Street Smarts: High Probability Short-Term Trading Strategies by Laurence A. Connors

Product Description

Published in 1996 and written by Larry Connors and "New Market Wizard" Linda Raschke. This 245 page manual is considered by many to be one of the best books written on trading futures. Twenty-five years of combined trading experience is divulged as you will learn 20 of their best strategies.

Among the methods you will be taught are:

* Swing Trading - The backbone of Linda's success. Not only will you learn exactly how to swing trade, you will also learn specific advanced techniques never before made public!
* News - Among the strategies revealed is an intra-day news strategy they use to exploit the herd when the 8:30am economic reports are released. This strategy will be especially appreciated by bond traders and currency traders.
* Pattern Recognition - You will learn some of the best short-term set-up patterns available. Larry and Linda will also teach you how they combine these patterns with other strategies to identify explosive moves.
* ADX - In our opinion, ADX is one of the most powerful and misunderstood indicators available to traders. Now, for the first time, they reveal a handful of short-term trading strategies they use in conjunction with this terrific indicator.
* Volatility - You will learn how to identify markets that are about to explode and how to trade these exciting situations.
* Also, included are chapters on trading volatility, trading Crabel, trading the smart money index, trading gap reversals, a special chapter on professional money management, and many other trading strategies!
Product Details
Amazon Sales Rank: #157220 in Books
Published on: 1996-01-01
Number of items: 1
Binding: Hardcover
238 pages
Editorial Reviews

Commodity Traders Consumer Report, March 1996
* * * * (out of 4 stars) ... excellent!, Commodity Traders Consumer Report, March 1996
Customer Reviews

You need the sophistication to appreciate it.
This is an advanced book, and it does no hand holding. It is a trading niche book. It is not about day trading, nor momentum trading, but a unique subset of short term trading called "swing trading". If you do not know the difference, this book is not for you. It is not earth shattering. But, it is written by traders who have done it for a living for decades. Thus, it is worth knowing how they think, and how they have earned a living. And, yes, you mostly only make a few hundred bucks at a time, if you are good. Not riches, but "a living".

The price is high, but this is a small niche market. They will sell few copies. Linda Raschke has done this technique of swing trading and earned a living at it for decades. I would not expect her to take time off to write about it for chump change. If it were a mass market, a lower price would be in order, but this book is good for very few people.

I give it four stars only because of the terse format. BUT, they are traders not literary artists. I cannot fault them for not writing War and Peace.

If you are an experienced trader, and expect nothing more than a few hundred bucks when a trade goes well, and protection from loss when it does not, this book will either confirm what you know, which is helpful, or add a trick or two that you did not know, which is more helpful. Traders are successful who earn a living, a few hundred dollars at a time, several times a day, day after boring day. It is not a book for others at all, and not a book to start with. If you magically expect more money than this, buy another book. And, nothing in short term trading is really new over time. This is not a breakthrough book of new and novel ideas. The first idea, "Turtle Soup" came from the Turtles which have been around many decades. It is nice to read that this pattern has not yet worn itself out, and is still used. I am happy to have it in my library. I am happy to know that old tricks still work for old dogs.

VERY BAD AND OVER PRICED !!!!
I cant this book is $175 !!! for the material inside is plain junk, i have read ALLOT of books from gann to elliot to andews and this has to be the worst book i have ever read the methods taught are very indicator based and will not work in the long run the wolf wave method is basicly elliot wave rehased, there are better books to learn the elliot wave best book in my opinion robert miner's book, as for momentum is concerned larry williams. and for breakouts edward's and magee. I have been trading for 10 years but i constantly buy books just to see if i can atleast get one golden nugget out of them, this book however has no good insight into anything i did not get one good idea out of this book. As for some of the reviews on here if you click see all my reviews this is the only book they have reviewed ....hmmm but if you are serious about trading the books i reccomended above are very insightfull atleast they were for me, miners book is old but is full of new ideas and less based on indicators and has very easy to follow rules for elliot, i guess what they say is right old is gold. good luck

if you don't like this, you don't understand trading
you can always spot s loser by one of (or both) of two reactions:

1- They want to get into a business to make money but think $200 is too much!!

2- They expect what they read to agree with their bias

Anyone who wants to make money but thinks a book is expensive at $170 has the wrong personality for trading. If you are like that, you have no business trading because you are too greedy and a coward.

Secondely, when you are making a comment about someone, it is really important to REALLY be sure that what you are saying is acccurate. The implication that Linda does not make money trading is just ridiculous. The woman is a bloody Market Wizard, for God's sake! She is also a pretty crap promoter of her services.

The book is excellent. The question is: does it contain methods that can make you money? Of course it does. You guys are clearly sleep walking because you are concentrating on believing that every method in the book will make you money all the time under any circumstances. Quit believing that and pick the ones that work under different market conditions.If you can't, it is your fault, not the book's.

If you watch Linda trading, you will see her using those setups under the right conditions. The fact is, if you cannot make money trading the setups in the book, you are either new and have to learn the basics first, or you are not cut out for this business.