Good day fellow users of The Koala System.
I hope you had a fruitful week.
In the previous review, we noted that the patience of users were tested as we had only one standard opportunity. While there were two more risky opportunities to be squeezed, i mentioned that this is not the preferred way to use The Koala System. The market now is in a rather challenging period and the low rate of success is probably not isolated with The Koala System only.
This week brought us two standard opportunities.
During the early part of the week, price action was slow and weak. The Koala System served us well, displaying signs of no trading. ( Flipping koalas and price cutting through the koalas ) During such slow trading sessions, the price can go either way and hence staying out will be a wise choice. The majority of the market was probably concerned about the meeting of the officials of Greece, the European Commission, ECB and IMF.
While there were two risky opportunities ( Triangle ) to be attempted, my opinion remains that it is not advisable unless you are employing strict proper money management and a seasoned trader.
Towards the end of the week, concerns regarding the Greek deficit crisis grew so strong that the EUR/USD went as low as 1.32 +/-. This was probably due to risk aversion. Prior to that move, falling sentiments gave us the first standard opportunity. ( Circle )
Worried of having unsustainable borrowing costs, Greece requested for a bail out towards the end of the week and that improved sentiments. The train up gave us the second standard opportunity.
Despite challenging conditions, The Koala System served us well. Stay true to it and you will find success. Remember forex is for the long run.
Trade safely and i will see you soon 🙂