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; Hello Traders, Nice trade on The 3 Duck's Trading System today. A good place to buy was on the small ...

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Old Sep 25, 2007, 2:55pm   #46
 
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Captain Currency started this thread Hello Traders,

Nice trade on The 3 Duck's Trading System today. A good place to buy was on the small pullback after it broke the high, stop-loss at the last low and the target at the highs. Straight forward enough!

Kind Regards,
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Old Sep 27, 2007, 11:41am   #47
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You'll be filling your tank up this week CC huh?

Nice pop on the Cable earlier around the UK Hse Prices release.

Couple decent add in longs on the EUR/YEN & GBP/YEN this week too by the looks.

Guinness tab is on you for next month then
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Old Sep 27, 2007, 12:18pm   #48
 
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Originally Posted by ampro View Post
You'll be filling your tank up this week CC huh?

Nice pop on the Cable earlier around the UK Hse Prices release.

Couple decent add in longs on the EUR/YEN & GBP/YEN this week too by the looks.

Guinness tab is on you for next month then

Hello Ampro,

Yes I know a few traders who made $ from the cable trade this am. What about the Aud/Usd HUGGING the ma on the 5min chart!!!
The Guinness is always on me!

Kind Regards,
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Old Sep 27, 2007, 12:28pm   #49
 
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nice simple system. using MAs of all things.
course, it'll never work. its too easy.

biggest aspect is maintaining patience and waiting for trade to come to you, and not force it.
good stuff Cap'n.
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Old Sep 27, 2007, 12:30pm   #50
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Hello Ampro,

What about the Aud/Usd HUGGING the ma on the 5min chart!!!
Yes, I'd imagine you've had some fun with that one since 28 Aug.
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Old Sep 27, 2007, 12:41pm   #51
 
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Am guessing today from 11am on GBP/USD was a good one?
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Old Sep 27, 2007, 1:20pm   #52
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If you missed the 1st shunt into early London traffic, then sure, around 2.0225 (the 2nd minor shuffle thru the London b/o) was a playable option. Or depending on your risk profile, an hour earlier, 15 odd pips farther back, was maybe a tempter?

All down to your strategy model I guess.
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Old Sep 27, 2007, 2:14pm   #53
 
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Captain Currency started this thread [QUOTE=

biggest aspect is maintaining patience and waiting for trade to come to you, and not force it.
good stuff Cap'n.[/QUOTE]


Hello Trendie,

You said it! As they say " you get the chicken by hatching the egg - not smashing it" or DUCKS

Ampro, yes, if in doubt trade the "one way aussie"

Kind Regards,
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Old Sep 27, 2007, 4:37pm   #54
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Hi Captain Currency,

I have been following this thread and very interested to try out this strategy myself.
I have just set up my charts, being a newbie to Forex trading, could you please confirm that my chart setup is correct?

Using 4-hour, 1-hour and 5 mins chart.
Period: 60
Moving Average: 60

I'm using free charts at http://www.dailyfx.com/charts/ChartStation.html
I wonder if you have any recommendations for a better free charting software.

Thanks!
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Old Sep 27, 2007, 4:55pm   #55
 
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Originally Posted by MoonlitBay View Post
Hi Captain Currency,

I have been following this thread and very interested to try out this strategy myself.
I have just set up my charts, being a newbie to Forex trading, could you please confirm that my chart setup is correct?

Using 4-hour, 1-hour and 5 mins chart.
Period: 60
Moving Average: 60

I'm using free charts at http://www.dailyfx.com/charts/ChartStation.html
I wonder if you have any recommendations for a better free charting software.

Thanks!
Hello Moonlitbay,

Yes you seem to have the correct settings. Can I recommend free charts? EEEEhh NO


Kind Regards,
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Old Sep 27, 2007, 5:20pm   #56
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Originally Posted by MoonlitBay View Post

I wonder if you have any recommendations for a better free charting software.
Your current freebies should do what's required for this set-up.

NetDania offer free charts, which are similar to your present visuals

http://www.netdania.com/home.asp

Metatrader also run a free gig if you're looking for a few more bits & bobs on your charts?

http://www.metaquotes.net/

Wouldn't have thought you'd need to venture too far from either of those.
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Old Sep 28, 2007, 11:43am   #57
 
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Captain Currency started this thread Hello Traders,

THE EARLY BIRD CATCHES THE WORM!

A nice easy trade set-up on the Ducks earlier this am on Gbp/Usd, I bought at 2.0235 when prices crossed the last high and the sma on the 5 min chart - All 3 Ducks Lined UP! my stop-loss was placed 30 pips away from the entry, it would have been too expensive to place the stop-loss under the last low (about 40 pips) so I used a fixed stop-loss instead. I took profit just before the past daily high. A 30 risk for a 60 pip reward and a fairly painless trade, a great way to spend your Friday morning!

Have a great weekend guys,
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Old Sep 28, 2007, 4:26pm   #58
 
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GBP/USD: 50pts from 15:40 approx. (Using 4H, 1H, 15M, 3M simply because I use those graphs for other stuff and don't want to add 5M to my "bookmarks list".)

PS The lazy ******* bird that woke up at 11am today also gets the worm.

PPS I bet you're thinking... 'Ow'd he (Audi) manage that? What I did was wait for the price to go back to the 60MA then spring back. So... not so much the 3 Duck's Trading System as...







wait for it...






The 4 Spring-Duck Technique.

Sorry.
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Old Oct 1, 2007, 9:54am   #59
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Hi!

I see that the 3-duck system works very well on GBP/USD and EURO/USD.
what other pairs are good for this system?
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Old Oct 1, 2007, 10:11am   #60
 
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On Eur/Yen, getting some points using the Four Spring Duck Technique as we speak. Click the image to open in full size.

I will nickname this strategy the Audi system from now on, to complete my stupidity. I thank you.
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