Remember i mentioned that the EUR/USD seems to be trying to climb back to the daily channel but i am more short biased? It seems that it indeed failed and the former support is now resistance. Interesting to note that under the Koala System, daily is starting to become flat. […]
24 Hours later, we are back at almost the same price levels. 1.4000+ Everyone repeat after me, R A N G I N G market. On the other note, it is hovering around the lower trend line of the daily. My bet is the former support is now functioning as […]
Take a look as EUR/USD tries to gain strength to creep back up to its channel on the daily. I am more biased towards short as the S & P is not doing so well and these days these 2 go almost hand in hand. If so, the channel line […]
Have you heard of NFP or Non Farm Payroll whispered among forex forums? About how caution should be employed as it is coming? This IS a good advise. I won’t explain myself what NFP is as Investopedia has a good explanation of it which i quote here “ What Does […]
This week is not a fantastic week for the Koala System, however if you followed true to the pip, it should be a mildly gain week 1) Start of the week is good. Following the parallel, a net of a few tens of pips should be there 2) Looking at […]
Find below an example of a no trade situation. The day in context was a major bank holiday. Trades can go either way due to low volume. Hence the Koala is right … when in doubt, stay out !