I read the book she wrote with Laurence Connors, it is in there also.
‘Street Smarts.’
She is/was also a hedge fund trader, and she used systems also with stochastics (it is my reply to @Mato85 asks if hedge funds use indicators, and just from what I read the answer is definitely Yes).
Can’t help, as a Bob Dylan fan, if you are also a fan of Dylan?
Anna Probably has a certain Dylanesque ring to it, as in his song ‘Queen Jane Approximately’
P.S I’m a big fan of Linda Raschke too!
I heard of him, of course. I thought he died about 10 years ago - I looked in Wikipedia and now I know different! I think maybe probably possibly I confused him with Leonard Cohen(?). 
Thread is deviating guys, lets keep it on the track.
Yes Indicators work when they say price will go up and it does so - or when they say price will go down and it does so ! 
Unfortunately there is no real way of knowing whether price will in fact do what the indicators say - until you have either won or lost money 
Having said that I do consult Bollinger Bands, and weighted moving averages - together with the long and very long charts before making my gambling decisions 
I doubt there are many if any traders who use 1 indicator and solely use it as a mechanical system who make money consistently. So in that sense, no, they don’t work.
But indicators are very useful in other ways of telling you likely scenarios that combined with other techniques give you a higher probability of winning.
I’m certain that’s right.
On the other hand, there are definitely long-term-successful institutional and semi-institutional traders who regularly use three or four indicators (e.g. one for momentum, one for trend, one for volatility, maybe one for volume) toward their “directional bias” and then use only price action for the entries, stop losses and targets.
What they don’t use are a variety of MA-derived indicators all showing very similar things in similar ways, and enter a position just because two lines have crossed over…
I’d agree with all of that, except I read the other day a very successful trader who claimed to trade MA crosses. I’m sure there was more to it than just that, but it did make me wonder how, because my experience of any lines crossing technique is that they suck.
Mine also.
Definitely! 
Hey, which indicators have you been using lately?
They are not magic, but they do just work fine. Use price action, SMA, etc and you will see which works for your trading setups.
I only have one indicator in use right now, and it’s an indicator I created based on the VHP channel you can find by searching for it.
I’m trying to automate all of my trading because I lack the time to trade in the way I want to
Understood. That’s a nice approach.
I guess it all boils down what you call an indicator. Ain’t those “sofisticated and propriatory tools” you are referring to indicators?
Richard Dennis and his “turtle” crew made a killing with the Don Chain Channel…
It’s true that indicators are not fully reliable as they are based on old algorithm. The market pattern is gradually changing but the question is how much the indicators are remaining efficient at providing market forecast?
Sure they work!
Can they be used reliably to help win trades?
Not reliably no, they can be useful but only really as a guideline. This is my experience.
But if you’ve found one that does work well please share it!
I do like to have various moving averages displayed on my charts as there is often interaction between them and the price, but not so reliably you can use it to make a lot of difference to win rates etc.
Mine, too.
I use indicators to tell me when there’s enough of a trend to be looking at the price action to try to find potential entries in that direction, and when not to bother.
I can’t see any downside to doing this and it’s what I know (from reading their books, etc.) many institutional and professional traders do.
Yes, they work. But for those who know the technicality behind each.
Indicators? Meh… they’re alright, but they’re not some secret cheat code. They just show you what’s already happened. I’ve learned the hard way that slapping a bunch on your chart doesn’t make you a better trader… it just makes things messy.