Recent content by bansir

Thanks Barjon, Adjust position size so that you're risking just say, 1% of capital on each trade? ie. Share(a) price * no. of shares(a) = R = Share(b) price* no. of shares(b). (Chapter 6 page 132.) Or is there another path which leads to a more meaningful "R"? Anyway, thanks again. Thanks too...

Hi, It's been a while since I read Tharpy but I believe he makes the point that by working with "R multiples" you can directly compare the performance of various systems. Sounds great. I'm never sure though quite how to apply it as there is usually something in any system I try which doesn't...

Ok-Thanks for your response DT, much appreciated. Neil

Hi DT, Watched the vid a couple of times. Let me see if I get this at all: 1. You see the nice volume ledge build up @1841.75, possible support area. 2. The thinner volume upwards @ 1843.75of suggests the price may not push much higher before re-testing 1841.75 again. The 1843.75 is a...

Thanks for the video links DT ; For me they have opened up a whole new perspective on the dynamics of why prices move the way they do. Best Regards, Bansir

very useful, thanks

Hi CC, I just missed out on Wednesday's Aud/Usd breakout after exiting too early. The power of the ducks as potentialy rewarding indicators was noted. I came out of the experience feeling optomistic about what is possible and keen to improve. Probably like many others, I keep getting close to...

Hi Andy, I missed out this time round; the breakout on 1H chart has been really good. Trailing stop behind the 60sma would have captured lots of pips. Haven't put a trade on for a few days mainly due to being busy at work. I'll have a look see over the weekend and make some sort of plan then...

Hi Andy, Thanks for the helpful hints. Just wondered if you had any thoughts on USD/CAD at the moment? Is it on your radar at all? I figure maybe look for going long on a retrace around 1.0440 on 4 hour chart or in the shorter term look for re-test of 1.4675 then break of 1.4800 on 5min chart...

For any new people trying 3-ducks, you gotta watch out for the news comming out. I got zapped a couple of times in July but managed to stay out of trouble today. GBP / USD today Cheers, Neil

Hi Sgt Pepper, Yes, I agree. S/R lines are very useful, straight forward tools to use. Watch out for the round number price levels too. Best Regards, Neil

Re: The 3 Ducks Trading System Hi since77, It's early days yet. Thought I would stick with 20pip stop loss and 40 pip take profit levels whilst I get used to applying the ducks correctly. Having said that i did let one of my trades run over the 40pip TP last month. For me, I'm more concerned...

Re: The 3 Ducks Trading System Thanks for the guidance CC. Much appreciated. Bansir

Thanks, Neil. Think I'm gradually getting back in the groove with 3D. Best Regards, Bansir

Hi Folks, Looks like I'm finishing up with a small net loss for June (Demo). Pulled some back today with a positive result on usd/cad. Although I have missed my 4% target, I'm quite pleased to have contained my losses. I didn't do myself any favours by overtrading in the first couple of weeks...