I know a different Israeli version. I recently heard my neices playing the game, and while it was similar to

'La qua qua de la oma
Qua qua qua (qua)
Decima triko
Triko triko tra
Vallo, vallo,
Vallo, vallo, vallo, vallo
1, 2, 3 ..... 10'

it had an extra verse. There was mention of ima (mom) and aba (dad), mixed in with the nonsense (which inlcuded the word banana, which is said the same in Hebrew). As well as that the children seemed to think that valo was from the Hebrew words
va-and
lo-no
and the song also includes the word vaken (ken-yes)
There also seemed to be some words that sounded Arabic.