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BORC - 100% Price Action No Indicator System

  • #1
  • First Post: Edited Feb 29, 2012 7:46pm Jan 24, 2011 3:15pm | Edited Feb 29, 2012 7:46pm
I will attempt to post setup alerts (whenever I can) prior to the actual setup so that people may watch price action at those levels. If other viewers are kind enough to do the same and contribute that would be great, and I am sure it will be appreicated by all viewers.

Please read the PDF file attached here for a guide to the basic system, and follow along with the posted setups afterward (hopefully there wil be plenty of those posted as we move along with this thread). You may also go back in your charts and look for these to get a handle on these trade setups and how often they actually occur. Train your eyes to spot those and you will see these setups over and over again. Practise, practise and practise some more. Practice makes perfect, as they say.

I welcome and appreciate your comments, but please try to make them constructive, as we are all grown ups here, and we are all here to learn from each other. Please keep this thread clean, and if you believe you can contribute and make a positive impact on the thread, please do so, and when you post setups please include the currency pair name, the timeframe and a chart to show what you are looking at (if possible). Thank you for respecting these rules.

Let us all learn from each other and have fun doing it.
Attached File(s)
File Type: pdf BORC.pdf   175 KB | 17,401 downloads
File Type: ex4 AFST_EXACT_ENTRIES.ex4   7 KB | 6,236 downloads
  • #2
  • Jan 24, 2011 3:23pm Jan 24, 2011 3:23pm
here is a possible setup that I would be looking for on the audusd pair... Note how the pair broke out of the utrend channel at about 9940. The uppper boundary of that channel is where I would be looking for this pair to retrace it, price stalling, get rejected, and then bounce back up.

Let's watch and see
Attached Image (click to enlarge)
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  • #3
  • Jan 24, 2011 3:29pm Jan 24, 2011 3:29pm
just to demo my setup, here is one that occured about 9 hours ago(7 am EST) on the gbpusd 1HR chart ... again, just train your eyes to see those setups and wait for PA to confirm.
Attached Image (click to enlarge)
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  • #4
  • Jan 24, 2011 3:33pm Jan 24, 2011 3:33pm
Her eis another setup I just entered (although it is end of NY day and it is a bit premature) but this is to just demo setup again ... Note that there is confluence of two lines here, let's watch this one
Attached Image (click to enlarge)
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  • #5
  • Jan 24, 2011 3:51pm Jan 24, 2011 3:51pm
Quoting PurePrice
here is a possible setup that I would be looking for on the audusd pair... Note how the pair broke out of the utrend channel at about 9940. The uppper boundary of that channel is where I would be looking for this pair to retrace it, price stalling, get rejected, and then bounce back up.

Let's watch and see
Please be careful if you plan on taking this trade as there is high impact news coming affecting AUD out later on tonight.
  • #6
  • Jan 24, 2011 4:04pm Jan 24, 2011 4:04pm
  •  free84
  • | Joined Apr 2006 | Status: permanent beginner | 80 Posts | Online Now
thanks to share really good way to trade
  • #7
  • Jan 24, 2011 4:10pm Jan 24, 2011 4:10pm
Quoting free84
thanks to share really good way to trade

Thank you for your kind words, and I hope you find this thread useful. Please keep checking back in.
  • #8
  • Jan 24, 2011 4:24pm Jan 24, 2011 4:24pm
Hi PP, Another possible setup...

Thanks V much for PDF - its kind of obvious and fundamental stuff but its great when its presented as a system to trade as you have and it gives it more clarity to me... I will be adding to my tool box and hope to share setups!

Quoting PurePrice
Her eis another setup I just entered (although it is end of NY day and it is a bit premature) but this is to just demo setup again ... Note that there is confluence of two lines here, let's watch this one
Attached Image (click to enlarge)
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  • #9
  • Jan 24, 2011 4:27pm Jan 24, 2011 4:27pm
this is the end of the work day for me, and I am going off line. I will not be online again until tomorrow morning NY time. I believe the PDF in first post is pretty self explanatory but if there are any questions I will attempt to answer them tomorrow. If you spot any good setups, please post them here. Thanks and good night.
  • #10
  • Jan 24, 2011 4:28pm Jan 24, 2011 4:28pm
Quoting redart007
Another possible setup,

Thanks V much for PDF - its kind of obvious and fundamental stuff but its great when its presented as a system to trade as it gives it more clarity for me... I will be adding to my tool box and hope to share setups!

Thank you redart .. it is great to have you stop by here, and I am glad you are able to share some of the setups.
  • #11
  • Jan 24, 2011 4:49pm Jan 24, 2011 4:49pm
Always wanted to learn how to trade on pure PA, hope this will help me achieve that.

The best of luck to you and thanks for the effort.
  • #12
  • Jan 24, 2011 10:31pm Jan 24, 2011 10:31pm
excellent stuff. simple and easy to understand and no indicators !!!

i will try to look for H4 and up.
  • #13
  • Jan 24, 2011 11:31pm Jan 24, 2011 11:31pm
Hi! PP, how to use ASFT exact entries?

Thanks.
  • #14
  • Jan 25, 2011 8:25am Jan 25, 2011 8:25am
Quoting orionfx
Hi! PP, how to use ASFT exact entries?

Thanks.
Just drag the indicator onto your chart, and accept all default settings... This indicator will draw pivot point and 3 resistance and 3 support levels for you everyday. Those levels are nice to watch and likely to cause price to react at those levels.
  • #15
  • Jan 25, 2011 8:27am Jan 25, 2011 8:27am
Quoting roundrock
excellent stuff. simple and easy to understand and no indicators !!!

i will try to look for H4 and up.

Thank you roundrock, great to have you here, and I appreciate your looking for 4H setups ... looking forward to seeing those.
  • #16
  • Jan 25, 2011 9:06am Jan 25, 2011 9:06am
Quoting PurePrice
Her eis another setup I just entered (although it is end of NY day and it is a bit premature) but this is to just demo setup again ... Note that there is confluence of two lines here, let's watch this one

did anyone take this setup? Note how the price spiked right u from the level indicated earlier ... this is a textbook setup.

If you were to follow the suggested TP method, this one would have been a nice 1/3 at SL, a nicer 1/3 at about 30 pips and then the last 1/3 could netted you 100 pips.
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  • #17
  • Jan 25, 2011 9:21am Jan 25, 2011 9:21am
Quoting PurePrice
Please be careful if you plan on taking this trade as there is high impact news coming affecting AUD out later on tonight.

This etup did not come to fruition, as mentiend earlier there were news coming out and as the price came close to the touchline marked on the setup and drove right through the level as the news was worse than expected for the AUD. This drives the point home that you need to be patient, wait for the PA to show its cards (candle formations confirming reversal at the level) and then also keep a close eye on news.
  • #18
  • Jan 25, 2011 9:29am Jan 25, 2011 9:29am
Watch PA at this level as that is the boundary of the uptrend channel (old support) that price decisevely broke through before ... May become new resistance here

Here is the chart below ... look for SHORT here
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  • #19
  • Jan 25, 2011 10:04am Jan 25, 2011 10:04am
Quoting PurePrice
Watch PA at this level as that is the boundary of the uptrend channel (old support) that price decisevely broke through before ... May become new resistance here

Here is the chart below ... look for SHORT here

looks like th eprice is hsitating at this level (as expected) .. watch PA closely as it is near the daily Pivot Point also.. here is the chart again .. I would start shorting if t decisively breaks below the PP around 112.50.
Attached Image (click to enlarge)
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  • #20
  • Jan 25, 2011 10:09am Jan 25, 2011 10:09am
To add to the eurjpy going down theory, note that eurusd is bumping against the reistance level, which may influence the eurjpy going down ... watch closely as prce action develops.
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