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BORC - 100% Price Action No Indicator System

  • #601
  • Feb 29, 2012 9:49am Feb 29, 2012 9:49am
chart are crazzzzy.....
  • #602
  • Feb 29, 2012 10:01am Feb 29, 2012 10:01am
Quoting PurePrice
Depends where you place your SL and TP.

This one went up about 50 pips before dropping, and it only dropped about 30 pips below entry before it bounced up again. So again, it all depends how you managed your trade, it may or may not have been stopped out.
Evidently it depends on where you put your SL, but I thought your own entry method would have got you in at the break of the pin-bar, with SL below the pin-bar. And price went up 30 pips from the break of pin-bar, before dropping 30 pips below it (50 pips from the entry price).

Have I got this right as far as your own personal method of entry, SL placement etc?
  • #603
  • Feb 29, 2012 10:05am Feb 29, 2012 10:05am
Quoting brontoo
chart are crazzzzy.....

That is because Fed's Bernanke is speaking ... I usually stay on the sidelines when someone is speaking, as the markets react in an unpredictable fashion, and u normally get whipped if you are in the market at that point in time.
  • #604
  • Feb 29, 2012 10:08am Feb 29, 2012 10:08am
Quoting shandy
Evidently it depends on where you put your SL, but I thought your own entry method would have got you in at the break of the pin-bar, with SL below the pin-bar. And price went up 30 pips from the break of pin-bar, before dropping 30 pips below it (50 pips from the entry price).

Have I got this right as far as your own personal method of entry, SL placement etc?

Well, if u want to get the best entry price, you would just place a limit buy or sell order and get filled right at the area of the bounce, and have SL of about 50 pips in place. IF you wish to wait for confirmation and candle closure, then you will certainly have a wider SL because you have to account for the candle size, in this case the pinbar formation.
  • #605
  • Feb 29, 2012 1:12pm Feb 29, 2012 1:12pm
Bernanke really shake with cards.
  • #606
  • Feb 29, 2012 3:16pm Feb 29, 2012 3:16pm
Now I look no this chart....
If candle close above the horizontal at 1.5900 line is posible move to upward.. and bounce from the trend line. then make valid BORC entry, with target on the support line... if close below the horizontal line, is posible downward move...
Attached Image (click to enlarge)
Click to Enlarge Name: 29- 2- 2012 22-08-48 GBPUSD.jpg Size: 138 KB
  • #607
  • Feb 29, 2012 5:29pm Feb 29, 2012 5:29pm
Quoting brontoo
Now I look no this chart....
If candle close above the horizontal at 1.5900 line is posible move to upward.. and bounce from the trend line. then make valid BORC entry, with target on the support line... if close below the horizontal line, is posible downward move...
that is an excellent example there Brontoo ... did u take this trade ??
  • #608
  • Feb 29, 2012 5:52pm Feb 29, 2012 5:52pm
Quoting PurePrice
that is an excellent example there Brontoo ... did u take this trade ??
is a good example, but I will not trade it ... because missing atractivity... for me.
and did U trade it?
  • #609
  • Feb 29, 2012 5:56pm Feb 29, 2012 5:56pm
looks like our NZDUSD chart worked out perfectly in Tokyo session. The other charts took way too long and we were up against Bernanke testimony before those chart setup mateialized. I normally would not enter any trades around big news events such as speeches.

As it stands now however, looks like GU is actually bounced against the 15900 figure at 15903 or so that we outlined last night, so that setup is in play currently, as Brontoo just mentioned also a couple of postings ago.
  • #610
  • Feb 29, 2012 6:13pm Feb 29, 2012 6:13pm
Quoting PurePrice
looks like our NZDUSD chart worked out perfectly in Tokyo session. The other charts took way too long and we were up against Bernanke testimony before those chart setup mateialized. I normally would not enter any trades around big news events such as speeches.

As it stands now however, looks like GU is actually bounced against the 15900 figure at 15903 or so that we outlined last night, so that setup is in play currently, as Brontoo just mentioned also a couple of postings ago.
Look like very nice respect support and resistance levels today.
and also nice bonce UP no the blue line.
Attached Image (click to enlarge)
Click to Enlarge Name: 1- 3- 2012 1-11-47 NZDUSD.jpg Size: 112 KB
  • #611
  • Feb 29, 2012 6:21pm Feb 29, 2012 6:21pm
I see a few possible BORC setups

1- GBPUSD long entry around 1.5900 as is the case currently

2- CADUSD short entry around 0.9900 as currently is th3 case as this pair is already starting to retreat down form 0.9908

3-USDCHF now that it finally has broken the 0.9000 figure to the upside, I expect that number to become support now and if the pair retraces and resest, the zone around 0.9000-0.9010 "should" hold as support and we may want to go long around this zone

4-NZDUSD has brokn down the rising channel and is now moving slowly upward. If this pair retraces all the way back to the lower boundar of the channel or where the price broke down outta the rising channel it may give us a short opportunity there
  • #612
  • Feb 29, 2012 6:24pm Feb 29, 2012 6:24pm
Quoting brontoo
Look like very nice respect support and resistance levels today.
and also nice bonce UP no the blue line.

That is a good one too, i didnto see that one but thanks for pointing that out brontoo.

As you can see, these setups are everywhere you just gotta train your eyes to see them
  • #613
  • Feb 29, 2012 6:42pm Feb 29, 2012 6:42pm
Quoting PurePrice
I see a few possible BORC setups

1- GBPUSD long entry around 1.5900 as is the case currently

2- CADUSD short entry around 0.9900 as currently is th3 case as this pair is already starting to retreat down form 0.9908

3-USDCHF now that it finally has broken the 0.9000 figure to the upside, I expect that number to become support now and if the pair retraces and resest, the zone around 0.9000-0.9010 "should" hold as support and we may want to go long around this zone

4-NZDUSD has brokn down the rising channel and is now moving slowly...
USDCAD is very nice setup... thanks... I am short entry0.9886 sl 0.9910 tp 0.9850 ...
thank you for you analysis... nice work.
  • #614
  • Feb 29, 2012 7:53pm Feb 29, 2012 7:53pm
This pair demands a big spread normally and it makes huge moves usually so I dont usually look at it often, but if u have the guts to trade it, you may wish to look for a long entry around the 1.2825-12850 zone if it retraces that far down
  • #615
  • Feb 29, 2012 7:57pm Feb 29, 2012 7:57pm
I just linked to FF Trade Explorer and I have no idea if I did correctly or not ... it just showed up on top on of this thread and I assume it is working although there is a warning msg there

Anyway, the idea is that I will be trying to track trade setups on this thread starting March 1st and see how these trades do by end of each month. This is DEMO account and as such i would likely be doing about 5% per trade SL to start and move the SL as the trade develops.
  • #616
  • Feb 29, 2012 8:08pm Feb 29, 2012 8:08pm
Thank you for sharing this.

Sometimes, it is really good to sit back and reflect on the simplicity at times.
Chances favour the prepared.
  • #617
  • Feb 29, 2012 8:29pm Feb 29, 2012 8:29pm
Quoting jasonowl
Thank you for sharing this.

Sometimes, it is really good to sit back and reflect on the simplicity at times.
You are most welcome Jason. Hope you find some useful information and good trade setups on this thread that may help with your trading.

You are correct though, sometimes simple is good and sometimes it is good to reflect on simple things.
  • #618
  • Mar 1, 2012 11:21am Mar 1, 2012 11:21am
@PurePrice: I guess this is why u shorted the nzd/usd right?
Attached Image (click to enlarge)
Click to Enlarge Name: 11.gif Size: 18 KB
Twitter @raitchev
  • #619
  • Mar 1, 2012 2:40pm Mar 1, 2012 2:40pm
I hope yes.. lol
The trade looks good though. I am thinking for TP somewhere at 0.8340
Twitter @raitchev
  • #620
  • Mar 1, 2012 3:03pm Mar 1, 2012 3:03pm
Quoting raitchev
I hope yes.. lol
The trade looks good though. I am thinking for TP somewhere at 0.8340
There is also rounded number 0.8400.... Is ist double point of interest... trend line and psych.. line :-)
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