The Wallaby Trade


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.

Book Presentation Recording

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Watch the presentation of the Wallaby Trade book by Rob Booker hosted on!

Technical specifications

  • Paperback: 258 pages
  • Publisher: CreateSpace
  • ISBN-10: 1460957490
  • Product Dimensions: 7.8 x 5.1 x 0.6 inches

About the author

Rob Booker is a foreign currency trader, best-selling author, and sought after speaker. A tireless world traveler, he has spoken to countless numbers of sold-out audiences throughout Asia, Europe and North America.

Support and Resistance TradingHe is the author of "Support and Resistance Trading", the first set of the FXStreet DVD Series.

Rob is the founder of, an online community for currency traders, as well as, a daily radio program heard by traders around the globe. He is also the author of the critically acclaimed Adventures of a Currency Trader as well as The Currency Trader's Handbook and Strategy:10, a highly popular currency e-book that has been downloaded more than a half million times since its release.

Most recently, Rob’s book, Super Simple Forex Strategies, was released in Japan, becoming an “FX” bestseller with more than 30,000 copies sold.

Renowned for his entertaining approach to discussing the world’s largest and most volatile financial market, Rob’s analysis is read by thousands of people each day throughout the world. He maintains his Forex advisory practice close to home in Mission Viejo, California.

Watch the ITC's Exclusive Video Interviews with Rob Booker:

What do you hate and love about brokers?

How to avoid the blowing up account syndrome

The ultimate explanation about the NFA new regulation

Rob Booker was key speaker at the 3 International Traders Conferences in October 2007, 2008 and 2009 in Barcelona.

Other Titles from this Author

The Currency Trader's Handbook: Strategies For Forex Success

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The Currency Trader's Handbook is the first published form of Rob Booker's ebooks on currency trading. [...]

Adventures of a Currency Trader: A Fable about Trading, Courage, and Doing the Right Thing (Wiley Trading)

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Unlike most of the trading books that I have read, Adventures of a Currency Trader, by Rob Booker, is a work of fiction. [...]

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