tweezers tuesday, page-81

yeah, rsi can be tricky in the middle, but I use it simply. Eg.. oversold at support gives me a higher probability of at least a bounce. Divergence and trend lines on rsi also useful. After that its stops and trailing stops, sometimes profit targets in dodgy markets. Patience is essential. For scalps i use gut almost alone to decide on exits.. I've learned to sense when momentum has peaked for the first time since I entered and usually don't hang about if its not going to plan. Choice of instrument is also important. For longer term trades its hard to go past options or warrants, cos they limit my risk. I write off at least 50% of the cost when I enter the options trade so that allows me to stay in longer. etc etc..