The Koala System ( Newbie Friendly ) - page 7

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trading801
159
trading801  

Hi all, find below the latest The Koala System Weekly Review from my blog posted here for your convenience!

***

Good day fellow forex trading koalas.

After a time of absence, The Koala System is back!

Apologies for the absence as the broker change to 5 decimal places turned my chart haywire for some time.

Looking at The Koala System's performance for the last week, we had 3 opportunities and of which 1 could have been a big winner if the proper trailing stop loss was used.

While the reviews were absence for some time, this does not mean the koalas were on holiday! I will like to share some observations that i found out.

  • It is a good practice not to trade in the early hours of Monday trading despite seeing good signals. Often they reverse, typical of early trading madness.
  • The 50 EMA suggested by a user seems to be doing well. This is the forex community i seek to build and i am very happy! Forex traders helping forex traders The drill is simple. If the koalas indicate a sell but the 50 EMA is not sloping down ( IE in the direction of the intended trade, stay out ! ) If you observe the above chart carefully, you will notice it did help prevent a few tragedies from happening :P It is the brown indicator.

Folks, next week is the week after the Euro Bank Stress Test results and hence i urge and urge you to trade safely and patiently. Remember, The Koala System is never about quick bucks but rather a system of slow consistent winnings.

For folks just joining us, you can view The Koala System rules here.

See you soon

If you are on Facebook, i urge you to join TheGeekKnows page. Discussions on forex concepts, ideas and trades can be found there. It is a helpful community page for forex that i created and it has over 500 participants now

trading801
159
trading801  

How is everyone lately? The EUR/USD is taking a crazy ride !

nadirfx
3
nadirfx  

koala system

hi am new to trading can someone please give me a brief about the koala system

mtx_69
9
mtx_69  

look like srs trend system

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