These aren’t purist ideals I’m talking about here, but the very basis for why fewer than 2% who start out wanting to trade end up being able to do so. What perturbs me is the general lack of a basic understanding of how the tools people are using and constructed and the associated failure to comprehend what they mean and how to use them. Its nice to keep the 4 hr charts open with the multiple 60 moving averages for a screen and then drop down to the lower time frames on pairs that "THE DUCKS WOULD FAVOR", as taught by CC.Ĭlick to expand.If you can work with ‘a bit off’ and ‘close enough’, why not? I’d argue the case for discretionary elements of trade management being far more significant than anything you can systemize or codify in any event. I would appreciate your input or anyone that can advise a method to keep the charts clean and this method simple as taught here by CC. I am a trader not a indicator/coder person. If you do, take a look and see if it makes sense from that prospective and let me know what you think. Checking it against the Data Window appeared off a bit but also on another computer and different mt4 platform but probably close enough to decide to drop down a time frame and take a look. I think this indi was coded to be used on a 4hr chart only to detect pairs at a glance that are below/above the 3 mas (3 Ducks) worth going to the next lower time frames for possible trades. Updated: Pieter, I installed the 3 Ducks indicator on a 4 hr chart and compared it to the same pair on a 5 m and a 1 hr chart and the 3 mas on the 4hr are the same. Good trading to you all for the week ahead, Friday we've got Non Farm Payrolls out of the US. Thursday the 6th we've got interest rate statements out of England (BoE) and the Eurozone (ECB).ģ. Tuesday the 4th we've got an interest rate statement out of Australia (RBA).Ģ. If you need to trade next week then do it very carefully!ġ. Next week (3 - 7 Feb) is a busy week, lots of news knocking about and lots of trend traders waiting to see what happens. I do not accept liability for any loss or damage, including without limitation to any loss of profit which may arise directly or indirectly from use or reliance on such information.įor the week ahead, (3 - 7 Feb) it looks like our Ducks would favor: The 3 Ducks Trading System is best used as a set of guidelines with discretion in addition with your own market analysis and trading ideas. Hope you can grab 1 or 2 winning trades next week Duck Hunters! Tip: next week we got an FOMC interest rate statement on our radar so trade your 3 Ducks carefully around the US Dollar pairs next Wednesday the 29th. For the week ahead, (27 - 31 Jan) it looks like our Ducks would favor:
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