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The Koala System Forex Weekly Review 01 Feb – 05 Feb 10

Good day!

Hope you are having a wonderful weekend 🙂

The Koala System had a great week! The signals were clear.

While much patience is required with the no trading zone for the first half of the week, Koala users received a wonderful harvest when two opportunities presented mid week. These were clear signals as the koalas were apart and the price action didn’t test the blue koala. A full harvest of 50 pips was possible. If you let the trade ran with a trailing stop loss, 200 pips might be up for grabs. This was due mainly to the risk aversion and you can read more about it in the EUR/USD Weekly Review.

The week ended with the main event, margin call Friday! The US Non-Farm Payroll. A user told me that he suffered a loss as he traded just a mere hour before the NFP. Folks do note that NFPs can have far reaching effects as you can see in the spikes of the no trade zone i boxed above. I usually stay out of margin call Fridays! View my latest NFP report to see the crazy action.

The 200 EMA is doing good after it’s graduation from Koala Labs. I have circled in red areas where the price interacted with it. The 200 EMA will continue to serve as a possible indication of resistance and support lines.

I hope you have a great week ahead and do remember that patience and proper money management come in a package together with The Koala System.

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