlman, Philip |author3=Ivanhoff, Ivaylo |title=The StockTwits Edge: 40 Actionable Trade Set-Ups from Real Market Pros |publisher=Wiley Trading |year=2011 |isbn=978-1118029053 }}</ref><!-- Page 67 --> +After college, Shannon worked for a penny stock company called Thomas James for a couple of months before taking a position as a [[stockbroker]] with [[Lehman Brothers]] in Boston, MA where he was first exposed to technical analysis.<ref name="Davio2011" /><ref name="ActiveTrader2007" /> He moved to [[Tucker Anthony]] in 1992 and worked as a stockbroker for [[Dain Rauscher Wessels#Dain Bosworth and Inter-Regional Financial Group|Dain Bosworth]] from 1994 to 1998 Shannon. He spent a short period as a trader for Generic Trading, LLC in New York, NY before moving to Denver, CO to run Landmark Securities as a [[General Securities Principal Exam|Series 24 Manager]]. From 1999 to 2006, Shannon was Lead Trader and the Director of Research at MarketWise Securities, <ref name="Brecht2005">{{cite journal |author=Brecht, Kira McCaffrey |title=Trading the Indicators. Be your own analyst: Understanding Volume |year=2005 |volume=4 |issue=8 |journal=SFO Magazine }}</ref><ref name="Yakal2006">{{cite news |author=Yakal, Kathy |title=The electronic investor: Shared intelligence |date=2006-10-23 |newspaper=[[Barron's (newspaper)|Barron's]] |page=35 }}</ref> where he began educating and mentoring people about technical analysis and trading techniques.<ref name="ShannonSFO2004">{{cite journal|author=Shannon, Brian|year=2004|title=Seven ways to say goodbye. Exit Strategies: A critical element in trading success|journal=[[SFO Magazine]]|volume=3|issue=1}}</ref><ref name="ActiveTrader2004">{{cite journal|author=Staff|year=2004|title=The face of trading: Scalpels and scalping|journal=Active Trader Magazine|volume=5|issue=10}}</ref> -Many notable traders have considered Shannon one of their mentors. Trader and author [[Anne-Marie Baiynd]] counts Shannon as one of her mentors for teaching her about time frame analysis.<ref name=Baiynd2009>{{cite journal |author=Staff |title=The face of trading: Blocking out the noise. (Interview with Anne-Marie Baiynd) |year=2009 |volume=10 |issue=8 |journal=Active Trader Magazine |page=50 }}</ref> Baiynd references Shannon in her 2011 book as having never "met anyone in the work world who is so willing to share knowledge and insight with aspiring trader".<ref name=Baiynd2011>{{cite book |author=Baiynd, Anne-Marie |author-link=Anne-Marie Baiynd |title=The Trading Book: A Complete Solution to Mastering Technical Systems and Trading Psychology |publisher=[[McGraw-Hill]] |isbn=9780071766494 |pages=272 |year=2011 |url=http://www.mcgraw-hill.com.au/html/9780071766494.html |access-date=2013-04-26 |archive-url=https://web.archive.org/web/20120325050543/http://mcgraw-hill.com.au/html/9780071766494.html |archive-date=2012-03-25 |url-status=dead }}</ref> Retired [[Major League Baseball]] starting pitcher [[Todd Stottlemyre]] cites the mentorship of Shannon and Joe Donohue with his success.<ref name=Stottlemyre2009>{{cite journal |author=Staff |title=The face of trading: Play ball (Interview with Todd Stottlemyre) |year=2009 |volume=10 |issue=7 |journal=Active Trader Magazine |page=54 }}</ref> Multi-millionaire Hedge Fund trader and author [[Timothy Sykes]] also cites Shannon as a mentor.<ref name=Sykes2008>{{cite journal |author=Sykes, Timothy |author-link=Timothy Sykes |title=Why Brian Shannon Of AlphaTrends Is A Great Trading Teacher For Real Stocks |date=2008-12-13 |publisher=timothysykes.com |url=http://www.timothysykes.com/2008/12/why-brian-shannon-of-alphatrends-is-a-great-trading-teacher-for-real-stocks/ |access-date=2013-08-03 |archive-url=https://web.archive.org/web/20140222155142/http://www.timothysykes.com/2008/12/why-brian-shannon-of-alphatrends-is-a-great-trading-teacher-for-real-stocks/ |archive-date=2014-02-22 |url-status=dead }}</ref> +In 2006, Shannon started his financial education blog Alphatrends.<ref name="Yakal2006" /><ref name="SegalNYT">{{cite news|author=Segal, David|date=March 27, 2010|title=Day Traders 2.0: Wired, Angry and Loving It|newspaper=[[The New York Times]]|url=https://www.nytimes.com/2010/03/28/business/28trader.html?_r=2&pagewanted=1&|access-date=2013-10-16}}</ref> The blog was called the "[[YouTube]] of technical analysis" by the editor of ''[[Technical Analysis of Stocks & Commodities]]''.<ref name="Gopalakrishnan2007">{{cite journal|author=Gopalakrishnan, Jayanthi|date=March 2007|title=Websites for traders|journal=[[Technical Analysis of Stocks & Commodities]]|page=86}}</ref> As of 2010, over 400 people were subscribed to Shannon's trading service.<ref name="Macsai2010">{{cite magazine|author=Macsai, Dan|date=June 2010|title=Trading Places: Inside the Internet's first financial-news network-a mashup of CNBC, the Bloomberg terminal, and the real-time Web.|url=http://www.fastcompany.com/1647007/next-money-how-stocktwits-changes-trading|magazine=[[Fast Company (magazine)|Fast Company]]|access-date=2013-08-03}}</ref> -==Book== -''Technical Analysis Using Multiple Timeframes'' was published by Shannon in 2008.<ref name=Timeframes>{{cite book |author=Shannon, Brian |year=2008 |title=Technical Analysis Using Multiple Timeframes |isbn=978-159879580-6 |publisher=LifeVest Publishing, Inc. }}</ref> The book was written to assist traders new to technical analysis with intermediate level material such as market structure and trend alignment.<ref name=HoffmanBook2009/><ref name=SeekingAlphaReview2009>{{cite web |author=staff |title=Book Review: Brian Shannon's 'Technical Analysis Using Multiple Timeframes' |publisher=[[Seeking Alpha]] |date=2009-04-30 |url=http://seekingalpha.com/article/134296-book-review-brian-shannon-s-technical-analysis-using-multiple-timeframes |access-date=2013-07-01 }}</ref> Though the book has been referred to as a "textbook", it is not “'dry', boring and difficult".<ref name=HoffmanBook2009/><ref name=Dobson2009>{{cite web |author=Dobson, Edward |title=Review of The Technical Analysis Course Using Multiple Timeframes By Brian Shannon |year=2009 |publisher=ragingbull.com |url=http://ragingbull.com/bullseye/node/1027 |access-date=2013-07-30 |url-status=dead |archive-url=https://web.archive.org/web/20090105204513/http://www.ragingbull.com/bullseye/node/1027 |archive-date=2009-01-05 }}</ref> The book is filled with advice and “nifty” sayings to assist the reader's memory.<ref name=Dobson2009/> Timothy Sykes called the book the "single most accurate/honest/understandable book on charting since Steve Nison’s classic: Japanese Candlestick Charts."<ref name=SykesReview2008>{{cite web |author=Sykes, Timothy |author-link=Timothy Sykes |title=Book Review: Either Read Technical Analysis Using Multiple Timeframes By Brian Shannon Or Lose Money Trading |date=2008-06-30 |publisher=timothysykes.com |url=http://www.timothysykes.com/2008/06/book-review-either-read-technical-analysis-using-multiple-timeframes-by-brian-shannon-or-lose-money-trading/ |access-date=2013-07-30 }}</ref> Alex Capel at Wall St Cheat Sheet called the book a "must-have" for new and intermediate traders and [[Howard Lindzon]] added it to his top ten trading books in 2008.<ref name=Capel2009/><ref name=Lindzon2008>{{cite web |author=Lindzon, Howard |author-link=Howard Lindzon |title=Howard's Book Review - Technical Analysis by Brian Shannon |date=2008-06-13 |publisher=[[YouTube]] |url=https://www.youtube.com/watch?v=JdjgtTT-onc |access-date=2013-07-30 }}</ref> Edward Dobson, the President of Traders Press Inc. also noted that Shannon's book "earns a place in my 'top 10 trading books ever written' list".<ref name=Dobson2008>{{cite web |author=Dobson, Edward |title=Top Ten Trading Books Ever Written |date=2008-09-30 |url=http://alphatrends.blogspot.com/2008/09/top-ten-trading-books-ever-written.html |access-date=2013-08-03 }}</ref> [[Charles E. Kirk]] of The Kirk Report noted that while many traders struggle to explain their methods, Shannon broke down "relatively complex ideas" in a very "straightforward manner".<ref name=Kirk2008>{{cite web |author=Kirk, Charles |author-link=Charles E. Kirk |title=10 Questions For Brian Shannon |date=2008-05-15 |url=http://www.istockanalyst.com/article/viewarticle/articleid/1893040 |access-date=2013-08-03 |url-status=dead |archive-url=https://web.archive.org/web/20141221024210/http://www.istockanalyst.com/article/viewarticle/articleid/1893040 |archive-date=2014-12-21 }}</ref> The [[Market Technicians Association]] review of the book called it "readable and valuable" for both novices and experienced traders.<ref name=MTA2009>{{cite journal |author=Carr, Mike |title=Technically Speaking: Technical Analysis Using Multiple Time Frames by Brian Shannon |year=2009 |publisher=[[Market Technicians Association]] |url=http://www.mta.org/eweb/docs/technically-speaking/09-february/printable/tamultipletimeframes.html |access-date=2013-08-03 |url-status=dead |archive-url=https://web.archive.org/web/20131127150250/http://www.mta.org/eweb/docs/technically-speaking/09-february/printable/tamultipletimeframes.html |archive-date=2013-11-27 }}</ref> +In 2008, Shannon published his book ''[https://books.google.co.nz/books?id=yZ_9tgAACAAJ&dq=Technical+Analysis+Using+Multiple+Timeframes&hl=en&sa=X&ved=0ahUKEwix7IrpsJjlAhVH6XMBHeOjD7UQ6AEIKTAA Technical Analysis Using Multiple Timeframes]''<ref name="Timeframes">{{cite book|author=Shannon, Brian|title=Technical Analysis Using Multiple Timeframes|publisher=LifeVest Publishing, Inc.|year=2008|isbn=978-159879580-6}}</ref> The book was written to assist traders new to technical analysis with intermediate level material such as market structure and trend alignment.<ref name="HoffmanBook2009">{{cite journal|author=Hoffman, Damien|date=2009-12-08|title=Book Review: Technical Analysis Using Multiple Timeframes|url=http://wallstcheatsheet.com/stocks/book-review-technical-analysis-using-multiple-timeframes.html/|url-status=dead|publisher=Wall St. Cheat Sheet|archive-url=https://web.archive.org/web/20130404071145/http://wallstcheatsheet.com/stocks/book-review-technical-analysis-using-multiple-timeframes.html/|archive-date=2013-04-04|access-date=2013-06-28}}</ref><ref name="SeekingAlphaReview2009">{{cite web|author=staff|date=2009-04-30|title=Book Review: Brian Shannon's 'Technical Analysis Using Multiple Timeframes'|url=http://seekingalpha.com/article/134296-book-review-brian-shannon-s-technical-analysis-using-multiple-timeframes|access-date=2013-07-01|publisher=[[Seeking Alpha]]}}</ref> -The book works through concepts in sections starting with explanations of the accumulation, markup, distribution, and decline phases of the market cycle.<ref name=HoffmanBook2009/> Shannon then describes how he applies analysis of price, trends, [[support and resistance]], moving averages, volume, and time frames to define his trading methodology.<ref name=HoffmanBook2009/> He discusses these indicators and the psychology surrounding the moves associated with them.<ref name=DisciplinedInvestor2010>{{cite journal |author=Staff |title=TDI Podcast 143 – Brian Shannon, StockTwits and Breakouts |date=2010-01-10 |publisher=The Disciplined Investor |url=http://www.thedisciplinedinvestor.com/blog/2010/01/10/tdi-podcast-143-brian-shannon-stocktwits-and-breakouts/ |access-date=2013-06-28 }}</ref> After building the framework of analysis, Shannon describes the selection of long versus short strategies.<ref name=HoffmanBook2009/> Shannon focuses on price action but takes the time to detail his views on the interpretation of news and fundamental data into the price.<ref name=HoffmanBook2009/> In the final section, Shannon offers the reader valuable wisdom on risk management, exiting a trade, and defines his personal rules.<ref name=HoffmanBook2009/> +In 2013, Shannon passed the [[Chartered Market Technician]] (CMT) exam.<ref name="ShannonCMT">{{cite tweet|user=alphatrends|author=Brian Shannon|number=410538794262077440|date=10 December 2013|title=how embarrassing would it have been if I failed? :) @MarketTechAssoc}}</ref> ==References== '