The Wallaby Trade: Counter-Trend Trading for Stocks, Futures, and Forex
The Wallaby Trade: Counter-Trend Trading for Stocks, Futures, and Forex – They say that the Trend is Your Friend, but what happens at the End of a Trend? Think about what happened to millions of investors when the dot-com boom went bust, or the subprime mortgage crisis blew up the world's financial markets. In this step-by-step (and always entertaining) guide, a proven counter-trend trader shows real-world examples of how to identify and profit from the warning signs that short-term and long-term trends are reaching a conclusion.
The trading style is called "The Wallaby Trade," and it's the most complete book available on the subject of using divergence to trade against the crowd. If you are a trend-follower, then this book contains essential strategies and techniques for entering a trend on critical "pullbacks," and if you're a straight-up contrarian, Rob demonstrates powerful examples of divergence that serve as low-risk entries before the biggest moves in the financial world. When the crowd realizes that the party is over, where will you be?
This book isn't about the general concept of trading against the masses, but rather a practical guide suitable for new and experienced traders alike. The chapters move fast and the book doesn't waste any time: Lots of examples, clear rules, and brutal honesty on every page. Chapters include: 1. What the heck is a Wallaby Trade? 2. What can the Wallaby Trade Do? 3. Bearish Divergence 4. Bullish Divergence 5.
Bending the Divergence Rules for More Trades 6. Entering a Wallaby Trade Successfully 7. Wallaby Trade Sizing 8. Risk Management and the Wallaby 9. Profit Targets for the Wallaby And 9 bonus Appendix sections that detail best financial instruments for trading the Wallaby, dealing with adversity in counter-trend trading, character traits of great contrarian traders, and more.
Product Details
- Paperback: 258 pages
- Publisher: CreateSpace (February 24, 2011)
- Language: English
- ISBN-10: 1460957490
- ISBN-13: 978-1460957493
- Product Dimensions: 7.8 x 5 x 0.7 inches
- Shipping Weight: 9.1 ounces
Customer Reviews
Excellent
It had been a long while since I bought a book covering the specifics of a trading system but I can’t resist anything written by Mr Booker and his latest offering is at least as good as everything else he has written. Here he deploys his wonderfully irreverent style to lead the reader carefully and engagingly through the nuanced execution of a very clever but simple concept, that he has made his own. And don’t be fooled by his lighthearted approach; Booker is deadly serious about what he does and I know of no-one who has drilled deeper into the statistical foundations supporting his central thesis. He is a master of the subtle art of counter-trend trading and what you will read here is exactly how he goes about it. Finally, be clear that what you are buying here is far more than a book. Booker is active across the sweep of social media on a daily basis, signaling set-ups, reporting results and generally supporting his growing community of Wallaby acolytes. If this package doesn’t strike you as a unique opportunity then you’ll probably find the concepts within a little too tricky for you anyway…
Ok people.
Rob Booker is one of the best traders in the world. And yes, he has changed his system. But much more than three of four times. You can find 10+ systems from him. And all of them do well, if you study and apply them correctly. He changes his systems because he is an innovator. Thats like saying steve jobs (RIP) was a fake because he put out so many different products. There are millions of possibilities people. Nobody has to be tied to just one system.
I would love to know where the person saying 95% of his students lose money. Please give me a reference. Because I’m doing very well in forex. And I know many others who are as well.
And by the way, Rob is transparent. You can follow him on twitter and he will give you his entries and exits and account statements. So I would love to know how people claim he is fake.
I have traded the wallaby. I have traded other systems of his. I love them.
The Wallaby Trade is an excellent read, teaches you an excellent system, and for an excellent price. I would highly recommend it, as well as following him on twitter as you get access to even more information
This system works!
I read the book and this is what I’m trading. I’ve back tested it and the statistics range between 60-70% win ratio. I plan on making a living trading this method; is it the only method I trade, NO. Is it profitable? Yes.
Can’t say anything else.
Related Bestsellers On Amazon
|
||
|
||
|
||
|
|
|
|
||
|
||
|
||
|
||
|
||
|