Good day The Koala System users!

This week brought us many challenges.

Patience and discipline of our trading system tested from all sides!

A mixed of both positive and negative developments happened during the week resulting in a rather volatile trading environment. You can read the latest EUR/USD Weekly Review for more details.

Long time users will know that The Koala System does not like a volatile EUR/USD. We remained within red zones for most of the week.

3 opportunities ( black circles ) were identified. However due to the volatility, harvest size was about 50 pips for all. The 200 EMA performed its role and served as a warning for possible support and resistance.

Notice the 2 red circles? These were failed opportunities. Although the 3 koalas were parallel and the price action did not touch the blue koala, the currency pair turned against the trade soon after, typical of rough price action. This is why i always urge all users to

Practice proper money management
Plan trades carefully
Shift stop loss to cover some profit as soon as possible. It is always better to harvest a little than to lose your full stop loss.

The week ahead may bring us more volatility as numerous economic releases are due including the US Non-Farm Payroll. To get a heads up, read the latest EUR/USD Weekly Review.

Trade safely and i’ll see you next week.

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The Koala System Forex Review 22 Feb – 26 Feb 10

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