The Koala System ( Newbie Friendly )

content1. introduction2. the system3. on going testing4. exceptions5. to note6. who am i?7. picture examples1) IntroductionHi all,I used to trade at wrong times and watch winning trades turn on me to hit SL.My idea of The Koala System came when i was searching for no brainer way to "trade" forex. I came across a 3 MA system and work constantly to tweak it.2) The SystemIi call it The Koala System because i like koalas. Secondly, i wish i can laze around like them. Forex is my hopeSetup 3 Moving Average Indicators on EUR/USD M15Period of 3 , 6 , 9Smoothed and apply to Median PriceMake them bold and off different colors.We are looking to trade when the 3 MAs turns parallel / slightly diverge with each other. The trade is in the direction of the MAs.3) On going testingAs The Koala System is a system to prevent you from trading against the trend, it does not have strict SL and TP rules. I personally tweak the values constantly and post my reviews weekly. I trade on the EUR/USDCurrently i use:SL 50When the trade goes +25, i will set SL to +5My TP is usually 50 but i will let it run if no major support / resistance are near. ( If you want to know what are the support / resistance i follow, you can find it in my EUR/USD Daily Review over at my blog.The Koala System is to minimize your wrong entries AGAINST the trend. It does not guarantee easy money!4) Exceptions ( High risk )You have to do your homework and be aware of the market. If you are aware of upcoming important releases ( NFP for example ). Stay out! The Koala System requires patience!5) To NoteBefore you trade, always zoom out to at least a day of M15. If it is OBVIOUSLY trending against, dont trade upon onset. Wait for 1 more candle to confirm.6) Who am i?I started forex trading a year ago and i thought it was easy. After 3 margin calls, i finally woke up.After much effort, i am finally able to prevent myself from getting a margin call.Knowing the pain, i started to help newbies to forex in forums. One day, i decided to start a blog to share to newbies more about forex. It is newbie friendly and contains my forex articles and views on EUR/USD. After some unhappy experiences at an unappreciative forum, i decided to move over to here 7) Picture Examples1)First attachmentAn example of a no trade situation. The day in context was a major bank holiday. Trades can go either way due to low volume.Hence the Koala is right ... when in doubt, stay out !2)Second attachmentA classical false alarm. If you take a look at the level 1.4000, caution should be taken3)Third attachmenta good entry! The Koala is parallel ***CheersTrade Safe.Koala*you are responsible for your own trades.*
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