Good day fellow Koalas!
The Koala System had a fair week and i certainly hope you harvested some from it.
Shortly under the markets opened, we were presented with a trading opportunity.
Although the week is obviously bullish, the price action is rather choppy and this is not a favorable conditional for the Koala System and hence care must be taken.
The first box is a classic example of a fast moving action which may have the chance to turn on you and hence the Koala avoids it.
Last box is a classical whipsaw day and yes it is crazy friday too.
and smaller If you really need to earn the extra pips for the pub outing, use the Koala on shorter time frames and have smaller TP expectations.
Once again, the 200EMA provided some guidance.
Trade safe!
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The Koala System Review – Week of 19 Oct 09
The Koala System Review – Week of 19 Oct 09
The Koala System Review – Week of 19 Oct 09
The Koala System Review – Week of 19 Oct 09- The Koala System Review – Week of 19 Oct 09
The Koala System Review – Week of 19 Oct 09