maruccio
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Hi FXBarbarian, what charting software are you using?? I'm having troubles finding one with full pip increments as Bob suggests
Hi FXBarbarian, what charting software are you using?? I'm having troubles finding one with full pip increments as Bob suggests
USE THE FIRST BOOK ON SCALPING. THE 2ND BOOK IS USELESS. NO GOOD. in the 2nd book he tries to use his method of book 1 scalping applied to 5 min bars. but the problem is you never get trades. with the first book you have a trade or more trades every day. there is no useful info in 2nd book in my opinion. others might have found some ideas. but book one is a good book.
I do not trade book 1 because I would have to trade from like 2 am or 3 am Eastern Time. and that is trading all night. not going to do that. but I found that after reading half the book I could trade his method. it is the best explanation of a method I have run into.
But I do not use mov ave or any of the stuff in his books. I read it years ago. long time ago. I would guess 5 years ago.
some where toward the late part of this thread. someone said he traded this method for 3 months on 1/100 size contract to make sure he was able to do it. and he did great. no fears no pressure. he used $1 profit or 60 cent loss. I recommend you do the same.
also some people say this method need to use REAL TICK DATA FEED. that other data feeds dont work so well. so that might be an extra cost. to trade this way you have to be totally dedicated to this one method. i want something that will work in any and all markets. this does not fulfill that requirement. although i guess with a lot of work one can adopt something to some other markets.
but I want something that works in any and all markets on all time frames.
to me this is using a method not really about knowing how to trade. I want to know how to trade. if this method blows up as it might. then what do you do. I dont know. but so far the method seemed to work. I can only assume it is still working or people would report trouble. but a lot of volume is being traded on this exact method. not good. the history of trading shows good systems blow up as traders learn to take advantage of all the volume coming in at known price times. so be careful.
in general data feeds do NOT give all the ticks. they skip over lots of ticks. some data feeds might have less than 1 tick in 4. and random I guess. not sure about the technicalities of what you receive. but there is lots of discussion in the tread and people who trade this seem to want to trade REAL TICK DATA FEED.
I am older and I like to trade swing trading. not scalping. when you get old you will find this takes too much energy. I dont have the high energy any more.
even if you do not trade this method. I recommend you read this book. or at least the first half. you will learn from this book. I learned from the book.
GOOD LUCK
if you want to have a friend to talk to send me a private message with your email. I love to talk to traders. I will try to help you out. to make sure you are successful. there is a lot to learn about trading. do you have book 1 on scalping.
I do not trade book 1 because I would have to trade from like 2 am or 3 am Eastern Time. and that is trading all night. not going to do that. but I found that after reading half the book I could trade his method. it is the best explanation of a method I have run into.
But I do not use mov ave or any of the stuff in his books. I read it years ago. long time ago. I would guess 5 years ago.
some where toward the late part of this thread. someone said he traded this method for 3 months on 1/100 size contract to make sure he was able to do it. and he did great. no fears no pressure. he used $1 profit or 60 cent loss. I recommend you do the same.
also some people say this method need to use REAL TICK DATA FEED. that other data feeds dont work so well. so that might be an extra cost. to trade this way you have to be totally dedicated to this one method. i want something that will work in any and all markets. this does not fulfill that requirement. although i guess with a lot of work one can adopt something to some other markets.
but I want something that works in any and all markets on all time frames.
to me this is using a method not really about knowing how to trade. I want to know how to trade. if this method blows up as it might. then what do you do. I dont know. but so far the method seemed to work. I can only assume it is still working or people would report trouble. but a lot of volume is being traded on this exact method. not good. the history of trading shows good systems blow up as traders learn to take advantage of all the volume coming in at known price times. so be careful.
in general data feeds do NOT give all the ticks. they skip over lots of ticks. some data feeds might have less than 1 tick in 4. and random I guess. not sure about the technicalities of what you receive. but there is lots of discussion in the tread and people who trade this seem to want to trade REAL TICK DATA FEED.
I am older and I like to trade swing trading. not scalping. when you get old you will find this takes too much energy. I dont have the high energy any more.
even if you do not trade this method. I recommend you read this book. or at least the first half. you will learn from this book. I learned from the book.
GOOD LUCK
if you want to have a friend to talk to send me a private message with your email. I love to talk to traders. I will try to help you out. to make sure you are successful. there is a lot to learn about trading. do you have book 1 on scalping.
Thanks for your reply! I appreciate it. I am going to purchase book 1 now and give it a read. I'll PM you with my email once I get familiar with the trading method outlined in the book.
Do you still trade forex? Or have you moved to futures like a lot of other trades seem to have?
Do you still trade forex? Or have you moved to futures like a lot of other trades seem to have?
Hello Everyone
I am new to Forex trade, so I picked up Volman's book and learn. I tried to reproduce his suggested 70 ticks charts in EUR/USD but the chart I got from ProRealTime is very different from his book as attached. Is there anyone tell me what is wrong with my setting on the chart?
I am new to Forex trade, so I picked up Volman's book and learn. I tried to reproduce his suggested 70 ticks charts in EUR/USD but the chart I got from ProRealTime is very different from his book as attached. Is there anyone tell me what is wrong with my setting on the chart?
Attachments
Hi,
I have also started to learn Bob Volman's method.
You will need to "squeeze" the chart. Move mouse cursor to the y-axis hold down CTRL key and scroll down.
To see only the 20 levels horizontal lines only goto chart settings and choose Vertical scale density to Low.
See my chart attached.
Hi,
Are you talking about the chart colour? Otherwise it looks about right.Seems like slow market.
Kajetan255
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Do you all pay 100eur per month for PRT ?? Is it for real so expensive ?
what is PRT ???
I dont think anyone is trading this any more. they all lost all their money and disappeared.
NO I don't trade this. NEVER did trade it. I read about it years ago.
I like to use 60 min bars at minimum time bars. faster than 60 minutes is crazy dangerous.
I want to setup a trade that might last for a couple of weeks. and make some money off the trade.
I dont think anyone is trading this any more. they all lost all their money and disappeared.
NO I don't trade this. NEVER did trade it. I read about it years ago.
I like to use 60 min bars at minimum time bars. faster than 60 minutes is crazy dangerous.
I want to setup a trade that might last for a couple of weeks. and make some money off the trade.
this was popular years ago but i think too many people trading at the same price and it destroyed itself. there is no way that this method can take any volume. much too dangerous to trade.
if you swing trade people can come in at different prices and it will keep working. but this method is too detailed on tiny bars many bars per one minute. the volume on each bar is too small.
anyone know what PRT means. I never liked this way to write out meanings. PRT is not a word. it stands for 3 words. i can not guess the answer.
if you swing trade people can come in at different prices and it will keep working. but this method is too detailed on tiny bars many bars per one minute. the volume on each bar is too small.
anyone know what PRT means. I never liked this way to write out meanings. PRT is not a word. it stands for 3 words. i can not guess the answer.
I am yet to be trading profitably using this method but having read the book and going through the charts I am convinced this method works.
You need to be patient and wait for favourable conditions and put in screen time. Use the charts that Mr. Volman has generously shared.
PRT = Pro Real Time. I have seen some people recommend Sierra Charts as well.
Don't give up. Persevere.
You need to be patient and wait for favourable conditions and put in screen time. Use the charts that Mr. Volman has generously shared.
PRT = Pro Real Time. I have seen some people recommend Sierra Charts as well.
Don't give up. Persevere.
You can easily use MT4 with an affordable broker.
here is a tick generator that can be set to 4 digit , get the 14 day demo its FAB.
ovo.cz
Photize
here is a tick generator that can be set to 4 digit , get the 14 day demo its FAB.
Tick Chart
Hi everybody.
I wonder if anybody like to share his/her setups, if following Bob Volman's guidelines in their trades?
I came here to see if Mr. Volman is still sharing his trades and I understand that he's not. Though, I think his guidelines are clear enough to be followed by others.
I think sharing and discussing good setups at the end of the day could be a good way to improve our technique.
After all, it is important to trade our edge and nothing else.
I wonder if anybody like to share his/her setups, if following Bob Volman's guidelines in their trades?
I came here to see if Mr. Volman is still sharing his trades and I understand that he's not. Though, I think his guidelines are clear enough to be followed by others.
I think sharing and discussing good setups at the end of the day could be a good way to improve our technique.
After all, it is important to trade our edge and nothing else.