The 3 Duck's Trading System

A simple system that will improve you trading.
By Andy Perry Captain Currency
A common sense approach to price observation
Buy when prices are going higher and sell when prices are going lower. In a nutshell this is my
goal when I am trading the forex market. But the above statement of buying when prices are
going higher or selling when prices are going lower may be too broad and therefore it may need
some guidelines and rules, this is where The 3 Duck’s Trading System comes into play. The
system will help you identify buying opportunities in the direction of the last uptrend and selling
opportunities in the direction of the last downtrend. The “ducks” in the title comes from the
saying “to have all your ducks lined up” an expression meaning to have everything in the correct
order. 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 duck), a 1 hour chart
(second duck) and a 5 min. chart (third duck). A 60 period simple moving average is applied to
all three timeframes. That’s what I call keeping it simple!
How it works:....