The 3 Duck's Trading System

Captain Currency · Sep 18, 2007, 2:39pm

Hello Traders,

Just thought I would share The 3 Duck's Trading System with you.

JTrader · Sep 18, 2007, 9:17pm

Quote:

Originally Posted by Captain Currency

Hello Traders,

Just thought I would share The 3 Duck's Trading System with you.

Hi CC

a cut & paste might be the order of the day

. So as to keep your strat in plain sight for everyone.

Thanks for showing us.

rols · Sep 18, 2007, 9:35pm

Thanks 4 sharing....

ceydababy · Sep 18, 2007, 9:47pm

Thanks for sharing this. Very interesting. Looked at it on FTSE at first glance appears to work pretty well. It's all about not trading against the larger trend...Something I am still working on !

fibonelli · Sep 18, 2007, 10:30pm

Thank you for sharing.

shadowninja · Sep 19, 2007, 9:51am

Thanks. Will check it out later.

Love the name. I want to invent a system just to make up the name. Well, I do have the ShadowNinja Suicide System*. First thing in the morning, when you get up, go long on FTSE. Set a stop at 500.

* - this is just a joke. You will lose money unless you have the luck of the gods on your side. Your home is at risk if turkeys nibble canoes. Don't cross the road without looking. Always wash behind your ears.

Captain Currency · Sep 20, 2007, 3:41pm

Earlier today prices for the Usd/Cad where below the 60 period sma on the 4hr & 1 hr time-frames (steps 1&2 of the Duck's system). So we where looking to short this pair at some point when prices crossed below the 60 period sma on the 5min chart (step 3). We got the green light when prices dropped down to 1.0105, all our ducks where lined up in the same direction. Our target was suggested at parity - 1.0000 from our resident Economist, Eric. Well done Eric, your job is safe for another week!

Here is how the trade looked:

Important:By the way, we are not saying that The 3 Duck's Trading System is the "Holy Grail" of trading, of course it has it's losing trades & losing runs. We like to use it with our own market knowledge and view it as a common sense approach to price observation.

Enjoy,

Captain Currency.

shadowninja · Sep 20, 2007, 6:03pm

Seems to have worked for GBP/USD from about 2pm today.

Sep 18, 2007, 2:39pm	#1
Captain Currency 827 Posts Joined Sep 2007	The 3 Duck's Trading System Hello Traders, Just thought I would share The 3 Duck's Trading System with you. Last edited by timsk; May 11, 2017 at 8:28am.

Sep 18, 2007, 9:35pm	#3
rols 1,621 Posts Joined Sep 2004	Thanks 4 sharing.... __________________ The future ain’t what it used to be. Yogi Berra.

Sep 18, 2007, 9:47pm	#4
ceydababy 1,122 Posts Joined Apr 2007	3 Ducks..... Thanks for sharing this. Very interesting. Looked at it on FTSE at first glance appears to work pretty well. It's all about not trading against the larger trend...Something I am still working on !

Sep 18, 2007, 10:30pm	#5
fibonelli 1,338 Posts Joined Oct 2006	Thank you for sharing. __________________ Audere est Facere "The trend is your friend and divergences are your best friend until the bend at the end" Party on like it's 1930, until Mr C (Wave) gatecrashes the party.

Sep 19, 2007, 9:51am	#6
shadowninja 5,522 Posts Joined Jul 2007	Thanks. Will check it out later. Love the name. I want to invent a system just to make up the name. Well, I do have the ShadowNinja Suicide System. First thing in the morning, when you get up, go long on FTSE. Set a stop at 500. - this is just a joke. You will lose money unless you have the luck of the gods on your side. Your home is at risk if turkeys nibble canoes. Don't cross the road without looking. Always wash behind your ears. __________________ The markets can stay solvent longer than you can stay irrational.

Sep 20, 2007, 3:41pm	#7
Captain Currency 827 Posts Joined Sep 2007	The Ducks in Action! Earlier today prices for the Usd/Cad where below the 60 period sma on the 4hr & 1 hr time-frames (steps 1&2 of the Duck's system). So we where looking to short this pair at some point when prices crossed below the 60 period sma on the 5min chart (step 3). We got the green light when prices dropped down to 1.0105, all our ducks where lined up in the same direction. Our target was suggested at parity - 1.0000 from our resident Economist, Eric. Well done Eric, your job is safe for another week! Here is how the trade looked: Important:By the way, we are not saying that The 3 Duck's Trading System is the "Holy Grail" of trading, of course it has it's losing trades & losing runs. We like to use it with our own market knowledge and view it as a common sense approach to price observation. Enjoy, Captain Currency.

Sep 20, 2007, 6:03pm	#8
shadowninja 5,522 Posts Joined Jul 2007	Seems to have worked for GBP/USD from about 2pm today. __________________ The markets can stay solvent longer than you can stay irrational.

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