Recent content by Stolentortoise

It certainly is one of the best. Consistency is the name of this game, and the 3 ducks will give you that.

Finished last week with a 1.8% gain for the week. Overall still up on the initial investement but not a great month for me, which is purely down to me. Looking forward to trading well in July.

I am going to hold my hands up and say I was a bad hunter last week. I got tempted by new hunting grounds. Now that I have got over that and given the market back 10% I have returned to the fold. 1% gain for me yesterday, from a 0.5% stake just to clear what I was doing in my own head. The...

My quick grab at Cable earlier was fraught with danger and thus I will end this week -1.5%. I will excuse myself that trade, first week back at work for 6 weeks so not really had a good look at the charts this week. Over the weekend I will sort out my potential trades and target areas for...

No trades for me so far this week, keeping an eye on what is going on this morning, just waiting to see what the NY open brings. I am waiting for Cable to retrace to around the 15380/15390, then look at setting a sell order around the 15370 area, depending on where the 60sma is at the time.

Yes there are, I started off the second week poorly and was 4% down at one point in time.

I will try to show how I used the 3 ducks for my trade on Friday. I wanted a quick trade that would hopefully have been done before the NFP came out. The EUR/JPY was in a clear downtrend so I was looking for places to sell. It had dropped to 9674 on the 8.15am 5 minute candle and then...

Thanks both of you. Having read this entire thread a couple of times I know you talk sense.

I have been working per week as I took the 1-1 course with Andy 3 weeks ago. So far +10%, +4% and +7%. No doubt I could have done better but I have been trading live since mid April and I have been stuck at home for several weeks and really had too long to look at the charts in the day.

Thanks for that. I managed to grab some of the cable action earlier in the week and went for a quick 20/40 on EUR/JPY at 9670 this morning and that is me done for the week. I have avoided any USD pairings today due to NFP.

Nigel, when would you get out of this trade, just move the stop down and let it stop out in profit at some time or just do it manually? Would you just leave this running or close it before a weekend or just let it see where is gets to?

I don't know the AUD/USD so all I looked at at the time was the 1 hour duck. It was above the SMA so no going to the 3rd duck. I am waiting for it to drop below the 9860 level as the 60sma is around that point at the moment, it may have risen a "if" it gets down there. If not then I am off to...

Where is it on the 5 min chart? On mine it is above and the 1hr chart it looke like it is heading towards the 60sma. The 3 ducks aren't lined up but worth keeping an eye on to see if they do.

Great write up, having been looking at the charts and thinking I had missed the 3 ducks this morning, now looking with fresh eyes.

It looks to me that you followed the system. You won't win everytime, it does not mean you did anything wrong. I would personally not have taken the trade, too close to the 9300 mark and that was likely to show resistance (and some added from back in February where it failed around there too)...