A high ADX reading (above 30) indicates a powerful, sustainable trend. In such environments, the first pullback to the 20-EMA is highly likely to find buyers.
So, how can traders develop street smarts? Here are a few tips:
The Stochastic lines hook or cross over briefly against the primary trend, only to snap back in the original direction. street smarts linda raschke pdf verified
Taking quick profits or trailing stops aggressively protects capital from overnight gaps.
It uses a combination of a slow oscillator and a fast oscillator (often based on the Stochastic oscillator) to find a hook pattern where momentum builds back in the direction of the primary trend. A high ADX reading (above 30) indicates a
For authentic and complete versions of the book, refer to these established platforms:
: A specific strategy for day and swing traders using a three-period RSI of a one-period rate of change to identify overextended markets. News Exploitation Here are a few tips: The Stochastic lines
Over 45 years of professional trading, starting as a floor trader in 1981.
In the world of high-stakes trading, few books hold as much legendary status as Street Smarts: High Probability Short-Term Trading Strategies . Co-authored by Linda Bradford Raschke and Laurence A. Connors in 1995, this book remains a cornerstone text for swing traders, day traders, and market technicians alike.
: A reversal strategy designed to exploit false breakouts of previous 20-day highs or lows.