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 Crap Buddist ducks not aligned yet ? hmm noting the time now and waiting for the cross ...

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Old Sep 24, 2007, 4:42pm   #41
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Originally Posted by Crap Buddist View Post
ducks not aligned yet ? hmm noting the time now and waiting for the cross to come in on the longer timeframe suggests it may kick off back end london close into late new yor and asia maybe ?

I think the longer 2 ma will cross at 3 pm uk, so then look for a 4 pm close above the red ma ?
The averages don't need to actually cross according to the guidelines of this simple little observation as far as I understand it. Where did you read that inclusion CB?

All that's required to begin preparing for a potential long trigger is for price to be to the North of all 3 sma's.

Once price has penetrated & held the Northerly ground on the 4 & 1hr timeframes, you begin homing in on the 5min frame to fine tune? your potential entry.

If you were looking to initiate a fresh entry late last week, then Friday lunchtime (London) offered a couple decent 5min bar leg in's with no real reason to book profits until the lazy pullback (lower lows & highs on the 5min) through 2.0270-250 today?

Price is now 0.5 cent shy of the averages on the 4 & 1 hr timeframes & channeling down on the 5min.

It's going to require a decent break & pullback above 2.0250 now to be honest, to not only negate the lower low/lower high roll (on the 5min), but also trigger another 'long' according to the 3 duck rule set.

Otherwise, if price threatens the 2 higher timeframe sma's at circa 2.0150, you'll be gearing up to flip to shorts on a likely pullback opp.

Like the guy suggests, utilizing this additional reference in harmony with local & regional support/resistance will probably assist in offering a heads up to near term directional flows.

Even more so if you also obey the peak & trough behaviour on your preferred template timeframe.

It's not a bad little piece of kit for (potential) front running entries via the 5min, then screwing back out & managing the position via the less windy hourlies!
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Old Sep 24, 2007, 5:06pm   #42
 
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getting close to a buy i think looks like go long at 6 pm.
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Old Sep 24, 2007, 5:16pm   #43
 
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Originally Posted by ampro View Post
The averages don't need to actually cross according to the guidelines of this simple little observation as far as I understand it. Where did you read that inclusion CB?

All that's required to begin preparing for a potential long trigger is for price to be to the North of all 3 sma's.

Once price has penetrated & held the Northerly ground on the 4 & 1hr timeframes, you begin homing in on the 5min frame to fine tune? your potential entry.

If you were looking to initiate a fresh entry late last week, then Friday lunchtime (London) offered a couple decent 5min bar leg in's with no real reason to book profits until the lazy pullback (lower lows & highs on the 5min) through 2.0270-250 today?

Price is now 0.5 cent shy of the averages on the 4 & 1 hr timeframes & channeling down on the 5min.

It's going to require a decent break & pullback above 2.0250 now to be honest, to not only negate the lower low/lower high roll (on the 5min), but also trigger another 'long' according to the 3 duck rule set.

Otherwise, if price threatens the 2 higher timeframe sma's at circa 2.0150, you'll be gearing up to flip to shorts on a likely pullback opp.

Like the guy suggests, utilizing this additional reference in harmony with local & regional support/resistance will probably assist in offering a heads up to near term directional flows.

Even more so if you also obey the peak & trough behaviour on your preferred template timeframe.

It's not a bad little piece of kit for (potential) front running entries via the 5min, then screwing back out & managing the position via the less windy hourlies!

cheers, probably my wrong take on the ma's position, I thought the long 2.0200 on the 21/09 looked ok, then i thought hang on the intermediate blue wasnt above the longer term green (thats just happend) . interesting to see what happens from here on.... looking ahead 24 hours or so assuming we long on this setup sell into taking out stops above recent daily high. (wait for a shorter term failure?) eyeballing the chart 2.0360/70 Ist target?

lets see what happens, i'd be gutted ,now ive half got my head around it to see 2.0160/70 taken out ..... (blue line ma)
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Old Sep 24, 2007, 5:25pm   #44
 
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getting close to a buy i think looks like go long at 6 pm.

Hello again Crap Buddist,

Some times I think I should have kept my mouth shut. As I say, use the "system" as a guide with your own market knowledge. Its 5:25pm here now, would I buy it at this time if I got a signal? No - London is closed, you get my drift? Its been a quiet day today apart from the quick move up this am.

Kind Regards,

PS: Nice post ampro.
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Old Sep 24, 2007, 5:29pm   #45
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interesting to see what happens from here on....

eyeballing the chart 2.0360/70 Ist target?
That's the intended target I guess, yeah.

Cetainly needs to maintain this higher low stint above 2.0120 to keep the longs interested, otherwise it's suspect.

Relinquishing 2.0070 would suggest the near term (mid month) top is in for a wee while I shouldn't wonder.
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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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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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