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The Koala System Weekly Review 7 Dec 09 – 11 Dec 09

Good day and welcome back to another The Koala System Weekly Review.

The week was full of important news as mentioned in my EUR/USD Weekly Review and we all know that the koalas do not like volatility.

Right at the start on early Monday trading, steep moves were observed. To the untrained eye, these seemed like a trend calling. Koala users would know that this was a warning sign and indeed a spike up emerged at the later half of the day.

Our only trading opportunity emerged on the second day. A harvest of slightly less than a 100 pips would be available for those who caught this signal.

The EUR/USD resumed it’s undecided temperament as the koalas were flipped around like a stir fry pan. This was a clear no trade indication.

Many folks seem to have forgotten that trading during important news releases requires margin accounts of steel! We had a classic example when the currency pair dropped sharping after the US Retail Sales. If you are unsure of what lies ahead, check the economic calender i have for you koalas here.

This week was indeed a test of patience for all. If you did ride this crazy week being green, good for you. If not, do remember that The Koala System is all about patience. I average around 1 trade per day in good times. As expected, i was flat most of this week. If you need revision, head towards my Forex Education section and read up on the trade and money management topics.

Trade safe and treat your koalas well. I will see you next week!

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