H4 chart: Below = Look to sell
H4 chart: Above = Look to buy
H2 chart: Below = Probably sell
H2 chart: Above = Probably buy
M5 chart: Below = Sell
M5 chart: Above = Buy
Is this basically what the OP is saying? Also when I add an indicator on my chart I get the option of open, close, high, low, typical, median, weighted. Which should I be selecting?
Iāve been bad 
Iāve strayed this week. I canāt help but shake this feeling that the 3 Ducks has a lot of chance in the system. While it is geared towards following the trend Iām wondering if the entry is too willy nilly i.e. we set a pending order based on where weād LIKE prices to go as opposed to where the are LIKELY to go based on valid information. Often times Iāll place a trade and the price triggers and then bounces sideways - often taking out my stop.
Iāve been messing around with Hector Devilleās 3 SMA system which is another trend following system that attempts to catch the predictable bounces in the direction of the trend off of a support or resistance zone. The system makes a lot of sense and Iāve placed a few successful trades, however, the constant monitoring of charts for entry signals and profit taking is exhausting and I canāt trade like that. The entries are akin to 3 Ducks is but catch the moves often double the entry point of 3 Ducks.
I wonder if there is a way to stack the deck even further in the 3 Ducks favor when entering a trade. I have been caught in so many ranges that bounce around and take out my stops as opposed to going in my favour. Thoughts anyone?
Maybe take only trades that agree with the trend of the daily chart. Use the 3 ducks entry rules. But if the ducks say to go long and the daily trend is down, donāt take the trade. Maybe you will have better probability of catching a longer run if you stay with the daily trend.
We should check daily timeframeās candle or itās up trend n down trend ?? just check it out my todays tradeā¦with very small account.
It was only a suggestion by me. The daily time frame is not part of the 3 Ducks entry rules.
I prefer to mainly take trades in the direction of the Daily trend. In my case, if 3 Ducks gives a good signal to go long but the daily trend is down, I would probably not take the trade.
I suppose that is further confirmation of going with the larger trend. I donāt know that looking on the daily will help me with my seemingly bad luck of getting caught in a continuation of price consolidation within the trend instead of getting the breakout of the area.
Itās a bit of a pickle placing a pending order near a congested S/R area only to have the trade triggered and the S/R area holds and price bounce back up taking you out. However, perhaps waiting for a candle to close through the area of S/R as confirmation and then placing an order at the open of the next candle kinda defeats the whole set-and-forget approach which I really like.
Trading results from this week. Ended in the positive at least! I opened up two positions on a AUDUSD trade, one with a 50 pip SL and a 30 pip TP and the other with a 50 pip SL and an open profit target. The trade went against me for a 100 pip loss. That was the worst trade of the week. I was afraid that using a two position technique could result in that out come and it did - just my luck.
Did you build that stat tool? Looks great! Forgive me if itās common knowledge, Iām new to this.
[QUOTE=āSpoof;744412ā]Trading results from this week. Ended in the positive at least! I opened up two positions on a AUDUSD trade, one with a 50 pip SL and a 30 pip TP and the other with a 50 pip SL and an open profit target. The trade went against me for a 100 pip loss. That was the worst trade of the week. I was afraid that using a two position technique could result in that out come and it did - just my luck. <img src=ā301 Moved Permanentlyā/>[/QUOTE]
Iām not sure about the double entry.
Great when it works, but sooo bad when it doesnāt. I think you need to be super confident in your trades to do that, and Iām not.
No, I didnāt make it. That is part of the MT4 trading platform. It is just a screen shot from the trading results in the Terminal.
What I dislike about systems, no feelings. What I like about systems, no feelings? I am learning price is price. If I wait for an announcement, most likely priced in. They say donāt chase price, yet if I do, I catch movementā¦just get out when I have a profit.
Na zdrowie
Greeting Duck Hunters,
Hopefully not but the early part of this week could be a bit tricky for trend traders to trade. Counter-trend moves already happening on some pairs, I wouldnāt be surprised to see some small breakouts and even dreaded false breakouts too.
[B]Interest Rate Statement[/B] out of the US this Wednesday coming the 27th. Wouldnāt expect them to change the rate this time around but you could still see the price jumping around on Usd pairs.
Safe trading for the next few days guys,
[B]Andy
Captain Currency[/B]
After having read the WHOOOLE thread (and I can tell you it was a long read) Iām enjoying this framework more and more and finally begin to make profits in my demo accounts.
I like the elegance of this simplistic system and the fact that itās a discretionary one which made me stop trying to hunt for pips on too small a timeframe.
I can only advise new comers to do as I did and read most if not all of the thread as itās full of wisdom. I really learnt [B]a lot[/B] here !
Thank you Captain Currency and all other participants.
Now on to the charts to hunt for ducks !
PS : Andy, I canāt wait to learn more from your advanced 3 ducks when money wonāt be as problematic as it is now (haaa, the wife, kids, new house and wedding !)
I am going to start trading the 3 Ducks again. I am going to trade with SL = 20 pips and TP = 30 pips. I opened a separate trading account so I can test the system properly. These will be live trades.
For tonight I am looking at possible entries:
EUR/GBP long
GBP/USD short
USD/CAD short
I got filled on all 3 trades and they all hit the SL of 20 pips. I will try again tonight to look for potential trades. I am placing trade orders after the open of the Asian markets.
Jeepers creepers LenJao, how long did it take you, your eyes must be falling out ā¦
[B]Andy
Captain Currency[/B]
Greetings Duck Hunters,
Some weeks Exits will be even more important than Entries for us trend traders.
Hope you all manage to have a great February in the market, I reckon there will be some good set-ups but exits will be key.
A quick tip: if possible close out a chunk of your trade when heading into levels of support/resistance on the 1 hr or 4 hr chart, bank a bit of profit!
Chat soon,
Andy
Captain Currency
Greetings Trend Traders,
Just a quickie, for traders who like to get involved with the Aud.Usd pair when their Ducks line up, Iād be thinking the spot where Bulls will look to take back control is on a break of that $0.7128 area of resistance.
Over the next few trading sessions, going long with your 3 Ducks on a break above $0.7128 could work out nicely but this is not a trade recommendation 
Good trading to you all this week,
Andy
Captain Currency
