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The Koala System Forex Review 1 Mar – 5 Mar 10

Hello fellow users of The Koala System.

Hope you are having a great weekend so far.

This week was a choppy one as the EUR/USD continues to range between 1.34 – 1.38. The US Non Farm Payroll at the end of the week also contributed to the volatility.

Red no trading zones plagued the week as the price action whipsaws.

The 200 EMA continued to serve it’s purpose as a warning to potential support and resistance levels.

While The Koala System is an all weather forex system, it performs best during trending situations. With the concerns over Greece and the Euro Zone triggering spiky reactions throughout the week, patience was stretched to the limit.

The Koala System did yield 3 opportunities this week. Having said so, these were not spectacular and barely reach 50 pips.

In view of the recent market conditions, lowering the take profit value to 30pips may yield better results.

Take safely and remember to practice proper money management.

Do read the latest EUR/USD Weekly Review for a heads up of the upcoming week.

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