Good day!

Hope your weekend is great so far.

The Koala System had a very challenging week.

As we can see from above, we faced many no trade zones during the past week as the week was full of important releases and issues.

Using this opportunity, i will like to remind everyone that The Koala System is a system that requires patience. Often, i have users writing to me stating that they did poorly. After discussion, i realized that they may have been trading too often. Interpreting every divergence as a confirmed signal. The Koala System is meant to help prevent one from trading against the trend and trends do not happen around every corner.

While we were presented with a few opportunities this week, one will need to be flexible to maximize the harvest. I have recently mentioned that if the price action is obviously ranging tightly and you really must trade, lowering your take profit expectation may yield better results. This is to prevent facing a situation whereby the price turns against you after being in profit. It is critical to move your stop loss too so as to protect your profit.

I mentioned in my latest EUR/USD weekly review that we may still be facing ranging conditions and hence do be extra careful.

Trade safely and always plan your trades well.

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The Koala System Weekly Review 04 Jan 10 – 08 Jan 10

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