The 3 Duck's Trading System

ampro

Active member
Mar 12, 2005
355
65
38
#47
You'll be filling your tank up this week CC huh?

Nice pop on the Cable earlier around the UK Hse Prices release.

Couple decent add in longs on the EUR/YEN & GBP/YEN this week too by the looks.

Guinness tab is on you for next month then :)
 

Captain Currency

Well-known member
Sep 6, 2007
827
121
53
43
captaincurrency.blogspot.com
#48
You'll be filling your tank up this week CC huh?

Nice pop on the Cable earlier around the UK Hse Prices release.

Couple decent add in longs on the EUR/YEN & GBP/YEN this week too by the looks.

Guinness tab is on you for next month then :)

Hello Ampro,

Yes I know a few traders who made $ from the cable trade this am. What about the Aud/Usd HUGGING the ma on the 5min chart!!!
The Guinness is always on me!

Kind Regards,
 

ampro

Active member
Mar 12, 2005
355
65
38
#52
If you missed the 1st shunt into early London traffic, then sure, around 2.0225 (the 2nd minor shuffle thru the London b/o) was a playable option. Or depending on your risk profile, an hour earlier, 15 odd pips farther back, was maybe a tempter?

All down to your strategy model I guess.
 
Jun 29, 2007
17
0
11
#54
Hi Captain Currency,

I have been following this thread and very interested to try out this strategy myself.
I have just set up my charts, being a newbie to Forex trading, could you please confirm that my chart setup is correct?

Using 4-hour, 1-hour and 5 mins chart.
Period: 60
Moving Average: 60

I'm using free charts at http://www.dailyfx.com/charts/ChartStation.html
I wonder if you have any recommendations for a better free charting software.

Thanks!
 

Attachments

Captain Currency

Well-known member
Sep 6, 2007
827
121
53
43
captaincurrency.blogspot.com
#55
Hi Captain Currency,

I have been following this thread and very interested to try out this strategy myself.
I have just set up my charts, being a newbie to Forex trading, could you please confirm that my chart setup is correct?

Using 4-hour, 1-hour and 5 mins chart.
Period: 60
Moving Average: 60

I'm using free charts at http://www.dailyfx.com/charts/ChartStation.html
I wonder if you have any recommendations for a better free charting software.

Thanks!
Hello Moonlitbay,

Yes you seem to have the correct settings. Can I recommend free charts? EEEEhh NO


Kind Regards,
 

ampro

Active member
Mar 12, 2005
355
65
38
#56
I wonder if you have any recommendations for a better free charting software.
Your current freebies should do what's required for this set-up.

NetDania offer free charts, which are similar to your present visuals

http://www.netdania.com/home.asp

Metatrader also run a free gig if you're looking for a few more bits & bobs on your charts?

http://www.metaquotes.net/

Wouldn't have thought you'd need to venture too far from either of those.
 

Captain Currency

Well-known member
Sep 6, 2007
827
121
53
43
captaincurrency.blogspot.com
#57
Hello Traders,

THE EARLY BIRD CATCHES THE WORM!

A nice easy trade set-up on the Ducks earlier this am on Gbp/Usd, I bought at 2.0235 when prices crossed the last high and the sma on the 5 min chart - All 3 Ducks Lined UP! my stop-loss was placed 30 pips away from the entry, it would have been too expensive to place the stop-loss under the last low (about 40 pips) so I used a fixed stop-loss instead. I took profit just before the past daily high. A 30 risk for a 60 pip reward and a fairly painless trade, a great way to spend your Friday morning!

Have a great weekend guys,
 

Attachments

shadowninja

Well-known member
Jul 22, 2007
5,524
641
173
www.helpforheroes.org.uk
#58
GBP/USD: 50pts from 15:40 approx. (Using 4H, 1H, 15M, 3M simply because I use those graphs for other stuff and don't want to add 5M to my "bookmarks list".)

PS The lazy ******* bird that woke up at 11am today also gets the worm. :cheesy:

PPS I bet you're thinking... 'Ow'd he (Audi) manage that? What I did was wait for the price to go back to the 60MA then spring back. So... not so much the 3 Duck's Trading System as...







wait for it...






The 4 Spring-Duck Technique.

Sorry.