A nice textbook 3 ducks entry on GU around the NYSE open. Both 240 & 60 time frames are in a strong up trend.
A clean 123 pattern on the 5m before the break of the recent swing high level at 1.6105. I jumped the gun a few pips and entered at 1.6102.
I don’t know how it will play out, general market sentiment seems to be risk off so I’m keeping a tight stop in place. :44:
PS nice set-up, bad trade, got stopped out. :56:
Seems a little counter productive with his test since it’s missing a Major key ingredient. But like you said, interesting non the less.
Matt, I didn’t get back in on the later option you highlighted. Euro markets were closing, US stocks seemed to be having a big risk off day, and it was lunchtime here on the US East Coast. :19:
I had my stop 20 pips under the entry at 1.6082 and I don’t mind getting stopped out when the set-up is valid, it’s just part of the game.
GU is not my favorite pair to trade, it seems a bit wild sometime. I guess if I had used a wider stop it would have eventually come home.
I do like those 123 pattern entries on the 5m!
Greetings New ‘n’ Old Duck Hunters,
[B]A Quack Question[/B]
In what year did you first download The 3 Ducks e-Book?
The 3 Ducks e-Book was published in 2007.
[I][/I][B]Andy[/B]
hi captain
I once more want to use this opportunity to say thanks for your system. i must confess it is a very consistent one. I sent you 3 times an email to get the ebook but never had a reply. I would like to have it for a read and a re-read to get a good hold of the system.
Thanks
Just check your spam folder Buddy, If I got an email for the ebook I would always respond.
Also make sure you are sending your emails to the correct address.
I will email you the ebook If you send an email to: <[email protected]> Subject Line: ebook
hi captain
I just want to say I am sorry for my first post. I just opened my inbox and got my ebook waitng for. maybe i was too anxious to lay my hand on it. anyway once again sorry and may God bless us with many pips.
Good trading to you for the week ahead.
2 pairs you could be keeping a close eye on over the next few days are;
[B]1. Eur.Gbp[/B] - looking for the selling oppertunities.
[B]2. Gbp.Usd[/B] - looking for the buying oppertunities.
Don’t forget this Friday is Non Farm Payroll.
[B][I]Andy[/I][/B]
Hello Duck Hunters,
[B]Eur.Gbp[/B] - this pair has been on my “TOP 3” pairs to trade over the last few weeks. The Pound has been waaaay stronger than the Euro recently and hasn’t been this low in almost 2 years. Your 3 Ducks have been flapping their wings trying to tell you to sell, sell, sell when they line up. I will be looking for the selling opportunities in the coming days when my Ducks line up.
A 20 pip Stop-Loss and a 40 pip Take-Profit might be a good strategy on this pair at the moment.
Best wishes with your trading.
[I][B]Andy.[/B][/I]
These are not trade recommendations. The 3 Ducks Trading System is best used as a set of guidelines with discretion in addition with your own market analysis and trading ideas. I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Hi Andy,
I have sent you an email for the ebook,
however - what currency pairs do you normally trade? (or have found to be effective with the system?)
Thanks in advance
Hi Captain,
I haven’t been trading long, just over 2 months now. But I must say, your 3 ducks system is very easy for a novice trader to pick up and run with.
So far, I’ve used it for 20 trades and I’ve got a winning ratio of about 70%, with trades lasting 1-2 days on average, trailing SL at 30 pips.
Your system makes it easy to trade at a glance and I am able to factor in macro events more easily to decide on trades as I don’t have to constantly compare 2,3 or even 4 indicators, like some more complicated system.
I do have other systems set up on my charts and your system seems to be making a more consistent valid signals.
So, thank you for making trading simpler! 
Cheers
Haz
Jangez,
I’ve been keeping my eye open for 3-ducks set-ups on around 8-12 pairs, EUR/USD&JPY, GBP/USD&JPY, AUD/USD&JPY, USD/JPY, USD/CHF, USD/CAD, EUR/GBP, NZD/USD etc.
I think the key is waiting for pairs that show strong trends, this past week we didn’t seem to have a lot of strong signals. [I](On second thought, maybe there were some good signals this past week but I just missed them)[/I] :56:
Next week I’ll be keeping my eye on AUD/USD&JPY, EUR/JPY, USD/JPY and NZD/USD. If these pairs continue behaving as they did this week into next week, we might have some nice trading.
Haz
Welcome, I’m glad the ducks are working for you. IMO it’s one of the best trading methods on the whole babypip site!
Thanks D-pip, i’ll see if i can get some trades using this next week and i’ll report here
i recently started to learn forex (again) after 5 years off it
If you already haven’t take a look at the Tech Templates threads started by Tess and her associates.
Tess’ methods and the 3 ducks go together nicely like chocolate and peanut butter!
http://forums.babypips.com/free-forex-trading-systems/29902-technical-templates-continued.html
http://forums.babypips.com/free-forex-trading-systems/19076-technical-templates-2-a.html
http://forums.babypips.com/free-forex-trading-systems/6632-alternative-technical-templates.html
You are welcome Buddy.
d-pip many thanks for your help in answering questions on this thread - I owe you a coffee too!
[I][/I][B]Andy[/B]
Hello FEARLESS Duck Hunters,
[B]When Trading Forget Fear & Listen To Logic[/B] - Lately the Euro has been weak and is still under selling pressure across the board.
The 3 Ducks is a very “Black & White” logical approach, it tells it as it sees it.
As soon as you look at your 1st Duck on the 240 min chart it favors shorting these 3 pairs;
[B]1. Eur.Usd (selling Euro)
2. Eur.Gbp (selling Euro)
3. Eur.Jpy (selling Euro)[/B]
As a currency trader it is your job to logically observe and make money by selling the weak currencies.
[B]Mind your Emotions - What FEAR Can Do[/B]
[B]1.[/B] Fear will often stop you from entering a good trade or make you jump out of a good trade too soon.
[B]2.[/B] Fear will often put doubt in your mind.
[B]3. [/B]Fear will confuse you and give you many different scenarios and get you over analysing your charts.
[B]Trust Me[/B]
Most new trader look at their charts emotionally and trade emotionally. Its going to be very difficult (probably impossible) to trade consistently and to make money if you are full of fear in your trading.
Use your 3 ducks to look at your charts logically and always try to trade logically too. Trust me, as soon as you start doing this you will progress into a better trader.
[B]What I’m Logically Looking at[/B]
In the coming days I will be looking for the selling opportunities on Eur.Usd, Eur.Gbp and Eur.Jpy when my 3 Ducks line up, will you?
Best wishes with your 3 Ducks Trading,
[I][/I][B]Andy[/B]
These are not trade recommendations. The 3 Ducks Trading System is best used as a set of guidelines with discretion in addition with your own market analysis and trading ideas. I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Aussie, Aussie, Aussie, oi oi oi
Logic
The Aussie Dollar is very weak at the moment against a number of pairs and The US Dollar is strong at the moment against a number of pairs.
Your Job
Selling Weak Currencies against Strong Currencies
What Your Ducks Are Saying
Your Ducks are smelling the weakness and flapping their wings and favor shorting the (Aud.Usd) pair when they all line up.
Keep a close eye on this pair into next week Duck Traders.
Andy
Hello Duck Hunters
Good trading to you for the week ahead.
[B]Top Pairs[/B]
Keep an eye on these pairs over the coming days - 3 Ducks favor shorting;
[B][I]Andy[/I][/B]
Greetings Duck Hunters,
[B]The Euro is Alive and Breathing – Well, Just About[/B]
The Euro has been let up for a breather today and we are seeing some pullback on the Eur pairs. Pullbacks are going to be a natural part of the trend, they are nothing to be afraid of or we don’t start going bullish just because there is a pullback within a down trend.
[B]In The Coming Days[/B]
Keep your eyes on Eur pairs over the next few days because your 3 Ducks still favour selling when they line up on:
[B]Risk versus Reward – A Bite at 2.1[/B]
Sometimes with our 3 Ducks trades its about taking small bites out of a currency pair at a good risk versus reward ratio.
Best wishes with your 3 Ducks Trading,
[I][/I][B]Andy[/B]
These are not trade recommendations. The 3 Ducks Trading System is best used as a set of guidelines with discretion in addition with your own market analysis and trading ideas. I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Some days it seems too easy! LOL :44:
