The Wallaby Trade: Counter-Trend Trading for Stocks, Futures, and Forex
$31.30
The Wallaby Trade presents a focused, counter-trend trading framework designed for traders who want to exploit short-term price exhaustion rather than chase momentum. Rob Booker’s premise is straightforward: markets routinely overshoot in one direction, creating temporary imbalances that can be traded with predefined risk and modest profit targets. Instead of predicting major reversals, the Wallaby Trade aims to capture controlled mean-reversion moves within established market conditions.
The book explains how to identify overextended price behavior using simple, repeatable criteria. Booker emphasizes patience, selectivity, and timing—waiting for price to stretch beyond its typical rhythm and then fade back toward equilibrium. This approach is deliberately conservative in scope, prioritizing frequent, manageable trades over rare, high-risk home runs.
A key strength of the book is its execution focus. Entry logic, stop placement, and profit targets are clearly defined to minimize ambiguity. Booker stresses that counter-trend trading demands discipline: trades must be taken only when conditions are met and exited quickly when they are not. Risk is treated as the primary variable, with position sizing and loss containment integrated into every setup.
The Wallaby Trade is applied across multiple markets—stocks, futures, and Forex—demonstrating how the same counter-trend logic adapts to different instruments and volatility regimes. Throughout the book, Booker reinforces the importance of emotional control and process adherence, acknowledging that fading price movement can be psychologically challenging without a rules-based plan.
This is not a system promising constant wins or large trends. It is a pragmatic methodology for traders who understand market structure and want a repeatable way to participate in short-term price corrections with discipline and restraint.
✅ What You’ll Learn:
- The logic behind counter-trend trading and mean-reversion behavior
- How to identify overextended price conditions suitable for fading
- Clear rules for entries, stops, and profit targets
- Risk management principles specific to counter-trend strategies
- Applying the Wallaby Trade across stocks, futures, and Forex
💡 Key Benefits:
- Provides a structured alternative to trend-following approaches
- Emphasizes predefined risk and controlled exposure
- Reduces emotional decision-making through clear rules
- Adaptable across multiple markets and timeframes
👤 Who This Book Is For:
- Traders with basic market experience seeking a counter-trend method
- Traders who struggle with chasing breakouts or late entries
- Market participants looking for short-term, rules-based setups
- Not suitable for complete beginners or long-term position investors
📚 Table of 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
| Author(s) | |
|---|---|
| Product Type | Ebook |
| Format | |
| Skill Level | Intermediate to Advanced |
| Pages | 257 |
| Publication Year | 2011 |
| Delivery | Instant Download |
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…