Forex Price Action Scalping an in-depth look into the field of professional scalping

359 Pages·2011·6.155 MB·English

by  Bob Volman

FOREX PRICEA CTION
SCALPING
ani n-dleopoitknht t hofie e ld
ofp rofesssciaolnpailn g
Bob Vo/man
Copyr©i g2h01t1b y B obV olmaAnlr.li ghrtess erved.
PublibsyhL:ei dg Thotw ePru blishing
ISNB 978-906-419-1002
ProRealcThiamruets sew di tphe rmisosfPi roonR Teiamle.com
Nop arotft hipsub licamtaiybo enr eprodudciesdt,r ibuttreadn,s miiontra tn ey d
fromo rb ya nym eanisn,c lupdhiontgo corpeycionrgd,oi ron tgh,ee lre ctorro nic
mechanmiectahlo wdist,h othupetr iworri tpteernm isosfi oatnhu et heoxrc,e pt
int hcea soefb riqeufo tateimobnosd iinec dr itriecvailae nwdcs e rtoatihne r
noncomrmceiuaslep se rmibtytc eodp yrliagwhF.to pre rmisrseiqoune wsrtist,e
tot haeu thaottr h aed drebsesl ow.
[email protected]
Exceropftt hsbe o ocka n dboew nlofaordme:d
www.inAfS.owFoPredspsor.mc
DisclaTihmipesur b:l iciasst oilodenle ys igfnoetrdh p eu rpoosfie nosfr mation
ande ducatNieoint.th heperu blinsohareu rt hsohra ll bfeo arln iyla obslse,
claiomrds a maigen curred by aasan c yo npseerqsuooenftn hcuees oef o,r
reliaonntc,he ce o ntehnetrse in.
TabloefC onetnst
Preface V
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Sect1iT ohneB asiocfSs c alping
Chapt1Te rra diCnugr rencies 3
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ChaptTehreT i2c Ckh art 7
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Chapt3e:Sr c alpaisan B gu siness 13
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Chapt4e:Tra rgSetto,ap n dO rders 19
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Chapt5e:Trh eP robialbiPtryi nlec ip 27
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Sect2iT orna dEen tries
Chapt6e:Tr h eS etups 33
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ChapteDro ul7beD: o jBir eak 39
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Chapter B8r:e aFki rst 61
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Chap9te:Sre coBnrde ak 79
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Chapt1e:0Br l oBcrke ak 190
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Chapt1e:1Rr a ngBer eak 137
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Chapt1e2Ir:sn idRea ngBer eak 157
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Chapt1e3Ar:d vanRcaendg Ber eak 209
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Sect3iT oarnd eM anagement
Chapt1e4Tr:i ppPionigTn etc hnique 241
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Sect4iT oarnd eS election
Chapt1e5Ur:n afvoraCbolned itions 283
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Sect5iA ocnc ount Management
Chapt1e6Tr:ra dVeo lume 309
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Chapt1e7Wr:o rdosfC aution 321
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AboutthA eu thor 323
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Glossary 325
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Inedx 345
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Praecfe
Evesri ntchede a yosfo ldt,h mea rkehtasvs euf efrendo s hrotaogfe
voluntreeeartdosys acritfihceseme lvoents h eeve rr-ogwibnagt tlefields
ofs upypa lndd emanFdo.ur nte-hunptleurnsg,ge armsb,l emriss,fi ts,
andam otlcerye owfo ptimainsdat dsev nturaelrhlsa ,vr eo amed, and
wilclo ntitnoru oea mt,h mea rketpilnsa ecaer fcrohq uick-aasnyd -e
gainYse.nt o o thveern thuarlsee tdom orcea rgneoa f campoirtbear lo,­
kend reaamnsds hattheorpeedts h,at nh aec otfr ecklsepsesc unl.a tio
Stranegneolyu gdhe,s ptihtieel l-bfocadtiasnn gdt hpea iunlff tae
of tahlolws heo p erisbheefdoh rie,mt htyep ictarla dsetris lhlo wusp
ont hsec ewnheo lulnyp repaArnedtd h.o wsheo d ot akteh ter outbol e
buitlhde msealm veetsh oidnm, o sitsn tansceeesm ontlopy o stpone
theiinre viftlaalbO.lnt e h sel ippselryoo pfte h lee arnciunrgvt eh,i ngs
cagne ptr etutnpyl easaanndmt a nnye ver rfeorcmot vhteeur i tbiiolnl s
preseonntt ehjdeo bN.ost u rpristihnihgsall sye t,doa ne ndldeesbsa te
ont haec tufaaels iilbiotfy profittraabdliiennw g h,i cshk eptaincds
romanfitgihcotsu atb atotlfte h eoiwrn .
Tot hsek epntoid co,u btth,ge l oriifimeadgo efa c onseinstptlry­o f
itabtlrea dseere mhsi ghsluys peAcfttea.rl tlh,oe n loyn ewsh oh ave
alwsap yrospeirnte hdte r adfiienlgad t,t h eex penosfte h ieg norant,
arber okevresn,d oarnsdc levmearr kertsAe.ne di f ialtr eihasad rytd o
picthuirmeesl afp roficient ilnovnegss-tutorverir vmti hnoegd dtsh,e n,
suretlhye, iodfae c ao nsstienptrloyfi tsacballemp uesrbt e b ordering
v
ForPerxiA ccetS icoanl ping
ont hied ioTtois cet.eh sek eptpioci'nostn ,eo nly nteofe lodlsot wh e
rotueo fc ommolno giinacl :i onfeb usinwehsesrs eo matnryar dshe ave
triaenddf, ia letdos, u ccuelsylts rfatdhele o ng-cthearrmtt hso,vs een ­
turionugot n t hmei inatufarrmee csa no nlbyes etttihnesgme lvueps
froa ne veung lfitaeera, n daf sateorn aet t hat.
Andi ndetehdse,h orttheteri mfear met,h meo reer ratthimeco ves
ont hceh aratn;dw itshp reaadnsdc ommissciuotntsdi enegip no t a
scalpaevre'rsat grdeae t,h oed ds sseteamc akegda insetn ttehrep rise
formt hvee royn seStu.c cesstso rairefeswe andf abre tweaenndi t's
hartdon otta kneo toeft hseo bersitnagt itshtaaitpc pse taocr o nfirm
alrlee srviaotnastl, e awsatym orteh adne fyt hem.
Thabte insga isdk,e ptaincdss t asttiiocfsc ,o urssheo,u nledv er
demroalitzhdeee dicaStceadl.pt ihncegh arptrso fitoanba lc yo nsis­
tenbta siisbs y n om eanasni llusNiodoron e.is ht a vteot akyee atros
acqutihrneee cseasrsyk ilIitl sdso .n eev edrayya gabiynm antyr aders
alolv etrh mea rkeatnsdi, t bcead no nbey a nyownheo i sd etermined
toe ducahtiem sperlofpl yea rndd ilitglieyn na lals peocftt sh fiee ld.
Thet ruies siusne o tth feae sibyoi flp irtofitsacballepb iunstgi mypt lhe
quaylo ifot nsee 'duciao.tn
Evesno, s calpmianyng o t fbroee v ernyeIo.nf o theilnsgte h,ib so ok
coubleda ne xcelwlaeytn otfi nd oIutstso. l oejb eicvtiest os hotwh e
readaelrl tihste okr neo awb outth per eosfsitooen fe fctitvaekloeyn
thjeo hbi smelCfo.u ntlcehsasrs test,u apnsdt raedxea mpwlielbsle
presetnotf eudll y itnhngeer caseiansrt ye chniiqnutteohsm e i nd.
Thec ontroaffc cotu si na lolft he cocmhianpgtw eirlbselt heeu /r
usd curprae.iTn roca y nimble scianlspterrui,ms ae ntna htbi sso lute
deliIgothf etfr.hs i hglrye pteitviien tracdhaarya rcitsest,ail codwe aling
spreaanddi sa ccesstoie bvletenh sem alloefts rtar dseh;o wevseirn,c e
priaccet iporni ncairpqelu eisut nevi ersnaoltt,o moa nya djustments
woulhda vteob em adteo t akteh mee thtooad n otmhaerrk weitts hi mi­
lavro layta inldai tttratcrtaidvcieon sgIt nst .h arte sptehcigtus,i mdaey
sermvaen nyo no-rFetxr adaesrw se ll.
Theb enefiotfss c alpairnpegl eyn atnds peafkrot hesmeelsvJ.u st
ones ilnecg harNtof. na ciy ndicaOtnoeri-scc.ikl na ndo utE.v eyrthing
presAentdo. p portuanbiotuiinends aalnm orsetp evteli otoip.
VI
Prfaece
Havea l ooaktt heex ampbleel oFwi.g uPrI.ei sa s napsihmoptr es­
sioonfw haats calpcehra'orsftt h eeu /ru scda nl oolki kTeh.ev ertical
axissh owtsh per iocfte h ien strutmheheno tr;iz onaxtiasdl i sapyltsh e
passoifnt gi maen dt hceu rvleidni ent hceh airsat n e xpotniemanolv ­
inagv er,at gheoen yli ndicaaltleoodr.wT heb oxeesn capsusloamotefe
thper iaccet ipoant tetrhnawste w igleltt od iscluastsoe n.r
........P..r..o..R.e.a ITime.ecuorm/ usd
1.402
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15:2165 :315:236 '5:�15:O44 15:521 5:56 16:00 18;04 16:08 18:12 15:16 16:20 18:24 16:28
Fiugre P.1I nj usatl itutnldeea rnh outrh,me a rkoefetfr ean da lesrcta lnpuemre r­
outse xtbtordoaeks .
Tob uials do lfiuodn datbieonne aats hc alpmientgh oidwt,i lnlos tu f­
ficteo m eredleyaw li tthh tee chnsiicdoaelft rasdeel oencWt.ei h ave
to exaamlailsn pee ocftt hspe r eosfsifoormne vepryo ssiabnlgseloe a s
to fiplotteern tdiiasplrtluiyev lee mecnotmslpe toeulty t hoeefq uant.i o
Eacohft h ceo micnhga ptweirtlsal k oena p arotft hjeo runeWye.w ill
delivnett ohs ep eciofifcc hsa sretl enc,pt riiobceeh avpiaotrt,e rn recog­
nitni,fo avroabalned u nafvorambalrek estestp,us e,n trainedes x its,
targaentdss tops, antdrt arpissc,pk syclhoogiicsaslu aecsc,o unting
matters-baasntiyhciatnlhlgay ct o metsop asisnt hfiee lodf perso­f
sionsacla lping.
VII
ForPerxiA caeiS ocna lping
Whethae bre ginntirnadgae srt,r uggolnieon,reg v eanv eteirna n
othfieerl odfss p ecunl,aIs t iienorcehloyp e thiwsi blelbe ojnoyoke bdy
alaln dt hawti thiitpnsa getshn ee cseasriyn formiastfu ionodnt ob e
ablteos caolnpe w'asy thrtohumega hr kferotm anpyr ofityaebaltreos
comTeh.i s wwionlrolkit n stuhlrete ader's ibnyst heolwliihngigem n ce
alkli nodfss tfut fhadton ot retflhreeec atl oiftty r adiTnhgee.ri sn o
plowtihnrgo uegnhd lcehsasp toefmr esa ningblaebsbasln edi ndsutry
gobblekd.yF gooroePrixc eA ctiSocna lpitnrgu ilsay b oustc alpIitin sg .
writbtyea nt radaethr e aratn,da ta ltli mweist thh aes pirtirnagdi enr
mind.
Freeex ceropftt hsbe o ocka nbe d ownlofaordme:d
www.nifoFP.AwSoredspsr.com
VIII
iSection
1
TheB asisc ofS calpnig