FOREX PRICE ACTION SCALPING an in-depth look into the field of professional scalping Bob Vo/man Copyright © 20 1 1 by Bob Volman . All rights reserved. Published by: Light Tower Publishing ISBN 978-90-90264 1 1 -0 ProRealTime charts used with permission of ProRealTime.com No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the author, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law. For permission requests, write to the author at the address below.
[email protected] Excerpts of the book can be downloaded from: www.infoFPAS .wordpress.com Disclaimer: This publication is solely designed for the purposes of information and education. Neither the publisher nor author shall be liable for any loss, claims or damage incurred by any person as a consequence of the use of, or reliance on, the contents herein. Table of Contents Preface .................................. . . . ... . . . .... . . ........... . . . .......... . . . ............... . . . . . . ...................................... V Section 1 The Basics of Scalping Chapter 1 Trading Currencies Chapter 2 The Tick Chart ................... . . ........................... . . . ......................... ............. ............................. ............................. ....... ................................. Chapter 3 : Scalping as a Business . . . . . . . . . . ..................................... . . ..... ......... ............... Chapter 4 : Target, Stop and Orders Chapter 5: The Probability Principle . . ........... . . . . .......................................................... ........................................................................... 3 7 13 19 27 Section 2 Trade Entries Chapter 6: The Setups . . . . . ................. . . . . . . . . ................................................ ....................... Chapter 7: Double Doji Break Chapter 8: First Break . . ........... . . . ............ . . .......................................................... ..................... . . . . . . ...................... ..... . . ....................................... . ...... Chapter 9 : Second Break Chapter 1 0: Block Break ........................ ........... . . . . . . . ...... . . .............................. ................ . .. . . ....... ........... . . .... . . ...... . ..... . . .... . . . ...... ........................ ............. Chapter 1 1 : Range Break .......................................... . . ....... ............................ . .............. Chapter 1 2 : Inside Range Break .......... ........... . . ............ ............. ................ ................ Chapter 1 3 : Advanced Range Break . ....... ..................... ..... ...... . . ............................... 33 39 61 79 1 09 137 1 75 209 Section 3 Trade Management Chapter 1 4 : Tipping Point Technique ............................... ........ ............................... 24 1 Section 4 Trade Selection Chapter 1 5 : Unfavorable Conditions . . . . . . . .................................. ................................ 283 Section 5 Account Management Chapter 1 6 : Trade Volume .............. .