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The Koala System Forex Weekly Review 25 Jan 10 – 29 Jan 10

Good day koalas!

While the week had been a bearish one, there were spikes along the way and patient users were rewarded when opportunities surfaced.

The week began relatively quiet. The start of the second day gave us an opportunity to harvest at least 50pips! 🙂

Throughout the rest of the week, we were mainly in no trade zones. While you may manage tens of pips here and there, it would be risky and never a full 50 pips. For me, i rather stay out and observe.

Notice the red circled region? This a classic example of why i always said not to trade when the momentum is too strong. Look at how the price bounces back. This pattern is typical of important economic releases.

The last day of the week gave us a good opportunity for a harvest again. A full 50 pips is up for grabs.

I am particularly pleased with the 200EMA this week. It functioned as a warning for a potential resistance very well. A 200 EMA is a good companion for The Koala System.

A total of at least 100pips would be harvested if all went well. Remember patience and discipline are two compulsory factors for The Koala System.

Remember, we have crazy margin call friday NFP this week. Be careful.

Trade safely and plan your trades.

Head over to the latest EUR/USD Weekly Review for a heads up!

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  • The Koala System Forex Weekly Review 25 Jan 10 – 29 Jan 10
  • The Koala System Forex Weekly Review 25 Jan 10 – 29 Jan 10
  • The Koala System Forex Weekly Review 25 Jan 10 – 29 Jan 10
  • The Koala System Forex Weekly Review 25 Jan 10 – 29 Jan 10
  • The Koala System Forex Weekly Review 25 Jan 10 – 29 Jan 10
  • The Koala System Forex Weekly Review 25 Jan 10 – 29 Jan 10
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