However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.Principle One: A Trend Has a Higher Probability of Continuation than Reversal dollar, or even to a basket of currencies.Ī country’s currency value may also be set by the country’s government. In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. In a free economy, a country’s currency is valued according to the laws of supply and demand. In 1995, she co-authored the best selling book “Street Smarts – High Probability Short Term Trading Strategies.” Linda continues to trade every day.įorex & Trading – Foreign Exchange Courseįoreign exchange, or forex, is the conversion of one country’s currency into another. Linda was written up in Jack Schwager’s book, “The New Market Wizards” and in “Women of the Street” by Sue Herera.
She began her trading career on the Pacific Coast Stock Exchange and later moved to the Philadelphia Stock Exchange. Linda Raschke has been a full-time professional trader for over 20 years.
Linda has used these patterns as the core of her intermediate-term analysis but they work well on any timeframe. They simplify analysis for the beginner and give the aggressive trader added confidence. Understanding these enduring market setups provides you with a solid foundation for trading technically. Based on a logical set of market principles, these five patterns work equally well in equity and commodity markets. Linda discusses five choice trading patterns she uses. Always popular, Linda’s presentation will give you a new perspective on price behavior and chart patterns. Finally, Linda will illustrate how, using these swing patterns, you can develop mechanical systems that are applicable to market periods of varying length. She will then teach a sound method for trading this cyclic phenomenon, a method that will enhance your confidence to trade in any stock or futures market, on any day. She will describe both the market tendencies underlying the theories and the philosophy behind trading the swing pattern. Linda will discuss why this swing pattern occurs and how to recognize it when it does. She has found that prices tend to form a distinctive three-day swing trading pattern which consistently repeats itself in a tradable fashion. Linda believes strongly in the market’s tendency to exhibit patterns which enable traders to predict price direction (although not magnitude). Swing Trading and Short-Term Price Patterns
Linda Raschke – Trading Techniques 2008.
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