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; nice simple system. using MAs of all things. course, it'll never work. its too easy. biggest aspect is maintaining patience ...

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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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Quote:
Originally Posted by Captain Currency View Post
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
Joined Jun 2007
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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Captain Currency started this thread
Quote:
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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Quote:
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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