Stock Market Trend Analysis 7/17/08 from brian shannon on Vimeo.
Brian,
When I received your new book, TA Using Multiple Timeframes, I read through it quickly. Now, the second time through, I’m taking notes. I’ll probably read it again and highlight areas as I read it. Recognizing the four stages of a stocks “lifecycle” and what stage they are currently in is very helpful. Understanding why the market moves as it does, why there are support and resistance levels, what the psychology is behind some of the moves, etc. is very valuable. I’ve been actively trading for 5 years now and I could have saved a lot of time, trouble, and money if I had read this book a few years ago. I’m learning to hear “the message of the market”, in the language of supply and demand, with the final arbiter being price. “Trade what you see, not what you think will happen”. Realizing that corrections take place in two ways – through price or time – is another gem among many. I’ve enjoyed the illustrations too; they help drive the points home, e.g. the bouncing ball on p. 17. Great job!
Tom
Brian,
I just finished reading your book again and am still finding new information I did not retain the first time. It is a great book and looking back at some of the bad trades I made in the past, this book would have saved me allot of money.
Thanks for your help.
Regards,
Brad B
Hey Brian
i’ve just finished reading your book for a second time and can i just say it’s like been hit by a freight train of knowledge. everything you lay out in your book can be put into use immediately and your book acts as a great reference point for future.
i have recommended this book and your site to a few friends of mine that are thinking about trading.
Great work my friend
Chris
from Great Britain