Rob Booker Market Notes, March 4, 2011

// March 04, 2011 // EUR/USD to 1.4000. Is That It?
QuickView of What’s Happening The Wallaby Book i s Coming Soon
Risk Disclaimer (read first) …………..……… Page 2
EUR/USD at new highs (4HR) ………………… Page 3
EUR/USD still trending (15M) …………….… Page 4
NZD/USD BOOM (4HR) … ……………….… Page 5
GBP/JPY hits the target (4HR) … …… ……… Page 6
GBP/CHF BLAH BLAH (4HR) ……………….…Page 7
AUD/NZD Krazy Time Kontinues (4HR) …… Page 8

What is the Wallaby?
A pretty lackluster but positive jobs report. But you could

have thrown a dead chicken at the market today and the Wallaby Trading is counter-t rend trading. For trend-traders, that
EUR/USD would have jumped 50 pips. means that the Wallaby is a method for watching for a pullback on a
short-term chart to trade wit h the longer-term trend. For straight-up
contrarians, the Wallaby trade is a step-by -step guide through the
world of trading divergence and looking for peaks and valleys in price
movement. The book is at the printer. It’s coming soon.
Page | 1
Rob Booker’s Market Notes | March 4, 2011 | Rob.bz (blog), RobBooker.com (fr ee ebooks + managed accounts), @robbiebooker
Trading involves substantial risk of loss. Past performance is not necessarily indicative of future results.
This is not a trade recommendation and is provided for informational purposes only. Next Page 
Risk Disclosure
Hypothetical Resul ts:

Trading foreign exchange on margin carries a high level
of risk, and may not be suitable for all investors. The high HYPOTHE TICAL PERFORMANCE RES ULTS HAVE MANY
INHE RENT LIMITA TIONS, SOME OF WHICH A RE DESCRIBED
degree of leverage can work against you as well as for BELOW. NO REPRESE NTA TION IS BEING MADE THA T ANY
you. Before deciding to trade foreign exchange you ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR
should carefully consider your investment objectives, LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE
FREQUENTLY SHARP DIFFERE NCES BE TWEEN
level of experience, and risk appetite. The possibility HYPOTHE TICAL PERFORMANCE RES ULTS AND THE ACTUA L
exists that you could sustain a loss of some or all of your RESULTS SUBSEQUE NTLY ACHIEVED BY ANY PARTICULAR
TRADING PROGRAM.
initial investment and therefore you should not invest
money that you cannot afford to lose. You should be ONE OF THE LIMITA TIONS OF HYPOTHE TICAL PERFORMANCE
aware of all the risks associated with foreign exchange RESULTS IS THA T THEY ARE GENE RALLY PREPARE D WITH
THE BENEFIT OF HINDS IGHT. IN ADDITION, HYPOTHE TICAL
trading, and seek advice from an independent financial TRADING DOES NOT INV OLVE FINA NCIAL RISK, AND NO
advisor if you have any doubts. HYPOTHE TICAL TRADING RE CORD CAN COMP LE TELY
ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL
TRADING. FOR E XAMPLE, THE ABILITY TO WITHS TAND
LOSSES OR TO A DHE RE TO A PARTICULA R TRA DING
Not A Trade Recommendation PROGRAM IN SPITE OF TRADING LOSSES ARE MATE RIAL
POINTS WHICH CAN ALS O ADVERSE LY AFFECT ACTUAL
Nothing in this document should be int erpreted as a trade TRADING RES ULTS. THE RE ARE NUME ROUS OTHE R
recommendation. It should not be relied upon for the purpose of making FACTORS RELA TE D TO THE MARKE TS IN GENE RAL OR TO
an investment decision for your own account, or to invest in for Rob’s THE IMP LEMENTA TION OF ANY SPECIFIC TRA DING P ROGRAM
managed account service. You must read and sign a full (regulat ed) WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE
disclosure document before investing. Any results listed in this morning PREPARA TION OF HYPOTHE TICAL PERFORMA NCE RESULTS
notes document are hypothetical in nat ure, unless specifically noted AND ALL OF WHICH CA N ADVERSELY AFFE CT ACTUAL
otherwise, and Rob does not take every trade idea that is listed herein. TRADING RES ULTS.
These notes are part of Rob’s daily preparation for trading and are
provided to you for informational purposes only.
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EUR/USD
: LT Daily: Where Next for the Beast? 1.4100
Now that the NFP shot this pair above
1.4000, the next level that comes into
view is 1.4040 for some resistance, and
then we could see an upward march to
missed pivots from January 2010.
There is a collection of missed daily and

weekly pivots from last January, all within
the 1.4100 – 1.4450 range. A “missed
pivot” is simply a pivot that was not
touched by price on the day or week it
was created, and still hasn’t been
touched at any time thereafter.
It can take a year or more sometimes for

a currency pair to revisit a missed pivot.
What this means is that we have some

solid targets for a move upward, and I’d
favor buying the pair on pullbacks with a
tight stop and a super giant profit target.
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EUR/USD 15M: US Dollar Served a Dollop of Humble Pie
The pair is seriously trending now. The
initial reaction to the jobs report was
insanity, panic, crying, and peed pants.
Afterwards however, we’re likely to see
the pair resume its climb.
Trends always last longer and go farther

than we think they will. I’ve said this
before and it bears repeating. I don’t
know when this trend is going to end, but
one thing is for sure: It has lasted longer
than I thought it would. Better to not
argue about it and wait for a good price
for a buy trade. I doubt I’ll get that price
today.
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NZD/USD 4 HR: Kiwi Descends Into Hell
If you think this pair will never go back
up again, just look at the EUR/USD over
the last 1 month. No trend lasts forever.
When this pair finally starts to recover, it
has a lot of great profit targets.
I’m not long this pair yet. But I’ll be

planning something, and you’ll get the
whole story right here in these pages.
We did see the pair fall from .7380 to

.7350, as we talked about yesterday. Is
this the bottom? I’m not going to pick it
just yet. Remember, he who tries to pick
bottom only get stinky finger.
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GBP/JPY 4 HR: 134.90 Reached and I’m Out of Ideas
Our goal for the pair was 134.90.
If the pair can fall backward, I’d like to

buy it. I’ll stay in touch about that. For
now, any plans for this pair are
complete.
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GBP/CHF 4 HR: Was There Some Kind of News Today?
This pair didn’t do anything so I’m just
leaving this space blank.
Page | 7
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AUD/NZD 1 Hour: Overbought Nightmare Continues
I stopped out on my sell trade here when
the pair crossed above 1.3740. Of course
it’s now dropping as I write this. The pair
has so many good targets on the way
down that I would love to sell again.
It is rare for even this pair to have this

many missed pivots in such a short period
of time. One or two missed pivots is an
indicator of a trend. But this many
concentrated in a small space makes me
want to carefully select another area to
sell the pair.
I’ll keep you updated on what I’m

thinking.
Page | 8
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// March 04, 2011 // EUR/USD to 1.4000. Is That It?

QuickView of What’s Happening The Wallaby Book i s Coming Soon

Risk Disclaimer (read first) …………..……… Page 2

EUR/USD at new highs (4HR) ………………… Page 3

EUR/USD still trending (15M) …………….… Page 4

NZD/USD BOOM (4HR) … ……………….… Page 5

GBP/JPY hits the target (4HR) … …… ……… Page 6

GBP/CHF BLAH BLAH (4HR) ……………….…Page 7

AUD/NZD Krazy Time Kontinues (4HR) …… Page 8

A pretty lackluster but positive jobs report. But you could

Hypothetical Resul ts:

There is a collection of missed daily and

It can take a year or more sometimes for

What this means is that we have some

Trends always last longer and go farther

I’m not long this pair yet. But I’ll be

We did see the pair fall from .7380 to

If the pair can fall backward, I’d like to

It is rare for even this pair to have this

I’ll keep you updated on what I’m

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