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BORC - 100% Price Action No Indicator System

  • #641
  • Mar 2, 2012 12:37pm Mar 2, 2012 12:37pm
I want highlight this chart. is no need comment be careful..
no dogma..
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  • #642
  • Mar 2, 2012 1:00pm Mar 2, 2012 1:00pm
Am not saying anyone should trade it, what am saying is it what watching together to see if any opportunity next week
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  • #643
  • Mar 2, 2012 1:16pm Mar 2, 2012 1:16pm
I see some more setups developing, but it is friday night and i think it is too late for trading. You guys have a great weekend and expect from me to test this concept the whole next week on most of the majors.
Twitter @raitchev
  • #644
  • Mar 2, 2012 1:24pm Mar 2, 2012 1:24pm
Quoting Tiwa
Am not saying anyone should trade it, what am saying is it what watching together to see if any opportunity next weekAttachment
I am not wisdom but this opportunity is possible. We can wait what say pureprice...
But I think, wait to breakout the line, and then we will see.....
  • #645
  • Mar 2, 2012 1:32pm Mar 2, 2012 1:32pm
Of course have a nice weekend guys. Next week we will continue.
  • #646
  • Mar 4, 2012 1:07am Mar 4, 2012 1:07am
Dear Pure Price, or shall i address you as PP (for short).
Thank you for opening this thread, My style of trading is very similar but i do combine the 1-2-3 setup or as some say A-B-C setup along with fibs and a couple of MA's. MA is used exclusively for support and resistance but your pivot indicator is just as good.

Here i am attaching a chart of GBP/jpy. Let me know what you think..
Last week we saw a good down move on this pair but it gained almost all of it back by the end of the week. This puts the new weekly perspective to a bullish mode but on the hourly time frame, i find it bearish until 128.62 which is 161.8 of the hourly retracement, so either there should be a gap until 128.62-70 or it might go down to that level on monday and then start it's bullish rally. Here is a chart. Do tell me your thoughts on this. I enjoy constructive criticism, so please don't hesitate to tell me if i am totally wrong :-)
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STING
  • #647
  • Mar 4, 2012 11:17am Mar 4, 2012 11:17am
Getting ready for the next week. I have all the charts set up and i am thinking about setting up one demo account and linking it to the trade explorer so i can track my results.
As i said ill try to watch and post signals on all the major usd pairs (only those, i have really bad experience with any other crosses, especially GBP/JPY - i blowed one of my older accounds with it ) so please PurePrice, brontoo and the others watch and judge them

@stringfx i find your charts a bit confusing with all those indicators and stuff. remember it is an indicator free method?
Twitter @raitchev
  • #648
  • Mar 4, 2012 7:52pm Mar 4, 2012 7:52pm
Quoting stringfx
Dear Pure Price, or shall i address you as PP (for short).
Thank you for opening this thread, My style of trading is very similar but i do combine the 1-2-3 setup or as some say A-B-C setup along with fibs and a couple of MA's. MA is used exclusively for support and resistance but your pivot indicator is just as good.

Here i am attaching a chart of GBP/jpy. Let me know what you think..
Last week we saw a good down move on this pair but it gained almost all of it back by the end of the week. This puts the new weekly perspective to a bullish mode...

I find the charts a bit too busy and hard to read. I am not a beliver in fib levels and as such can't really comment on those. I am trying to keep the charts as clean as possible and only look for obvious support/resistance levels. But good luck with your trading and you should trade the way yu feel is most appropriate for your and your personality.
  • #649
  • Mar 4, 2012 8:11pm Mar 4, 2012 8:11pm
I am short USDCHF on a daily entry. This is not a BORC trade but more of an S/R trade where the price is touching the falling trendline and I am hoping that the price will get rejected here at the line and fall a few pips (preferably a couple hundred pips ). Here is the chart and I believe someone else posted it earlier, but here iit is again, just in case u missed it before.
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  • #650
  • Mar 4, 2012 8:35pm Mar 4, 2012 8:35pm
here is a pair I never trade, but if you trade this pair and familiar with its personality you may want to consider going Long on this one, if this daily candle closes as a bullish engulfing. Note that my platform daily candle starts at 00 EST, and your platform maybe different.
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  • #651
  • Mar 4, 2012 8:46pm Mar 4, 2012 8:46pm
pretty much exactly the same as USDCHF above ... If you are gonna trade those, only one or the other as you are basically doubling your exposure. However, if u wish to trade both, trade only 1/2 your normal lot size on each so that you are risking the same amount as if you were trading only one of those pairs, as if one trade fails, it is very very likely the second one will fail exactly the same way.
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  • #652
  • Mar 5, 2012 12:27am Mar 5, 2012 12:27am
pureprice the usdchf on 4 hours look like uptrend let look @ this together
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  • #653
  • Mar 5, 2012 1:11am Mar 5, 2012 1:11am
Good morning... i see so many setups so far.
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Long -GBP/USD - two lines coincidence... this is a borc setup i believe.
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- not a BORC setup, but really strong trend line - long AUD/USD (and possible botc setup later)
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- Long USD/JPY - BORC setup

Watch the NZD/USD... it is about to tuch really stron support line...
omg im hungry i need a breakfast
Ill post SL and TPs later. So glad i am not trading this live, i guess when i start ill have to wake up way early...
Twitter @raitchev
  • #654
  • Mar 5, 2012 1:14am Mar 5, 2012 1:14am
As i said, NZD/USD is about to tuch strong support line. I just nothiced the same thing for the EU/USD. Watch closely.
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Guys i am waiting for your opinion about those setups.
Twitter @raitchev
  • #655
  • Mar 5, 2012 1:41am Mar 5, 2012 1:41am
Quoting raitchev
Good morning... i see so many setups so far.
Attachment
Long -GBP/USD - two lines coincidence... this is a borc setup i believe.
Attachment - not a BORC setup, but really strong trend line - long AUD/USD (and possible botc setup later)
Attachment - Long USD/JPY - BORC setup

Watch the NZD/USD... it is about to tuch really stron support line...
omg im hungry i need a breakfast
Ill post SL and TPs later. So glad i am not trading this live, i guess when i start ill have to wake up way early...
Okay:
GBP/USD - Long @1.5819, SL : 1.5801. TP: 1.5848 (small trade but theres another resistance line closely)
AUD/USD - Long @ 1.0716, SL:1.0693, TP: 1.0750.. for now... but since this is a major support line i believe we can hunt more
USd/JPY - Long @ 81.25, SL: 81.07, TP:81.50... probably will move SL to BE as soon as possible because i just dont have good feeling about this trade.
Twitter @raitchev
  • #656
  • Mar 5, 2012 1:53am Mar 5, 2012 1:53am
Quoting raitchev
Okay:
GBP/USD - Long @1.5819, SL : 1.5801. TP: 1.5848 (small trade but theres another resistance line closely)
AUD/USD - Long @ 1.0716, SL:1.0693, TP: 1.0750.. for now... but since this is a major support line i believe we can hunt more
USd/JPY - Long @ 81.25, SL: 81.07, TP:81.50... probably will move SL to BE as soon as possible because i just dont have good feeling about this trade.
SL: GBP/USD - got hit....
Twitter @raitchev
  • #657
  • Mar 5, 2012 2:20am Mar 5, 2012 2:20am
Quoting raitchev
SL: GBP/USD - got hit....
AUD/USD - too... oh well i guess not a good start of the week
Twitter @raitchev
  • #658
  • Mar 5, 2012 2:22am Mar 5, 2012 2:22am
hi guys another setup i think would be good this week and let us look @ it EURUSD look more down side
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  • #659
  • Edited 2:26am Mar 5, 2012 2:25am | Edited 2:26am
in this thread i think we all looking for ways to maximised our profit so we need to discus whatever anyone posted may be we can get something out of it example i posted some setup last friday is one in short on AUDUSD
  • #660
  • Mar 5, 2012 2:47am Mar 5, 2012 2:47am
here is the move on the audusd i posted on friday see page 43 am looking for around 100 pips hopefully
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