RSI & Livermore Pivotal Points by Mark Jahn
Knowing when to sell and take a profit on a successful trade is a difficult skill to master. Sometimes you may get out of a trade too early, other times you can’t tell if prices are moving in an uptrend or downtrend, and sometimes you just don’t know when to exit. Here’s how you can combine a classic indicator with a classic technique and come up with a sensible exit strategy.
There are so many choices when it comes to indicators. Which ones do you use? That’s a question most technical analysts face. For example, many of the better relative strength index (RSI)–based techniques will get you out of a trade with a good profit, but sometimes this profit-taking will cost you a big win by getting you out too soon...