5 min
The charts above were the conditions when I entered a trade. I went long at 1.16804. During that time I was thinking to set my TP at about 1.720 because I was thinking that that was the resistance level. However, I set it at 1.780. HAH! Price went down after 1.720 so now I’m still in the trade.
Based on my current charts, the trade isn’t a valid 3 ducks trade but I’m just going to wait and see what happens hehe.
Hi @TradeViper. I can’t seem to find a good trade for EUR/USD using 3 Ducks. I was able to open one last Monday though. Closed it today.
Just click on the link in the first post, above, and all will be explained
I don’t have any open trades right now but hopefully I get some good trades this coming week.
Thanks for the explanation, CoinLady!
It’s great to see people documenting their progress like that, I hope all is going well!
Thanks @dianajs. I haven’t had good trades lately so I’m using the time to look into studying price action and reading on factors that influence it.
I hope that will help. I have studied pure price action too, but I confess that I still use some indicators.
USDJPY
H4
H1
M5
Looks like the 3 ducks are all lined up so I’ll be opening a trade for this.
The D1 chart is also showing that USDJPY has been moving in an ascending channel. I feel like it’s a good time to go long adding that it’s above the 60MA then I’ll be closing my trade as it goes near the top.
I’ll be putting my SL below the lower trendline.
EURUSD
H4
H1
M5
I’m also seeing a trade for EURUSD. Going short for this pair.
On a higher timeframe, EURUSD is still below the 60MA.
D1
Yeah I sure hope it does. What indicators do you usually use?