The 3 Duck's Trading System

Thanks for the shout-out, Pipity.

I’m not sure about the Albert Henry reference, but I’ll take it.

And I’m proud to hang this Award on my wall! Thanks.

Thanks for giving me the clap!

Actually, I [I]do[/I] carry a Walther, but it’s the larger-frame model PP —

— not the smaller “James Bond” model PPK.

Nice post Clint. Im intrigued about your results now! Any chance of you sharing with us;-)

Everyone does realize that the Header is “The beginners guide to Forex trading” And that a forum is defined by 1. A medium in which the public may debate an issue. 2. A meeting place to discuss matters of general interest. Education is defined by 1. The imparting and acquiring of knowledge through teaching and learning, especially at a school or similar institution. 2. The knowledge or abilities gained through being educated. 3. Training and instruction in a particular subject. 4. (This one is my favorite) learning experience- an informative experience.

That was taken from post #15 So the original author said to make the system your own with entries, stops, targets and adding to winning positions etc. He said just don’t change the bones of the system. I am going to assume he was referring to what was posted in the very first #1 post. The three or four steps to determining a possible trade. So everything else could then reason to be improved upon to an extent to match your own trading style. The discussion of such improvements could then be discussed in a medium in which the public may debate an issue. A “FORUM” by chance. To the people that said if we wanted to discuss a different approach to the system we should start a new thread. Well clearly from the original authors own words I am in the right thread and you should be looking to start a new thread. You can title it “My closed minded attempt to bemuse everyone for my own personal satisfaction” let me ask those who used words like Stupid and lazy and a couple of others. Have you ever had a vehicle you may have added a performance part to. A different oil filter other than the OEM model. Air filter, floor mat, Battery, spark plugs anything that wasn’t a direct replacement part from the original manufacturer. And if you have why? It clearly wasn’t needed or the manufacturer would have put it there to begin with right? But in this case the Author originally put in to “make the system your own” In my first follow-up I was careful not to name call or say anything I thought would be real offensive as I didn’t want to lower myself to your level. But who the hell do you think you are to try to moderate a thread for the education of others to what you feel is the correct approach when once again the original author wrote to make the system your own. This thread is here for the education of everyone who stumbles upon it. Not just you and what you think the thread should be after you stumbled upon it. Keep your rhetoric and name calling to yourself. You are not doing anyone here trying to learn any good. Maybe you should switch therapist to one that can help you control those issues. Or tell your current therapist the medication you are currently on isn’t working, your still and A**hole. You are ruining the apparent good will nature of the original author and his attempt to try to help people.
For those of you that took up for me and you know who you are. I’m not going to quote anyone because I don’t want you to take any of the backlash from what I just wrote above. But thank you. You are clearly a credit to the Human Race. I leave you with a quote. “If you want to know what a man is like, take a look at how he treats his inferiors not his equals.” J.K. Rowling
Turk, Sensible Non-Elite Doofus, but a good Human being

please please learn to use line breaks when posting walls of text :51:

Would also be nice to get back on subject in this thread instead of discussing posting quality.

Have’nt been here fpr a while.

WT actual F ?!

Get your handbags out ladies and end it there. Please don’t ruin andy’s thread.

We are all newbies in a sense that we are all still learning regardless of experience. My experience of fancy lagging ****e indicators that don’t work is that simplicity is underrated as i am sure many will agree.

Which is where the essence of Andy’s system lies, Keeping it simple. Using technique and simple indicators to help see the ‘Action of the Price’.

I may be wrong. Good luck and happy trading to all.


I second that,

Im currently in a Eur/JPY buy trade.

Entered this morning when all ducks lined up.

Didnt hit my TP of 131.6 and seems to have gone sideways.

Going to hold it overnight as I am bullish in the short term.

Happy Tuesday!

Very nice. using it now.

While the Captains ebook states you can short any break on the 5min chart as long as the ducks line up I would like to talk a little about filtering out ‘messy’ charts and the ‘timing’ of your trades.

Personally I have a 20-30 pip SL depending on the ATR of the pair I am trading.
I never place a profit target but let the trade run and manually move my stop below or above significant lows/highs on the 5min chart or if the price has moved above its ATR I might move it down to below/above minor lows/highs.

I am always looking for what I would consider a ‘clean’ chart and to illustrate that lets take a look at the difference between the 2 below charts:

Considering we want to trade with the trend it should go without saying that the EURGBP chart is by far the best looking as price is now moving in a range on NZDJPY (higher chance to get stopped out before the trend continues that on EURGBP).

In terms of the timing of the trades if you look on most charts you will note that the major moves of the day usually commences at London open and at NY open a few hours later the move either retraces or continues.
You will often find a pair to retrace the days move in the hours after 5pm NY time when open positions are rolled over and the Asian session starts.

Being on the US east coast (EST timezone) myself this is how my day looks.
I get off work around 5pm and glance at the charts when I get home but I don’t place any trades yet and instead I wait until just around 11pm placing my pending orders (I would wait even longer if I could keep myself awake).
The reason for this is you often get false breakouts during the Asian timezone and if I could keep myself up until 3am (when London opens) I would do so.
The best setup for me is a currency pair that is going against the 4h trend in the hours from 5pm - midnight (EST) as this will usually signal the price will continue with the trend once the big players wake up.
After I place my trades I dont look at them again until the next morning usually around 10am (after the initial move of the US open has happened) and if they are still going in my direction I then lower/raise my SL above/below an appropriate high/low.

The Captain states in his ebook that you can place your trades any time during the day but I would personally suggest you try to aim for catching the moves around London and NY open if you place your trades of the 5min chart.

I live in Central time zone, but place my evening orders about the same time as you, 11pm est. I also place morning trades at 7:15am est. I also have noticed it is a good time to place a trace when the previous session has gone “counter 3 duck trend”. I’m still experimenting with how I’m going to do my SL and TP

Good morning all,

I couldn’t agree with this more and it’s where I’m trying to guide my own trading, a nice sloping MA with legitimate and trending price swings make everything so much easier and more importantly they reduce the stress because trades move in your favour much more quickly.

It is a work in progress and definitely the hardest thing to do is wait for those cleaner type charts for your trade but doing so actually increases your profit potential…less really is more!

As for the trade I mentioned earlier (long Eur/JPY) it has turned a profit this morning and I am still holding out for my original TP (the high at 131.5-600 area).

Have a great Wednesday :slight_smile:


2 extremely useful statements - nicely and succinctly put.

Steve L

Not a lot of stuff worth looking at today :frowning:

There is virtue in work and there is virtue in rest. Use both and overlook neither Duck Hunters …

Hope you manage to have a restful weekend,

Captain Currency

Hey Captain!

First off, thanks for taking the time and sharing your system. And its good to see that the thread is still well and alive, its been 8 years !! and I’m happy to see you guarding your thread still Andy.

Its simple and clear can’t get any better than that ! Although I’ve been trading for a year, I never went after systems until very recently when I run into one after another bad timed and mismanaged trades. Think I’ll give this one a go, I’ve got enough experience by all no means adequate to judge whats worth trying out and what isn’t. I’ll be following this thread.

AUDNZD 4H and 1H charts are trending down nicely with lower highs and lower lows.

The 5min chart is currently setting up perfectly with a nice retracement.

Very nice and clean overall chart.

I am going short this pair on the break of a low on the 5min chart.

Took one “ducks” trade last night (GBPCAD). Went well, but the CAD news erased about half my profits so far.

Just a tad I tend to sit on the fence during the week of Non Far Payrolls. I suppose thinking twice pre-entry is not a bad idea after all, call it a form of self-discipline.

For all us trend traders I’d really love to see Eur.Usd push lower in the coming sessions. A break (and hold) below the recent swing low on the 4 hour chart in around 1.0711 would be a good start for the bears. Who knows after that we might even be able to target the lowest low in-around 1.0460!

Don’t forget this Friday coming (April 3) Non-Farm Payroll numbers will be released, it’s also a holiday in the UK so trade carefully.

Captain Currency

Most of the AUD pairs have started to trend nicely on the 4h charts so keep an eye out for opportunities.

During such periods I usually stay out completely. I resumed trading today in time to short Crude Oil after the jump.

3 trades this week with 3 ducks - all positive. This system requires a lot of patience! I’m having to detox my system from the “need for speed”!