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BORC - 100% Price Action No Indicator System

  • #221
  • Feb 1, 2011 2:53pm Feb 1, 2011 2:53pm
Quoting StaticX
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...
I am glad you are back into PA and not putting too much weight on indicators. I am also glad that I may be doing something positive to help someone in their trading .. yours and similar messages is what keeps me going -- thanks for your feedback.
  • #222
  • Feb 1, 2011 4:04pm Feb 1, 2011 4:04pm
Quoting kapybara
Hi guys,

watch this closely, nice pinbar is forming within nice channel + R3 level + R/S line + High stopping volume (red bar in histogram)
watch for PA closely

This one is now coming into play by watching how PA is falling down now. As mentioned in earlier posts, this is a CHANNEL TRADE wih some nice confluence. There are a couple hours before Tokyo open, so you may want to keep an eye on this one for an Asian session play.
  • #223
  • Feb 1, 2011 4:09pm Feb 1, 2011 4:09pm
keep an eye on:

1- eurgbp for a short
2- eurchf for a long (although that is opposite position to 1-, so be careful)
3- gbpchf for a long
4- usdcad for a short
5- gbpusd for a long (as mentioned yesterday too)

and of course audusd, but that one is so close to triggering short (channel trade)
  • #224
  • Feb 1, 2011 4:17pm Feb 1, 2011 4:17pm
uhm, if this audusd pair break down happens in the next few candles, and you go to the 4hr chart, you will see that there would be a great BORC setup to go long again around 0.9930-50 zone if the currency keeps sliding down that far. It is a long shot, but hey, better be ready for these things if they do happen
  • #225
  • Feb 1, 2011 4:20pm Feb 1, 2011 4:20pm
Quoting PurePrice
uhm, if this audusd pair break down happens in the next few candles, and you go to the 4hr chart, you will see that there would be a great BORC setup to go long again around 0.9930-50 zone if the currency keeps sliding down that far. It is a long shot, but hey, better be ready for these things if they do happen

here is the 4hr audusd chart .. look at the yellow triangle
Attached Image (click to enlarge)
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  • #226
  • Feb 1, 2011 4:25pm Feb 1, 2011 4:25pm
I see this pair now is bumping against the uptrend channel's lower boundary after it had broken down from it ... This may also be a great eurusd SHORT BORC setup ... Draw your uptrend line and watch it closely at the current levels
  • #227
  • Feb 1, 2011 4:39pm Feb 1, 2011 4:39pm
Good night everyone and happy pip hunting for those that are able to hunt during Asian, Euro and London sessions ... I wil be back during NY tomorow ...
  • #228
  • Feb 2, 2011 4:29am Feb 2, 2011 4:29am
Quoting PurePrice
keep an eye on:

1- eurgbp for a short
2- eurchf for a long (although that is opposite position to 1-, so be careful)
3- gbpchf for a long
4- usdcad for a short
5- gbpusd for a long (as mentioned yesterday too)

and of course audusd, but that one is so close to triggering short (channel trade)
Hi PP, I've got 30 pips with EurGbp Short this morning at S1, yestarday closed EurJpy Loss 25Pips.
Cheers
  • #229
  • Feb 2, 2011 4:54am Feb 2, 2011 4:54am
Hi PurePrice,

Thank you very much for this thread, I like simplicity of your trading style.
I hope I will contribute something with my analysis.

Here is screen with a situation on GBPJPY. It is not one of the easiest pairs to trade but I think this chart is worth having a look.

On the bigger scale (D1, H4) we are trending downward, but after a good, healthy breakout out of this area (and nice pullback of course) we could have plenty of room to make pips on H1 before it turns south again.

Thanks once again and let's search together for the best opportunities.

Cheers,
Chris
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 02.02.2011r.gif Size: 41 KB
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #230
  • Feb 2, 2011 5:30am Feb 2, 2011 5:30am
Quoting Baniu
Hi PurePrice,

Thank you very much for this thread, I like simplicity of your trading style.
I hope I will contribute something with my analysis.

Here is screen with a situation on GBPJPY. It is not one of the easiest pairs to trade but I think this chart is worth having a look.

On the bigger scale (D1, H4) we are trending downward, but after a good, healthy breakout out of this area (and nice pullback of course) we could have plenty of room to make pips on H1 before it turns south again.

Thanks once again and let's search together for the best...
Hi Chris;
I'm watching your setup, but with a slight difference. because I'm already anticipating an pulback to test the trendline Blue indicated by red arrows, and the 132,000 level.
Cheers
Lika
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy h4 02022011.jpg Size: 213 KB
  • #231
  • Feb 2, 2011 5:59am Feb 2, 2011 5:59am
Quoting Lika
Hi Chris;
I'm watching your setup, but with a slight difference. because I'm already anticipating an pulback to test the trendline Blue indicated by red arrows, and the 132,000 level.
Cheers
LikaAttachment
Hi Lika,

Yes there is slight difference in our approach. Why I have my zone little higher is that I want to be sure that the three previous highs will be taken out and this sets me around 132.50 to wait for pull back .

Cheers
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #232
  • Feb 2, 2011 9:18am Feb 2, 2011 9:18am
Quoting Baniu
Hi PurePrice,

Thank you very much for this thread, I like simplicity of your trading style.
I hope I will contribute something with my analysis.

Here is screen with a situation on GBPJPY. It is not one of the easiest pairs to trade but I think this chart is worth having a look.

On the bigger scale (D1, H4) we are trending downward, but after a good, healthy breakout out of this area (and nice pullback of course) we could have plenty of room to make pips on H1 before it turns south again.

Thanks once again and let's search together for the...
I just want to welcome you to the thread, and thanks for your feedback and for posting setups.
  • #233
  • Edited 9:47am Feb 2, 2011 9:26am | Edited 9:47am
Quoting NemoMax
Hi PP, I've got 30 pips with EurGbp Short this morning at S1, yestarday closed EurJpy Loss 25Pips.
Cheers

I got about 30 on eurgbp as well. Also lost on the eurjpy pair, but that is what trading is all about, you can NOT win them all. you try to pick the best possible setup with the highest probability of winning, and hope the market will react the same but there is never any guarantee that will happen, and tht is why you should always limit your loss and let your profits win, so that at the end of the month you come ahead.

I will update the other pairs as soon as I have another chance.
  • #234
  • Feb 2, 2011 9:46am Feb 2, 2011 9:46am
Quoting PurePrice
I got about 30 on eurgbp as well. Also lost on the eurjpy pair, but that is what trading is all about, you can win them all. you try to pick the best possible setup with the highest probability of winning, and hope the market will react the same but there is never any guarantee that will happen, and tht is why you should always limit your loss and let your profits win, so that at the end of the month you come ahead.

I will update the other pairs as soon as I have another chance.
Hi PP,
Thanks, I will let you know if I will see other chance also.

Cheers
  • #235
  • Feb 2, 2011 11:42am Feb 2, 2011 11:42am
These 2 pairs are setting up for a possible BORC trade on hourly chrts .. watch PA closely
  • #236
  • Feb 2, 2011 11:44am Feb 2, 2011 11:44am
these 2 pairs are breaking out of channels currently and may rally up a bit then retrace.. look for those pars to setup a BORC in a few hours if the breakout continues.
  • #237
  • Feb 2, 2011 12:38pm Feb 2, 2011 12:38pm
Quoting PurePrice
these 2 pairs are breaking out of channels currently and may rally up a bit then retrace.. look for those pars to setup a BORC in a few hours if the breakout continues.

watch this
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.jpg Size: 433 KB
  • #238
  • Feb 2, 2011 1:14pm Feb 2, 2011 1:14pm
Quoting kapybara
watch this

Thank you for posting this chart. I normally do not monitor this pair at all as I monitor eurusd instead as thee two pairs are so correlated (negatively) it is like an exact mirror image of each other
  • #239
  • Feb 2, 2011 1:35pm Feb 2, 2011 1:35pm
did not have many setups to trade today.

Did anyone trade any of the recommendations last night?

There were a few successful ideas such as

eurgbp for about 30 pips
eurchf for about 30
gbpchf for 100 pips

and of course audusd short for about 60 pips
  • #240
  • Feb 2, 2011 2:31pm Feb 2, 2011 2:31pm
hourly longs on those 2 pairs .. SL and TP are quite small
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