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The Koala System Weekly Review 14 Dec 09 – 18 Dec 09

Hi all and a wonderful weekend to you.

Welcome to another weekly review of the Koala System !

Firstly apologies for the slightly different chart. I am traveling and hence this is a different pc.

This week is bearish but the price action was not smooth. Therefore the Koala System did not score a home run. However as i always say, it is better to gain some than to lose all betting on the wrong side of the fence!

The two red boxes consist mostly the usual flip flops which is a classic no trading zone. The another feature i will like to highlight to you is the flat koalas. When the 3 koalas are flat, it indicates low volume / hesitation. Definitely a no trading zone. Price may spike either ways with no warnings potentially wiping out margin accounts.

Having said so, the Koala System rewards those who are patient and we have at least 3 classic opportunities. ( Black circles ) 🙂

Did you notice the red circle? Over the week, i have folks who saw my charts with the 200EMA and have asked me about it. Notice how the price seems to respect the 200EMA at times? I use it as a potential warning of resistance and support lines. However this is still experimental beta and hence it belongs to Koala Labs ! ( A lab consisting of koalas working hard to prevent margin call to all with new innovations in forex trading 😛 )

This week was a pretty rough one and i had folks writing to me saying that they lost their accounts. This is saddening as i always feel that money is hard to come by. I hope my dear koala readers do follow the Koala System diligently. Doing so together with proper money management may minimise your risk of a margin call.

Ok! Thanks for joining me. Do read my weekly review of the EUR/USD to get a heads up on my opinions for the upcoming week, See you and trade safe.

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