The 3 Duck's Trading System

Captain Currency

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#32
CC,

If it does then at what point would it be a valid entry ? The reason I ask is that I see sometimes you can get whipsaw around the MA


Paul
Probably above 2.0271, or for the more agressive maybe 2.0257. Prices will be above the ma's on all 3 timeframes at that point, FTSE is slightly up and DOW looks like it will open positive also, so should all help a move up, but with every trade it will still be 50/50, its what you do after you enter that counts:LOL:

Kind Regards,
 

Crap Buddist

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#35
getting a long here frpm 2.0240 should make an attempt higher... just following this thread not got any ducks up on my screen, but up and away....

Also if all 3 ducks are lined up shouldnt it be buy first close above the 5 minute 60 MA? thats already happend hasnt it so we should be long riding the small whips ?
 

Crap Buddist

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#36
hmm ok, ive just put a 5 60 and 240 sma on a 1 hour chart to keep all on one, not quite there on the 4 hourly close above , hang on, should we be long 2.0200 already? 21/09/07 at circa 4 pm ? based on the 1 hourly close above the 4 hourly ?

subsequent price action has not been below the low of that bar , indicating a solid bar for a long entry ?
 

Captain Currency

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#37
getting a long here frpm 2.0240 should make an attempt higher... just following this thread not got any ducks up on my screen, but up and away....

Also if all 3 ducks are lined up shouldnt it be buy first close above the 5 minute 60 MA? thats already happend hasnt it so we should be long riding the small whips ?
Hello Crap Buddist,

I would really like to see it get above the last "decent" high, I use the "system" more as a guide to observing price movement with my own market knowledge, therefore if it just bobbing up and down, Im might air on the side of caution.

Kind Regards,
 

Crap Buddist

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#38
ducks not aligned yet ? hmm noting the time now and waiting for the cross to come in on the longer timeframe suggests it may kick off back end london close into late new yor and asia maybe ? sneaky whatsits....

good watchin it form. I think the longer 2 ma will cross at 3 pm uk, so then look for a 4 pm close above the red ma ?
 

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Crap Buddist

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#39
Hello Crap Buddist,

I would really like to see it get above the last "decent" high, I use the "system" more as a guide to observing price movement with my own market knowledge, therefore if it just bobbing up and down, Im might air on the side of caution.

Kind Regards,
Cheers captain, know what you mean about systems and then look at the trading action and thinking, hmm they gonna run stops here first and position everyone short before they ramp it higher and do the stops to the upside..... I often end up thinking, well looks like thats playin out why am I having a system when I think price action outside it ?

you know what i dont even know if my MA's on the 1 hourly chart are right ? 60*5 mins inoto hourlies = 5 period 1 hour sma. think its right.....
 

Captain Currency

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#40
hmm ok, ive just put a 5 60 and 240 sma on a 1 hour chart to keep all on one, not quite there on the 4 hourly close above , hang on, should we be long 2.0200 already? 21/09/07 at circa 4 pm ? based on the 1 hourly close above the 4 hourly ?

subsequent price action has not been below the low of that bar , indicating a solid bar for a long entry ?

Hello Crap Buddist,

Yes, I think I follow your post. No problem putting those value sma's on a 1 hr chart.
Prices did indeed get above the 4hr sma on the 21st, price closed at 2.0176 above the 4hr sma - so we had 1 duck lined up, so prices would have also been above the 1hr sma also (2 ducks) then it was just a case of buying when prices got above the 5min sma and last high on the same chart - all 3 ducks lined up in the same direction.
Now depending on your style of trading your exits will differ. As I said in a few posts, I use the system more as a guide to price observation with my own market knowledge. I've had a few posts where people say "you MUST buy when this happens". You dont have to do anything- its just a simple guide to price.

Hope that helps:rolleyes:

Kind Regards,
 

ampro

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Mar 12, 2005
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#41
ducks not aligned yet ? hmm noting the time now and waiting for the cross to come in on the longer timeframe suggests it may kick off back end london close into late new yor and asia maybe ?

I think the longer 2 ma will cross at 3 pm uk, so then look for a 4 pm close above the red ma ?
:?: The averages don't need to actually cross according to the guidelines of this simple little observation as far as I understand it. Where did you read that inclusion CB?

All that's required to begin preparing for a potential long trigger is for price to be to the North of all 3 sma's.

Once price has penetrated & held the Northerly ground on the 4 & 1hr timeframes, you begin homing in on the 5min frame to fine tune? your potential entry.

If you were looking to initiate a fresh entry late last week, then Friday lunchtime (London) offered a couple decent 5min bar leg in's with no real reason to book profits until the lazy pullback (lower lows & highs on the 5min) through 2.0270-250 today?

Price is now 0.5 cent shy of the averages on the 4 & 1 hr timeframes & channeling down on the 5min.

It's going to require a decent break & pullback above 2.0250 now to be honest, to not only negate the lower low/lower high roll (on the 5min), but also trigger another 'long' according to the 3 duck rule set.

Otherwise, if price threatens the 2 higher timeframe sma's at circa 2.0150, you'll be gearing up to flip to shorts on a likely pullback opp.

Like the guy suggests, utilizing this additional reference in harmony with local & regional support/resistance will probably assist in offering a heads up to near term directional flows.

Even more so if you also obey the peak & trough behaviour on your preferred template timeframe.

It's not a bad little piece of kit for (potential) front running entries via the 5min, then screwing back out & managing the position via the less windy hourlies!
 

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Crap Buddist

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#43
:?: The averages don't need to actually cross according to the guidelines of this simple little observation as far as I understand it. Where did you read that inclusion CB?

All that's required to begin preparing for a potential long trigger is for price to be to the North of all 3 sma's.

Once price has penetrated & held the Northerly ground on the 4 & 1hr timeframes, you begin homing in on the 5min frame to fine tune? your potential entry.

If you were looking to initiate a fresh entry late last week, then Friday lunchtime (London) offered a couple decent 5min bar leg in's with no real reason to book profits until the lazy pullback (lower lows & highs on the 5min) through 2.0270-250 today?

Price is now 0.5 cent shy of the averages on the 4 & 1 hr timeframes & channeling down on the 5min.

It's going to require a decent break & pullback above 2.0250 now to be honest, to not only negate the lower low/lower high roll (on the 5min), but also trigger another 'long' according to the 3 duck rule set.

Otherwise, if price threatens the 2 higher timeframe sma's at circa 2.0150, you'll be gearing up to flip to shorts on a likely pullback opp.

Like the guy suggests, utilizing this additional reference in harmony with local & regional support/resistance will probably assist in offering a heads up to near term directional flows.

Even more so if you also obey the peak & trough behaviour on your preferred template timeframe.

It's not a bad little piece of kit for (potential) front running entries via the 5min, then screwing back out & managing the position via the less windy hourlies!

cheers, probably my wrong take on the ma's position, I thought the long 2.0200 on the 21/09 looked ok, then i thought hang on the intermediate blue wasnt above the longer term green (thats just happend) . interesting to see what happens from here on.... looking ahead 24 hours or so assuming we long on this setup sell into taking out stops above recent daily high. (wait for a shorter term failure?) eyeballing the chart 2.0360/70 Ist target?

lets see what happens, i'd be gutted ,now ive half got my head around it to see 2.0160/70 taken out ..... (blue line ma)
 

Captain Currency

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#44
getting close to a buy i think looks like go long at 6 pm.

Hello again Crap Buddist,

Some times I think I should have kept my mouth shut. As I say, use the "system" as a guide with your own market knowledge. Its 5:25pm here now, would I buy it at this time if I got a signal? No - London is closed, you get my drift? Its been a quiet day today apart from the quick move up this am.

Kind Regards,

PS: Nice post ampro.
 

ampro

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#45
interesting to see what happens from here on....

eyeballing the chart 2.0360/70 Ist target?
That's the intended target I guess, yeah.

Cetainly needs to maintain this higher low stint above 2.0120 to keep the longs interested, otherwise it's suspect.

Relinquishing 2.0070 would suggest the near term (mid month) top is in for a wee while I shouldn't wonder.