3 ducks forex method

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. 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 decide to be a bull or a bear and trade in the direction of that trend.

There are 3 charts involved in this system: There is 1 indicator, a 60 period simple moving average 60 sma plotted on each chart. There you go, its that simple. 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. This tells us that we maybe looking to sell.

“3 Ducks” Forex Strategy « Forex Strategies

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. 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.

Systems For Traders | 3 Ducks 1 On 1 Training Course Review – Captain Currency

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. 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 cattle stock market prices 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 3 ducks forex method a fixed stop-loss, 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 exchange rates rand to malawi kwacha today 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.

The 3 Ducks Trading System | Great Trading Systems

Same again, depends what type of a trader you are but target can be support or resistance credentialing specialist jobs from home. 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.

Shoot the 3 Ducks Trading method - Trading Systems - MQL5 programming forum

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 — economic new releases, holidays etc.

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.

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