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Bob Volman - Price Action Scalping
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Bob Volman - Price Action Scalping

  #111 (permalink)
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00cedge View Post
70 tick seems too fast for me so I'm hoping Volmans 5 minute setups will work on a 300 or so tick chart. Tick charts seem to respect channels etc more precisely than other chart types.. Atleast better than range and renko..?

Price action setups work on all chart types (time charts, volume charts, tick charts, etc.). Find one that suits you and stick to it. The goal is to pick a chart that has enough setups and isn't too fast for you to process.

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  #112 (permalink)
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Magiklair View Post
That is a great price action manual. Lots of examples and there's also his YouTube videos. I actually downloaded about 100+ of them for review... You can go wrong with that purchase.. I just wish he had a video course as that seems to help me learn better.
Regards,
Brian

Hi Brian, I see that Mack now has a video course in his premium membership. I'm no longer scalping, As Laqiuc said you need to be genius to be a scalper, that I am most definitely not , but I use the same principles on a larger chart

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  #113 (permalink)
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00cedge View Post
70 tick seems too fast for me so I'm hoping Volmans 5 minute setups will work on a 300 or so tick chart.

I know you made this comment a couple of months ago, now, but I've only just seen it (sorry) and was wondering if you've been trying this and how it's going?

I think the principle of substituting a tick chart for Volman's M5 charts is a perfectly valid one (and I think he'd say that, too), but he says that a 30-second chart is the RTH equivalent to a 70-tick chart, on the Euro ... so that would put his 5-minute set-ups onto more like a 700-tick chart, I think?

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  #114 (permalink)
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Tymbeline View Post
I know you made this comment a couple of months ago, now, but I've only just seen it (sorry) and was wondering if you've been trying this and how it's going?

I think the principle of substituting a tick chart for Volman's M5 charts is a perfectly valid one (and I think he'd say that, too), but he says that a 30-second chart is the RTH equivalent to a 70-tick chart, on the Euro ... so that would put his 5-minute set-ups onto more like a 700-tick chart, I think?

Hi Tymbeline,
I guess it depends on your brokers feed but I traded a 200 tick on EU for a few months. which is about a 2,5 min chart. I didn't trade Volmans setups and I had only read his first book at the time, not the 5 min one, so I don't really know the setups.
I was trading a version of Macks "PAT" that I modified to fit forex. The first break and second break trade types of Volmans are similar to how I traded. I did not trade range breaks at all.

I find that the 200 tick charts is not very different from the 70 tick in that you will have as many setups the info is just a bit filtered which I prefer. Personally I don't think a single candle can justify a good entry i'd say context and area are far more important. At the moment I'm trading with 30 min tick charts as a guide then I use a combination of smaller charts to trade the turns of the bigger chart. So I'd say tick charts are effective no matter what "timeframe" you use.
Anyways sorry I couldn't be much help, maybe send me a PM and we can discuss ideas
Cheers

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  #115 (permalink)
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00cedge View Post
I'd say tick charts are effective no matter what "timeframe" you use.

I hear that: that makes sense to me, certainly.


00cedge View Post
I find that the 200 tick charts is not very different from the 70 tick in that you will have as many setups

I see. That really surprised me! (I've never looked at 200-tick charts, I must admit).

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  #116 (permalink)
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where can i find volman's videos on youtube?

just got a copy of UPA. can't wait to read it.

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  #117 (permalink)
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macroarb View Post
where can i find volman's videos on youtube?

just got a copy of UPA. can't wait to read it.

Volman has videos? You not referring to PAT? https://www.youtube.com/user/PATsTrading
There is a Bob Volman community, I think its these guys? wallstreet2easystreet

I got over scalping.. finally. you either have it or you don't. Swing trading is 100 times easier and hence more profitable (at least for me)
I know Mike tells people all the time to trade longer term - I second that!

All the best

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  #118 (permalink)
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i'm not convinced that a particular style is easier tbh. i'm also medium term macro focused, but when markets are tightly range-bound and vol is low, or worse sporadic, short-term trading is one of the few methods that delivers returns.

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  #119 (permalink)
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macroarb View Post
i'm not convinced that a particular style is easier tbh. i'm also medium term macro focused, but when markets are tightly range-bound and vol is low, or worse sporadic, short-term trading is one of the few methods that delivers returns.

That's sounds like a good way to do it. I find that the smaller I go the tighter my R/R becomes and win-rate drops mainly due to ill discipline. but that's just me. All the best man and let us know how it goes.

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