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Forex Price Action Scalping: an in-depth look into the field of professional scalping Paperback – 11 Oct 2011

4.3 out of 5 stars 20 customer reviews

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Frequently Bought Together

  • Forex Price Action Scalping: an in-depth look into the field of professional scalping
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  • Understanding Price Action: practical analysis of the 5-minute time frame
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  • A Three Dimensional Approach To Forex Trading
Total price: £65.54
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Product details

  • Paperback: 358 pages
  • Publisher: Light Tower Publishing (11 Oct. 2011)
  • Language: English
  • ISBN-10: 9090264116
  • ISBN-13: 978-9090264110
  • Product Dimensions: 17 x 2.1 x 24.4 cm
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (20 customer reviews)
  • Amazon Bestsellers Rank: 33,863 in Books (See Top 100 in Books)

Product Description

About the Author

Bob Volman (1961) is an independent trader working solely for his own account. A price action scalper for many years, he was asked to bundle all his knowledge and craftsmanship into an all-inclusive guide on intraday tactics. Forex Price Action Scalping is the long-awaited result. PUBLISHER'S NOTE: On youtube several obscure videos, posted by commercial vendors, falsely claim affiliation with the book and the author. We sharply condemn these practices. For those who want to know more about the book, free excerpts (pdf) are available for download at: www.infoFPAS.wordpress.com


Customer Reviews

4.3 out of 5 stars
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Top Customer Reviews

Format: Paperback
I've read probably more than 25 books re forex... This is by far the most useful(according to my own trading style and personality) and well written, and the only one for which I'm taking the time to post a review... I've read and re-read it many times, and every time there is some new element that I then apply to my trading. I strongly recommend it - it has become my fx bible.
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Format: Paperback Verified Purchase
The only thing new in the book was tick charts which was worth the money for me , to me everything else in the book is reinvent the wheel.I don't use what he suggested , but use 200 tick charts.Same old stuff here like scalp with trends , trailing stops and box breakouts in ranging markets.He talks about probabilities and edge , yet many of box/range breakout set ups , in ranging markets , have no better than 50/50 chance of success less spread .The author has his own definition of edge ,it is based on trader's ability to read the markets .It would seem to me , to be a discretionary method , one that can not be used by everybody as per textbook.The range breakout strategies are the same old box/range breakout technical analysis strategies rehashed and all this stuff is available for free on the internet.

A professional trader would look more for support and resistance , and filter out randomness and set ups in fx random transactions which appear to be valid set ups according to the range break set ups. the book is short on these aspects and barely covers support and resistance .and there is no confidence to put on live trades , based on the ranging breakouts.The book in my opinion , falls short to deliver a high probability scalping method in a few words.Breaks of 1 pip in random transactions or volatility increases and noise only exist in real markets , but not in text books.

The author makes a lot of claims , but does not verify any of them with any statistics or study results.There is no probability data on the success/failure rate of each of his set ups , there are no historical results of actual live performance of his set ups.
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Format: Paperback
Read the book five times, made copious notes, consolidated my notes. I live and breath this method. It is mana from heaven and it works. If you want to be successful in trading, forget the confusing indicators, drop the ea's, chuck all the simple systems and get to master the contents of this one book. Ignore all the reviews of losers on here who are travelling the wrong path, this is the way to go. Ok it's not easy, you'll need to commit, read, re-read, take notes, study, ponder and master. But if you want to succeed and become one of the few then that is the only way, what ever method you choose.
There is an excellent forum out there that deals mainly with Bob Volman's scalping method, where you'll get more examples from Volman's dropbox, where you'll find out which broker, platform and data source to use when starting out and all the little snags along the way, where you'll see someone posting trades and live in trade chat all for free. There are a few other blogs out there as well, so you are not alone. (Can't advertise these sites here.)
Bob's just written a new book also, regarding the 5 min chart as opposed to the 70-tick in this book. The 70 tick was initially the snag for me, but with the help of the forum I mentioned above there is an inexpensive way to get it.
This is a stand out book, If you get bored towards the end, like one reviewer wrote, then your in the wrong business. There is repetition, but with good reason. We are what we repeatedly do. (Aristotle)
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Format: Paperback
I have read many trading books over the years but this has to the first one that I have read from cover to cover over the course of a weekend. If you trade short term time frames then you should seriously consider adding this book to your library. This is a very detailed book but is written in a way to keep the reader interested all the way through. Explanations and price action analysis are clear and very easy to follow.
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By PureSymmetry VINE VOICE on 22 Mar. 2012
Format: Paperback Verified Purchase
This is a phenomenal book. Very well written with strong in-depth analysis of the charts presented - in fact that analysis alone is worth the price of the book. The author trades uses the 70 tick chart to trade from, but the setups work regardless (I trade the 5 minute), and regularly repeat on the hourlies/4 hourlies/dailies/weeklies.

If you really want to increase your understanding and cultivate the ability to trade bar by bar, get this book.
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Format: Paperback Verified Purchase
I really like the information it contains & can see a lot of potential but to fully understand & condense the information, it takes a bit of work.

The writer comes over as well educated & knowledgeable but he needs to be introduced to the concept of bullet points and/or summaries of the steps he is suggesting.

Although you can tell he has written the whole book, each chapter seems to be written in slightly different ways. He has a conversational style but I don't think it is really suited to this type of book. Making notes is very hard going. I decided to highlight parts in the book (something that goes against the grain), then make notes from those highlighted parts.

He gives lots of examples showing his methods in action & goes into detail about all of the little nuances. However, a summary version for those that have read it would be a welcome addition
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