28/02/ · 3 Little Ducks Forex. Andy Perry aka Captain Currency Cost: The 3 Ducks is a free Forex trading strategy provided by Andy Perry who has been successfully trading his own funds in the Currency markets since We reviewed the original 3 Ducks free eBook back in In after requests from users around the world Andy formalised an intensive 1 on 1 version of the 3 Ducks all performed via Skype or phone 25/11/ · This strategy rests on the basis of a forex indicator, which is available in any terminal MT4 - 60 -day SMA. The Stable Forex strategy "3 ducks" requires a number of conditions to be me. A trader can open the order in the right direction provided that all three ducks are used. The first duck. The first blogger.comted Reading Time: 3 mins 08/07/ · Important: If the current price was to be above the 60 sma on this chart we could not move on to step 3. Step 3 – Third Duck From step 1 and 2, current prices need to be below their 60 sma’s on each chart. We are now on the 5 min chart and we are looking to sell when price crosses below the 60 sma
“3 ducks” - a stable Forex strategy - blogger.com: Forex traders portal
Here is a nice little trading system method I came across a while back on one of the many trading forums. It has 3 easy to follow steps, clear chart examples and only requires a basic chart with the option of 3 time frames and a moving average. Nice and simple in my opinion, 3 little duck forex. If anyone has any comments to add here feel free to do so.
The system is fairly straight forward and easy to use. Like a lot of trading systems it will be more productive when prices are moving in one direction and not stuck in a tight trading range. One of the nice things about this system is it will quickly tell you if prices are in an up or down swing phase and stop you from guessing!
It will also allow you to 3 little duck forex to be a bull or a bear and trade in the direction of that trend. There are 3 charts involved in this system: a 4hr chart, a 1hr chart and a 5min chart. There is 1 indicator, 3 little duck forex, a 60 period simple moving average 60 sma plotted on each chart. There you go, its that simple. How it works: Step 1 — First Duck The first thing we need to do is look at our largest time-frame 4hr chart and see if current prices are above or below the 60 sma.
From this chart we can see that current price is below the 60 sma, 3 little duck forex. This tells us that we maybe looking to sell. Step 2 - Second Duck The second thing we need to do is drop down to our 1hr chart. We need to see the current price below the 60 sma on this chart also, this gives us confirmation. Important: If the current price was to be above the 60 sma on this chart we could not move on to step 3. We are now on the 5 min chart and we are looking to sell when price crosses below the 60 sma.
For extra confirmation we should let prices break the last low on the 5 min chart. This would mean that prices will be below their 60 sma on all 3 time-frames, therefore all 3 Ducks are lined up in the same direction.
Stop-Losses: This is where you can make this system your own. If you are a short term trader you may want to put your stop-loss above the highs on the 5 min or the 1 hr chart. If you are more of a positional trader you may wish to put your stop-loss above a high on the 4 hr chart. You could also use a fixed stop-loss, 3 little duck forex, maybe pips or more from entry.
It all depends what type of a trader you are, so you decide! If you are a longer term trader or investor, this system can help you get a good entry point into the market. But if you are a longer term trader this may not be a big deal for you. Targets: Same again, depends what type of a trader you are but target can be support or resistance levels. I like this system a lot as it does not try to out-guess the markets movements and pick tops and bottoms.
The system will quickly tell you to be a buyer or a seller. Its a good honest system that tries to follow prices. The best time I found for trading this system is the European and US sessions. I lke to use this system as a guide in addition to my own market knowledge. Take care to watch what is going on around you — 3 little duck forex new releases, holidays etc. Captain Currency. Thanks for sharing. You just kill me with the simplicity of the method. The Charts looks so clean, So beautiful.
I have come across many trading systems during my forex career, some good, some not so but this is one method which if used properly does bring in consistent profits. Every serious trader should include this in their trading arsenal. the system when used with discipline will bring in consistent profits,cos trading in direction of the long trend is the best forex strategy, 3 little duck forex.
Fill out the form below to signup to our newsletter and we'll drop you a line when new Indicators and Expert Advisors are added. And you can be sure to know you'll be the first to know when we 3 little duck forex done a review of a new trading system. Please not we do not accept articles for marketing purposes and any trading concepts must be unique. The first thing we need to do is look at our largest time-frame 4hr chart and see if current prices are above or below the 60 sma.
3 little duck forex second thing we need to do is drop down to our 1hr chart.
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28/02/ · 3 Little Ducks Forex. Andy Perry aka Captain Currency Cost: The 3 Ducks is a free Forex trading strategy provided by Andy Perry who has been successfully trading his own funds in the Currency markets since We reviewed the original 3 Ducks free eBook back in In after requests from users around the world Andy formalised an intensive 1 on 1 version of the 3 Ducks all performed via Skype or phone 25/11/ · This strategy rests on the basis of a forex indicator, which is available in any terminal MT4 - 60 -day SMA. The Stable Forex strategy "3 ducks" requires a number of conditions to be me. A trader can open the order in the right direction provided that all three ducks are used. The first duck. The first blogger.comted Reading Time: 3 mins 08/07/ · Important: If the current price was to be above the 60 sma on this chart we could not move on to step 3. Step 3 – Third Duck From step 1 and 2, current prices need to be below their 60 sma’s on each chart. We are now on the 5 min chart and we are looking to sell when price crosses below the 60 sma
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