Best Thread The 3 Duck's Trading System

[zupcon]

anyways off topic now
What do you think Zupcon about EUR/USD? Is it line up for short/long now, for today tommorow?

I have absolutely no idea, if you want a prediction I suggest a gypsy woman with a crystal ball or an astroleger.

 

[blancspa]

I have absolutely no idea, if you want a prediction I suggest a gypsy woman with a crystal ball or an astroleger.

But your trading profile says trading full time home/office more than 5 year, main instrument Currencies, is that right?

you trading 3 DUCKS set up, right?

so you waiting to go long ? it is a very tricky and interesting situation nah? Will you wait for a pullback to go long or will you short it off the resistance?
come on it does not cost anything to be right/wrong

 

[zupcon]

Yep, my profile is accurate, although I rarely trade from home these days

I dont trade 3 ducks, nor have I any interest in doing so.

Prediction is for retards

 

[davechilde]

Then why are you posting on a 3 Ducks Thread ?

My view is that I would currently stay away from EUR/USD based on 3 Ducks. The 4H chart denoting the longer term trend has broken below the 60SMA and could go either way, whilst the 1H is sitting well above 60SMA.

 

[blancspa]

indeed, I am checking you potential set ups on EUR/GBP now

Cable is beginning to look to the upside again, but I am not familiar with this pair that much

 

[aspex]

Possible minor 3D short on UJ if it goes down to 90.25.
It is too choppy for me and I am not interested in small bites.

 

[davechilde]

Possible minor 3D short on UJ if it goes down to 90.25.
It is too choppy for me and I am not interested in small bites.

Yes I've seen that and on one hand agree, as there has been some pretty big swings in the 1H chart over the last few days and plenty of support just below for it to bounce off. On the flipside however it does appear in the 1H to be consolidating and a break either way from the 90.25 / 90.50 range could be a decent move, IMHO.

 

[aspex]

90.20
Whoops what now?

 

[davechilde]

90.20
Whoops what now?

I'm in (in a very small way) for a short at 90.26. Lets see how it pans out.

 

[davechilde]

right on my next support at 90.17, if it drops through, i reckon next stop should be circa 89.90

 

[blancspa]

that looks good so far, I havent been trading forex for some time, need to get back in the zone
tx Aspex

 

[aspex]

Big money may not like sub 90

 

[blancspa]

maybe just stops gone off?

 

[davechilde]

Big money may not like sub 90

Yeah, I'm not over confident on this one and as small as it is I make take 15-20 pips and get out before it turns.

In fact did so while typing this, closed at 90.06 for a quick 20 pips.

 

[aspex]

Not into pennants but the M1 could break from 90.10 in any direction
(If you believe the TA gurus)
Maybe it just did it while I was typing!

 

[blancspa]

 

[davechilde]

I'm gonna leave USD/JPY alone now unless there's a clear break below 89.90.

However looks like a possible short on USD/CHF now it's broken 1.1072. I've just taken a small short at 1.0173 on the current pullback.

 

[blancspa]

EUR/USD broken out and stopped at that R again (BoE, ECB today) probably better to stay away from majors for now

 

[aspex]

As suspected the UJ signal was soft and protected at 90.

 

[blancspa]

As suspected the UJ signal was soft and protected at 90.

spot on actually