This setup relies on candlestick shapes to identify days where the smart money is trapping retail traders.
: Price makes a new 20-day high or low but fails to sustain it.
While a free PDF may be tempting, the real value lies in owning the book in its full, intended form. It is a manual that rewards careful, repeated study. By purchasing a legitimate copy, you not only gain access to a pristine, high-quality learning tool but also support the work of genuine market legends who have shared their lifelong insights.
Master Trading with "Street Smarts" by Linda Raschke and Laurence Connors
Disclaimer: This article is for educational purposes only. Trading futures, stocks, and crypto involves substantial risk of loss. Past performance does not guarantee future results. street smarts linda raschke pdf
Only trade when there is sufficient activity and liquidity. Reader Resources
Though written decades ago using daily charts and commodities data, the patterns in Street Smarts are rooted in human psychology and market microstructure. Fear, greed, and institutional liquidity hunting look the exact same on a modern 5-minute Bitcoin chart as they did on a 1990s S&P 500 futures daily chart.
" Street Smarts: High Probability Short-Term Trading Strategies " by and Laurence Connors is widely regarded as a classic manual for active traders. Published in 1996, it focuses on practical, rules-based setups rather than abstract technical theory. Core Content & Strategy Highlights
Price makes a new 20-period high or low. The previous 20-period high/low must have occurred at least three sessions prior. This setup relies on candlestick shapes to identify
What do you primarily trade (stocks, crypto, forex, futures)?
Place the full position at the entry point rather than scaling in.
A strong directional move occurs. The oscillator creates a hook, signaling a pullback.
[Identify Pattern] ---> [Place Stop Order Beyond Signal Bar] ---> [Execute Trade] ---> [Trailing Stop / Quick Target Profit] It is a manual that rewards careful, repeated study
Enter a counter-trend trade (short at the high, long at the low) with a tight stop-loss just past the newly made extreme. 2. "Anti" Strategy (Momentum Trend Following)
: It identifies a choice point where a counter-trend move fails, forcing participants to rush back into the dominant trend direction.
Linda had always been fascinated by the markets. Growing up, she watched her father, a stockbroker, analyze charts and make trades. She was intrigued by the way he could predict market movements using technical patterns.