Possible short @1.60 after it breaks down its trendline. Looking to retest its 61.8% retracement
Price Action System/Indicator 380 replies
Swing Indicator: Touch of the price with SMA 50-100-200 0 replies
Price Activity indicator (not Price Action) 7 replies
Building a system based on price action 5 replies
Dislikedfantastic thread, PP. Hope others see the value in your confluences, as it does work. Personally I thrive on TL failures, and flips, and it seems you do much of the same.Ignored
DislikedI short audnzd @1.3170...I would expect to retrace back into 38.2% retracement or trendline area in the blue
http://www.forexfactory.com/showpost...&postcount=324Ignored
DislikedShort eurchf @1.2960. I would expect pull back into 50% retracement or 38.2% retracement for it.
Trading Rule:
1. Discard the setup if it doesn't triggered before 3:00pm EST.
2. Move SL to breakeven after gain the 50 pips.
3. Close 50% of position after reach 100 pips gain.
4. Move you SL to 200ma in 15min chart as new SL after reached 100pips gain.
5. Close all profit positions after 1:00pm on Friday. Don't want to carry winning trade over the weekend.Ignored
DislikedNews hour candle ended up as a doji, and now the next candle is looking bullish. Maybe starting to turn bullish ... let's wait for the close of this candle to decide.Ignored
DislikedThanks Surewin, but I am unsure about your setup and the reason why you are taking this trade .. remember we are interested in BORC setups here only, so please keep it to that setupIgnored