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.