That would be a very wise tactic to adopt when looking to take advantage of this type of approach. Don’t handcuff yourself by restricting your field of vision.
One or two thread members took that concept a step further & constructed grids with each of the individual currencies (GBP/CHF/EURO/YEN/CAD etc) cross matched against each other offering a quick reference guide to identify & spotlight high probability opportunities.
hi carmino,
no , i’m not profitable, but i’ve been at it for a very long time already and getting closer (way longer than the date on here). I’ve put in the hard work already and I think i’m going to be profitable soon - felt like I was learning something new everyday for a long time… I already have done extensive manual backtesting , with detailed recording. My system is tailored to how I feel comfortable with using the duck’s . Like other people I don’t feel good about using the 5min chart. Still, my system is based on the ducks and I used the ducks to learn about trading. And it feels like I sure oh learned a lot. My feeling is that, running this system, is like squeezing money out - sometimes nothing, other times a lot. It’s very positive I think for me that i’m still treading (about zero). And some dummy trades I took (without test money, no time) were actually profitable. So I think it should work. Plus another miss by a few pips. That’s all positive , that i’m still at zero. Means next time i’ll be getting it
thought of a nice way to trail my stop and go to sleep – use the 1h chart, using what I call ‘spacious’ swing points (my tp is set to 2.5R. Another nice idea might be to have e.g. 2 orders (say one at 1.5R TP, another with tp 2.5R). might really help out with drawdown .just some ideas.don’t like price going up without me collecting something. but that is later on to do (first get the thing working as it is).
Thank you very much for your assistance. You’ve helped me out when I was feeling somewhat discouraged about it all. So i’m grateful.
Thanks again.
I see a few on this thread are talking about stop placement and tp ,fwiw I don’t use the 5 min chart at all I place stops below obvious areas on the 1Hr and move them when a new area looks good(to me) I let the market take me out (mostly)
here’s a link to a thread that might give you something to think about in terms of stop placement and letting profits run on.The first two pages are were most of the good bits are.
http://forums.babypips.com/newbie-island/52662-real-trading-edge-quantified-trading-stop-management.html
If posting the link is inappropriate mods please delete,but I think it ties in nicely with 3 Ducks
Here here, thanks Carmino for all the time and effort you put into the 3 Ducks thread (and thanks to all the other regular contributors too :-))
[B]Andy
Captain Currency[/B]
Check page 1 of this thread.
Of course, we can provide a link for ALL (282 pages) of the information on the subject! Happy reading!
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[li][B]http://forums.babypips.com/free-forex-trading-systems/6580-3-ducks-trading-system.html[/B]
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Hi All,
I am planning to start trialing out the 3 Ducks set up and I am just wondering if the ‘system’ is still relevant to forex futures? Or is it more for spot forex?
Thanks in advance,
Trender
Hi guys,
Would anyone be able to give me an answer with regards to my post above. This thread seems to have gone a little quiet atm. Would love to know if the 3 ducks set up will works on forex futures?
Thanks
“Lexys” trades the futures market … maybe send her a visitor message via BabyPips.
Thanks mate will do.
Page 2 of Andy Perry’s ebook:
If you haven’t read the ebook, that should be your starting point. You can request Andy’s free ebook by sending him an email. Instructions can be found in the early portion of this thread.
.
Thanks Clint, I actually read the book and good point - he states it clearly. I guess I just wanted extra confirmation with regards to futures but I think i’ll take your point as confirmation.
Cheers
Looks like the binary option boys are onto you Captain
Three Ducks Binary Options Strategy | Binary Trading
You BINARY OPTION BOYS better start paying [B]royalties[/B]
to Captain Currency for using his [B]trademarked 3 Ducks.[/B]
.
LOL Clint and CarlosRay, even to give us a mention would’ve been a nice gesture ehhh …
Have a great weekend,
[B]Andy
Captain Currency[/B]
Been doing some manual back testing with dax and ES mini with the Ducks set up and some added use of looking at volume ( though not essential) and my paper results look very impressive. I will trade live these markets over the next few weeks and post live trades. I like to add VSA principles as that’s my background but its probably not essential to.
Greetings Duck Hunters,
Just had a look at the charts and this is the read I’m getting.
Eur.Usd
Bearish bias, technically 1st Duck (4hr chart) favours short set-ups.
Thoughts on Eur.Usd: sideways, not a lot of price action over the past 3-4 days. A break and hold below 4hr support is needed to get things going again for the bears otherwise we could see more of the same (sideways action) or even a swing higher which would likely see bulls back in control and calling the shots.
Aud.Usd
Bearish bias, technically 1st Duck (4hr chart) favours short set-ups.
Thoughts on Aud.Usd: I’d reckon there is a leg lower coming in the sessions ahead. Price recently moved up but held below the sma on the 1hr chart, a potential retracment. Would really like to see this pair come under some selling pressure, taking out hourly support and then going on to take out 4hr support levels too.
Usd.Jpy
Bearish bias, technically 1st Duck (4hr chart) favours short set-ups.
Thoughts on Usd.Jpy: Not a pair I want to short at the moment, I think the bears are struggling at current levels and bulls are looking to come in and spoil the 4hr downtrend. I could be wrong, a break and hold below the major support level (110.10) on the 4hr chart would keep bears in control.
Trade well,
Andy
Captain Currency
Hah look at me go, those are the three I was looking at! I’m so glad I have you on Twitter Andy, makes it easy to reply straight away. Thank you for sharing such an amazing way of trading with us! In regards to these pairs, since they all involve the USD, how do you generally trade around the FOMC?
Ahh you’re welcome Phluxxed
Nearly sure I did a short post on something similar (pre-FOMC, pre-NFP, what choices you have), must be on this thread somewhere if you want to go digging for it or if one of the other members have a link they might re-post it.
Andy
Captain Currency
Here is a link to one such post by the Captain: [B]How to position yourself pre-FOMC … Get Comfy![/B]
PS! There may be other posts on the subject, so do a [I]Google[/I] search with the added filter text “[I]site:forums.babypips.com[/I]” to help find them!
