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Bob Volman - Price Action Scalping
Started:October 21st, 2012 (07:54 AM) by kevinkdog Views / Replies:29,172 / 91
Last Reply:February 1st, 2014 (10:33 AM) Attachments:8

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Bob Volman - Price Action Scalping

Old October 21st, 2012, 07:54 AM   #1 (permalink)
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Bob Volman - Price Action Scalping

I recently picked up the book:

"Forex Price Action Scalping: an in-depth look into the field of professional scalping"

by Bob Volman.


I'm curious - is there anyone out there using his approach with success (or without success)?


Thanks

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Old October 21st, 2012, 07:54 AM   #2 (permalink)
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Old October 21st, 2012, 07:29 PM   #3 (permalink)
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kevinkdog View Post
I recently picked up the book:

"Forex Price Action Scalping: an in-depth look into the field of professional scalping"

by Bob Volman.


I'm curious - is there anyone out there using his approach with success (or without success)?


Thanks

Thanks for creating the thread.

I know several people that use his method and are very happy with it. I talked to him a few times to try to get him to do a webinar on BMT, but was unable to convince him to do so. He wanted to maintain a low profile. Perhaps one day that will change, and we can educate more people on his methods.

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Old October 21st, 2012, 08:23 PM   #4 (permalink)
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Thanks Mike. That is good info to know, and makes me more inclined to spend time with his approach.

With any method, I am sure, what you eventually get out of it depends a great deal on how much time you put into it.

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Old October 21st, 2012, 09:16 PM   #5 (permalink)
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Hi,

Please keep us informed and if you think the book is a good buy

A summary would be useful too.

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Old October 21st, 2012, 11:46 PM   #6 (permalink)
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kingk View Post
Hi,

Please keep us informed and if you think the book is a good buy

A summary would be useful too.

kingk -

Based on what I've read so far (most of the book at least once, some parts twice), it is a very good trading book. He trades the EURUSD pair with a 70 tick chart. 7 unique setups.

I think the key in getting those setups to work is in identifying what Volman calls "unfavorable conditions," and avoiding trades during those times.

My guess is at least 3-6 months of heavy practice is needed to see the possibilities of this method, which is why I was curious if anyone uses the method. Why waste time if it doesn't work? Big Mike says people are successful with it, so that is encouraging for me.

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Old October 22nd, 2012, 03:23 AM   #7 (permalink)
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A summary of the book.

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Old October 23rd, 2012, 11:55 PM   #8 (permalink)
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I read the introduction of this book seems it is another book which talk about the price action.
I got Al Brooks's trading book series, just want to know any different in between their method?

Since I got Al Brook's books, is it worth to buy Bob Volman's book as well?

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Old October 24th, 2012, 12:02 AM   #9 (permalink)
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rienno View Post
I read the introduction of this book seems it is another book which talk about the price action.
I got Al Brooks's trading book series, just want to know any different in between their method?

Since I got Al Brook's books, is it worth to buy Bob Volman's book as well?


Similar to Al's first book, but simpler. Much easier to read. Volman focuses on 70 tick bars for EURUSD, while Al favors the 5 minute ES. But, to me the setups are the important thing, regardless of timeframe or market.

Al's method seems a lot more complicated, with many more setups, conditions, etc. Whether the extra complexity is justified, I don't know. Personally, I like simplicity, so overall I favor Volman more.

I think if you studied either book, and worked hard to become proficient, you could probably succeed with either approach. A lot of screen time required, I am sure.

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Old October 24th, 2012, 07:02 AM   #10 (permalink)
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More excerpts from Bob Volman's book "Forex Price Action Scalping: an in-depth look into the field of professional scalping"

http://infofpas.files.wordpress.com/2011/10/excerpts-fpas-hr-3-6-121.pdf

Enjoy,

Rick

"If you're going to panic during a trade............. panic early."
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