Forex price action scalping bob volman ebook login

It can be evenly distributed into several trades and buy as the price decreases during the formation of the next after the pattern candle. However, this may not be the case, so the decision must be made by the trader, based on his principles of risk management. It can happen that in the pursuit of higher profits he will miss a good entrance and then everything will not be so profitable.

The stop order should be placed behind the lower shadow. At the same time, it is advisable to make another small indentation of a few points, because in Forex there are sharp and rapid movements that can bring down the stop, which is right behind the shadow of the Hammer. One should not go too far away. On the H4-D1 scale, pips are enough. There are traders who believe that the Stop should be placed farther away, but the transaction should be closed manually if the next candle after the Hammer completely overlaps its range and closes below its lower shadow.

This has some logic to it, there are a lot of examples when the price broke out the Stop and then ran upwards. If you use the variant with split entry, then you can also put a separate Stop-Loss - one below the shadow, and the second farther away. As for the Take-Profit, we can select one of three options: We set a Take-Profit equal to the size of the Hammer candle, i.

This is a practical observation, which is also peculiar to some patterns from the graphical analysis. Price Action Strategy 2: The Shooting Star The shooting star is a bearish reversal pattern consisting of just one candle.

It is formed when the price rises significantly, and then a correction occurs, leaving a long wick at the top of the candle. The long wick should be at least half the total length of a shooting star candle. Also, the closing price should be near the low of the candle. As a result, a bearish pattern is formed, because the bulls couldn't keep the price at higher levels. A similar pattern is observed in the Inverted Hammer pattern, but the inverted Hammer is a bullish reversal candlestick, contrary to the bearish pattern of the shooting star.

The latter appears after an uptrend, while the inverted Hammer appears at the end of a downtrend near a support level. What is noteworthy, the shooting star candlestick gives traders the same signal, regardless of the asset forex, stocks, crypto. Because of its simplicity, a shooting star pattern is a great tool for novice traders. The algorithm for detecting a shooting star candle is very clear if traders strictly adhere to the theoretical framework described.

However, it should be noted that sometimes the shooting star pattern signal may not be confirmed because a single candle may not be the most important one in the general trend or market dynamics. For example, a candlestick might occur near an important resistance level, but after a "break" the bulls might increase the pressure and break it down.

Therefore, a proper risk management strategy is very important when using this candlestick pattern. It "backs up" the trader in case the situation develops negatively for him. Trading on this figure is quite simple. First, the candlestick implies a further price decline, so traders aim to open a short position when a shooting star is detected. Since the bears had previously fought back near the top of the shooting star, traders set a Stop-Loss at the recent high of the price swing.

After the formation of a shooting star, the price often corrects and temporarily returns to levels above the low of the wick. An experienced trader may wait to enter the market at the midpoint of the wick, rather than opening an order immediately after the close of the shooting star. It means that the trader opens a short position at a higher price level closer to the Stop-Loss, which reduces the level of risk.

Regardless of the chosen entry point, the Stop-Loss level will remain unchanged. As for the profit target, traders often set the Take-Profit level at least twice as low as the Stop-Loss level relative to the entry point. It is formed in a trending market and is a combination of 2 candles of different sizes and directions.

The pattern serves as a signal of a possible change of trend. The combination can be described as follows: A candle with a pronounced body and slight shadows in the direction of the trend is formed. This candlestick is called a "mother" candlestick. It is the opposite of her in direction, called the "child. Here is the essence of the pattern. If after the second candle, the asset starts a strong move in the opposite direction, it means the trend began to change and it is possible to open the appropriate position.

The Harami pattern reflects the market sentiment with a weakening trend. They're making a last-ditch effort to drive the price down or up, which is reflected in the "mother" candlestick. After that, a "child" is formed, which shows the uncertainty of traders. And when the asset makes bright moves in the direction of the new trend, it becomes obvious that the old trend has lost strength. Harami is used in real trading as an additional signal confirming a trend change.

When entering the market, it is important to analyze exactly where the pattern was formed and how the asset behaved afterward. Several additional factors increase the chances of success: The application of Harami is only possible if there is an established trend. In this case, the longer the trend exists, the more probable is the appearance of the reversal signal.

The assumption of a trend reversal can be made only when the model has already been formed and the corresponding opposite candles have appeared. The larger the bodies of those candlesticks, the more certain they are that the reversal has occurred.

It is important to pay attention to the fact that the first bar after the pattern closes appreciably higher than the Harami. If the Harami is formed near an important support or resistance level that has already been tested many times by the asset in history - this is another reason to enter a trade. If a "child" candle is formed without a body or with a very small body Doji - this greatly increases the chances of success.

It is a very important skill for traders to skillfully combine the use of patterns and technical indicators. For example, if there is an increase in volumes on the chart along with the formation of the Harami - it gives much more reason to place an order. Finally, the time frame analyzed by the trader is also vital. Usually, the Harami is not considered at intervals below one hour. Harami cannot be called a win-win candlestick pattern. If you trade this pattern, you will have both triggered Stops and trades that closed at breakeven.

But if you learn to filter this type of pattern, you will get a reliable tool for making money. A bullish Hammer appears in front of the Harami, which gives the first clue that the trend may reverse. A bullish candlestick opens and closes within the range of the previous candle.

The RSI indicates that the asset is oversold. It may entail that the bearish momentum is reaching the low point, but traders wait until the RSI crosses the neutral line 30 pips again for confirmation. Stop-Loss can be placed below the new low, and traders can enter when the candlestick following the bullish Harami pattern opens. Since Harami candlesticks theoretically appear at the beginning of an uptrend, traders can use several target levels to maximize profits from the entire uptrend range.

These targets can be located at recent support and resistance levels. When scalping, candlesticks can also be useful, for this it is necessary to keep a list of the best and most common patterns. Another obvious advantage is that we can have a lot of signals in low time frames because appropriate trading situations will occur quite frequently. So, scalping according to the Price Action is based on the following principles, which are carried out sequentially: Identify potential reversal areas on the chart.

This is the most important thing, and it is exactly what will allow us to apply scalping, candlesticks are more suitable for higher time frames, and the presence of such an area is simply necessary. They are not difficult to find. We will use the simplest option - the area of support and resistance. To do this, it is necessary to identify the levels in a high time frame on the chart.

For example, if we trade in the periods from five to fifteen minutes, then supports and resistances will be marked on hourly and four-hour charts. This can be explained by the fact that the reversals should be significant. With M5, the price can make 10 reversals in the same place even during one trading day; that is, such levels should not be taken seriously.

When the price approaches this area and breaks it out, it is a key moment, as the reversal will happen. Sometimes the price can easily pass such a level, but we should not think about it at present. So, the price reaches the reversal area, after which it forms a reversal signal. In our case, it needs to be candlestick pattern, even if it is formed in a low time frame. So, the appropriate and most common combinations when using scalping are Engulfing, pin bars, rails, and outside bars.

These patterns should be studied carefully, they work perfectly in low time frames. Trading itself. We have an important reversal area, we have a combination of candlesticks, now we can consider entering the trade. As we mentioned earlier, the possibility of trading is because there are the first two factors.

Hank Pruden. This book is geared towards developing mechanical trading systems with price action behavior. Overall, it does an excellent job of deriving exceptional trading setups from price action. Traders looking for new trading ideas should find interesting stuff here.

The Yum-Yum continuation pattern is an example of a setup from this book. A Complete Guide to Volume Price Analysis by Anna Coulling I decided to include this book because many price action traders use volume in their price analysis. And notably, Al Brooks does not feature volume in his trading methods. Hence, this book is a great complement to the Trading Price Action series for traders who like to include volume in their trading. This book is a concise work that covers everything you need to know about volume analysis.

Although volume is a key ingredient in Dow Theory, most traders find it hard to truly understand the impact of volume in their trading. Most volume trading methods are obscure and difficult to implement. In her book , Anna Coulling has managed to keep things simple and practical. This book is a real bargain for traders looking for their first book on volume analysis. Using solid market data and statistics, it presents: Chart patterns identification guidelines Success and failure rates in both bull and bear markets Optimal accompanying volume patterns Trading methods including exits Characteristics of failed patterns While this book does not prescribe an exact trading strategy, it has more than enough facts and figures for you to build your own trading tactics and to have faith in the patterns you are seeing.

This book has no equal when it comes to a statistical study of price chart patterns. Trend Qualification and Trading by L. Little Identifying the trend or the lack of one is the cornerstone of successful trading.

It applies not only to price action traders but to traders of all styles. Hence, it certainly deserves more attention than just a simple definition. What L. Little attempted in his book is commendable. He constructed a framework to qualify trends and to find the best among them, using only price and volume. This idea of using price and volume to confirm trends is attractive to price action traders who want a minimalist trading style. Price action traders commonly delegate the job of defining the trend to moving averages or simple trend lines.

Little goes further and takes a hard look at the structure of trends to assess their quality. While the concepts are not revolutionary, the trend-oriented approach in this book is beneficial and offers a different perspective on trend trading. The Anchor Zones is a concept from L.

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In fact, if we would also wrap a box around a group of dojis that make up a typical DD, we would basically create a miniature BB setup. The same goes for the SB pattern as a whole, though be it that the entry in this setup usually shows up before the highs or lows of the complete pattern are taken out. But make no mistake, when it comes to the BB setup, we are not just dealing here with another trick to take a with-trend trade at the end of a pullback, although that is one of its functions.

What gives this pattern its unique quality and personal character is its multipurpose application. This setup could essentially show up anywhere in the chart, while still conforming to the requirements of a tradable event. Its abundant presence makes it one of the better weapons to tackle almost any market, trending or not.

There are some factors to assess, though, before we can start to regard this pattern as a valid setup. We cannot simply trade any odd block break and expect the market to take off for at least a 10 pip run. But what exactly is a favorable market? As we have already observed, a pullback in a trend, for one, leaves little room for discussion on that part. But how about a sideways market that just printed a nice double bottom and a higher bottom in support? How about a market that broke so violently that countertrend traders cannot even force a noteworthy pullback in it?

How about an uptrending market that shows clear signs of resistance, like double tops and lower tops? And what about a market that seems chaotic in any respect, apart from the fact that it successfully slammed back all attempts to break a round number zone? The situations above, just randomly chosen, may be as different from each other as night and day, but they do have one particular characteristic in common: not so much that they paint a very vivid picture of the perpetual clash between the bulls and bears, but more that they show us who is currently winning.

In essence there are only three. In case this pullback is quite extended, the setup may at times show the characteristics of a countertrend trade. This block usually shows up in a very brisk move that just cannot seem to pull back. Whereas a typical pullback seems to move somewhat diagonally against the trend, this one merely travels sideways, forms a block, and then breaks out in the direction of the trend. This block can be found in topping or bottoming price action and even in the midst Forex Price Action Scalping Excerpts of a sideways consolidation.

It can be played with-trend as well as countertrend. In the coming charts we will see all of the BBs encapsulated by a rectangular box, aiding the visual process of identifying the highs and lows within each block. Although it is not necessary to draw these boxes when engaged in a live session, it does come in handy to at least plot the signal line in the chart. That way we can keep a real good eye on the exact break, because the highs or lows that make up the signal line may be several bars apart.

Note: When looking at the chart, it is quite tempting to focus mainly on the moving price action and on the possible development of a tradable setup. Yet the status of the overall picture deserves the most attention. Whatever price bar is currently being formed, it can only derive value from its relation to the bigger picture. It is this wider view on the price action that ultimately determines our setups to be valid or not. Keeping track of the 20ema is just one way of assessing the current pressure in the market, and an excellent one at that.

But the whole array of actual tops and bottoms in the chart determines the overall pressure. More distinctive higher bottoms than lower tops: the pressure is currently up. More distinctive lower tops than higher bottoms: the pressure is currently down. Alternating tops and bottoms: the current pressure is evenly distributed. However, this one little pattern may very well represent the near perfect box, should there exist such a thing as perfection in the tricky nature of the market.

Let us see how exactly this pattern earned its credentials. Earlier on, the bullish character of the market was somewhat curbed by the resistance of the 1. After a little backing and illing, as aimless price action is often referred to, the market drifted lower in the next 30 minutes of trading and then established its most distinctive low so far 2. Of course, we can only identify this low once the bulls start to buy themselves into the market again and take prices back up. Since it is our primary intention to trade this particular chart to the upside, we have to wait patiently for some sort of resistance to come in.

Now that we have a high and a low to go by, it is just a matter of following the price action until anything tradable develops. Preferably, we like to see a number of equal highs hitting the potential signal line, but the market is not always so kind as to serve a trader on his every Forex Price Action Scalping Excerpts wish.

Should prices break out immediately, then that is just too bad. There are many ways to play the market and should a scalper have to forgo a particular setup, then he just moves on to the next tradable event. Either to get in or to get out. Within the setup, a number of higher bottoms can be counted 4, 5 and 6 , lending extra credit to the possibility of a bullish breakout.

As the coil is now being suppressed to the max, something has got to give. We can imagine it to be the signal line, but as clever scalpers we will never act before our turn. Notice how gently the 20ema eventually guides the bars through the top of the box, literally pushing them out. We could say it is a miniature box within the box itself.

The subsequent reaction to the break speaks volumes. With the 1. Note: Similar as in the previous chart Figure Would that not be worrisome? To a tiny DD pattern it most probably would. There may just be too little tension building up within the dojis to counter the resistance overhead.

But the BB pattern, in that respect, is quite different: it has tension written all over it. Which is also why the break of it stands to cause a sharp reaction. Once the defenders give up and step out of the way, the path is usually cleared for at least a number of pip.

Aspiring scalpers, when slowly taking a liking to this method, are recommended to study the characteristics of boxes like those of Figures Hardly a session will go by without these very tell-tale patterns showing up in the chart, one way or another. However, it is important Forex Price Action Scalping Excerpts to never lose sight of the overall pressure in the market, because that is what ultimately determines the future direction of prices.

Obviously, assessing the overall pressure in a trending chart will not cause much problems. In more sideways progressions, this process requires a little more subtlety on the part of the chartist, as is the case, for example, in the next chart below. Figure Still, the observant scalper may have already spotted a series of almost nonchalantly printed higher bottoms in this sideways progression 1, 2, 3 and 4. When that fourth higher bottom was printed, forming a cluster together with the handful of price bars next to it, things are starting to get interesting.

Both moves seem to appear equally strong, but the one that emerged out of the cluster stands a much better chance of holding up. Not only does it stem from a slightly higher bottom, the fact that it broke free from a cluster puts a solid foundation beneath the current market. This means that if prices were to retrace back to where they broke free from, as they often do, they are most likely to be halted right at the level of the earlier break resistance becoming support.

After all, it is much harder for prices to dig themselves a way through a solid group of bars than when there is very little standing in their way. Notice how prices bounced off of the signal line, a few bars after the break, which clearly shows us the power of cluster support 6. Have a look at the three very small dojis leading up to the break of the box 5. They are displaying in miniature the same pre-breakout tension as the complete box is displaying in the bigger picture of the chart just wrap an imaginary box around the highs and lows of the price action from to At the risk of being overly elaborative, I am pointing this out for a very valid reason.

If you learn to train your eye to recognize these subtleties in a live market environment, you will eventually be doing yourself a tremendous favor. The rise and fall of prices is not a result of somebody swinging a giant wheel of fortune. There are actual people in the market, trading actual ideas, feeling actual pain and actual pleasure.

You may never know for sure what motivates them to do what they do at any given moment in time, yet of one thing you can be sure: their actions are reactions to other traders actions, which is why most of the time everything happens in such repetitive manner. Markets may be random, as it is often stated, but traders surely are not.

Despite the upward pressure, the cluster below and the magnetic pull of the round number above, with-trend participation after the break quickly died out. Eventually, this trade would have had to be scratched for a loss where exactly to bail out on a failing trade will be discussed Forex Price Action Scalping Excerpts in Chapter 14 on Tipping Point Technique.

Although they clearly lost a round, we can expect the bulls in this chart to not just crawl up in a turtle position. Given all the higher bottoms earlier on, they will surely be on the lookout to buy themselves back into the market at more economical levels. The most logical area to pick up new contracts would be in the 1. With the market traveling a few pip higher because of this buying activity, touching the 20ema from below, the bears were now offered a more favorable level to become a little more aggressive 8.

And indeed, they managed to squeeze out one more low 9. They were given little time to enjoy that feat, though, as a large number of sidelines bulls quickly stepped in. It is the information necessary to keep a trader on high alert for another bullish attempt to take control of the market. With no less than six equal highs testing one another, a scalper did not have to think very long about where to draw the signal line of the second box.

That is only an instrument in our own personal toolbox. In fact, in a somewhat sideways environment, buying above it could at times be more dangerous than buying below it. Therefore, from a technical perspective, both patterns here are very similar in nature: sideways action, support holding up, a buildup of tension and a subsequent break.

Take a mental note of the two little dojis right before the break of the second box We will see this duo many times over throughout this guide. Both bulls and bears will be very quick to act, though, should the proverbial jack pop out. As pleasurable as it may be to occasionally stumble upon the near perfect trade, it also poses a rather interesting challenge on the topic of volume versus predictability.

If we were to assign a rating to each individual trade—by counting the number of valid reasons to either skip or trade a setup—and came to conclude that the probability factor is apparently not a constant but varies visibly from setup to setup, should this not force an intelligent strategy to alter the volume per trade in compliance with the degree of predictability?

If so, then that rules out adding Forex Price Action Scalping Excerpts anything extra, no matter how good-looking the trade, because the maximum amount of units are already at work. On the other hand, one could argue that if there is such a thing as a superior trade, then, naturally, there must also be its counterpart, the inferior trade though still possessing a positive expectancy ; when opting to trade the latter, could one not take off volume and tread lightly?

And rightly so. Whenever we picture ourselves to have an edge, each setup deserves to be treated with equal respect, no matter how shady or pretty its appearance. And that means assigning the maximum allowable amount of units per trade to fully capitalize on the principle of positive expectancy. Note: Contrary to common perception, the least important of all your trades is the one you are currently in.

Your current trade, on the other hand, has yet to earn its notch on the historical slate. It is just a trade in process. And it is totally irrelevant whether it will win or lose. Why is that? Granted, embracing a losing trade as if it Forex Price Action Scalping Excerpts were a winner may be stretching it a bit. But the point does show the importance of a proper understanding of distribution in a probability play.

All individual outcomes are just data. The only thing that truly matters is the collective result of all your scalping actions in the market. It can indeed be a mental challenge to have to sit out these times of inactivity, hoping for action and not getting any, especially to those traders who look upon their trading platform as a slot machine in a penny arcade.

A word of caution may be in place here, because these sideways ranges do have the nasty habit of luring a trader in one of two very classic mistakes. This warped sense of reality is typical for a trader who just needs action. The second classic mistake is made by traders who on the surface seem to stay composed rather well in a sideways market.

Up until that one amazing moment that boredom abruptly kicks in. For reasons unbeknownst to themselves they suddenly have to get up to make these phone calls, do their exercises, watch the news on the TV or even take a stroll outside. Anything to get away from that screen and that market! It is a pity that traders are so caught up in the notion that trading trending markets is the only way to go. Contrary to popular believe, sideways markets deliver excellent opportunities, for the simple reason that they have to break out eventually, just like a trending market will eventually come to a halt or even reverse.

With the moving average traveling sideways and price bars alternating above and below it, there is not much to make of it. This is your typical round number zone tug-o-war in the absence of a clear incentive 1. But of one thing we can be sure: unless it is a national holiday, late Friday evening, or lunchtime in an already dead Asian session, price will not stay put for hours on end.

Sooner or later some party will give the market a push and that will be incentive Forex Price Action Scalping Excerpts enough for others to react. The trick is to recognize the buildup that most often precedes it. This is why it is so important to familiarize yourself with pre-breakout tension. What will help is to draw, or imagine, a box around any clustering price action that might lead to a break. By extending the signal line to the right, we can see that the pullback following the break successfully tested the breakout level as well as the broken round number of 1.

That will certainly have inspired a number of bears to just throw in the towel. And a number of bulls to quickly enter the ring. However, despite this potential for double pressure, markets do not always immediately pop. If you look closely, you can see that the top barrier of this second BB setup is not exactly running across the absolute high 2 but one pip below it, across the equal extremes of four consecutive bars.

Here it seems logical to put more weight to the four equal highs than to that one single high sticking out on the left. It would be overly prudent to wait for this high to be taken out, too. But let us ignore our setup for a moment and see what the market has to say about this: it put in a series of distinctive higher bottoms within the course of two hours; it broke a round number zone and saw it successfully tested; it built up towards a possible bullish breakout and now it breaks a cluster of four bars with equal highs.

I think it is telling us to trade. Once again, the breaking of a round number zone trapped traders on the wrong side of the market. In the previous chart, it was a downward break through the zone that not long after turned bullish, here it was an upward break that soon turned bearish. Probably no more than there is to any other break or move that fails or falls short: a lack of follow-through. It is not uncommon to see enthusiasm dwindle in rather subdued markets, or in situations where the round numbers are more of a symbolic nature than that they actually represent true technical levels of resistance and support.

In these cases, it is fair to assume that not too many stop-losses reside above or below the levels. As a result, the price action remains calm; as much as those in position do not see the need to get out, those on the sidelines are not exactly scrambling to get in, either. Interestingly, in the Forex Price Action Scalping Excerpts majority of cases there is indeed a pattern to be spotted.

Everything is very easy in hindsight, yet if you managed to grasp the concept of the forces in play that caused the upside break in Figure Let us examine up close what exactly went on from the moment the third top was set 4. It started to go wrong for the bulls when the reaction to this top a tiny countermove was not being picked up by new bulls in the 20ema a few bars later. That would have been a perfect opportunity to swing prices back up.

From there on, they could have created themselves a nice squeeze by not giving in to whatever bearish pressure and then force themselves a way through the top barrier of the range. In fact, the three earlier tops 1, 3 and 4 would have made for an excellent barrier to trade that upside break from.

However, instead of working on that upside break, the market set out on its way to the bottom of the range again 5 and now even showed a classic triple top in its wake. These are not bullish signs. But there was hope still. After all, the round number zone was cracked to the upside and successfully tested earlier on, and that should at least amount to something. If somehow new bulls found it in their heart to aggressively step in above the 1.

And that would look quite bullish. Forex Price Action Scalping Excerpts Sometimes it only needs one bar to turn pleasurable hope into the idle variety. How about that little doji 7 that stuck its head a pip above the high to the left of it 6. A higher high in a bullish market after a possible double bottom in round number support, that should have attracted new bulls to the scene.

What kept them away? We can imagine it to be the triple top pattern to the left; but it is not our business to decipher or explain the actions or non-actions of our fellow traders. Everything is just information. As observant scalpers our task is not just to monitor a chart, but to look for clues in it.

The more crucial the signs we can assemble, the more we can solve the puzzle of who is possibly toppling who in the market. The best indication to determine the value of a particular chart event is to consider its place in the chart in relation to whatever price action preceded it. To give an example, the tiny false upside break of 7 would have been considerably less indicative had the market not printed that triple top shortly before.

With prices now trapped below the 20ema, the market was on the brink of being sandwiched into a bearish breakout through the bottom barrier of the range. For my own personal comfort, I would like to see prices get squeezed a little bit more before breaking down. Preferably, I would like to see the market print a couple of dojis right on the bottom level of the range as in a regular BB setup.

It must be stated, though, that a conservative stance is not always the most successful approach. It would be nice if we could really put a rule of thumb on these false breaks, particularly on the tease variant, but alas, it often depends on the situation at hand.

Here the market was extremely slow and the price Forex Price Action Scalping Excerpts action very subdued almost every bar a doji. That makes me want to wait for superior conditions just a little bit longer than, for instance, in case of a speedy market, where I might run the risk of fully missing the break on account of being too conservative. Note: As for the difference between the false break trap and the tease break variant, imagine for a moment the low 5 to have dipped a pip below the range barrier.

That would have turned it into a false break of the earlier bottom of 2 and not a tease. And most of them will have no choice but to sell back to the market what they had bought at bottom prices just moments before. Add to this a number of sideline bears eagerly stepping in and we have ourselves the perfect ingredients of double pressure and thus follow-through. At times, the anticipation of this little chain of events is very straightforward.

At other times, the assessment of the squeeze can be a lot more subtle and it may leave a scalper wondering whether or not to trade. Particularly when the space between the 20ema and the barrier line is no more than a few pip in width, the tease break may be almost indistinguishable from a valid break. As we have seen already in several examples, the 20ema, just like in the chart above, can still guide prices back out in favor of the trade.

Take a moment to compare the string of black bars after the break in this chart with the string of white bars after the break in Figure What do these moves represent? They clearly show us the unwinding of positions of those traders trapped on the wrong side of the market.

In the chart above, for instance, all scalpers that picked up long contracts inside of the range are carrying losing positions the moment prices break down below 1. That string of black bars represents their predicament and their panic, so in essence a rapid unwinding of long positions that are being sold back to the market.

As a result, prices will fall even more until eventually the market calms down and more bulls than bears are willing to trade. This, in short, is the principle of supply and demand. It works the other way around in equal fashion. And it is our job to anticipate it before it even takes place. To the non-initiated this may seem like quite a daunting task. Yet those who observe, study and learn will most likely come to see the repetitive nature of it all.

And soon they will be able to exploit those who do not. For example, if, say, 1. Few books have been published, if any, that take the matter of scalping to such a fine and detailed level as does Forex Price Action Scalping. Hundreds of setups, entries and exits all to the pip and price action principles are discussed in full detail, along with the notorious issues on the psychological side of the job, as well as the highly important but often overlooked aspects of clever accounting.

The book, counting pages, opens up a wealth of information and shares insights and techniques that are simply invaluable to any scalper who is serious about his trading. A price action scalper for many years, he was asked to bundle all his knowledge and craftsmanship into an all-inclusive guide on intraday tactics. Forex Price Action Scalping is the long-awaited result.