BORC - 100% Price Action No Indicator System

Better be out at BE than a big loss the trade has moved about 30 pips already so it is a good time to lock in as it is also goign to be lunch time in NY soon and things just die down form that point on normally

watch PA here

No worries. Just don't dump the thread please. it's good stuff here. Still clean and nice and free from indys. I hate indicators that keep repaitning and giving BS trades

And yes i, for one, would wait for more strategies.

Wil not dump the thread any time soon but may not post as often as I would like.

out

Out at BE

Dramatic move on EU Thursday. Moved down the whole day! Not seen that for sometime. Hope you gained something.

...try again...bought @ big sup...

possible sell @pullback to bo point on sup line...

s&p future seems has one last push up before dropping. meaning JPY pairs has one more push up as well. 1375 area is key resistance for s&p future where it is 78.6% retracement.

$ index going to hit BIG resistance around 79. It already broke its asending triangle in 4hr chart. Is it going to retrace to its support area? Is it keep going up with taking a break? I don't know. I rather trade on its break out and its support area. I would favor on short side on $ index. I would think audusd, nzdusd is good long canditation once $ hits 79 with one more push up. On the short side usdchf, gbpchf.

Guys and Gals,

As I am not having enough time to post hourly or shorter time frame setups, starting next week I will be doing 4HR and Daily chart setups instead. Those will likely come at/after close of the trading day in NY (so basically 5 pm EST). If I see 4HR setups, I will likely post them at lunch time (1-2 pm) or so as that is my lunch hour at work.

Additionally, I will likely post more trade setups than just BORC. This likely include Channel and Trendline trades, which would compliement BORC, in the sense that we do not wait for a breakout, retrace and continuation. We will just trade the rejection of the price at the trendline or channel bounadries. Again all of these trades are pure price action based trades.

In rare cases, I will also trade the actual breakout, hesitation, continuation pattern if the setup conditions are there (more to come on this one next week).

Given the aforementioned, the setups will be far less than on the hourly or 15-minute charts and will involve setting up a much larger SL and TP targets. However if you have some time to watch the screen in between setups, you can trade the hourly or a 5-minutes the same exact way we trade the 4HR and Daily setups. Please post our setups if you can.

The Bonus, I am working on a 5-minute trading method that requires you to scalp the market, which will be a great addition to this strategy if you can afford screen time, while waiting for onger term setups. This method is best traded during the first three hours of EU/London/NY sessions as that is when the market has most volume. I should have ready sometime in the middle of next week or the start of the week after. Would anyone be interested in this way of trading????

I would like for us to keep track of our trades somehow to see if these methods are successful an actually worth spending time trading them. All I can think of is that every weekend we can get a report from our MT4 statement and post it to show the track record. We can all open a $10,000 demo account and trade it for the next few months, starting say March 1st? May be we can even have two accounts, one for longer term setups and one for scalping.

Is there a better way to keep track of account performance??

Good luck and I await your feedback.

for keeping track purpose, i think there are many sites like mt4pips.com, myfxbook.com

23.6% fib + trendline + resistance.

1.382% retracement + Negative divergence + Overbought + Piviot high

1.382% retracement + Negative divergence + Overbought + Piviot high

1.382% retracement + Negative Divergence + Resistance

Currently price at previous support and hesitating by forming double doji candles at the 1.3500 level. Please note that my magenta lines are H4 and my cyan lines are Daily R/S or trend lines.

here is the setup for a possible bounce up next week. watch PA at the current level. it is previous resistance on 4 H and upchannel boundary on the daily

here is the setup ... confluence of 2 lines for a BORC setup. However be aware of daily resitance (cyan line) just above