The Wallaby Trade: Counter-Trend Trading for Stocks, Futures, and Forex
$13.54
| Author(s) | |
|---|---|
| Pages |
257 |
| Format |
|
| Published Date |
2011 |
In The Wallaby Trade: Counter-Trend Trading for Stocks, Futures, and Forex, 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.
Author’s Introduction:
I’m going to share every last detail about my favorite method of short-term trading. And you can apply this method to longer-term trading, too. The Wallaby Trade is filled with charts, step by step instructions, some stories, and quite a bit of offensive language. It shouldn’t take you long to read the book, but I hope you come back to it again and again as you learn to trade the system.
I’ve had the Wallaby indicator built for a number of charting platforms, and as mentioned a few pages ago, you can have the indicator for free. In fact, as you’ll learn in chatper 1, you can even trade the method without the indicator. This isn’t your average trading book. But after all, you’re not the average trader. And I want to hear what you do with what you’ve learned.
Contents:
- What the Hell is a Wallaby?
- What Can This Wallaby Do?
- Bearish Divergence
- Bullish Divergence
- Bending the Divergence Rules
- Entering a Wallaby Trade
- Wallaby Trade Sizing
- Stop-Losses on the Wallaby
- Profit Targets for the Wallaby
The Wallaby Trade: Counter-Trend Trading for Stocks, Futures, and Forex By Rob Booker pdf
6 reviews for The Wallaby Trade: Counter-Trend Trading for Stocks, Futures, and Forex
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Ellen Whitaker (verified owner) –
Mr. Booker has created many methods….all of them do not work.
Mr. Booker has trained many people…more than 95 percent of them have either lost money and/or left the FOREX market. The others who make money do not use his methods. He is very entertaining but his methods have no substance.
He knows his methods do not work…
I wish all his ex-students get together and post their thoughts/comments about him.
Keyla Levy (verified owner) –
This book explains plain old divergence, that one can employ by using any of other tried-and-tested indicators (MACD, RSI). Booker tries to sell information that is freely available on the internet by repacking it with new name and new indicator. I really doubt this book or the new indicator will add any new insight in market dynamics. Even more – this comes from a person that is known for frequently inventing and selling new trading systems with unproven or at least dubious results.
Harold Salazar (verified owner) –
Rob Booker, as usual, gives his all to his fellow traders. And yet he retains that essential sense of humour through out.
Keith Moreno (verified owner) –
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.
Taylor Sexton (verified owner) –
Ok are we supposed to believe that a 10 year veteran of the financial markets has now changed the way he trades for a third or fourth time, all the while remaining profitable in each system. (Arizona rules, pivot systems, blah, blah, blah and now the Wannabee? Really? )
Such genius to just code it up (the indicator) right there in the hotel lobby when the idea popped into his head, surely such unparalleled ability has siphoned off millions of dollars from the markets by now.
But wait, this new miracle indictor has to be used in tandem with a regular stochastic oscillator, you know, just to make sure the signal is correct. Hmmm. So why do I need this indicator?
What a load of crap. I was hoping this book would at least have some entertainment value but no. Save your money for something meaningful… like a happy meal. At least you will get a cool toy.
Oh and just a word of advice from a profitable FX trader, countertrend trading WILL wipe out your account. Read Market Wizards and then tell me how many of these guys (All millionaire traders) trade countertrend. How about the Turtles? (the greatest success in the history of financial markets)Nope, no countertrend trading there. Here’s a thought. Throw out the indicators, learn about support and resistance and follow the trend. ‘ Good Trading to all.
Freya Decker (verified owner) –
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…