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BORC - 100% Price Action No Indicator System

  • #81
  • Jan 26, 2011 12:02pm Jan 26, 2011 12:02pm
will check back in just before and after FOMC statement .. have fun
  • #82
  • Jan 26, 2011 12:04pm Jan 26, 2011 12:04pm
Quoting PurePrice
There may be a reversal BORC trade developing around this level. Watch PA closely and again, high impact news FOMC statement coming out in a little over one hour, so be cautious.
which the setup that has to happen before you make the trade? this particular case gbpjpy131.000
  • #83
  • Jan 26, 2011 1:09pm Jan 26, 2011 1:09pm
Quoting Lika
which the setup that has to happen before you make the trade? this particular case gbpjpy131.000
Hi Lika,

Need to get a bearish candle formation around the 131.00 followed by confirmation of price action going down for a BORC trade. Judging by how the previous (1 pm) candle closed, it may not reverse and we may have a bullish breakout, BUT we have FOMC in 5 minutes or so, so stand on the sidelines for now
  • #84
  • Jan 26, 2011 2:18pm Jan 26, 2011 2:18pm
Hi Price

I just found your thread I read the first and last page.
It looks interesting I am going to read the the pdf then the rest of the thread.
before I ask any questions.

John
  • #85
  • Jan 26, 2011 3:36pm Jan 26, 2011 3:36pm
Quoting PurePrice
I know I know .. i keep going back and forth on this one, but this pair is certainly not able to close above the 1.5900 mark for the last few hours, even though it has tried on a few of those one hour candles. This is the level where there is BORC setup with a downtrendline confluence, and the round double zero 15900 number acting as resistance. Will we see this level hold and the gbpusd tank from here?? Again, as mentioned above the GBPJPY may also be reversing at current levels thereby helping the gpbusd to go down also. Watch PA closely as FOMC...
Finally looks like this pair is breakout to the topside for a bullish ride up.
  • #86
  • Jan 26, 2011 3:40pm Jan 26, 2011 3:40pm
Quoting PurePrice
Finally looks like this pair is breakout to the topside for a bullish ride up.

I am in long at 15910.
Attached Image (click to enlarge)
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  • #87
  • Jan 26, 2011 3:44pm Jan 26, 2011 3:44pm
Quoting PurePrice
I am in long at 15910.

SL set at BE, TP at 1.5945
  • #88
  • Jan 26, 2011 3:59pm Jan 26, 2011 3:59pm
Looks like the pairs that maybe breaking out at this time are NZDusd and GBPusd .. you may want to check thoes two pairs a few hours later to see if there is a BORC setup on either one of those.

GBPJPY is still currently a good candidate for a BORC setup at 131.00 .. wait for conditions to setup and see if you can get in short later on once Tokyo opens and moves the jpy pairs.

Happy pip hunting and good night to all as I am signing off for now.
  • #89
  • Jan 27, 2011 8:23am Jan 27, 2011 8:23am
Quoting PurePrice
Looks like the pairs that maybe breaking out at this time are NZDusd and GBPusd .. you may want to check thoes two pairs a few hours later to see if there is a BORC setup on either one of those.

GBPJPY is still currently a good candidate for a BORC setup at 131.00 .. wait for conditions to setup and see if you can get in short later on once Tokyo opens and moves the jpy pairs.

Happy pip hunting and good night to all as I am signing off for now.
Looks like we had no BO on NZD but did on the gbpusd as expected (since it was brewing to BO one way or another) ... Did anyoen catch the BORC trade on the GBPUSD??? Unfortunately alot of these trades occur while I am sleeping and I do not catch them.
  • #90
  • Jan 27, 2011 8:26am Jan 27, 2011 8:26am
Here is the trade setup ... Note the up arrow is where I would be looking to enter long... this "sleepng" thing gets in the way of trading ...lol ... If you live in euro zone, you should have been able to catch this one
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  • #91
  • Jan 27, 2011 8:34am Jan 27, 2011 8:34am
Quickly scanning the pairs I see a possible BORC setting up with EURCHF currently, and AUDUSD maybe soon (although it looks like this one may have already occured but may get rejected again at the same level).
  • #92
  • Jan 27, 2011 8:46am Jan 27, 2011 8:46am
here is the setup . watch PA at these levels..Note that price is also at R1 level.
Attached Image (click to enlarge)
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  • #93
  • Jan 27, 2011 8:49am Jan 27, 2011 8:49am
Looks like this pair is stalling again at theese levels ... considering going short
  • #94
  • Jan 27, 2011 8:53am Jan 27, 2011 8:53am
What NOT to trade .... we did not get a nice clean BO above the line, and it is now retracing back to the line. I would not touch this one with a 6 foot pole
Attached Image (click to enlarge)
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  • #95
  • Jan 27, 2011 8:55am Jan 27, 2011 8:55am
NOT to trade this one either as this is just some nasty ranging price action .. there is no clear direction whatsoever .. avoid this like the plague ...
Attached Image (click to enlarge)
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  • #96
  • Jan 27, 2011 9:24am Jan 27, 2011 9:24am
Quoting PurePrice
here is the setup . watch PA at these levels..Note that price is also at R1 level.

We got a doji candle closing, but looks like price action is not following through for now ... keeping this on the radar screen
  • #97
  • Jan 27, 2011 9:44am Jan 27, 2011 9:44am
Quoting PurePrice
We got a doji candle closing, but looks like price action is not following through for now ... keeping this on the radar screen
Well, looks like this one is running away from us and heading north for a bulish BO.
  • #98
  • Jan 27, 2011 9:48am Jan 27, 2011 9:48am
from what i understand, fractals only appear after the swing, right?
  • #99
  • Jan 27, 2011 9:49am Jan 27, 2011 9:49am
This pair is heading up toward the 0.9945 area we are looking for it to stall, hopefully hit that trendline area and then head back down again .. watch PA around the current level.
  • #100
  • Jan 27, 2011 9:52am Jan 27, 2011 9:52am
Quoting rashygomez
from what i understand, fractals only appear after the swing, right?
my point is, what's the use of fractals if it tells us after the fact?
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