The Koala System (No brainer)

morning all.. did you follow the Koala down the other day? am sure you made some good pips.. now we are sitting on flat koala.. but it does look bearish for sure

btw you folks are a pretty quiet lot ... hmmmm do let me know if this is not needed.. then i wont bug u all with my lame posts

ah buy signal by koala anyone onto it?

if you did, you would have taken a fair bit of pips!

now it is turning south from koala.. lets wait and see

Hello trading801,

I for one, am following your thread with great interest.
I'm a newbie and I'm traying out few systems to see which one I can accomodate.

Your system seems very ccol.
It's simple and fun to do.

Right now, I think it's on a buy signal.
I'm trying out adifferent TP (only 20 pips) and SL (only 40) at a ratio of 1:2.
I hope that calculating at 2% stake per trade to rack enogh wins to make something in the area of 5% a week.

What do you think?

I'l let you know how it went!!

Keep posting, I'm listening and learning!!
Thank You!!

MrCricket

Thank you Mr for your kind support. It is a pleasure to know pple are appreciating this.. i know i am not the best but i do put my heart into this...

hopefully we can all find a way together to better this..

40SL seems a little tight.. in fact i was thinking of SL100 however this may means that i am poor at entry

let me know your results ok?

clearly not a good day for Koala trade..
however if you are looking to scalp ... switching to M15 may help.....

Well,

I had two trades for 20 pips profit each.
One was directly seeing the Koala and the other I hope it wasn't luck.

Anywho, I'll go at it again tonight.

I'll keep you posted!!

Homer

20 pips is good ! hope you have success tonight

am thinking of changing to M30 instead of M60.

notice the lag may hurt instead of help at times.

ie, slow exits, missing trades, etc.

of course it may produce more false alarms.

seeking opinion from users

btw a reminder to all

6 reason why traders fails.

1. Lack of a Trading Plan
2. Lack of Discipline to Follow the Plan
3. Failure to control emotions
4. Failure to accept and limit losses
5. Lack of commitment
6. Over-Trading

courtesy of eur/usd thread

i like this systems so much but i want ask u
why u choes 3.6.9 ? why that
and i try it last night and it work in euo so good but shoud trand Clear

i am glad u love it... hope everyone makes $ from this..

3 in particular is chosen over the other systems i read in my research.. they have like 4 etc...

so why 3? because 3 is faster reacting... it gives u advanced warning of trend changes...

in fact, as mentioned earlier, i am considering a change to M30 due to M60's lag. am testing myself now...

basically this simple system is all about trend is friend...

so 3 , 6 , 9 is spaced out so that if

3 is parallel, it means the recent activity is trending.
6 is parallel, it means the middle term is trending.
9 is parallel, it means this trend is strong and has been for some time !

you add all, you most prob get a trend that is gonna last some tens of pips !!

remember this is not a holy grail to tell you " YOU ARE GONNA WIN BIG NOW !!!"

it is a system to help us. identify suggest confirm trends

last week recap to come in a while

week of 8th June 09 was a pretty good week for the Koala System.

Soon after market opens on monday, you would have bag some pips (1) however note how it turns back. My view is M60 may be a little too lagged. By the the Koala changes, you may have lost a good amt of extra pips

all the (2)s are your standard no trade zones. Although M30 may present a few more trading opportunities.

(3)'s setup turns to be a big winner. Although m30 may make you a bigger winner

(4)s' are the party spoilers .. due to M60's lag.

3 = 3 hours , 6 = 6 hours and so forth...


of course i am not saying it is bad. With proper trailing stop , we are still having winners.

Besides, with more lag, it means less false alarms !!


As of now, i am testing m30. Stay tuned for the next weekly review.

as i am writing now, am on a short as identified by the Koala. This party began last week !

Am hoping to see more active participation here. I am not the best and i hope to have great traders giving comments !

p/s i will like to remind readers not to over trade. your positions must be of a SAFE % of your account.

forex trading is all about survival.

cheers

thank you so much for this and yes it help much to undrstand what happend
i wait for cross between 6.9 and shoud be 3 also in same way or closs with them
and this happend in day 12 and it was great
thankx agian
bye

you are most welcome.. do support this thread and give us your evaluations !

For this week's review,

i will like to present 2 charts. The first is M60, the next M30.

Looking at the circles, we can see that M30 gives us a higher chance of early entry while giving not many more false alarm.

In both instances, if we went in using M60, we will be caught with an ending move.

Furthermore, with the current ranging conditions, when you are about to make a move, ALWAYS CHECK THAT THE M5 has not turned against your intended direction.

It should be somewhat parallel too.

SO yes.. i am changing to M30.

Anyone has comments?

after i try this system many time i think best if u uoed it in ch 4 hour
it reall good and work so good

you mean on the 4 hours candle chart??


hmmmmm interesting.. isnt it too slow?

200 ema can help identify support/resistance and trend changes.

cool.. can you elaborate more on this ? on how we use etc? we r all newbies here .. at least i am