good stuff medi,I’m just shy of +100 pips on Eur/Gbp myself,it’s been a real lesson in patience for me as it was in the negative for most of 2 days but the 4 hour continued to show strength so I hung on.
How do you normally handle leaving trades over the weekend
well, because 3ducks is medium to long term trading, at least for me, I simply ignore weekends because my stop is big enough to handle most of weekends moves.
So I do nothing on my positions for weekends.
I add to winners on eurgbp 
and I’m now +46 pips.
Very powerful push!
Also it seems to be willing to go up again because the retracement is very small.
As I said before, following the plan is good! Shall I closed the trade on eurgbp because it was doing nothing, I would be with a loss. But because the plan says that only the stop loss can close the trade, I left it open and now it has profit locked and a second trade on profits.
I’m comparing the same trading of duck hunting on demo and on real account. I found that sometimes on demo a trade is not stopped out while on the live account it does.
The charts seems equal, the entries the same, the stop loss position the same, but the exits not, so I think that on real the momentary increase of spread can cause this issue, so I’m going to place my stop losses at least 7 pips below the last support / above the last resistance, instead of the 5 pips I was using.
Let see if the difference continues.
Today I closed all the trades I had on nzdjpy because they were stopped out for a total net profit of +135.4 pips or 1.46% of my account.
I still have two trades on eurgbp, both in profit, and both are winners with profit locked.
At this point I see various opportunities on xxxJPY pairs, but none of them are ready for my filters, because I still don’t see which one is the strongest and which one is the weakest, so I’m waiting until I see confirmation.
What I was looking on Saturday is a interesting way to use the 3 ducks to get HUGE profits, and when I’m saying HUGE I’m talking about trades that win 15% of your account risking only 1%
It is simply using the 3 ducks system, with all the normal rules you succesfuly use, but only enter a trade when the stop loss of that position matches the stop loss for a 4h position.
I use the zigzag indicator to help me view highs and lows clearer. So I can place my trade on recent high when I’m seeing higher highs and higher lows on the zigzag points. I place my stop loss to the bottom nearer zigzag between now and 3 previous zigzags bottoms. This zigzag is viewed on 5M time frame.
If that point is the same point as a bottom zigzag but on 4H, then I can setup a valid trade, with the stop calculated for 5m time frame, but with the potential profit of a 4H time frame.
I then trail the stops using the bottom of 4h zigzag, that means my trade could be on 400+ pips profit, then retrace 100-150 pips and then form a new higher low on 4h zigzag, that the I use as my trailing stop level. After that, I add to winners using the standard 5m time frame, but with the stop on the new higher low of 4h.
That shows in history moves on the first trade of 800+ pips, risking about 50-60 pips only. Do your calculations, and if you risk 1% for 60 pips, a move of 800 pips could give you a HUGE reward!
I’m very excited about this, but I feel I need to take it carefuly, and check first on demo and small trades that risk maybe 0.1% instead of 1%.
Well, all my trades finished last night. They were EURGBP, and had +70 pips net profit.
So far this week I’m +205.4 pips / 1.93%, pretty good to be Monday!
Today I started a new trade on NZDJPY at 78.768, initial stop at 77.965, lets wait to see what happens.
The 4h trend is still intact, so I expect to have still strong moves up!
Well, the NZDJPY was stopped out for a -80 pip loss.
I’m looking to trade the ducks for usdjpy and nzdjpy
Hey Medi,
Keep in mind I’m learning and I’m still a newbie so “please take this with a grain of salt” (in other words more of a thought than advice), but there are two things that I would be conscientious of this week. One - Captian advises to be atleast aware of big news events (i.e. three rate decisions this week). Even though the three do not involve the Nzd or the JPY directly, there may be some ranging, correcting or pull back type moves in the overall market. Two - after taking a look at the weekly nzd/jpy chart you might notice the pair has had six straight positve weeks; further increasing the odds of a ranging, correcting or a pull back type move. Regardless, I hope we have continued seccess hunting ducks.
Medisoft,
Hope you stuck to your plan cause NZD/JPY Ducks are lining back up for a long position. Goes to show you the market is hard to inticipate.
Yeap, I know that the ducks almost always signals me to the right side of the market.
I lost the last trade on nzdjpy, but if it aligns again, I will enter long.
I shot the ducks on NZDJPY, EURJPY and EURAUD.
On nzdjpy and euraud I see a very bullish move based on my 7 point pattern, specially on nzdjpy because the pattern shows like a bounce on 1h sma(60)
The ducks also aligned on usdjpy for me, so I bought that pair. nzdjpy and eurjpy are both in profits right now, but they are not winners yet, until I lock some profit on them. The euraud is wondering about where to go, but it is biased for long. It is on -23 pips at the moment.
All of the trades are now on profit, but they are not winners yet! euraud is with symbolic profit of 1.7 pips, eurjpy with nice 37.2 pips, nzdjpy 25.7 pips and usdjpy 5.2 pips.
From this list, eurjpy is the one that seems to be making a new higher low, big enough swing to make it the next stop loss and to make me able to lock profits on that pair
The others are still on the swing up.
Great! The EURJPY trade is a winner! and now I added to winners on it
All the other trades are on nice profit The greatest is, obviously, eurjpy with 70 pips
Looking at euraud, I see that it already did the pullback, but that pullback is not high enough to lock some profit, so I’m discarding it as a trailing stop point.
The same for usdjpy, that also is making a higher high and shows signs to be strong enough to continue making higher highs.
Look at this chart. It shows a red B indicating the bishop signal on 1h to exit longs and a green B for exit shorts.
I’m evaluating the bishop signal to improve my exit timing, because entries with 3 ducks are wonderful, but my own exits sucks, with lots of profits left on the table.
This are my stats for 3 ducks system with my own adaptation and filters
What I’m trying to improve is the size of my average win. I think the win/loss ratio is pretty good, but I still miss some stats on shorts.
I think that improving my exits will also improve my average win.
I moved usdjpy to BE, added to it some more trades, but after that I saw a little of hesitation of the move, so I move the stop of the new trade to BE. It was stopped out at BE. The initial trade is still active, and I’m waiting to see if the pair resumes the move up to add to winners again.
The eurjpy trades failed. One gave +0.8, the other -69.2 pips, for a net loss of -0.6%
Also moved the stop to BE on nzdjpy, and Im going to sleep. We will see what happens while I’m sleeping
all the trades failed 
well, they were stopped out at BE after being on +40 pips. As I said, I need something to improve my exits!
Well, also the ducks on nzdjpy are aligning for a long position!
A word of caution, I have tried the duck system and it works terrific when markets are trending, but can really take a hit otherwise…
Now we are seeing huge trends across all markets, so any blind trend following system can reap huge rewards, but do do rigorous backtesting so that you can withstand the drawdown periods when they come.
Happy duck hunting!
Yeah, I know. The market must be trending, and I have some filters that [I]filter [/I]non trending conditions pretty well.
Like comparing sma on various TF, check angle of the SMA, do linear regressions to get the trend on various TF, look for HH/HL or LH/LL on various TF.
I’m looking to shot the ducks on eurjpy (now that the interest rate decision is over), nzdjpy and cadjpy for long trades.
all the three seems to be good for establishing a short time and long time trades, with the protective stop on the low of higher time frame swing low.
If possible I’m going to trade it that way