Forex Price Action Scalping by Bob Volman
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 Forex Price Action Scalping 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.
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 (The three volume set has superseded the link provided above.)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.