We also believe this to be a fair synopsis.

Hi folks
I did Andy's 1 : 1 last week. I have to say that Andy as a teacher is absolutely brilliant. He has a gift of putting it over in such an easy to understand way. He made it clear and understandable and focused on the important factors, taking out the noise and red herrings which we can find in trading. He clarified the point that part of it is the trader and part is the system. You have to make it your own within a set of guidelines. His system is not a robot. This is one of the main points which has given me a boost of confidence. I know WHY I should or should not be taking a trade, in general terms. I then know WHY I should be trading at particular levels. I now have a logical system of trading 3 Ducks. Andy reiterated the point that not all trades will win, but over time the winners should outnumber the losers, and therefore success may be expected. My trading system will be different to someone else's but we will still be trading within the correct set of guidelines with our own reward risk ratio. Andy also has a goodwill membership into the 3 Ducks Trading Room, after completion of his 1 : 1. This is of huge benefit. He also provides two weekly updates with his views on each major pair and we can compare our assessments with his, in order to gain even more confidence. I looked at 3 Ducks some time ago, and felt that it was extremely good but that I should like to take it to the next level. The 1 : 1 course is the missing link! I'm delighted to have taken the course and feel that Andy is a person who wants you to do well and is keen to ensure your understanding so that you may apply his system successfully. The system is easy--you just have to tweak it to suit your own risk reward ratios. You take responsibility for your trading--just the same as with any other system, but with confident knowledge that even if the trade does go against you, then you couldn't have done more than you did to get it right. You are more likely to win than lose, if you follow the guidelines which are based on sensible and logical reasoning. It is likely, I feel, that on completion of the 1 : 1 you will have a surge of enthusiasm for trading. There is a link available for satisfied customers to buy Andy a Guinness..a link that should be well and truly used by now, and deservedly so.

Have you seen the price of a Guinness in Dublin these days !!!!

Good morning Traders,

Thought for Today;
When things line up a good system gives you entries that have a higher probability of success but more importantly lets you know when things don't line up and when to sit on your hands.

Below is my mid-week “Simple Market Scan” using The 3 Ducks Trading System and my preference for the next few days.

January 18th 2012

Eur.Usd – current spot price is 1.2831, I would still prefer to be looking for selling opportunities if/when my 3 ducks line up. A break and close below the 1.2700 area is needed first for the bears to get control back.

Gbp.Usd – current spot price is 1.5362, I would prefer to be looking for selling opportunities when my 3 ducks line up. A break and close below the 1.5320 area is needed for the bears.

Eur.Gbp – current spot price is 0.8347, the Eur is slightly stronger than the Gbp at the moment and I would be sitting on my hands with this pair for the moment.

Usd.Chf – current spot price is 0.9426, A bit of a sell off over the last 2 day but I would still prefer to be looking for buying opportunities if/when my 3 ducks line up. A break and hold below the 0.9400 area would get me neutral on this pair.

Aud.Usd – current spot price is 1.0412, Same as last week, I would prefer to be looking for buying opportunities when my 3 ducks line up.

Usd.Cad – current spot price is 1.0152, Another pair I would be sitting on my hands with for the moment.

Usd.Jpy – current spot price is 76.76, Fairly sideways for the last few days but I would prefer to be looking for selling opportunities when my 3 ducks line up. A break and close below the 76.55 area is needed for the bears to get control back.

Eur.Jpy – current spot price is 98.33, I would be looking for selling opportunities when my 3 ducks line up.


Hope that helps you.

Until next time, Keep it Simple

Andy


FREE EBOOK "The 3 Duck's Trading System"
email: captaincurrency@eircom.net
Subject line: ebook SFT

The Advanced 3 Ducks 1 on 1 Training Course
For more details email: captaincurrency@eircom.net
Subject line: 1on1 SFT




These are not trade recommendations. 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. 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 of or reliance on such information.

Hi All Good point from Andy re sitting on hands etc. I bought AUDUSD this morning as prices had broken through 1.0404 retraced and gone up again..Unfortunately now stopped out, but the set up seemed correct to me. This is where the choice of stop loss comes in, I suppose. My choice was 30..to give breathing space but not to give a full 50 pips back if price did go down. If it broke 30, then it would likely break 50...that was my thinking. Perhaps a 50 stop would have been better, as it wouldn't have been stopped out. More experience required on my part!Back to sitting on hands for now.

Hello Duck Hunters,

Thought for Today;
Logic and simplicity, possibly the two things most traders lack are the very things The 3 Duck’s Trading System offers on a plate.


A change in sentiment (bearish to bullish, bullish to bearish and neutral to bullish) on some currency pairs since last week which is probably the kick the market needed.
bull v bear.jpg

Below is my mid-week “Simple Market Scan” using The 3 Ducks Trading System and my preference for the next few days.

January 25th 2012

Eur.Usd – current spot price is 1.2991, could be looking for buying opportunities if/when your 3 ducks line up.

Gbp.Usd – current spot price is 1.5580, could be looking for buying opportunities if/when your 3 ducks line up.

Eur.Gbp – current spot price is 0.8335, the Eur is slightly stronger than the Gbp at the moment and you could be looking for buying opportunities if/when your 3 ducks line up.

Usd.Chf – current spot price is 0.9308, could be looking for selling opportunities if/when your 3 ducks line up. A break below the 0.9268 area is needed first for the bears to get control back.

Aud.Usd – current spot price is 1.0478, same as last week and steadily up over the last few days, could be looking for buying opportunities if/when your 3 ducks line up.

Usd.Cad – current spot price is 1.0132, I would be sitting on my hands with this pair for the moment.

Usd.Jpy – current spot price is 78.11 and getting some bullish movement lately, could be looking for buying opportunities if/when your 3 ducks line up.

Eur.Jpy – current spot price is 101.43 and more bullish movement on this pair too, could be looking for buying opportunities if/when your 3 ducks line up.


Hope that helps you.

Until next time, Keep it Simple

Andy


FREE EBOOK "The 3 Duck's Trading System"
email: captaincurrency@eircom.net
Subject: ebook SFT

The Advanced 3 Ducks 1 on 1 Training Course
For more details email: captaincurrency@eircom.net
Subject 1on1 SFT






These are not trade recommendations. 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. 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 of or reliance on such information.

Good morning traders,

New month:
A fresh trading month is here again and the start of every month gives us the opportunity to clear the slate and try to trade well and get a positive month.

Goal:
My goal every month is to try and make very few mistakes been disiplined, patient, using good judgement, not forcing a trade or forcing myself, looking and trading logically rather than emotionally, relaxing and taking my time in the market etc. You will be a much better trader if you can do these things.

You need a scalpel not an axe to trade;
Successful trading for me is about making the least amount of mistakes and playing for position.

axe trader.jpg


Keep it simple,

Andy.



FREE EBOOK "The 3 Duck's Trading System"
email: captaincurrency@eircom.net Subject: ebook SFT

The 3 Ducks 1 on 1 Training Course
For more details email: captaincurrency@eircom.net
Subject 1on1 SFT

Hello Duck Hunters,

Mind yourself with the EUR and GBP pairs because there will be a rate statement out from the ECB and the BoE this Thursday.


Thought for Today;
Your discipline and patience are going to be tested daily as a pro trader. Be aware of this side of trading, manage yourself and separate yourself from the armature trader. A small bit of patience and discipline can be worth more than lots of brains.


Below is my mid-week “Simple Market Scan” using The 3 Ducks Trading System and my preference for the next few days.

February 8th 2012

Eur.Usd – current spot price is 1.3274, I would be looking for buying opportunities when my 3 ducks line up.

Gbp.Usd – current spot price is 1.5917, I would be looking for buying opportunities when my 3 ducks line up.

Eur.Gbp – current spot price is 0.8340, the Eur and the Gbp are currently about the same strength so neither currency has a real advantage over the other at the moment. I would be sitting on my hands at the moment.

Usd.Chf – current spot price is 0.9133, I would be looking for selling opportunities when my 3 ducks line up.

Aud.Usd – current spot price is 1.0835, I would be looking for buying opportunities when my 3 ducks line up.

Usd.Cad – current spot price is 0.9943, I would be looking for selling opportunities when my 3 ducks line up.

Usd.Jpy – current spot price is 77.05, not a lot of action on this pair over the last couple of months so a safe bet would be to sit on your hands until your ducks look happier.

Eur.Jpy – current spot price is 102.24, I would be looking for buying opportunities when my 3 ducks line up.


Hope that helps you.

Until next time, Keep it Simple
Andy




FREE EBOOK "The 3 Duck's Trading System"
email: captaincurrency@eircom.net Subject: ebook SFT

The 3 Ducks 1 on 1 Training Course
For more details email: captaincurrency@eircom.net
Subject 1on1 SFT





These are not trade recommendations. The 3 Ducks Trading System is best used as a set of guidelines with discretion in addition with your own judgement, market analysis and trading ideas. 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 of or reliance on such information.

Hello Duck Hunters,

Nothing really happening on a lot of the major pair recently and the only two pairs that look decent are the JPY pairs.

Be careful during these market conditions as past winning pips could be easily parted with.

Usd.Jpy – current spot price is 80.15, I would be looking for buying opportunities when my 3 ducks line up.

Eur.Jpy – current spot price is 106.02, I would be looking for buying opportunities when my 3 ducks line up.


Thought for Today: A great trader gets very little praise.

1) If a trader has 5 winning trades in a row it was probably because the current market conditions are in-tune with their method. (Thanks market, thanks method)

2) If a trader has a losing trade it was probably because the current market conditions suited their method but the probabilities on this trade didn’t follow through. (Unlucky that time method, we know it’s all about probabilities with you)

3) If a trader has 5 losing trades in a row it was probably because the current market conditions are not in-tune with their method, but they were impatient and continued to trade. (Bad Trader)

4) If a trader sits on their hand when the market conditions are not in-tune with their method they get a little praise. (Well done Trader)

Now you have a good reason to sit on your hands…



Chat soon,

Andy



FREE EBOOK "The 3 Duck's Trading System"
email: captaincurrency@eircom.net
Subject line: ebook SFT

The Advanced 3 Ducks 1 on 1 Training Course
For more details email: captaincurrency@eircom.net
Subject line: 1on1 SFT




These are not trade recommendations. 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. 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 of or reliance on such information.

Hi All,
I just want to give my opinion on Andy's Advanced coaching which i took yesterday 21-02-2012.
I was very impressed with his knowledge base and also how he makes the system simple for you to understand and use.Just reading the e-book give you a basic foundation on the system but need the coaching to make the system yours and also become a consistent profitable trader
I would highly recommend Andy if you want to become a profitable trader.
The set and forget system is idea for me as i have other thing to do at the moment during the day.