Brian Shannon is widely credited with popularizing the Anchored Volume-Weighted Average Price (AVWAP) tool. While standard VWAP resets daily, the Anchored VWAP allows a trader to "anchor" the calculation to any significant point in the past (e.g., a major earnings report, a key swing low, or the start of a macro trend). This provides a dynamic, objective level to gauge whether the market respects an old floor or ceiling from a past event. Many traders consider Brian Shannon the "Godfather of Anchored VWAP" due to his role in developing and teaching this concept.
By identifying a trend on a higher timeframe and finding a pullback on a lower timeframe, you can enter trades with a smaller stop loss and a higher profit potential.
: Ensure the stock is firmly established in a Stage 2 Markup phase. Look for a sequence of higher highs and higher lows.
Brian Shannon's official website, which offers educational resources, videos, and information about his book. Conclusion Brian Shannon is widely credited with popularizing the
: Specific focus on correct stop placement and avoiding emotional trading decisions. Volume & Moving Averages
A few important points to clarify:
Establishes the dominant trend and overall market structure. Many traders consider Brian Shannon the "Godfather of
Pirated copies of the book do exist, with numerous websites offering PDF downloads. However, there is a critical reality to consider. The author, Brian Shannon, does not authorize a Kindle or digital version; he has clearly stated: .
The fundamental premise of the book is simple, yet revolutionary to many traders: Doing so is like looking at a forest through a soda straw—you miss the entire context.
For those looking for more recent work by the author, his follow-up book, Maximum Trading Gains with Anchored VWAP (2023), expands on these foundational concepts. Google Books Technical Analysis Using Multiple Timeframes - Amazon Look for a sequence of higher highs and higher lows
: Phishing domains targeting popular trading book keywords often hide malicious executable scripts inside zip folders or fake PDF downloads.
– The stock moves sideways after a decline. Buyers absorb supply, and the moving averages flatten out.