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BORC - 100% Price Action No Indicator System

  • #201
  • Feb 1, 2011 10:44am Feb 1, 2011 10:44am
Quoting kapybara
Connfirmed, channel trade.
Thanks for confirming .. I would wait for the candle to close and confirm price action before juming in short .. it seems that the uadusd rally is on a roll for now.
  • #202
  • Feb 1, 2011 10:57am Feb 1, 2011 10:57am
Quoting kapybara
Hi PP,

First of all, very nice thread, one of most valuable I saw on FF.
I was stopped on this today as well
This could be better chance on the same pair ... look

btw: green pips to all of you guys here

Maybe happening now... watch closely
  • #203
  • Feb 1, 2011 11:52am Feb 1, 2011 11:52am
Quoting PurePrice
Maybe happening now... watch closely

Did anyone short this pair?
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 32 KB
  • #204
  • Feb 1, 2011 12:00pm Feb 1, 2011 12:00pm
Quoting NemoMax
Ok,
Thanks

It was better to wait...... for the moment.....
Thanks PP

Now that this pair ploughed right through our support zone around 0.9960 down to the 0.9900 figure, we should be looking to SHORT this pair if it retraces back to the 0.9950 zone again (this would be old support turned into resistance zone) .. there is confluence of 2 trendlines there ... do you see it?
  • #205
  • Feb 1, 2011 12:11pm Feb 1, 2011 12:11pm
Quoting PurePrice
Did anyone short this pair?
No
  • #206
  • Feb 1, 2011 12:17pm Feb 1, 2011 12:17pm
Quoting PurePrice
Did anyone short this pair?
PP careful because it seems to me that EURCHF, Long
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf 30 min.jpg Size: 125 KB
  • #207
  • Feb 1, 2011 12:52pm Feb 1, 2011 12:52pm
Quoting PurePrice
Now that this pair ploughed right through our support zone around 0.9960 down to the 0.9900 figure, we should be looking to SHORT this pair if it retraces back to the 0.9950 zone again (this would be old support turned into resistance zone) .. there is confluence of 2 trendlines there ... do you see it?
Hi,
yes I did, I agree with you..... possible setup for go Short at your PA.

Thanks
bye
  • #208
  • Feb 1, 2011 1:21pm Feb 1, 2011 1:21pm
Quoting Lika
PP careful because it seems to me that EURCHF, LongAttachment
Hi Lika,

I agree with you about this pairs (in TF H1), for me we are near to go Long, but im still waiting.....
Cheers

P.S. PP take care with this pairs (also me before I thought that was short but Lika has reason for my opinion...)
  • #209
  • Feb 1, 2011 1:22pm Feb 1, 2011 1:22pm
Quoting Lika
PP careful because it seems to me that EURCHF, LongAttachment
I already went short at 1.2965 and cashed some of my position out at teh trendline you are indicating. I have 1/2 remaining and SL set to BE
  • #210
  • Feb 1, 2011 1:25pm Feb 1, 2011 1:25pm
Quoting NemoMax
Hi Lika,

I agree with you about this pairs (in TF H1), for me we are near to go Long, but im still waiting.....
Cheers

P.S. PP take care with this pairs (also me before I thought that was short but Lika has reason for my opinion...)

I see it now as possible long with 2 trendline confluence on hourly .. God catch guys .. I am out the rest of my position on this one.
  • #211
  • Feb 1, 2011 1:28pm Feb 1, 2011 1:28pm
Quoting PurePrice
I see it now as possible long with 2 trendline confluence on hourly .. God catch guys .. I am out the rest of my position on this one.

Here is what I see on my charts
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 31 KB
  • #212
  • Feb 1, 2011 1:34pm Feb 1, 2011 1:34pm
Looks like this is a good place to short eurgbp as there is confluence of a horizontal old support turned resistance and a down trendline (channel) where price is hitting the upper boundary of the down channel ... I know it is past 2pm EST, but what the heck . let's see how this plays out
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 33 KB
  • #213
  • Feb 1, 2011 1:36pm Feb 1, 2011 1:36pm
Quoting PurePrice
Looks like this is a good place to short eurgbp as there is confluence of a horizontal old support turned resistance and a down trendline (channel) where price is hitting the upper boundary of the down channel ... I know it is past 2pm EST, but what the heck . let's see how this plays out

PA is also right to Pivot Point and looks to be stuggling to go above it (for now)
  • #214
  • Feb 1, 2011 1:45pm Feb 1, 2011 1:45pm
Is anyone actually placing orders using this methed (I presume it is on demo account not live) and keeping track of their trades?? If so, how are you doing so far in terms of profit/loss??
  • #215
  • Feb 1, 2011 1:58pm Feb 1, 2011 1:58pm
Quoting PurePrice
Looks like this is a good place to short eurgbp as there is confluence of a horizontal old support turned resistance and a down trendline (channel) where price is hitting the upper boundary of the down channel ... I know it is past 2pm EST, but what the heck . let's see how this plays out
I agree with you, im ready to going short again on this pairs.... but Im waiting tomorrow morning (GMT time). Now it's too dangerous...

Cheers
  • #216
  • Feb 1, 2011 2:04pm Feb 1, 2011 2:04pm
Quoting PurePrice
Is anyone actually placing orders using this methed (I presume it is on demo account not live) and keeping track of their trades?? If so, how are you doing so far in terms of profit/loss??
Hi PP,
from my side I already started yestarday in live but in same time Im doing exercise in other demo account, I took in real around 50 pips in EurGbp already, and now it's on going a trade short on EurJpy from 10am gmt (but at moment I'm in Loss 25Pips, but Im optimist). I will let you know....

Bye
  • #217
  • Feb 1, 2011 2:11pm Feb 1, 2011 2:11pm
Quoting NemoMax
I agree with you, im ready to going short again on this pairs.... but Im waiting tomorrow morning (GMT time). Now it's too dangerous...

Cheers
Hi guys,

pls, consider this as small warning in deciding taking that order. Look at my chart and decide. There is another channel (thin lower blue TL) you can see how many times it was respected by price. I would definitely try to wait for square ("BORC?") place to watch PA closely. And agree w/ you NemoMax, 2:00 PM is not the right time. Just my 2 cents :-)

Green pips guys.
Attached Image (click to enlarge)
Click to Enlarge Name: another chart.jpg Size: 415 KB
  • #218
  • Feb 1, 2011 2:19pm Feb 1, 2011 2:19pm
Quoting NemoMax
Hi PP,
from my side I already started yestarday in live but in same time Im doing exercise in other demo account, I took in real around 50 pips in EurGbp already, and now it's on going a trade short on EurJpy from 10am gmt (but at moment I'm in Loss 25Pips, but Im optimist). I will let you know....

Bye

WOW Nemo, you are quite brave trading this live already, and congrats on the 50 pips on eurgbp ---


Are you in europe as you are trading gmt time??
  • #219
  • Feb 1, 2011 2:28pm Feb 1, 2011 2:28pm
Quoting PurePrice
WOW Nemo, you are quite brave trading this live already, and congrats on the 50 pips on eurgbp ---


Are you in europe as you are trading gmt time??
Thanks PP, right.... Im in Italy with gmt trading time, but how I explained Im also doing exercise in demo account for the other pairs.... like you....

Cheers

P.S. Let me know if you starting also in Live
  • #220
  • Feb 1, 2011 2:46pm Feb 1, 2011 2:46pm
Hi PurePrice,

I am coming full circle in my evolution of forex trading. I started out with learning the basics of PA, then fell into the indicator trap for a good couple of dark months / year, and now I am finally accepting the fact that PA is really the only true way to go.

Thank you for posting your setups and analysis and please do not stop. I may not reply as often as I should but I have been following this thread religiously since you started it.

Thank you taking the time and effort to help us. I really appreciate what you are doing here.

Cheers
StaticX
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