Nice system! How do you manage to exit below the close (in the above example)?

Transient Zones - Basics

Can only be due to a different feed, there are small differences in the candle open/closes..

DJIA one trade per day - Who's in?!

Strange, not on my chart - have a look: RSI 14 & 10 image

DJIA one trade per day - Who's in?!

[quote=jwtrade;9305698]Hi Go5. cfudge is using RSI 10. please see post 211.[/quote Thanks!

DJIA one trade per day - Who's in?!

My RSI didn't show divergence there - which settings are you using?

DJIA one trade per day - Who's in?!

Well, you're making pips, even with hidden divergence this time...

DJIA one trade per day - Who's in?!

Excellent! What is your commission (round turn) and spread? My broker "amplifies" the spread by 4 before the exact open time...

DJIA one trade per day - Who's in?!

Exactly. It won't make much difference when you have relatively small wicks and a very obvious divergence but it doesn't cost more drawing them right in the first place...

DJIA one trade per day - Who's in?!

One more and you opened your 500t thread... ! Difficult to follow though, why would any commercial do that I wonder - or maybe I don't

AUD/JPY Rises On Widening Yield Spread And Commodities Rally

That indicator is just an example of how divergence has to be drawn - connecting the peaks at the close because that is what the RSI is based on.

DJIA one trade per day - Who's in?!

That's just what I learned...This one does it right: file

DJIA one trade per day - Who's in?!

M1 chart: image

DJIA one trade per day - Who's in?!

It's a 5M chart, check top left corner.

DJIA one trade per day - Who's in?!

Didn't take that one (no divergence in my book). Took the next one instead but got out when I saw it stalling too long... image

DJIA one trade per day - Who's in?!

Got in quite late but exited too soon to compensate image

DJIA one trade per day - Who's in?!

Or this one, question is, how exactly do you define this open drive. Would be nice if the OP could shed some (more) light on this - just a little more, come on... image

DJIA one trade per day - Who's in?!

I took the trade on the first leg down (right on the open) - think that was thr "right " one. It went exactly where it was supposed to but stopped me out by a hair....

DJIA one trade per day - Who's in?!

You got it again! For me it was quite a messy "open drive", but I took it from the bottom up (got out where you got in), not a 100% divergence...

DJIA one trade per day - Who's in?!

No, I was out for a nap....was probably the "official" trade, mine was just before the open.

DJIA one trade per day - Who's in?!

I did one: image

DJIA one trade per day - Who's in?!