Hello guys! I would like to start a thread about Bob Volmans trading style. I read his book (Forex Price Action Scalping) some weeks ago and found it very helpful for those who would like to dare in the scalping field. He trades on a 70-tick-chart and all his trades are based on price action. He doesnt use any indicators except 20 EMA. In his book he describes 7 setups with many examples.
I will post all my trades here with some short anylisis. For this purpose I will use a demo account first to get confident, After some weeks, if I feel comfortable, I would try it on a small real account. I would also like to see some other traders, who use Volmans methods, to post some charts and learn with me. If you have questions about the method, so feel free to ask!
Thread Rules
- Not a word about other strategies! I want to keep this thread clean, so new traders can learn too!
- No indicators! (except 20EMA) So keep your charts cleen!
- No negativity! If you think its not possible to make money on such small "timeframes", so its your opinion and keep it by yourself. I know people, who are profitable with it consistently. This thread should stay positive as I am!
- No hate!
About myself
My Name is Andrey. Im 25 and have about 6 years trading experience. Im an economy student and a part-time trader only trading long term charts so far. Im pretty profitable with my trading since 2 years now, but my goal is to learn trading on very short-term charts too. Im sure I will master it!
My friends, lets get started!
PS: Over time I will add some more information to this first post to make it easier for those, who are new to the thread. If you`re waiting for me to post the rules of this method, so youre wrong here. I will NOT do it, because I have much respekt for Bobs work! If you want to get started with this method, so you can get his book on amazon. It doesnt cost much.
Shortcuts
DD - Double Doji Break
FB - First Break
SB - Second Break
BB - Block Break
RB - Range Break
IRB - Inside Range Break
ARB - Advanced Range Break
T - Tease Breakout
F - Fake Breakout
RN - Round Number
I will post all my trades here with some short anylisis. For this purpose I will use a demo account first to get confident, After some weeks, if I feel comfortable, I would try it on a small real account. I would also like to see some other traders, who use Volmans methods, to post some charts and learn with me. If you have questions about the method, so feel free to ask!
Thread Rules
- Not a word about other strategies! I want to keep this thread clean, so new traders can learn too!
- No indicators! (except 20EMA) So keep your charts cleen!
- No negativity! If you think its not possible to make money on such small "timeframes", so its your opinion and keep it by yourself. I know people, who are profitable with it consistently. This thread should stay positive as I am!
- No hate!
About myself
My Name is Andrey. Im 25 and have about 6 years trading experience. Im an economy student and a part-time trader only trading long term charts so far. Im pretty profitable with my trading since 2 years now, but my goal is to learn trading on very short-term charts too. Im sure I will master it!
My friends, lets get started!
PS: Over time I will add some more information to this first post to make it easier for those, who are new to the thread. If you`re waiting for me to post the rules of this method, so youre wrong here. I will NOT do it, because I have much respekt for Bobs work! If you want to get started with this method, so you can get his book on amazon. It doesnt cost much.
Shortcuts
DD - Double Doji Break
FB - First Break
SB - Second Break
BB - Block Break
RB - Range Break
IRB - Inside Range Break
ARB - Advanced Range Break
T - Tease Breakout
F - Fake Breakout
RN - Round Number