Good day Koalas.
Hope you are having a great weekend 🙂
Next week saw success for many koala users who patiently waited for the right opportunity. Complications surrounding the Greece deficit crisis and the downgrade of the ratings of Portugal resulted in a bearish momentum and a harvest of 100 pips was possible.
Let us now review what The Koala System did for us this week.
This week was a fruitful one.
A total of 3 standard opportunities were possible and at least one would have been a 100 pips harvest if the proper trailing stop was used. Despite having the EUR/USD ending the week almost flat, this was possible as the currency pair took wide swings. Optimism towards the US economy battled out with the concerns surrounding the Euro Zone crisis.
Nonetheless we must be cautious as spikes were plenty. Planning your trades well is critical.
One special mention i would like to make is with regards to the third standard opportunity on Friday. Friday was the US Non-Farm Payroll day and hence it was a wise choice if you had decided to stay out of it then. Knowing the horrors of NFP, trades on NFP days always carries additional risk. Therefore only consider trades on NFP days if you know what you are doing and is not risking excessively.
Be patient and stay true to the values of The Koala System. Trade Safely.
Head over the EUR/USD Weekly Review for a heads up for the up coming week.
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