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BORC - 100% Price Action No Indicator System

  • #261
  • Feb 3, 2011 9:37am Feb 3, 2011 9:37am
to the upper boundary of the downtrend channel .. watch for a SHORT setup round 0.9935
  • #262
  • Feb 3, 2011 10:38am Feb 3, 2011 10:38am
These two pairs reversed nicely as expected, let's see if they continue up now. I am long both pairs
  • #263
  • Feb 3, 2011 10:48am Feb 3, 2011 10:48am
Quoting PurePrice
These two pairs reversed nicely as expected, let's see if they continue up now. I am long both pairs

Since price is at R1 and previous resistance .. I am out 1/2 for +35 pips
  • #264
  • Feb 3, 2011 10:54am Feb 3, 2011 10:54am
HOURLY possible BORC setup here .. watch PA for candle formation, and hopefully reverse up and PA continuation up.
Attached Image (click to enlarge)
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  • #265
  • Feb 3, 2011 11:03am Feb 3, 2011 11:03am
Long gbpusd on the hourly
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 29 KB
  • #266
  • Feb 3, 2011 11:19am Feb 3, 2011 11:19am
The move down for the eur maybe axhausted. WAtch the eurchf setup gain at these levels ... at your own risk Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 30 KB
  • #267
  • Feb 3, 2011 11:21am Feb 3, 2011 11:21am
Quoting PurePrice
The move down for the eur maybe axhausted. WAtch the eurchf setup gain at these levels ... at your own risk Attachment

Big thanks PP
  • #268
  • Feb 3, 2011 11:26am Feb 3, 2011 11:26am
maybe stopping and reversing at the boundary of the CHANNEL .. this is a channel trade setup .. so if you feel like taking some risk and with how the EUR is being sold now, taking a long trade is risky... proceed with caution
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 37 KB
  • #269
  • Feb 3, 2011 11:27am Feb 3, 2011 11:27am
Quoting Lika
Big thanks PP

you are welcome Lika .. it is nice to see you are still following this thread
  • #270
  • Feb 3, 2011 11:35am Feb 3, 2011 11:35am
Quoting PurePrice
maybe stopping and reversing at the boundary of the CHANNEL .. this is a channel trade setup .. so if you feel like taking some risk and with how the EUR is being sold now, taking a long trade is risky... proceed with caution
more a trendline to converge.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy h1 03022011.jpg Size: 139 KB
  • #271
  • Feb 3, 2011 11:40am Feb 3, 2011 11:40am
Quoting Lika
more a trendline to converge.
Attachment

Good call Lika. More reason to long this pair when you get your candle formation followed by PA confirmation.. but agian be cautious as Market is crazy now and you may wish to wait until is settles down, and Tokyo opens
  • #272
  • Feb 3, 2011 8:04pm Feb 3, 2011 8:04pm
Quoting PurePrice
Since price is at R1 and previous resistance .. I am out 1/2 for +35 pips

I am satisfied with +80 pips on this half -- out the res on this one.

I am also out nzdusd as this one is running inot resistance and out of steam for about +30 pips
  • #273
  • Feb 3, 2011 8:16pm Feb 3, 2011 8:16pm
as expected, tomorrow is NFP day and traders are waiting out till they se what NFP brings tomorrow at 8:30 EST

There are many good setups now, but with NFP tomorrow who knows what that wil bring .. so if you are inot any trades, make sure you tighten your stops or take pfits before the news comes out .. there are many LONG BORC setups, such as :

EurJpy
GbpJpy
GbpUsd
EurChf

EurGbp Channel trade (this is at lower end of down channel)
  • #274
  • Feb 3, 2011 10:37pm Feb 3, 2011 10:37pm
How is the GBP/USD trade going on Pureprice?I haven't seen an update for this trade yet.Are you still holding it?
Quoting PurePrice
Long gbpusd on the hourly
  • #275
  • Feb 4, 2011 6:57am Feb 4, 2011 6:57am
Quoting wira_chan
How is the GBP/USD trade going on Pureprice?I haven't seen an update for this trade yet.Are you still holding it?
Thanks for joining us Wira.

This trade got stopped out for -25 pips
  • #276
  • Feb 4, 2011 6:59am Feb 4, 2011 6:59am
took this one long, and it is just at breakeven now ... I am exiting this one
  • #277
  • Feb 4, 2011 7:00am Feb 4, 2011 7:00am
this one surely bounced off the BORC setup and now 60 pips in profit. Exiting before NFP
  • #278
  • Feb 4, 2011 7:02am Feb 4, 2011 7:02am
This one alos bounced off the boundary of the down channel. I am exiting this long for +30 pips near the upper boundary of the channel and before release of NFP.
  • #279
  • Feb 4, 2011 7:19am Feb 4, 2011 7:19am
now that we are about 10 minutes away from the biggest news event of the month, be cautious with your positions. either square them, or tighten your stops, just in case if the news goes against you you will end up with a small loss. If you do not square off your positions, and if the news goes your way, you will win big if you decide to tighten stop and let the trade run.

We now wait for this release
  • #280
  • Feb 4, 2011 7:20am Feb 4, 2011 7:20am
I have to drop daughter off at school and will be back after 9:00 am
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