Mackdaddy1988
Junior member
- Messages
- 14
- Likes
- 0
Hi everyone,
I apologise if this has been discussed before but does anyone combine the strategies 'the 3 ducks trading system' and a breakout strategy such as Phil Newton's breakout system?
Having a look it can possibly be done, but most likely with a continuation of a previous trend. Looking at EUR/USD below price was in a short range after trending upwards, price then broke above the top of the range and continued onwards. In all three time frames price was above the 60 SMA indicating all three ducks are lined up.
This could give more confirmation of a continuation of a trend. Furthermore a fib retracement can also be used as shown below giving more confirmation:
Let me know what you think
I apologise if this has been discussed before but does anyone combine the strategies 'the 3 ducks trading system' and a breakout strategy such as Phil Newton's breakout system?
Having a look it can possibly be done, but most likely with a continuation of a previous trend. Looking at EUR/USD below price was in a short range after trending upwards, price then broke above the top of the range and continued onwards. In all three time frames price was above the 60 SMA indicating all three ducks are lined up.
This could give more confirmation of a continuation of a trend. Furthermore a fib retracement can also be used as shown below giving more confirmation:
Let me know what you think
