Maybe I shouldn’t post links here, but my curiosity always get’s the best of me and this for me makes a good break from all the reading I’ve been doing. A little overkill on study material. Nothing new unless your a very beginning trader, but interesting. Linda Raschke - Classic Indicators - Back to the Future - YouTube
I agree. This is a long video, but well worth the time required to watch it.
As I was listening to Linda Raschke describe her approach to trading, I was struck by how compatible it is with Michael Huddleston’s (ICT’s) approach. I would recommend this video to everyone on this forum who is currently following Michael’s threads.
Two or three times in her video, Linda Raschke mentioned the fact that things which are clear-cut in theory often don’t work out in practice — which reminded me of one of my favorite Yogi Berra quotes:
“In theory, there is no difference between theory and practice. In practice, there is.”
Thanks for posting a link to this video, Pingback.
I’m a big believer in old school teaching. Learning the way of the predecessors can give insightful knowledge into whatever your learning. I haven’t tried actual trading yet. I want to understand the Fibonacci methods better. Though I know enough to start trading I still want to learn some more. I am into Fibonacci right now. Anyhow I liked her (in video) representation of the flag and pennant style of trading or triangles, and just using the Trend to trade with. No reversals or anything. There are other traders who use this method and do well at it. She claims it is profitable if you adhere to market conditions. Might be a good start for a newbie trader. Such as myself. Yea, I would recommend this video to anyone, especially new traders.
I’m a big believer in old school teaching. Learning the way of the predecessors can give insightful knowledge into whatever your learning.
But as Linda Raschke says “even when you have learnt the theory of a system you still need to make
the mistakes yourself in practice, in order for the method to sink in”
Elliott knew in theory why his syatem worked but in practice like all systems he needed to hone the
method.