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The Koala System Forex Weekly Review 08 Feb – 12 Feb 10

Good day Koala users!

This week brought us a rather challenging week.

We have numerous red zones due to frequent flipping of the koalas direction. This is possibly due to the various economic releases and apprehension that plagued the week.

3 opportunities presented themselves this week but two of them fringed along the 200 EMA. Therefore it would be considered a risky trade as 200 EMA is an indication of possible resistance and support.

Eventually the week ended almost flat. As we alternate between periods of risk taking and risk aversion sentiments due to the various developments in the global economy, it is crucial that we plan our trades well and not let the whip saws chip away at our account. I mentioned previously that if you prefer to trade frequently, you may have to reduce your take profit expectations as full 50 pips harvests do not happen on a regular basis. The Koala System is about patience and having only a few good opportunities per week is common.

Many folks also forget that The Koala System has two purposes. To indicate possible trends and to warn of danger zones. To achieve success with this system, it is important that one trades only when an opportunity surfaces and to stay out of the market when the condition is dangerous. Proper money management must be practiced.

Trade safely and all the best for this week!

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