Rob Booker

$EURUSD Trade Closes +$2,805

Risk Disclaimer. Past performance is not necessarily indicative of future results. Trading involves substantial risk of loss and is not suitable for everyone. Not all of my trades are winners. I post them all - the winners and the losers. Often times there will be more to learn from my losing trades than my winning trades. Don't make the same mistakes I do! Learn from them. No one is open about their losing trades in this business so take advantage of the fact that you can see when I screw up. In the case below, I didn't screw up. But you can still learn.

UPDATE: I shorted the EUR/USD based on Wallaby divergence last night. I closed the trade just in the middle of the night. If you feel like you need to learn how to take these trades, then you need to go right here and sign up now before I take down the signup page.

Here are the before and after charts:

Before:


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After:


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$EURUSD Trade Closes +$201

Risk Disclaimer. Past performance is not necessarily indicative of future results. Trading involves substantial risk of loss and is not suitable for everyone. 

I posted information about this setup (as I do with most trades) on the Wallaby Twitter Stream - and teach the essential elements of every method that I use in my trading (including extending out the profit targets on these trades) in the Pivot Course. 

UPDATE: I bought the EUR/USD based on Wallaby divergence this morning. I came in late to the game so my trade size was much smaller than possible. When the pair jumped up to the 800 Simple Moving Average, I went ahead and took the profit.

Completed Trade:


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Original Trade Setup:


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An Example of a Short-Term Trend #WallabyTrade:

The kind of trade you really want with the Wallaby is one that goes with the recent trend – and by “trend,” I mean super most obvious recent movement in the financial instrument you’re trading.

On the EUR/USD today, in the midst of the pair’s 48-hour collapse, it set up a really nice Bearish Divergence trade. I didn’t take it (I was asleep) but these are the kinds of trades that I live to take. You can see the stop loss stays tight – we are on the 1 minute chart here – and the profit target can stay open. A trailing stop or a move to break even after 15 pips is perfectly suitable here.


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2 Missed Trades, But Good Learning Examples

Risk Disclaimer. This is not a statement about performance and the charts are provided for informational purposes only, not as trading advice. Past performance is not necessarily indicative of future results. 

Notes. Overnight the EUR/USD set up two Wallaby trades. Here is what they looked like. I did not take either of them.

(download)