BORC - 100% Price Action No Indicator System | Page 19 | 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

  • #361
  • Feb 8, 2011 8:47am Feb 8, 2011 8:47am
Quoting Baniu
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...

Nice setup Chris. Keep up the good work.
  • #362
  • Feb 8, 2011 10:57pm Feb 8, 2011 10:57pm
It seems the dollar index likely going to pull back tonight as you see in the chart.

For aggressive trader, I would favor long eurusd, nzdusd...but make sure scalp out with 50pips SL...I think dollar index has more room to upside once it break out its congestion area.

For me, I would prefer to short it when it pull back especially on eurusd.
Attached Image (click to enlarge)
Click to Enlarge Name: dx-1.gif Size: 33 KB
  • #363
  • Feb 9, 2011 9:40am Feb 9, 2011 9:40am
usdchf is pulling back to the previous resistance level (may become new support) at 0.9600 ... looks like price is hesitating and may bounce back up
  • #364
  • Feb 9, 2011 10:21am Feb 9, 2011 10:21am
Quoting PurePrice
usdchf is pulling back to the previous resistance level (may become new support) at 0.9600 ... looks like price is hesitating and may bounce back up

Well the candle closed as doji and that is a good indication of indicision at this point. Let's see if the bulls can pull the price
  • #365
  • Feb 9, 2011 10:45am Feb 9, 2011 10:45am
Quoting PurePrice
Well the candle closed as doji and that is a good indication of indicision at this point. Let's see if the bulls can pull the price

Here is the trade
Attached Image (click to enlarge)
Click to Enlarge Name: mt19.gif Size: 28 KB
  • #366
  • Feb 9, 2011 11:12am Feb 9, 2011 11:12am
Quoting PurePrice
Here is the trade

stopped out for -20 pips
  • #367
  • Feb 9, 2011 11:39am Feb 9, 2011 11:39am
hi PP and all

i have a question, is the trend line i draw valid? and the should wait to buy?
Attached Image (click to enlarge)
Click to Enlarge Name: nu1.gif Size: 20 KB
  • #368
  • Feb 9, 2011 11:45am Feb 9, 2011 11:45am
Quoting razif
hi PP and all

i have a question, is the trend line i draw valid? and the should wait to buy?
I would be caution on SHORTING $ pair.
  • #369
  • Feb 9, 2011 11:46am Feb 9, 2011 11:46am
Quoting razif
hi PP and all

i have a question, is the trend line i draw valid? and the should wait to buy?

The line is valid, and yes, you would wait for a buy now. However, please note that 9 hours prior to this we had a bounce from the same area at 7700 to 7740 .. so be careful
  • #370
  • Feb 9, 2011 11:34pm Feb 9, 2011 11:34pm
I think s&p will start cracking down tomorrow which will be negative for JPY pairs.

Many JPY pairs likely go to top out very soon...

I personally like to short eurjpy and gbpjpy which will have more leg upside likely...
Attached Image (click to enlarge)
Click to Enlarge Name: spx.jpg Size: 94 KB
  • #371
  • Feb 10, 2011 12:18am Feb 10, 2011 12:18am
I still suspect dollar index have one more pull bk to its 38.2% retracement before its uptrend continue.

I would like to short gbpusd, eurusd on its rally on us session.
Attached Image (click to enlarge)
Click to Enlarge Name: dx.jpg Size: 123 KB
  • #372
  • Feb 10, 2011 5:13am Feb 10, 2011 5:13am
...bought ej @112.76 sl @112.57...
Attached Image (click to enlarge)
Click to Enlarge Name: ej-buy.png Size: 16 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #373
  • Feb 10, 2011 9:24am Feb 10, 2011 9:24am
Quoting sam69
...bought ej @112.76 sl @112.57...
Nice setup and it loks liek you are about +35 pips in profit right now.
  • #374
  • Feb 10, 2011 10:06am Feb 10, 2011 10:06am
Quoting PurePrice
Nice setup and it loks liek you are about +35 pips in profit right now.
thanks pp!,im out @113.10 near recent top and long on eu @1.3597 right now... [email protected]
Attached Image (click to enlarge)
Click to Enlarge Name: eu-buy.png Size: 19 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #375
  • Feb 10, 2011 10:24am Feb 10, 2011 10:24am
Hey pureprice and others.

Have been a lurker for quite some time and I like this thread.

Thanks for the active thread. I Will be surely contributing if i find something.
Making money is easy- Just dont take losing trades
  • #376
  • Feb 10, 2011 10:26am Feb 10, 2011 10:26am
Quoting sam69
thanks pp!,im out @113.10 near recent top and long on eu @1.3597 right now... [email protected]
I like this setup also around the 1.3600 level as it is doublezero, two trendlines meeting and the bottom of the daily ATR.
  • #377
  • Feb 10, 2011 10:28am Feb 10, 2011 10:28am
Sorry guys and gals I have not been posting so much as I have been busy at work and do not have time to watch the platform. I work 9 to 6 NY time and that is when I also trade and post. I would hope that other viewers can post ther setups whenever they can (preferably before teh trade takes place) ... thanks.

Note I am also working on a couple more strategies that compliment this one and hope to post those in the next couple of weeks .. stay tuned
  • #378
  • Feb 10, 2011 10:30am Feb 10, 2011 10:30am
Quoting Survivor
Hey pureprice and others.

Have been a lurker for quite some time and I like this thread.

Thanks for the active thread. I Will be surely contributing if i find something.

It is really great to have you join us, and thank you for your feedback. We are all looking forward to your contributions.
  • #379
  • Feb 10, 2011 10:32am Feb 10, 2011 10:32am
Quoting PurePrice
I like this setup also around the 1.3600 level as it is doublezero, two trendlines meeting and the bottom of the daily ATR.
yes,bottom of the channel and rejection from 61.8 fib of recent swing high,little bit too early but sl set already be+1...
Money is made by sitting, not trading. Jesse L. Livermore
  • #380
  • Feb 10, 2011 10:34am Feb 10, 2011 10:34am
Quoting PurePrice
I like this setup also around the 1.3600 level as it is doublezero, two trendlines meeting and the bottom of the daily ATR.

If anyone is following this trade .. we had a Doji candle closing then followed a Pinbar candle, which was a good formation to take this trade Long. Now the current candle is very bullish, so let's hope for nice number of pips up. 1.3645 is first TP
1 trader viewing now