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.
