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

I haven't written a review on Amazon before as i deem it too time-consuming. However, i am so impressed with this book and the author that i simply had to. As a newcomer to trading, this book has been incredibly helpful. I realize that the conversationist style of the author may put some people off, however it is really good in making you remember things, which is what i want from my trading books. This being the second book on trading that i am reading, my understanding of price action has skyrocketed. I cannot speak for the professionals as i am approaching this from my own perspective, however i highly recommend this book as an introduction to new and intermediate level traders, approach it as a block of knowledge and not a guide. I would also recommend that one would have to read it again and again, as with many of the reviews here, as a number of charts and analysis can be difficult to remember at times. Also, do not hesitate to buy the follow up of the book

I really enjoyed this book, there was some really nice info on tick charts I had never read before.If you are interested in learning to scalp 1 or 2 pips on a regular basis then this is a really good book and Bob puts over lots of quality methods and examples.Personally even though I enjoyed the book and had some success with the methods, I found there was too much noise in these low timeframes and you need to be eagle eyed and have the reactions of a fighter pilot to make regular profits.Plus unless you have market data from a source like Bloomberg or TradeStation etc you are only going to see your brokers price data and nothing else which puts you at a disadvantage as your only ever seeing part of the picture which is huge when it comes to scalping these smaller timeframes.

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.

Bob Volman is an exception in the world of trading book authors in that he under sells the book. Whilst all examples relate to 70 tick eu/usd they could just as well be for any commodity tick chart printing bars in 30 sec on average. His principles in fact apply to any tradeable commodity and indeed to any time frame.Much of content boils down to a condensed version of Al Brooks's publications, but it is written in a much more coherent manner and far easier to assimulate.If he decides to re-name next edition " Traders Bible" to widen the audience a lot of the dubious authors and web based gurus who consistantly over promise and under deliver will soon fall to the wayside.

Not a work of literature but this is one of the few trading books that genuinely helps the reader to read price action, so I suppose I have to give it 5 stars.But a note of caution: The set ups won't work forever and, indeed, may not longer work. The value of this book is the insight it gives into how to read price action and also seeing the disciplined appraoch that the author adopts.

Ok

good

I havent finished reading the book yet,but it is a great addition to my trading library and definitely added to my understanding of scalping in particular and trading in general. Would recommend the book for folks who are serious about trading and improving their understanding and trading techniques.