| | |  | Loss Prevention | Home » » Forex Price Action Scalping: an in-depth look into the field of professional scalping | | | | | | | Description: | | Forex Price Action Scalping provides a unique look into the field of professional scalping. Packed with countless charts, this extensive guide on intraday tactics takes the reader straight into the heart of short-term speculation. The book is written to accommodate all aspiring traders who aim to go professional and who want to prepare themselves as thoroughly as possible for the task ahead. Few books have been published, if any, that take the matter of scalping to such a fine and detailed level as does Forex Price Action Scalping. Hundreds of setups, entries and exits (all to the pip) and price action principles are discussed in full detail, along with the notorious issues on the psychological side of the job, as well as the highly important but often overlooked aspects of clever accounting. The book, counting 358 pages, opens up a wealth of information and shares insights and techniques that are simply invaluable to any scalper who is serious about his trading. | | | Product Details: | | | Author:
| Bob Volman | | Paperback:
| 358 pages | | Publisher:
| Light Tower Publishing | | Publication Date:
| October 11, 2011 | | Language:
| English | | ISBN:
| 9090264116 | | Product Width:
| 167.0 centimeters | | Product Height:
| 240.0 centimeters | | Product Weight:
| 1.26 pounds | | Package Length:
| 9.6 inches | | Package Width:
| 6.7 inches | | Package Height:
| 0.9 inches | | Package Weight:
| 1.28 pounds | | Average Customer Rating:
|  based on 14 reviews |
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| $33.37 | New | | | $33.38 | New | | | $33.39 | New | | | $33.40 This item ships for FREE with Super Saver Shipping. | Used
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- VeryGood | | | $75.77 | Used
- Mint | | | $77.33 | New | | | $84.88 | New | |
| New | |
| $33.37 | New | | | $33.38 | New | | | $33.39 | New | | | $35.32 | New | | | $35.91 This item ships for FREE with Super Saver Shipping. | New | | | $37.03 | New | | | $37.10 | New | | | $37.46 | New | | | $39.41 | New | | | $44.20 | New | | | $77.33 | New | | | $84.88 | New | |
| Used | |
| $33.40 This item ships for FREE with Super Saver Shipping. | Used
- VeryGood | | | $44.19 | Used
- Mint | | | $44.20 | Used
- Mint | | | $74.25 | Used
- VeryGood | | | $75.77 | Used
- Mint | |
| | | | Customer Reviews: | |
Average Customer Review:
 ( 14 customer reviews )
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Most Helpful Customer Reviews
24 of 26 found the following review helpful:
 Surprisingly goodJan 03, 2012
By Jackal
I've read many trading books and books on forex tend to be among the worst even when they come from John Wiley Finance (kind of a very reputable publisher). In contrast, this book is a rather thoughtful discussion about mainly the EURUSD market. The core of the book is a number of practical setups using candlestick charts.
The book (of quality) most similar to this book is Brooks's Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader (Wiley Trading). This is also something that has been picked up by many customers since that book is also cross-listed on amazon for its similarity. Some similarities and differences:
- Brooks uses five minutes charts and the current book uses 70 tick charts (which works out to quite close to 1 minute chart).
- By going straight to the set-ups, the current book is a little bit more practical than Brooks's three volume set.
- Brooks is focused on S&P500 futures trading and the current book EURUSD trading.
- Brooks provide a lot of market commentary on a blog. The author of the current book is pretty anonymous on the Internet. You shouldn't trust the author solely based on having a displayed track record, but it is nice to have.
- Brooks is much more wordy than the current author.
It is not a bad idea to start with Volman's book. If you want more knowledge on daily price movements then you should look into Brooks's tre volume set. (The three volume set has superseded the link provided above.)
I have given this book five stars. That doesn't mean you will make money with the book. You need to develop your own approach. The only thing I am saying is that this book can be a useful building block when you develop your own approach. That is the best conclusion a book on trading can ever get.
14 of 15 found the following review helpful:
First impressionsDec 28, 2011
By M. Gregory Fletcher
Well I've never heard of Bob Volman or of Light Tower Publishing but after reading this book I can tell you that it's on par with what I've read from Al Brooks. The author has a very readable and insightful style which makes for strangely quick reading for this subject.
In some ways it strikes me as a sort of a price action short hand when you compare it to Al Brooks writings but nevertheless I think it very insightful and I plan on using some of the methods in trading equities.
I don't remember anything in the book that struck me as off or not matching my experience in the market. Every chapter rings true and fits the true reality of day trading like only a very small percentage of trading books do. I found myself nodding my head quite a few times in agreement with Bob's lucid explanations of many of the details of trading as a whole. My favorite quote is... "simple because the edge is not a thing that can surface by itself. It can only be obtained by the blood, sweat and tears of committing oneself to countless hours of studying markets, patterns, set ups and price action principles."
17 of 19 found the following review helpful:
Excellent Book!Feb 03, 2012
By Paul E. Wetzel
I never like to lose more than 10 pips on one trade, it's like a red line for me that separates staying cool in a trade and doubt taking over: this book fits my risk profile to the pip-> therefore, a scalper I am.
After making it halfway through the book and putting the setups to the test, it has become clear to me that Bob (hope you don't mind me calling you Bob) went the extra mile to uncover the fundamental details that are required to successfully trade his setups. In my experience, 98% of the other books out there (especially Forex books) leave those little but essential details up to you to figure out over time. The problem with that is, if you are lazy and want something for nothing like many of us do, you are probably gonna drop those other books fairly quickly, jump back on your horse, and continue your search for the Holy Grail (instead of doing the hard work that is required to be successful with them).
Good news, in this book, Bob has already done all of the hard work for you. This book is like food-stamps for the starving trader. I highly recommend this book.
8 of 8 found the following review helpful:
Comprehensive and helpful for all tradersMar 18, 2012
By Plano Geek
Volman's book covers what to expect from a trading career. Though there is not a specific chapter on trading psychology, the book offers practical advice on the many psychological pitfalls that doom a trader. If you are not already a trader, you will learn what to expect emotionally from trades. If you are trading now, you may learn to cope better with the emotional traps.
The best chapter is called "Tipping Point Technique". It shows many examples on how to manage a trade once in it. Even if you do not scalp, you will learn when is the proper time to move your protective stop. You could use Volman's techniques on swing trades.
A chapter called "Unfavorable Conditions" will help anyone learning price action to read its context. It shows examples of when the conditions or context is not favorable to taking a trade. You will learn to sit out trades and not care that they worked anyway (outcome doesn't matter in trading).
Volman's setups are for scalping using price movement (or its lack). He breaks down his setups into 2 categories: a trending market and a range bound market. The trend setups work very well. It took me a little longer to get the range setups to work for me because I had to find the right time frame (tick count) for my charting platform. You don't have to use his range setups. But reading his chapters and studying his examples will help improve your ability to judge the pressure between buyers and sellers. Then you can come up with setups that work for you.
The chapters on the setups show "textbook" examples. In other words, they are usually a chart of the "ideal" setup with "ideal" conditions. It helps you to learn and visualize the setup. But the market is seldom "ideal" which is why the chapter on "Unfavorable Conditions" is a must read to thoroughly understand and recognize the weak versus strong setups when trading live.
I think this is the first trading book that I have given 5 stars. It is worth every star given.
8 of 8 found the following review helpful:
Most ExcellentMar 05, 2012
By Daniel Lockhart
For some time I have wanted to jump into learning price action trading. The trouble is, there is not a lot of material out there. Of course, there are Al Brooks' excellent books. But, if you are like me, digesting and understanding Brooks is like unraveling riddles of the sphinx - most difficult and fraught with expensive mistakes. Enter Bob Volman's book. Volman's lucid treatment of what could be a dry subject is refreshing. Volman's writing is clear, sometimes funny, and terribly engaging.
Volman presents each chapter with a general introduction to an idea. He then proceeds to give many examples with much, much commentary. At first, I was a little dissapointed with the book. Flip through it, and there are relatively few charts. But, it is only an illusion. There are few charts per page because Volman explains so much for each chart. And again, the reading isn't dry. Volman has a witty flair for English and a dry sense of humor that makes the multi-paragraph (and page) commentary for each chart seem like a short figure caption.
This is the real stuff, too. No smoke and mirrors, laggy indicators and outlandish performance metrics. Read Volman's book, and turn a simple candlestick chart into an amazing drama of tug-o-war.
See all 14 customer reviews on Amazon.com
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