Forecasts
Forex Guides
Members

The Koala System Weekly Review 21 Dec 09 – 24 Dec 09

Good day.

Welcome to another weekly review of The Koala System.

This week we see challenging situations for the koalas. This is not unexpected though as the holiday season and it’s low volume tends to create an environment for spikes.

While we have numerous opportunities this week, these are of the border line cases. IE. If your stop loss is too tight or you did not move your stop loss to protect profits once the price moved, there may be potential of the reversal to loss. Take a look at the 3rd circle. This opportunity was a short position. However the spike upwards moments later will wipe your position if you stop loss is too tight. My stop loss is usually 50 pips initially.

I do have readers telling me that they do not move their stop losses after the price has moved in their favor. Personally, i am risk averse and hence i always move my stop losses to protect a few pips of profit while letting the koalas go as far as they can.

I rather gain fewer pips than to lose all pips.

This is overall in line with the koala spirit of slow and steady wins the race and so far i am doing fine with The Koala System.

The red boxes pretty much speak for themselves. You may notice the new red circles? These are areas where the prices seems to have interacted with the 200EMA. This is currently in testing by Koala Labs.

As we move towards another holiday week, circumstances may remain challenging for The Koala System. Read my EUR/USD Weekly Review article to find out more.

Trade safe and cheers!

Invest In Yourself And Get Premium Analysis
Less than 20 cents a day
Major Currency Pairs Analysis
Forex Sentiment Analysis
Understand The Market
10 days money back guarantee

View Subscription Options

Would you like to connect?
Get notifications on new forecasts and articles.

Sign up to our emailing list and get your FREE Stop Losing and Start Winning in Forex Checklist!

Trending Forex Articles

  • The Koala System Weekly Review 21 Dec 09 – 24 Dec 09
  • The Koala System Weekly Review 21 Dec 09 – 24 Dec 09
  • The Koala System Weekly Review 21 Dec 09 – 24 Dec 09
  • The Koala System Weekly Review 21 Dec 09 – 24 Dec 09
  • EUR/USD Gold CorrelationThe Koala System Weekly Review 21 Dec 09 – 24 Dec 09
  • The Koala System Weekly Review 21 Dec 09 – 24 Dec 09
TheGeekKnows