Good day forex traders.
It is time to take a look at the potential performance of The Koala System for the past week.
In the last review, i mentioned about the new 30 pips take profit value. While it may result in higher chances of success, it may also result in more stop loss being hit. The reason is because the maximum stop loss we can set is probably 30 pips to maintain a minimal win loss ratio of 1:1.
Looking at the EUR/USD chart above, we see no trade zones for most of the week. The Koala System is a trend trader. Shaky unstable market conditions are not conducive for it. The continued sentiment break down of the Euro Zone brought many knee jerk reactions.
Having said so, this is where the 30 take profit value shines. As 30 is relatively small, this is akin to a precision strike! Enter, harvest the pips and bail out. However as i mentioned, the stop loss is equally small and hence you must be patient and wait for good entries. Otherwise the market will harvest you!
For folks just joining us, you can view The Koala System rules here. Once again, the 200 EMA is an usual addition, often showing the areas of support and resistance.
A long time user of The Koala System mentioned to me that he uses The Koala System as a confirmation that he is not going against the trend when he is trading. At the end of the day, as long as The Koala System helps you one way or another, i am glad 🙂 We are here to learn forex together and hence i welcome ALL suggestions 🙂
With the market now in a critical stage ( you can read the EUR/USD Daily / Weekly Reviews ), it is important that you practice proper money management.
Trade safely and i’ll see you next week!