Street Smarts: High Probability Short-Term Trading Strategies Hardcover – Unabridged, January 1, 1996

Very well-written and not always easy to understand but I like the setups.

This book gives you 17 setups for mechanical entry, and where to place the initial stop, exits or profit taking are pretty much discretionary. They encourage you to paper trade a setup until you're comfortable and I think that's a great idea. I have my own mechanical systems but always looking at other ideas and these are pretty good. Linda says you only need one pattern to make a living and I agree 100%. I think experienced traders will get the most out of this book, probably not for beginners. I think its a great book.

I read the book and basically confirmed some of the patterns that I've been trading for years. Everyone has it's own name for the setups, but regardless of the name, the patterns describe in the book, do work!Everyone has their own twist to these patterns. I notice one reviewer had mentioned that he profited on the exact opposite strategy that the book had described. Selling new lows and buying new highs. Personally I think this is more dangerous than the strategy in the book(Buying new lows and Selling new highs). That is what swing trading is about. I do the same exact strategy as they mention in the book, and make money from it frequently. But I am also aware of the fact, that new lows/highs are set for strong fundamental reasons, so instead of using regular stops, I use Stop and Reversal(SAR)type orders. These order give me the best of both worlds. If my estimate is correct, I get an early fill as the market decelerates in one direction and accelerates in the opposite. If the trend continues, my SAR order gets me out, and fills me in the direction of the momentum. Price, Momentum, Time and Volatiliy and how you react to them, is the key to swing trading.It's not set in stone that these patterns work everytime, but as the title mentions, it's the probabilities of the markets reaction when these patterns form. Like any other method in trading, nothing works everytime, but as years go by, you find out what works best for your trading style and what doesn't. This book didn't teach me anything that I already have found out through experience, but for traders interested in swing trading, it's a fantastic starter book and worth the investment if purchased. It excerises the mind's of traders on how to anticipate the market, thereby always thinking one step ahead of it. And when your anticipation is wrong, get out!One other important factor. Rashke was a former successful floor trader and Connors was a hedge fund manager. These people know how to trade professionally. They know how other floor traders trade on the floor, and how institutional giants such as ADM,Refco and Rosenthal Collins play their cards and make money. In other words, their livelyhood depended on their attention to detail in the area of trading. They aren't like most us that trade, that have a job to fall back on. This is their job and main source of income! My point is, don't just learn their techniques,setups and strategies, but more importantly, learn their mindset, and what they do when the market moves in favor or against them. Determine how they react to such conditions and take notes! Through time and experience, you'll soon notice that you will be able to react with percision and timing as these professionals do, without doubt but with full confidence!

Loved this book, very charming in the way it was written with information still relevant today. 95% of trading books will actually make you dumber. This one will not.

There are good trading strategies in here. Some of them are for intermediate time frames but some are for intraday also.All of them come with examples. One or two I won't use because they require too many computations off-line, and I don'twant to spend that much time on my trades. But for the most part, I would give this 4 stars out of 5.

I use her macd as my primary indicator. The other stuff I go back and reference from time to time.

Perfect condition without a tear, mark, or fold, just like new.

I bot this book after seeing it referenced favorably in a number of other books I have read. Have also heard about Linda Raschke's reputation. This is a technical book on short term trading strategies, at least, in the part that I have read so far. I am about 1/3 through it, and I am working each strategy out on paper to make certain I understand it. I have applied one strategy and had immediate success in 3 trades which paid for the book multiple times over. The book is not cheap. I bought it used for $123. I can read about one or two strategies at a time and then I have to put it down. This is not a book that one will sit down and read with fascination from cover to cover. This is an instruction manual. I hope some of the other strategies will be as good as the one I tried. I recommend the book.