I hope this helps you.

Eur.Gbp gave us a nice "set and forget" 20 pip stop-loss, 40 pip reward trade set-up yesterday (chart attached)

Here Is An Idea Of My Current View On Some Currency Pairs Using The 3 Ducks Trading System.

December 14th 2011 at approx 11am Dublin Time;

Eur.Usd – current spot price is 1.3035, I would be looking for selling opportunities when my 3 ducks line up.

Gbp.Usd – current spot price is 1.5502, I would be looking for selling opportunities when my 3 ducks line up.

Eur.Gbp – current spot price is 0.8407, the GBP is stronger than the Euro at the moment and I would be looking for selling opportunities when my 3 ducks line up.

Usd.Chf – current spot price is 0.9461, I would be looking for buying opportunities when my 3 ducks line up.

Aud.Usd – current spot price is 1.0011, neutral on this pair at the moment. A break and hold below the 0.9980 level would help get me bearish on this pair.

Usd.Cad – current spot price is 1.0341, neutral on this pair at the moment. A break and hold above the 1.0400 level would help get me bullish on this pair.

Usd.Jpy – current spot price is 78.00, neutral on this pair at the moment.

Eur.Jpy – current spot price is 101.57, I would be looking for selling opportunities when my 3 ducks line up.

Hope that helps you.

Keep it Simple,
Andy


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

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Subject 1on1 SFT



These are not trade recommendations. The 3 Duck’s Trading System is best used as a set of guidelines with discretion in addition with your own market analysis and trading ideas.

"It's beginning to look a lot like, Chri…..

When I was growing up, they called it Christmas. Now, in order to offend no one, they call it nothing.

Happy Holidays Duck Hunters and I hope 2012 brings you plenty of pips.


Wise Men, Wise Words “Your Patience’s With The Market”
The Fx market may be quiet during holiday times so your patience’s with the market could be required.

“Wisdom”
Your Ducks may line up this week but a better trader will know that their Ducks will work best when there is good liquidity out there in the market.


Below Is An Idea of My Current View on Some Currency Pairs Using The 3 Ducks Trading System.

December 21th 2011 at approx 8am Dublin Time:

Eur.Usd – current spot price is 1.3120, I would be looking for selling opportunities when my 3 ducks line up. Price needs to get back below the 1.3000 area first.

Gbp.Usd – current spot price is 1.5713, neutral on this pair at the moment.

Eur.Gbp – current spot price is 0.8352, same as last week, the GBP is stronger than the Euro at the moment and I would be looking for selling opportunities when my 3 ducks line up.

Usd.Chf – current spot price is 0.9278, neutral on this pair at the moment.

Aud.Usd – current spot price is 1.0194, the bullish movement in the last 2 days has bucked the recent down swing so I’m neutral on this pair at the moment.

Usd.Cad – current spot price is 1.0239, the bearish movement in the last 2 days has bucked the recent up swing so I’m neutral on this pair at the moment.

Usd.Jpy – current spot price is 77.73, neutral on this pair at the moment. This pair has been going sideways for the last 4 weeks so boring for a trend trader!

Eur.Jpy – current spot price is 101.98, I would be looking for selling opportunities when my 3 ducks line up. A break below the 101.60 area is needed first.


Hope that helps you.

Until next time Buddy, 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 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.

Hello Duck Hunters,

Last 3 Ducks trade for 2011.

Selling Eur.Gbp with a 20 pip stop-loss and a 40 pip take profit (hit) chart attached.

See you all in 2012.

3 Ducks ebook;
If anybody is interested in doing a small bit of reading over the holidays you can pick up a free copy of The 3 Duck's Trading System ebook on The Captain Currency blog.

Andy




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

A quick question before we start trading in 2012...

Question
Might you be a bit of a “Dabbling Duck”?

Dabbler
Let me just explain what a Dabbler is; a “dabbler” is someone who engages in an activity such as trading superficially or without serious intent.

Hold on, don't answer just yet.

Therefore a “Dabbling Duck” might be a trader who;

1) Looks at the 3 Ducks Method every now and again without any real plan or serious intent to trade with it.

2) A “Dabbling Duck” might be a trader who looks at their charts hours after the 3 Ducks lined up and say something like “I cudda had that one”.

3) A “Dabbling Duck” might be a trader who is lacking a clear plan and approach to their trading at the moment.


Do ya reckon ya might be a bit of a Dabbling Duck? I wont tell another person.


The opposite to a “Dabbling Duck” might be a “Diving Duck”

A “Diving Duck” might be a trader who is

1) Fully committed to trading with the 3 Ducks and has a clear plan and approach to their trading.

2) A “Diving Duck” might be a trader who fully understands what the 3 Ducks are trying to achieve and knows that the 3 Ducks are putting the probabilities in their favor.


Good trading to you in 2012,

Andy


2012.jpg

Hello traders,

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

January 11th 2012

Eur.Usd – current spot price is 1.2761, I would prefer to be looking for selling opportunities when my 3 ducks line up. A break and close above the 1.2820 area would get me neutral on this pair.

Gbp.Usd – current spot price is 1.5433, I would prefer to be looking for selling opportunities when my 3 ducks line up.

Eur.Gbp – current spot price is 0.8267, the GBP has been stronger than the Euro recently and I would prefer to be looking for selling opportunities when my 3 ducks line up. A break and hold below the 0.8240 area is needed for the bears.

Usd.Chf – current spot price is 0.9508, I would prefer to be looking for buying opportunities when my 3 ducks line up. A break and hold above the 0.9525 area is needed for the bulls.

Aud.Usd – current spot price is 1.0307, I would prefer to be looking for buying opportunities when my 3 ducks line up.

Usd.Cad – current spot price is 1.0152, Volatility can be our friend and our foe and too much is not a good thing so neutral on this pair at the moment.

Usd.Jpy – current spot price is 76.97, I would prefer to be looking for selling opportunities when my 3 ducks line up.

Eur.Jpy – current spot price is 98.20, I would be looking for selling opportunities when my 3 ducks line up. A break and hold below the 97.92 area is needed for the bears.


Hope that helps you.

Until next time, Keep it Simple


Andy



Thought for Today;
Some traders talk about wanting to make consistent money in the market. How about a consistent approach first?


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.

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.

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 Hunter,

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.