URL : 3 Ducks Trading System Web-Site
Cost : FREE
Author : Andy Perry (Captain Currency)
Review Date : July 2009

WHAT IT SAYS ON THE WEBSITE

Not very often we review a FREE system/service as the main aim of the site is to try and provide an honest review of systems/services so others can get an independent opinion before parting with their hard earned cash. And, obviously, so those who have exposure to the systems/services can also add value from their own personal experiences.

However, in this case we stumbled across, what we consider, a bit of a gem. We have included a review as we believe its an excellent starting point/building block for those new to trading, and it's completely free.

There are no "wild" claims on this website (or in the ebook). The site simply offers up the following; the ebook will "let you know exactly how to trade the system", it includes "a few tips and tricks I use" and it will "help you improve your own trading".

The ebook is available as a download on the website or by sending an email to the author.

THE PURCHASE

Not applicable, download is free.

THE MATERIAL

Firstly it is worth mentioning that this is not a trading "system", it is more a set of guidelines that can be used to improve your trading and, in our opinion, a pretty sound set of guidelines at that. We liken it to the Multiple Time Frame (MTF) philosophy a lot of us came across in our early days in the excellent book written by Marcel Link, High Probability Trading.

The 25 page manual is well written and clear. It provides sufficient information on setting up the charts and then goes into detail on Entry criteria.

This "system" uses an MTF approach based on the 4 hour (major trend), 1 hour (confirmation) and 5 minute (for entry) timeframes with one industry standard indicator across the board.

Stops and Exits are also explored in quite some detail as are "what if" scenarios.

THE SYSTEM IN THEORY

Set up is easy and straight forward.

Entries are almost 100% mechanical. There is sufficient detail in the ebook on Stops and Targets including some good examples. However, this ebook makes no hard set rules here, and rightly so. Stops and Targets for this kind of "system" will depend entirely on how or why you adopt the guidelines and therefore depend entirely on your own personal style of trading.

THE SYSTEM IN PRACTICE

As we made clear above, this is not a "system" as such, it is a set of (sound and logical) guidelines. So, we never used the guidelines as a "system". However, we do incorporate some form of MTF analysis and principles into all of our trading and believe the way it has been described in this ebook is better than any we have found to date.

CAN IT WORK

For the reasons described above, not added to our Systems We Trade as, although we adopt these kind of principles across all of our trading, its not a "system", it's a set of guidelines.

On that note, in our opinion this is a very sound set of guidelines that those new to trading would be wise to pay at least some attention to.

SUPPORT

Considering the ebook is free we expected a lengthy wait however, all communication we had with Andy was usually responded to within 24 hours.

CONCLUSION

PRO's
- It's free, the logic is sound and it's a great set of ground rules for those new to trading.
- It's easy to set up and Entry criteria is sound.
CON's
- None really, other than, as we and the author make clear, this is not a "system", it's a set of guidelines.

NOTE: There is a (cheeky) facility to buy Andy a pint of Guinness on his website and at 5 EUR for the free ebook and based on our last visit to Dublin, seems reasonable to us (and, yes we did).


Do remember, if you decide to purchase this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.

ReviewTeam - www.systemsfortraders.com

Works ! I was suprised but the thing worked! KISS at its best.

As systemsfortraders rewiew says this is not a "system", it’s a set of guidelines. Very important point.

I believe that there is some sort of an upgrade with the Captain offering mentoring and some extra goodies to the 'guideline' for mentoring members. Next time he sends an e-mail I will confirm - Mods willing!!

Kolin

Hi,

Thanks for this, we are actually aware of this and at present are trying to schedule in an "Education" forum so once reviewed we have a suitable home for similar offerings.

Thanks though and watch this space - so to speak.

UPDATE: Our review of the "Advanced" 3 Ducks is now available here.


Do remember, if you decide to look into this system, please support us by using our link and by reporting back your findings, both are valuable to us and the service.

ReviewTeam - www.systemsfortraders.com

I've just completed the 1-2-1 with Andy and the Ducks. I have nothing to express but praise for the simplicity, the down to earth learning design with hands on. Ideal for those thousands like me who are plagued with a history of demo accounts gone wrong, too many snake oil sales people, too many schools trying to sell courses and running each other down, too many books, indicators, formulas and so on.

I really recommend this for the simplicity, the friendly 'no ego' guidance and, of course, the cost. Do this first! Don't bother with the rest unless you have enough time and money to travel a long, sometimes troubled learning curve. The delivery was online, flawless and will give you the confidence you need. The bit I really like is the ability to spend less than an hour a day, then leaving it 'till the next day - brilliant.

Cheers!

Gwyn Pritchard
Cyprus

For all the good comments on here... why does Andy not reply to emails... that's not what I call good service!!!

Hello Duck Hunters,

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

Eur.Usd – A good solid 4 hour up trend for the last couple of weeks and I would be looking for buying opportunities when my 3 ducks line up

Gbp.Usd – A break and hold above 1. 6437 is needed to get me bullish and looking for buying opportunities when my 3 ducks line up

Eur.Gbp – Eur is stronger than Gbp at the moment and I would be looking for buying opportunities when my 3 ducks line up

Usd.Chf – Another solid 4 hour down trend and I would be looking for selling opportunities when my 3 ducks line up

Aud.Usd – A bit 50/50 at the moment so I’m on the sidelines with this pair for the moment

Usd.Cad – Another 50/50 currency pair and I’m on the sidelines with this pair for the moment

Usd.Jpy – I would be looking for selling opportunities when my 3 ducks line up

Eur.Jpy – I would be looking for buying opportunities when my 3 ducks line up

Hope that helps you, Keep it Simple, Keep it Logical, Keep Control, Keep Focus!

Best wishes with your trading,
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 Duck’s Trading System is best used as a set of guidelines with discretion in addition with your own market analysis and trading ideas.

Hello Duck Hunters,

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

Eur.Usd – A move below 1.4314 would get me bearish and looking for selling opportunities when my 3 ducks line up.

Gbp.Usd – I would be looking for selling opportunities when my 3 ducks line up.

Eur.Gbp – A break and hold above 0.8884 would get me bullish. A move back below 0.8820 would bearish and looking for selling opportunities when my 3 ducks line up.

Usd.Chf – A break and hold below 0.8400 could see bears back in control and I would be looking for selling opportunities when my 3 ducks line up.

Aud.Usd – Still a bit 50/50 at the moment, 1.0568 needs to be broken to get a bit of downwards momentum going IMO.

Usd.Cad – Another 50/50 currency pair and I’m on the sidelines with this pair for the moment.

Usd.Jpy – Yet again another 50/50 currency pair and I’m on the sidelines with this pair for the moment.

Eur.Jpy – I would prefer to be looking for selling opportunities. A break and hold below 114.78 would get me bearish and looking for selling opportunities when my 3 ducks line up.

Hope that helps you, Keep it Simple, Keep it Logical, Keep Control, Keep Focus!

Best wishes with your trading,
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 Duck’s Trading System is best used as a set of guidelines with discretion in addition with your own market analysis and trading ideas.

Hello Duck Hunters,

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

Eur.Usd – Big sell off over the last few days and I would be looking for the selling opportunities when my 3 ducks line up.

Gbp.Usd – If it gets below the 1.5900 area I would be looking for selling opportunities when my 3 ducks line up.

Eur.Gbp – Gbp is currently stronger than Euro and I would be looking for selling opportunities when my 3 ducks line up.

Usd.Chf – A bit choppy recently on the swing time frames. Looks like the bottom of the range is at 0.8275 and the top of the range is at 0.8550. Any price movement between these two levels is just 50/50 range movement IMO. A break and hold below 0.8275 would get me bearish again on this pair and looking for the selling opportunities when my 3 ducks line up.

Aud.Usd – A break and hold above the 1.0700 area would get me bullish and looking for buying opportunities when my 3 ducks line up.

Usd.Cad – I would be looking for the selling opportunities when my 3 ducks line up.

Usd.Jpy – I would be looking for the selling opportunities when my 3 ducks line up.

Eur.Jpy – I would be looking for the selling opportunities when my 3 ducks line up.


Hope that helps you, Keep it Simple, Keep it Logical, Keep Control, Keep Focus!

Best wishes with your trading,
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 Duck’s Trading System is best used as a set of guidelines with discretion in addition with your own market analysis and trading ideas.

Hello Duck Hunters,

I Hope This Helps You. Here Is My Current View On Some Currency Pairs Using The 3 Ducks Trading System.

Eur.Usd – I would be looking for selling opportunities when my 3 ducks line up. A break and hold above 1.4285 would get me neutral.

Gbp.Usd – Fairly flat and not a pair I have been trading over the last +5 days. A break and hold above 1.6190 would get me bullish and looking for buying opportunities when my 3 ducks line up. A break and hold below 1.6100 would get me bearish and looking for selling opportunities when my 3 ducks line up.

Eur.Gbp – Gbp is currently stronger than Euro and I would be looking for selling opportunities when my 3 ducks line up. The bears need a move back below 0.8755 and this could be a decent place to look for selling opportunities.

Usd.Chf – I would prefer to be a seller. If it gets back below the 0.8163 area I would be looking for selling opportunities when my 3 ducks line up.

Aud.Usd – A bit choppy recently on the swing time frames. Looks like the bottom of the range is at 1.0522 and the top of the range is at 1.0790. A break and hold above 1.0790 would get me bullish again on this pair and looking for the buying opportunities when my 3 ducks line up.

Usd.Cad – I would be looking for the selling opportunities when my 3 ducks line up.

Usd.Jpy – I would be looking for the selling opportunities when my 3 ducks line up.

Eur.Jpy – I would be looking for the selling opportunities when my 3 ducks line up.


Hope that helps you, Keep it Simple, Keep it Logical, Keep Control, Keep Focus!

Best wishes with your trading,
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 Duck’s Trading System is best used as a set of guidelines with discretion in addition with your own market analysis and trading ideas.