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BORC - 100% Price Action No Indicator System

  • #341
  • Feb 7, 2011 6:49am Feb 7, 2011 6:49am
Quoting Baniu
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

Thanks for posting this setup Chris. I appreciate the assistance with these trades as I do not monitor every pair myelf, and I do not trade gold.
I hope this trade turns into a AAA setup for you and Many pips to you
  • #342
  • Feb 7, 2011 6:51am Feb 7, 2011 6:51am
Quoting drcharlz
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

Thank you drcharlz. I am glad you find this method clear and I hope you can use it as a trading tool. Good luck
  • #343
  • Feb 7, 2011 6:52am Feb 7, 2011 6:52am
Quoting surewin888
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...

Thank you for your understanding. I just do not wish to confuse readers with different setups that are not explained clearly in this thread. You may post BORC setups anytime you wish. I sometime post chanel trades as well (but not so much).
  • #344
  • Feb 7, 2011 7:11am Feb 7, 2011 7:11am
guys and gals,

Be aware mr. Trichet is speaking at 9:00 am today so that may cause some action in EUR.
  • #345
  • Feb 7, 2011 7:23am Feb 7, 2011 7:23am
Quoting PurePrice
guys and gals,

Be aware mr. Trichet is speaking at 9:00 am today so that may cause some action in EUR.
Many Eur pairs I follow...seems one last push to lower before rally backup..

I might favor on bearish side when he speaks, but i won't trade on the NEWs.
  • #346
  • Feb 7, 2011 7:25am Feb 7, 2011 7:25am
Do anyone has idea on JPY pairs going? I'm seeing very confusing on many JPY pairs...
  • #347
  • Feb 7, 2011 9:00am Feb 7, 2011 9:00am
Quoting surewin888
Do anyone has idea on JPY pairs going? I'm seeing very confusing on many JPY pairs...

We don't normally speculate, we trade the BORC
  • #348
  • Feb 7, 2011 9:13am Feb 7, 2011 9:13am
Did anyone take of the BORC setups from Friday/Sunday??? .. if so, can you please give an update on your trades?????
  • #349
  • Feb 7, 2011 9:44am Feb 7, 2011 9:44am
Quoting PurePrice
Did anyone take of the BORC setups from Friday/Sunday??? .. if so, can you please give an update on your trades?????

euchf, I gained 32 pips, very good

Thanks PP

Lika
  • #350
  • Feb 7, 2011 10:01am Feb 7, 2011 10:01am
here is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 28 KB
  • #351
  • Feb 7, 2011 10:03am Feb 7, 2011 10:03am
Quoting Lika
euchf, I gained 32 pips, very good

Thanks PP

Lika

That is terrific Lika.

It seems most of the EUR setups worked, especially eurjpy to the tune of about 80 pips. AUDUSD and NZDUSD now running into profit
  • #352
  • Feb 7, 2011 10:08am Feb 7, 2011 10:08am
potential BORC setup, although the breakout wasnot that far and not as clean as I like but this may still be a good setup as it went up about 60 pips before retracing to the current level ... Let's watch PA closely

here is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 29 KB
  • #353
  • Feb 7, 2011 11:01am Feb 7, 2011 11:01am
here is the chart ...
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 32 KB
  • #354
  • Feb 7, 2011 1:23pm Feb 7, 2011 1:23pm
here is the hourly chart for a potential BORC setup
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 29 KB
  • #355
  • Feb 7, 2011 1:28pm Feb 7, 2011 1:28pm
hourly chart setup ...
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 30 KB
  • #356
  • Feb 7, 2011 1:41pm Feb 7, 2011 1:41pm
What about this trendline (yellow)? important?

Quoting PurePrice
hourly chart setup ...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 16 KB
  • #357
  • Feb 7, 2011 3:58pm Feb 7, 2011 3:58pm
I do not normally trade daily TF, but this one looks good for someone who is inot daily TF and can stomach a large SL but a large TP as well.

Looks like this pair is unable to get above 0.9600 mark for now, and may drop further is this resistance area holds well. Keep an eye on this one for a bearish candle formation followed by bearish PA to get in short.
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 28 KB
  • #358
  • Feb 7, 2011 4:02pm Feb 7, 2011 4:02pm
Quoting dynel14
What about this trendline (yellow)? important?

I see the TL as below.
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 27 KB
  • #359
  • Feb 8, 2011 5:14am Feb 8, 2011 5:14am
s&p future seems going to crack down from here. It forms negative divergence in 1hr and bearish candle as well.

If s&p did crack down, JPY should show the strength. It will be bad for JPY pairs. I would expect BIG sell off in next 2-3 days.
Attached Image (click to enlarge)
Click to Enlarge Name: spx.jpg Size: 110 KB
  • #360
  • Feb 8, 2011 8:27am Feb 8, 2011 8:27am
Quoting PurePrice
Thanks for posting this setup Chris. I appreciate the assistance with these trades as I do not monitor every pair myelf, and I do not trade gold.
I hope this trade turns into a AAA setup for you and Many pips to you
Hi ,

Thanks PurePrice, I will try to post some valueable setups from time to time.

As for the set-up, I have finally taken long trade. After the pullback to the 1344-45 zone (dark-blue) I was waiting for good PA and I have found it on H4, it was an outside bar (4bars embraced by 1- light-blue area). I have decided to play on breakout of this range.
I had a bullish sentiment after the market formed SHS and broke out through the major TL.
I want to exit with the first part around 1371-72 (one2one formation, important s/r ) and trail the rest watching for HH and HL. I expect here that gold will resume daily trend. That would be the best scenario but you never know. Maybe it is just a correction within a correction.

Cheers,
Chris
Attached Image (click to enlarge)
Click to Enlarge Name: gold 08.02.2011r.gif Size: 40 KB
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
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