We’ve got a technical, sort of, how-to episode for you today. Rob Booker explores the concept of divergence with Bradley Fried, the CEO of Rob Booker Japan. Rob and Brad discuss Wallaby Trading and how it works. They discuss risk-to-reward ratios of 8:1 and 10:1, and they talk about how this is a possibility for anyone!
Brad and Rob discuss other oscillators or indicators that a trader can use to track divergence, such as The Wallaby Oscillator, Relative Strength Index (RSI), CCI, Stochastic Oscillator, MACD, et al. They briefly discuss settings for oscillators and Rob even asks Brad to share his win-percentage from his last month of trading. Very fun, right? So, tune in, and be sure to check out the valuable links and charts below! Thanks for listening.
Links for this episode:
Download: Free Indicator
Book: The Wallaby Trade
Rob’s eBook: Trading Naked
And here are two examples of Wallaby Trades in action, courtesy of Bradley Fried: