3 Ducks Demo journal

This is a discussion on 3 Ducks Demo journal within the Trading Journals forums, part of the Reception category; Hi, I just received the free ebook from Captain Currency and decided to start a new journal using this system. ...

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Old Dec 14, 2011, 1:54pm   #1
Joined May 2011
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Hi,

I just received the free ebook from Captain Currency and decided to start a new journal using this system. I have been trading for a few years with no success whatsoever and have lost horribly in the market. I put these loses down to ill discipline and lack of a solid strategy. Part of the reason for doing this journal is to keep me disciplined. I will use a demo account to test this strategy with a view to trading it on a live account once I feel confident and comfortable. I will only post here when I have time but will put up screenshots of the charts and account balance, etc.
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Old Dec 14, 2011, 2:12pm   #2
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Re: 3 Ducks Demo journal

mentormeplease started this thread This is a setup that I traded earlier (GBPUSD) today which resulted in a loss of $170.

Entered the position on the left arrow and was stopped out on the right arrow. With all trades I am looking for a 2:1 RR.
Attached Thumbnails
gu.gif  

Last edited by mentormeplease; Dec 14, 2011 at 2:15pm. Reason: Perhaps I should rather wait for the price to be away from the SMA instead of so close as it was in this setup.
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Old Dec 14, 2011, 2:18pm   #3
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Re: 3 Ducks Demo journal

mentormeplease started this thread There were three other setups (USDCAD, USDCHF and EURGBB) that I placed my orders for. These were the setups and at present they are in profit. Lets see how it pans out.
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uca.gif   uc.gif   eg.gif  

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Old Dec 14, 2011, 2:21pm   #4
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Re: 3 Ducks Demo journal

mentormeplease started this thread I posted the incorrect chart for the losing trade. Heres the correct chart.
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gu.gif  
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Old Dec 14, 2011, 2:27pm   #5
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Re: 3 Ducks Demo journal

mentormeplease started this thread There seems to be another setup on gu with short entry at 1.5467. I'll pass on this as price seems a bit choppy with the low from 25th offering some support.
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Old Dec 14, 2011, 5:48pm   #6
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Re: 3 Ducks Demo journal

mentormeplease started this thread Its seems like gu was the way to go. Can't view my other trades from here will check them tomorrow and post the results. I'm following the "set and forget" method described by Andy (Captain Currency). My s/l and tp are all set. Will post the screenshots of the positions tomorrow.
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Old Dec 15, 2011, 12:20am   #7
 
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Re: 3 Ducks Demo journal

Good luck with this journal mate
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Old Dec 15, 2011, 8:27am   #8
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Re: 3 Ducks Demo journal

mentormeplease started this thread
Quote:
Originally Posted by Doomberg View Post
Good luck with this journal mate
Thank you.
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Old Dec 15, 2011, 8:49am   #9
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Re: 3 Ducks Demo journal

mentormeplease started this thread Ok yesterday was an excellent day. We had 2 winners and one loser with one trade still open through a miscalculation on my part. I had placed my tp buy order on the EURGBP at slightly more than 2:1 R:R which means my order was not filled and it would have been had I calculated correctly. Lesson to be learnt, double check calculations before placing orders. So lets move on.

Yesterdays summary:
Losing trade = 17 pips (-$170)
Winning trades = 123 pips (+$1238)
Yesterdays total = +106 pips (+$1066)

You will notice from the attached statement that the trades all had a 2:1 R:R.

I started with $5000 in the demo account and made some arb trades before starting with the 3 ducks in a row strategy. The balance was then on $4998.

Balance after yesterdays trades (Excluding open trade) = $ 6066
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Old Dec 15, 2011, 8:54am   #10
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Re: 3 Ducks Demo journal

mentormeplease started this thread The pairs that I'm looking at show no definite setups at the moment. Will continue monitoring them during the day for any signals.
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