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The Koala System Forex Weekly Review 18 Jan 10 – 22 Jan 10

Greetings!

Let us take a look what The Koala System brought us during the past week.

Looking at the overview of the M15, only the second and third day brought us suitable momentum for an entry. While i saw many mini opportunities throughout the days to harvest, these would be rather risky and hence it is my opinion not to take the chances.

The Koala System managed to identify days of no trade zones and it is critical that we not trade. Price action in the red zones were either too fast, presenting a risk of an opposite spike or were ranging tightly. We need to remember that the system is not a scalping system and hence a few trades in a week is normal.

The 200EMA served us well this week as it acted as a resistance in more than one instance. Just be careful that resistance and support lines are never a single pip.

I do have folks asking me if The Koala System has lost it’s edge recently. On the contrary, The Koala System is working perfectly as intended as recent days proved to be rather challenging for Forex trading with the apprehension and risk aversion. The Koala System indicated no trading for most of the time and i think it is a wise decision.

Read up on the latest EUR/USD Weekly Review for an outlook of the possible trading conditions for next week.

Trade safely.

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