Author: Linda Raschke
Linda discusses five choice trading patterns she uses. Based on a logical set of market principles, these five patterns work equally well in equity and commodity markets. Understanding these enduring market setups provides you with a solid foundation for trading technically. They simplify analysis for the beginner and give the aggressive trader added confidence. Linda has used these patterns as the core of her intermediate-term analysis but they work well on any timeframe.
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How long have you been trading?
I’ve been trading for about . 13 years. For about the first three I hardly knew what I was doing, other than using simple oscillators. I was working in San Francisco and there was an excellent business library there that had all these wonderful books that are hard to get hold of nowadays, books on volume analysis and Equivolume and this and that. I was constantly working on becoming a better trader.
And you were studying up a storm?
I should clarify what I just said. When I say I didn’t know what I was doing, I didn’t know how to apply the knowledge I did have. I didn’t know how to be discriminating in my choice of indicators. I was still finding my own way. And even though I was trading full time and studying all this full time, it took three to four years before the pieces finally fell into place.
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Get: Linda Raschke – The Discerning Trader