As for the 150+ pages, like everything in life and especially for Forex, one requires patience, stamina and determination.
So, if you do not have the patience, stamina and determination to work through 150+ pages in order to perfect your Strategy, Money Management and Trading Plan, then [B]NO, it will not work for YOU!!![/B]
Find Captain Currencyās website and request the 3 ducks pdf, itās a simple system for deciding buy or sell, do with it what you will. I would also recommend reading the whole thread, it shouldnāt take you too long.
Yes, this still works and unless they shut the Forex down or change the entire formula this system will work forever.
Remember this is a trend following approach and will not give you great results in certain types of market movement i.e. sideways ranges. The approach has to be supplemented with other tools like Support/Resistance, Fib lines, candle analysis, volume data, fundamentals, strength analysis etcā¦
I do suggest to go through the whole thread, you will find a lot of useful information. It only took me a week.
I have just come across your system, which I agree is both logical, and intuitive. Apologies if this has been asked previously but can this system be effective on say a daily chart, 4 hour chart and 1hour chart?
Seen as youāre spanking new to the thread ChipBit, your request for forgiveness is granted
Maybe one of the resident Duck Hunters on this thread might be able to find it, Iām nearly sure a similar question was asked (and answered) before. To save time Iām going to direct you to [B]page 4[/B] of The 3 Ducks eBook. Have a glance at the āquoteā at the bottom of page 4 and youāll get the picture as to why Iād prefer to use a 4hr chart and not a daily chart for our 1st Duck.
Feel free to post, stick a chart up and let us know about your winning trades and losers too ā¦
If the Euro rallies back up, hit it with a hammer! Over the next few days selling into Euro rallies or selling break-outs might just be a simple but profitable plan.
At the moment it looks like our Ducks would favor:
selling set-ups on these major pairs:
Eur.Usd (price below 4hr sma)
Eur.Jpy (price below 4hr sma)
selling set-ups on these cross pairs:
Eur.Gbp (price below 4hr sma)
Eur.Usd: A Leg Down ā¦
Iād really love to see the Euro drifting lower, support at 1.3500 is just asking to be broken and those Bears are itching to take a leg down to 1.3475 In the coming days/weeks.
Thatās my opinion, hopefully youāll manage to pick up 1 or 2 winners when your Ducks line up.
Andy
Captain Currency
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 or reliance on such information.
Hi everyone, Iām studying to become a 3 duck hunter too. I like the simplicity of this guidelines, so Iāll give it a try.
But most importantly, I saw the information about the set & forget method provided by CC and it came to my attention the fact that I can make my analysis anytime and then set the entrance, stop and exit prepared to be excecuted some time on the next 24hs.
You can correct me if Iām wrong, but I understand that by reading the info on the method.
I think it could be great for me, since at my work I can barely follow the market and when I get home, I already lost the best market hours.
Iāll practice the basics of the 3 ducks system, and then Iāll see if I go deeper with the advanced method