BORC - 100% Price Action No Indicator System | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: BORC - 100% Price Action No Indicator System
Exit Attachments

BORC - 100% Price Action No Indicator System

  • #321
  • Feb 5, 2011 6:14am Feb 5, 2011 6:14am
Possible short @1.60 after it breaks down its trendline. Looking to retest its 61.8% retracement
Attached Image (click to enlarge)
Click to Enlarge Name: gc.jpg Size: 113 KB
  • #322
  • Feb 5, 2011 6:17am Feb 5, 2011 6:17am
Possible long at 1.3280 area. It will likely takes several days to develop it.

Note:
Oversold in rsi. Nice doji candle. 38.2% retracement. Previous resistance now become support.
Attached Image (click to enlarge)
Click to Enlarge Name: ea.jpg Size: 123 KB
  • #323
  • Feb 5, 2011 6:24am Feb 5, 2011 6:24am
eurgbp mite takes a week or two develop long position. Likely it will test 0.830 area or slightly lower then bounce back.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 129 KB
  • #324
  • Feb 5, 2011 6:26am Feb 5, 2011 6:26am
I short audnzd @1.3170...I would expect to retrace back into 38.2% retracement or trendline area in the blue
Attached Image (click to enlarge)
Click to Enlarge Name: an.jpg Size: 130 KB
  • #325
  • Feb 5, 2011 6:40am Feb 5, 2011 6:40am
I expect dollar expect will keep the fuel up to rally into 78.80-79.10 area which is big resistance there. Then it will likely to take the break.

If dollar index get theres, eu drop to 1.3470 area and gu drop to 1.5920-50 area...I will look to long the EU, GU position.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dx.gif Size: 24 KB
Click to Enlarge Name: eu.jpg Size: 135 KB
  • #326
  • Feb 5, 2011 6:44am Feb 5, 2011 6:44am
Possible setup for EJ if eur/usd didn't find support around 1.3470 area.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 123 KB
  • #327
  • Feb 5, 2011 2:24pm Feb 5, 2011 2:24pm
fantastic 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.
  • #328
  • Feb 6, 2011 3:04pm Feb 6, 2011 3:04pm
Thank u for your posts surewin ... I do not monitor most of the exotic pais, so you compliment that perfectly. and you look for 4h setups, I am more of a 1 hr setup kindda guy
  • #329
  • Feb 6, 2011 3:05pm Feb 6, 2011 3:05pm
Quoting qwerty00
fantastic 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.

Welcome Qwerty. Wish you much success with this method and your own method.
  • #330
  • Feb 6, 2011 3:16pm Feb 6, 2011 3:16pm
I do not normally log online on Saunday, but here I am ... I just cheked my potential setups from Friday, and they are all still valid ...

Should wait till Tokyo open to see if anything exciting develops. I assume tonight is a slow night, and things will get exciting as EU and London open. However, AUD has news coming out in 75 minutes that may move the AUD and NZD pairs. So keep a close eye on the audusd and nzdusd pairs for confirmation or failure of our potential long setups.
  • #331
  • Feb 6, 2011 3:16pm Feb 6, 2011 3:16pm
Quoting PurePrice
Welcome Qwerty. Wish you much success with this method and your own method.
over the weekend, here we are again, I wish you all a week of many positive pips

Lika
  • #332
  • Feb 6, 2011 3:23pm Feb 6, 2011 3:23pm
Quoting PurePrice
Didn't you go to bed already ....
Only today did I see that your post, because I really was already in bed.

sometimes you can see me online, but because my computer is on, it has no rest

Cheers
Lika

23:27 GMT+1 was.............
  • #333
  • Feb 6, 2011 4:14pm Feb 6, 2011 4:14pm
Quoting surewin888
I 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=324
Close audnzd for +10 pips gain. News is coming for Aussie. Even i think it will at least drop to 1.31 area first.
Attached Image (click to enlarge)
Click to Enlarge Name: an.jpg Size: 118 KB
  • #334
  • Feb 6, 2011 5:02pm Feb 6, 2011 5:02pm
Short 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.
Attached Image (click to enlarge)
Click to Enlarge Name: ec.jpg Size: 130 KB
  • #335
  • Feb 6, 2011 5:37pm Feb 6, 2011 5:37pm
Quoting surewin888
Short 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.

Thanks 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 setup
  • #336
  • Feb 6, 2011 5:43pm Feb 6, 2011 5:43pm
News 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.
  • #337
  • Feb 6, 2011 6:01pm Feb 6, 2011 6:01pm
Quoting PurePrice
News 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.

Nice bullish candle close ... I would watch PA for a few min and jump in Long if it continues up
  • #338
  • Feb 6, 2011 9:11pm Feb 6, 2011 9:11pm
Quoting PurePrice
Thanks 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 setup
oh...sorry...My setup based on trendline, resistance, fib and ichimoku setup.

I guess I won't post my trade setup here since it is not BORC setup...
  • #339
  • Feb 7, 2011 1:55am Feb 7, 2011 1:55am
Hi Guys,

I'm still waiting for gold. It broke out nicely, piercing through TL and s/r around 1344-45. Now it is making a pullback to this zone but I'm still waiting for proper PA. I prefer to have a perfect set up than to take C or B trade.
Tread cautiously because it is f!@#ing treacherous, a trap is everywhere

I wish you tons of pips.

Cheers,
Chris
Attached Image (click to enlarge)
Click to Enlarge Name: gold 07.02.2011r.gif Size: 14 KB
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
  • #340
  • Feb 7, 2011 3:09am Feb 7, 2011 3:09am
Thanks for a great post and the pdf. Nice to see something I have seen other experienced traders use and explained so succinctly. Really appreciated
0 traders viewing now