Leroy Rushing

Your Roadmap to Scalp Trading

If anyone needs a plan for trading, scalp traders are at the top of the list. Scalping requires a great deal of nerves and a temper for losses. On the other side of the coin, scalp trading does offer the ability to churn huge percentage profits on a lar... Read >

Using Technical Indicators in Your Trading Plan

Adapting technical analysis for use in your trading plan is what turns many traders profitable. No longer are you exposed to the risks of your own emotions and your computer models rattling in the back of your mind. Instead, indicators tell you when to ... Read >

Sit on Your Hands Strategies for Your Trading Plan

Profitable traders can place money-making into the hands of their trading plan rather than their own influence. There are a variety of simple trading strategies used by professional traders and amateurs alike to produce big returns with minimal amounts o... Read >

Following a Trading Plan System vs. Your Emotions

There is no better way to boost trading profits than to switch from an emotional system of chance and luck to a planned, formulated strategy that will produce profits in the long run. Why a trading plan? Using a plan to outline your trading decisi... Read >

The Consequences of Stepping Away from Your Trading Plan

A trading plan is vital to keeping each and every trade as consistent as the last. Many traders fail because they lack the money management tips that help them stay profitable. Managing your money wisely and staying consistent is one way to staying aflo... Read >

The Basics of Rate of Change

The rate of change as an oscillator is one of the simplest indicators available. It is the change in price over a certain amount of days (usually 12). The change in price is then added to the oscillator RSI style, or shown on the chart as a constant lin... Read >

The Basics of a Hammer

A hammer is a very simple candlestick, but it has a lot of influence and forecasting ability. Hammers coincide with the hanging man candlestick, which is exactly the opposite of a hammer. A hammer usually appears at the bottom of a chart and is marked b... Read >

Adding Chart Patterns to Your Trading Plan

Charts patterns are not an exact science, and you may need to reform a trading plan to fit chart patterns into a current strategy. Unlike other indicators, chart patterns occur frequently, but are often hard to see. Or there may be a variety of chart pa... Read >

5 Crucial Elements for Your Trading Journal

A trading journal is a living document that will help you show your successes and failures and make you a better trader. Outside that viewpoint, a trading journal makes accounting that much easier, and tax-time is made a piece of cake. A trading jou... Read >

Using Technical Indicators in Your Trading Plan

Adapting technical analysis for use in your trading plan is what turns many traders profitable. No longer are you exposed to the risks of your own emotions and your computer models rattling in the back of your mind. Instead, indicators tell you when to ... Read >

The Basics of a Piercing Pattern

After knowing what a piercing candle is, you’ll find that they are very easy to spot on a candlestick chart. A piercing candle usually comes to rest after a downturn that is longer than five periods on the chart. Thus, on a one day candlestick chart... Read >

Unleash the Hidden Power of Your Trading Plan

Deep in your trading plan, you may be missing an element that could be eliminating huge winners. By merely tweaking a few indicators and steps to your trading plan, you may be able to produce returns you've never been able to achieve. Change your entr... Read >

Price is Determined by the Interaction of Buyers and Sellers

Profitable traders use technical analysis to judge prices because they know that price is not dictated by market events, but rather the interaction between buyers and sellers which determines price. The action of just a few traders can have a very signif... Read >

Momentum Interpretation

Understanding momentum comes along with understanding the indicators that involved with this kind of trading. Momentum trading focuses on continuing momentum or weakening momentum as a way to position trades and meet trading goals. A momentum trader is ... Read >

Candlesticks and Overall Technical Picture

Candlesticks fit into the overall technical picture, but it should be known that candlestick chart patterns are just one part of a wide array of studies that fit into technical analysis. Technical analysis spans all chart analysis, and it is even applied... Read >