BORC - 100% Price Action No Indicator System

here is something you might enjoy if you have time to trade 5-minute charts. This is the bonus I promised you last week.

http://www.forexfactory.com/showthre...=1#post4397997

This pair is at bottom of a channel and has form a doji indicating rejection at the zone. Long if PA continues up.

still watching this one at this zone. No formation to determine direction either way.

looks like it is forming a doubletop at the zone. We had a bearish daily candle. I have pending SHOR Torder if price continues down

Still at the zone, and no real indication which way at this point in time, although the candle did close below the trendline, which may signal a breakout to the downside. BUT will need to wait for more signals as the price may go back up again. I am staying on sideline until further clarity. We need the market to show us its hand first

Still valid for a bounce up as before ... nothing new to update here really

if we can break below 15950 level, I think we will have a valid BO down.

positive divergence + Above kijun-sen(1hr) + support + Oversold

out of long and reversed short @3511...

pp,yes you're right,i enter my trades on m5,therefore they are bit too early,my analyses are on d,4h and 1h...

Thanks pureprice. I didnt trade it but i was watching your charts and at least didnt get caught on wrong side of bounce. Not losing money is good trade

Anyone take any traes that they would like to update us on.

this pair bounced nicely up form the point of entry (1.3485) to go up to 1.3550. My first TP was hit for 65 pips which was also my SL. As my first TP was hit, I moved rest to BE, which was just hit. So total for the trade is 65 pips on 0.3 lots.

My pending SHORT order as hit @ 9681, just below the daily low of the bearish candle.. it has since went down about 35 pips, but now back up agina to about BE. Keeping this trade pen for the time being with 0.3 lots.

Pending Long order was hit @ 1.3115, and has since retraced back to old daily resistance around 1.3040, just missed my SL by 2 pips. Wil see if this bounces back up agina, or if it will plough through the 1.3040 level. My TP is set at 1.3195

Here is a trade I have been in since yesterday morning when I saw bullish consolidation turning to the upside.

I am targeting the 3600 area.

on the H4 Price is hitting up against upper boundary of channel and looks to be rejected frming a bearsih candle. Let's ee if we get follow though after opening of the 1 pm candle to go SHORT

I went short on this one a BO trade.

There is a possible BO setup here on gbpusd.

Here is how I trade a BO

1- Get a nice BO candle with Full Body
2- Following the BO candle you get a hesitation candle with small body
3- Set a pendig order just past the range of the previous 2 candles
4- Exit at close of the following candle if trade triggers.

SL hit for -75 pips on all 0.3 lots

Hi I notice you don't really use the first and second wick to start your trend lines. Any reason why not?