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The Koala System Forex Weekly Review 15 Feb – 19 Feb 10

Good day.

Welcome to another weekly review of The Koala System.

This week brought us quite a number of events.

The EUR/USD did almost a 400 range and traders caught on the wrong side of the fence suffered.

We know that The Koala System warns us when the waters are rough and we should not trade then. It is this precise feature that tested our patience this week.

Early week, optimism regarding the Eurozone brought the EUR/USD up towards 1.3800. Although the entire period right up to mid week was a no trade zone, i did have an opportunity circled inside. This opportunity appeared to be a risky one as it was near the 200 EMA. Looking at hindsight, a 50 pips take profit was possible but as mentioned it belongs to the risky category and i am not fond of such.

Come midweek, The Koala System rewarded our patience with a great opportunity. If you used a trailing stop instead of a standard 50 take profit, a harvest of 200 pips was possible! Momentum was strong and it sliced through the 200EMA.

Unfortunately, that was the last opportunity for the week. Price action in the second half of the week was choppy and the U pattern towards the last day probably wiped some accounts.

Remember koalas, patience comes along with The Koala System. Plan your trades well and practice proper money management. Read the latest EUR/USD Weekly Review for an outlook of the up coming week.

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