Top critical review
19 people found this helpful
good for its intents, but will require lots of study and practice
on June 27, 2012
I'm an intermediate level trader and find myself scalping more often than I like so I thought this book could help me enhance that skill. I read through a few of these setups and realized I need to stop scalping because reading price action is no easy task. Volman has provided a wealth of setups and variations with which to trade but the shear number of variations and the speed at which you need to be able to identify the setups is beyond my current skill and desire to develop.
Some may find this book a gold mine but I had two frustrations with it other than the general nature of scalping I've mentioned already.
1. Its based on tick charts only which many software packages don't support, or don't support at the minute scale he references constantly in the book. The whole time I was wondering if these setups will work on time charts and/or on index futures. He never claimed they would, but a call out of their universal application or lack thereof would have helped clear some of that confusion for me.
2. The shear volume of text in this book is astonishing. It's much larger than the page count implies. It is rather dry, repetitive and a challenging read...but such is the nature of learning technique and setups as opposed to concepts. I constantly had to flip back and forth to see the charts referenced on different pages which made the read more challenging. Can't say I have a solution to that, but a challenge all the same.
Ultimately, this is a book that serves it's purpose well. But if you're on the fence about whether you want to be a scalper or have never used tick charts before...it may not be for you. I gave it 3 stars because it achieves what it aims to but had the listed drawback above. In the author's defense, this is not an easy subject to write a book about, so I applaud the effort to cover a topic that has very little written about it to date.