Shannon simplifies market movement into four logical phases:
On this chart, you are looking for that signal the pullback is ending and the HTF trend is resuming.
Imagine trying to navigate a cross-country road trip using only a microscope. You’d see the texture of the asphalt but miss the mountains, cities, and highways. Singe-timeframe trading is the same. Shannon emphasizes that
Here's an interesting feature of the book:
He consistently emphasizes protecting capital and only taking trades where the risk-to-reward ratio is in your favor.
Sideways price action after a downtrend as "smart money" builds positions.
Shannon simplifies market movement into four logical phases:
On this chart, you are looking for that signal the pullback is ending and the HTF trend is resuming.
Imagine trying to navigate a cross-country road trip using only a microscope. You’d see the texture of the asphalt but miss the mountains, cities, and highways. Singe-timeframe trading is the same. Shannon emphasizes that
Here's an interesting feature of the book:
He consistently emphasizes protecting capital and only taking trades where the risk-to-reward ratio is in your favor.
Sideways price action after a downtrend as "smart money" builds positions.