The system will help you identify forex opportunities in the direction of the last uptrend and selling opportunities in the direction of the last downtrend. There are three ducks, the first duck will help you to identify the last up or down trend, the second duck helps to confirm the direction of the trend and the third duck will help to identify buying or selling opportunity in the direction of the trend. This system involves using three different timeframe, a 4 hour chart first ducka 1 hour chart second duck and a 5 min. Forex 60 period simple moving average is applied to all three timeframes. 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 above the 60 sma. This tells us that we maybe looking to buy. The second thing we need to do is drop down to our 1hr chart. We need to see the current price above the 60 sma on this chart also, this gives us confirmation. If the current price was to be below the 60 sma on this chart we could not move on forex step 3. From step 1 and 2, current prices need to be above their 60 sma's on each chart. We are now on the 5 min chart and we are looking to buy when price crosses above the 60 sma. For extra confirmation we should let prices break the last high on the 5 min chart. This would mean that prices will be above their 60 sma on all 3 time-frames, therefore all 3 Ducks are lined up in the same direction. This is indicator you can make this system your own. If you are a short term trader you may want to put your stop-loss below the lows on the 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 low on the 4 hr chart. You could also use 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 help you get a ducks entry point into the market. Another "trick" that may help you preserve capital, if forex do buy and prices ducks back below the 5 min 60 sma by 10 pips not a good sign you may want to cut your losses short before your stop-loss. But if you are a longer term trader this may not be a big deal for you. 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. The best time I found for trading this system is the European and US sessions. I like to use this system as a guide in addition ducks my own indicator knowledge. Take care to watch what is going on around you - economic new releases, holidays etc. Good Luck with the 3 Duck's Trading System. To get your free copy of the ebook, Email: Share your opinion, can help everyone to understand the forex strategy. Trend following Forex Strategies. Write a comment Comments: Trend following Forex Strategies System - Forex Strategies - Indicator Resources - Forex About Privacy Policy Sitemap VAT Ducks website uses cookies. Cookies indicator the user experience and help make this website better.
Child mortality in the eighteenth century was such that no child had realistic expectations of surviving his first five years.
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