The 3 Duck's Trading System

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Old May 11, 2009, 9:11pm   #801
 
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btw, wtf is shergar ?
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Old May 11, 2009, 9:19pm   #802
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LOL - I've also just been looking back at the Cable chart (GBPUSD) and I reckon that I would probably have been tempted in at about 16:15 BST to buy at about 1.5115 or above for a swift 20 odd points. I probably would have been out after the first doji at 16:30, especially as that is after the end of the London session.

Again, my question is about the entry: am I on the right lines ?

Cheers

Reler
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Old May 11, 2009, 9:23pm   #803
 
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reler,
if i could ever offer you one serious word of advice in between Tiger beers, f::ck forex,
it's a complete ballax, newbie graveyard.
Stick to what the pros look at, ES, or at worst YM ......

don't take my word for it. check out all the threads. which ones offer the most get-rich-quick-sucker BS ........ the Banker's pay cheque, retail foreskin ....
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Old May 11, 2009, 10:00pm   #804
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Ummm ... showing myself up as a newb I know, but what are "ES" & "YM ?
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Old May 11, 2009, 10:00pm   #805
 
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Quote:
Originally Posted by rathcoole_exile View Post
looks like Andy is busy robbing Post Offices, or whatever they do down there for fun, he's not been here for a while ....

In Las Palmas at the moment sipping a coffee not my fav brand, Maxwell House is ...
Your welcome to join me!

Decent trends on the 4hr charts which is what you want for trading the ducks.

I fancied going long the Eur.Usd about 2 weeks ago when she closed over the 4hr sma. I knew I was going to be in Las Palmas for a while baking in the 30 degree heat so I took a bit of a swing on it at 1.3130, stop-loss at 1.2930 and a target up at 1.3375 just before the resistance. It worked out, +245 pips for a 200 pip risk, nothing special but it will keep the fox from the door

Not really a decent opps on the 5min chart today on eur.usd - noting paying off too well.

Still I'le be following the trendie pairs and looking for some decent enteries in the days ahead.


Let your profits roll when the 4 hr sma is pointing and not flat!

Andy
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Old May 12, 2009, 6:21am   #806
 
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Originally Posted by Captain Currency View Post
In Las Palmas at the moment sipping a coffee not my fav brand, Maxwell House is ...
Your welcome to join me!
Andy, if it's cooler than it is here, I might take you up !

Garry
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Old May 14, 2009, 10:19pm   #807
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Originally Posted by rathcoole_exile View Post
reler,
if i could ever offer you one serious word of advice in between Tiger beers, f::ck forex,
it's a complete ballax, newbie graveyard.
Stick to what the pros look at, ES, or at worst YM ......

don't take my word for it. check out all the threads. which ones offer the most get-rich-quick-sucker BS ........ the Banker's pay cheque, retail foreskin ....
Rathcoole_exile, like I said, I am kind of lost with some of your terminology: "ES" and "YM". What are these please ?

Cheers,

Reler
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Old May 14, 2009, 10:30pm   #808
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Originally Posted by reler View Post
Rathcoole_exile, like I said, I am kind of lost with some of your terminology: "ES" and "YM". What are these please ?

Cheers,

Reler
The ES is the future of the S&P500 and the YM is the Dow Jones future.

cheers
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