The 3 Duck's Trading System

This is a discussion on The 3 Duck's Trading System within the Forex forums, part of the Markets category; Originally Posted by Depth Trade Trading currency is about 100x harder than this Strat. represents. DT Hello again Depth, Of ...

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Old Oct 5, 2007, 11:48am   #151
 
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Quote:
Originally Posted by Depth Trade View Post

Trading currency is about 100x harder than this Strat. represents.


DT
Hello again Depth,

Of course it easier to read about a system than to actually trade it day to day. I often wonder why there are so many overweight people in the world even though there are 1000's on books on diet & excerise. (no offence to OW ppl)

You gotta put some work in!


Kind Regards,
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Old Oct 5, 2007, 12:01pm   #152
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Originally Posted by chump View Post
"Can't think of any other way to make money trading"....you have four out of 7 whatevers....you want a fifth cheaper than ask...you signpost the 4 for sale and knock the ask down ..buy the ask and take the signpost off the 4 you already hold... I did this with properties once...but it applies to virtually anything..think about FX and see if you can see where it is being applied collectively ....buying and selling is all about people and their behaviour...winning strategies are based upon that ,even when the people applying them don't actually understand the behaviour underneath.
This ties in nicely with the current 'Flipping' thread. Chump, were you once the Paul Rotter of the property world?
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Old Oct 5, 2007, 3:30pm   #153
 
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Originally Posted by TheBramble View Post
I disagree. The rules stated position you exactly the same each time – if you follow it to the letter. Not that I’m suggesting anyone does (not my call), but if they choose to, it’s the same setup each and every time. Don’t forget, MA-X is one of the few time-tested methods that have proven to provide profits over the long term. And this is an MA-X system. It’s a 60 SMA with 1 SMA (the price). Your probability of any system is a function of your historic results.

Either I’m missing something or you are. All the ‘global variables’ are already in the price. I have no idea what you mean by ‘exact trade at the same exact price’.

’Discrepancy in price reality’ – whoa! Prices move because there is a difference in opinion between traders on current ‘value’ and therefore, future prospects. The reality is created by these opinions. There’s nothing more real than the current Bid & Offer.

It’s not a paradox. It’s a dichotomy. Price/Value. Price is Real; Value is Imaginary. E.G. Selling Cable at 2.0375 is real. You’ve bought at that level. Your valuation of it being worth much less later is imaginary – you’ll find out just how imaginary it is if it isn’t worth less later.

I’m not sure you’re right there. In that most longer term systems effectively embrace, in essence, precisely that approach.


I guess you could make it harder if you wanted, but why would you try? This is just one strat from one person.
If you think price represents actual value, you have no idea what your doing and will never profit in the currency markets.


That simple.


DT
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Old Oct 5, 2007, 3:47pm   #154
 
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Quote:
Originally Posted by Captain Currency View Post
Hello Depth,

I use this "system" or guide as I prefere to call it, in addition to my own market knowledge. I'm fairly handy with MM - bet size, RvR etc etc. I've been trading the Fx market for a little while now and even longer on the ISEQ (Irish stock market)
So what I trying to say in a PC way is "I have a good idea of what I'm doing"

Dont take this the wrong way, you comments are welcomed & its hard to offend me.
Can you give me 10 reasons why "I" will never make money using the above strat with the extra bits I've added on in the end?

Your comment is your opinion, I dont personally share it.
For someone to make a broad comment like that without seeing what I do and how I do it - just does'nt cut the mustard with me.

Your reply will probably be " I was talking about the system, not you"
I have always said from day 1 - make the system your own ie stops, targets, pairs, mm etc and use it in addition to your own market knowledge.

For someone to take a "system" like this and try to automate it would be daft IMO
Why give away that big advantage or edge I have ie my mind/brain.

As always these are just my opinions, thanks to Depth for posting, now I'm really fired up for NFP!

Kind Regards,
"For someone to make a broad comment like that without seeing what I do and how I do it"

I can see exactly how and why your positioning your simple strategy.

Childs Play

Captain, I don't have any ill-feelings towards you. You just don't know what your doing and have over-estimated yourself, that's all. No hard feeling

You even now stating that you use other 'market knowledge'

All this does is then put us in trades that we don't even know the 'structure' of or why we're Really in the position.

And if we don't have all the Market Knowledge, your actually setting one up for some major losses, because they won't be able to trade out the Strat. because it does not exist in full.


DT
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Old Oct 5, 2007, 3:53pm   #155
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Originally Posted by Depth Trade View Post
If you think price represents actual value, you have no idea what your doing and will never profit in the currency markets.
Very true.

Just as well I detailed so clearly, though obviously not clearly enough for some, the significance of the difference between those two terms in that post of mine you quote. Presumably you didn’t find time to read my post before quoting it or you would have realised just how different I consider these two entities to be.

Another facet I consider vitally important in trading the markets, FX included, is the ability to review information presented and make a truly informed and educated decision on that specifically, rather than anything vague and unformed that may be swirling around in my head at the time and be based on a projection rather than a reality.
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Old Oct 5, 2007, 4:19pm   #156
 
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Originally Posted by TheBramble View Post

Either I’m missing something or you are. All the ‘global variables’ are already in the price. I have no idea what you mean by ‘exact trade at the same exact price’.

’Discrepancy in price reality’ – whoa! Prices move because there is a difference in opinion between traders on current ‘value’ and therefore, future prospects. The reality is created by these opinions. There’s nothing more real than the current Bid & Offer.

It’s not a paradox. It’s a dichotomy. Price/Value. Price is Real; Value is Imaginary.
Hello again Bramble

I guess your missing something. Global variables are not priced in, because they trade separatley. There are traders taking on huge positions in all markets and there not calculating the accociations with each other, hence the discreptancies.

as for "exact same price at exact same time", at the very least one needs this to judge there probability. The last thing you want is to be jumping on 'new cycles'.


"Value is Imaginary"
You couldn't be more wrong.

price is nothing, paper is nothing.

Commodities, hard assetts.

It all comes down to the value of these idems and there accociation with the currency at hand.


DT
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Old Oct 5, 2007, 4:31pm   #157
 
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Originally Posted by Depth Trade View Post

Captain, I don't have any ill-feelings towards you. You just don't know what your doing and have over-estimated yourself, that's all. No hard feeling
Hello again Depth

Ehhhhhh OK, next time I crash my car into someone elses I'm going to say "NO HARD FEELING" & drive off.

You seem like an intelligent person from your profile, answer me this,
1) how does one over-estimate themselves?
2) How do you know what I'm doing? ("I can see exactly how and why your positioning your simple strategy")
Can you see what trades I put on today? without insulting your intelligences I would reckon your answer is no to the latter. I've already said a million times before that I use this system in addition to my own market knowledge. Let me just clarify what I mean by market knowledge Market knowledge to ME means - current price, news releases, figures, other markets that can have an impact on the currency Im trading, what time in the day is it? (the grave yard shift) etc.

Depth, I've no problem answering posts and Im well able to defend my actions as a trader and a person, but rather than losing sight of the main topic and having pops at each other (no hard feelings!) & saying "This wont work etc" - I would say if YOU dont think it will work, then dont do it. Its a bit like a TV channel, if you dont like whats on switch over. I've heard all you points, some are not creditable and some are just your own opinion, which lets call a spade a spade - opinions are like asshole, everybody has one - no offence.

Kind Regards,
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Old Oct 5, 2007, 4:44pm   #158
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Richard Dennis turned a meager several hundred US Dollars into several hundred million through in essence buying when price goes up and shorting when it goes down.

Mark B. Fisher, another hugely successful trader, has a strategy in his book, The Logical Trader, that he calls the kindergarten trader, where you look at the slopes of three moving averages, going long when all three are up, vice versa for going short, and taking profits when the shortest MA turns flat.

http://www.amazon.com/Logical-Trader.../dp/0471215511

Beautiful, very simple and profitable.

Click the image to open in full size.
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Old Oct 5, 2007, 4:54pm   #159
 
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Captain Currency started this thread Hello Depth,

You have come to the table and informed us all that this will not work.
I would invite you to come up with a solution to help us all with our trading. If you can write it down and post it on the T2W forum that would be brill.

Im a firm believer in solving problems and getting the best out of something.
Its too easy to say "this wont work" without having a solution or an idea.

Im not trying to call your bluff here, Im simply asking you to contribute a solution or an idea.

Kind Regards,
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Old Oct 5, 2007, 7:42pm   #160
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Originally Posted by Depth Trade View Post
I guess your missing something. Global variables are not priced in, because they trade separatley. There are traders taking on huge positions in all markets and there not calculating the accociations with each other, hence the discreptancies.
Must be a day for non-comprehension. I'm throwing your stuff back at you and even you don't understand it.

Everything that you think you know about the current price of any instrument is already ‘in’ that instrument. Global or local variables are what help individual traders’ develop their perceptions of potential future ‘value’. You can’t calculate what your position or anybody else’s position is or how they’re going to interact with each other. Too many players and too much money.

You’re trying to make this whole thing out to be way more complex than it really is – and I suspect I know why. More on this at the end.

Quote:
Originally Posted by Depth Trade View Post
as for "exact same price at exact same time", at the very least one needs this to judge there probability. The last thing you want is to be jumping on 'new cycles'.
I still don’t understand you. This is a problem – for you. Also more on this at the end.


Quote:
Originally Posted by Depth Trade View Post
"Value is Imaginary"
You couldn't be more wrong.

price is nothing, paper is nothing.
Then it’s pretty imaginary then…

Quote:
Originally Posted by Depth Trade View Post
Commodities, hard assetts.

It all comes down to the value of these idems and there accociation with the currency at hand.
Only if we’re talking ComDollars or AgroDollars and then it’s just another angle on the fundamentals e.g. oil prices impacting CAD and its inverse correlation with USD in that context.

This is the ‘more on this at the end bit’…

DT you’re a vendor of FX news sheets or advice or something. It’s your job to make it all more mystical, esoteric and incomprehensible. But here’s the thing…

If you want to entice folk into finding out more (a) drop the attitude (b) be comprehensible enough to let people know roughly what you’re talking about without giving the game away and (c) learn to use spelling and grammar correctly. It’s painful to read it for free, but it would be an insult for you to expect anyone to pay for it.

No offence either.
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Old Oct 5, 2007, 8:00pm   #161
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no need to mention the grammer, he is clearly an intelligent man and made a simple typing mistake. I do it all the time.
Saying that i don't agree with him, I just think mentioning his grammer is sinking a bit low.



jason
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Old Oct 5, 2007, 8:06pm   #162
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and by the way i don't honestly think he has got an attitude, I think it was brave of him to comment and this should be what this forum is all about.



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Old Oct 5, 2007, 9:42pm   #163
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You’re right Jason, it’s exactly what this forum should be all about. This game is tough enough as it is for newcomers, without all the agenda’s & smoke & mirrors garbage which gets hurled around on here.

I don’t think the guy’s intelligence is in question, & judging by his CV, he ought to have more than an average grasp of what’s what out there?

But like Tony said, he’s attempting to complicate & mystify, like it’s some great in-depth nugget of wonderment only available & accessible to the favored few.

Him & SOCRATES would make great bed partners.

Jesus Christ, we got several nieces & nephews under the age of 16 back home in the States.

2 of them (14 & 15 & under basic, easily assimilated instruction) have been regularly dumping $$’s into their savings accounts since last Feb. They probably could have started a couple yrs earlier, but our Folks resisted.

They’ve both started on a plain, simple 60/15/5min combo strat. They kick it around (supervised) after they’ve packed away their school-work & done their chores. The strat has been traded for years thru their pers accounts, by one of our Parents & is regularly traded by their Mom.

They’ll return sufficient profits to pay their own way thru College, which is the aim of one of them. That’s one price action strat which took our Pop approx 3 mths to drill home from scratch.

The basis of his instruction (& the triggers) revolves around key levels, changing trend conditions & majoring on crowd psychology & the effects!

Real complicated, mind numbing, stratospheric stuff huh?

But of course, it’s far, far too simple & "childs play" to work effectively. No way it’ll return the pips long term.
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Old Oct 5, 2007, 10:51pm   #164
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Originally Posted by jayjay121 View Post
no need to mention the grammer, he is clearly an intelligent man and made a simple typing mistake. I do it all the time.
Saying that i don't agree with him, I just think mentioning his grammer is sinking a bit low.
It's grammar, not grammer...

Whatever you think is clear to you is your problem - I'm not about to make it mine, nor do I need advice from you on what is and what is not permissible to mention.

If he’s so intelligent, can you explain why he is unable to respond adequately or intelligently to my posing his own wording back to him in requesting clarification?

And one typing mistake now and again gets through for sure, but the clear lack of care and attention evident in his posts is an indication to me of the very real potential for lack of attention and care in other matters too. You can’t be a super-hot trader yet be a grunt in the wordsmith area.

That you may or may not ‘do it all the time’, this is also your problem and not an excuse for anyone else’s lack of care or a reason to care the less.

What you consider is sinking a bit low is a total irrelevance to me.

Now lessons given and rejected, perhaps you’d care to back off the ill-advised tutorial and deliver something in line with the topic or are you just here to comment on others comments and styles of writing?
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Old Oct 5, 2007, 10:54pm   #165
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Originally Posted by jayjay121 View Post
and by the way i don't honestly think he has got an attitude, I think it was brave of him to comment and this should be what this forum is all about.
Once again, many thanks for your considered opinion. Maybe you'd like to check with others who have contributed on topic to this thread and ask them if they can perhaps detctect just a tad of attitude in his posts, or not. Either way, it sticks.

Brave I can find in the front lines - for the intelligent, I need to head back to HQ.
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