Best Thread The 3 Duck's Trading System

[sheridano]

sma

Hello Traders,

Just thought I would share The 3 Duck's Trading System with you.

can you tell me how to set up the 60 sma ,sorry to ask but quite new to this

 

[sheridano]

can you explain 60 sma is set up on my settings

 

[gedward3]

can you explain 60 sma is set up on my settings

What platform are you using. MT4 or another one.........

 

[sheridano]

im using capital spreads ,thanks for your help

 

[gedward3]

im using capital spreads ,thanks for your help

If i remeber right on the bottom left is a button for indicators. Click that and it will bring up some pre-defined indicators.

If not quickly download the manual.

Capital Spreads - Financial Spread Betting User Manual

Ged

 

[sheridano]

thats correct , wat one is it i change the settings on .example the maccd etc

 

[gedward3]

thats correct , wat one is it i change the settings on .example the maccd etc

Just leave macd as standard as thats what most traders
would do.............

 

[sheridano]

Just leave macd as standard as thats what most traders
would do.............

Sorry to ask ,can you tell me wat i chamge in the settings im not sure wat rhe sma is

 

[sheridano]

im not sure were on the settings is says sma sorry ,as im wanting to change to 60

 

[bigdannyc]

thanks for sharing

Hello Traders,

Just thought I would share The 3 Duck's Trading System with you.

hi,
i want to give your system ago, but what free charting package can i use, im with ig index at moment and cant see how to make a chart like yours, please help thanks dan

 

[Captain Currency]

hi,
i want to give your system ago, but what free charting package can i use, im with ig index at moment and cant see how to make a chart like yours, please help thanks dan

Hello BigDannyc,

I use Metatrader 4
Its free and easy to use


Andy

 

[sheridano]

im lost sorry

 

[GladiatorX]

So with the 3 ducks system - You wait for 4hour to be below 60SMA, 1hourly and then you wait for the 5-minute to close below the 60SMA... Everytime? So everytime i crosses above and closes below you short?

Thanks

 

[rathcoole_exile]

in a nutshell, but i think CC adds some caveats

 

[GladiatorX]

in a nutshell, but i think CC adds some caveats

Support and resistance i suspect... I can see if you only entered when price broke previous swing highs and lows you could have some nice entries, otherwise you'd have alot of entries where price closes above, below, above, below in the space of 20 minutes

 

[Captain Currency]

Greeting,

The 3 Duck's Trading System ebook is avaible from The Captain Currency blog.

The ebook will take you about 1 hour to read and all the answers are there :smart:



Hello Rathcoole_exile, howz it goin?


Andy

 

[Captain Currency]

Support and resistance i suspect... I can see if you only entered when price broke previous swing highs and lows you could have some nice entries, otherwise you'd have alot of entries where price closes above, below, above, below in the space of 20 minutes

Hello Gladiator,

Indeed you would if it was a choppy market, but we know from reading the ebook that the system works best in a trendie market so this should take care of your concern.

Having said that, when you have a lot more experience trading the 3 ducks you get to know what to look for in a choppy market and be able to take advantage of it like this

Andy

 

[GladiatorX]

Hello Gladiator,

Indeed you would if it was a choppy market, but we know from reading the ebook that the system works best in a trendie market so this should take care of your concern.

Having said that, when you have a lot more experience trading the 3 ducks you get to know what to look for in a choppy market and be able to take advantage of it like this

Andy

Yeah i see
Captain, why is it your sharing this?

From your examples i can see your taking recent highs and lows and trading only if price closes above - Seems much more reliable, relatively easy to spot, i'm sure a lot of traders are too lazy to draw horizontals on these levels haha

 

[Captain Currency]

Yeah i see
Captain, why is it your sharing this?

From your examples i can see your taking recent highs and lows and trading only if price closes above - Seems much more reliable, relatively easy to spot, i'm sure a lot of traders are too lazy to draw horizontals on these levels haha

Hello GladiatorX,

Don't try and think what Im thinking just by looking at my chart, there is a lot more to trading in a choppy market. You read the ebook and stick to the pairs that are trending before jumping onto the next level.


Andy

 

[GladiatorX]

Hello GladiatorX,

Don't try and think what Im thinking just by looking at my chart, there is a lot more to trading in a choppy market. You read the ebook and stick to the pairs that are trending before jumping onto the next level.


Andy

I tried out a trade based on the setup Pointless, need to define my rules and backtest and demo... But Long EUR/USD @ 1.4126 based on the setup, but also because the Daily EUR/USD trendline was broken...