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The GOAT: Bob Volman Fanatics

Feb 17, 2020 at 13:31
3,340 Angesehen
7 Replies
Mitglied seit Jan 14, 2019   6 Posts
Feb 17, 2020 at 13:31
Greetings Baby Pippettes ,

I personally have found Bob Volman’s material quite comprehensive and accurate. Although a bit challenging to digest on first glance, I am a strong advocate of his vantage point and psycological forces in the market specifically the 5min charts.

I am writing this to post to see if anyone has also found a similar respect for his material and to see if anyone can offer any insight as to how it has worked out for them and adjustments (especially provided that his material is a few years old). Nevertheless the current underlying principles are there and I want to expand on it.

If anyone has any suggested read or worked on this extensively (or passively) happy to hear from you.

Thank you for your time.

Mitglied seit Dec 26, 2018   34 Posts
Apr 12, 2020 at 16:52
Nope. Because if it worked, he wouldn’t need to sell books with advice. The only time I take advice from a book is if I know he/she makes more from the book than the skill.
I’m the case of Forex, the skill pays more than than the book, if they were any good then they wouldn’t be selling books.
Mitglied seit Jan 01, 2020   21 Posts
Jun 21, 2020 at 14:59
It's not bad if you have certain guidelines on the market or someone whose approach you like and whose motivation is certain.
Perhaps his approach is really close to you and will help you to understand some nuances, but you should not copy things completely, still the market is unique at every moment ...
Mitglied seit Jan 14, 2019   6 Posts
Jun 21, 2020 at 17:50
Thanks for the inputs Thorgahuginn. I agree. I dont copy his trategy completely. Its hard for any real progress in any field to not be somewhat related to what progress some else has made. (Hence in working in silos).

I've modified it to fit my own style and created a youtube page based on some of its inner workings. Check it out if you get the chacne.

Mitglied seit Jun 19, 2020   3 Posts
Jun 25, 2020 at 11:30
As per my opinion, forex books are quite knowledgeable and helpful to a great extent. Also, it gives motivation to keep learning in forex. Having your own skills is equally important as everyone has their own way of trading with different styles. Having an open mind here can make you learn things from everywhere possible. It’s good to explore new ways of learning.
Mitglied seit Jul 23, 2020   759 Posts
Oct 10, 2020 at 10:16
uxStyle posted:
Nope. Because if it worked, he wouldn’t need to sell books with advice. The only time I take advice from a book is if I know he/she makes more from the book than the skill.
I’m the case of Forex, the skill pays more than than the book, if they were any good then they wouldn’t be selling books.
Book is good for learning. Trader can gain knowledge from expert trader experience. Some books are also inspiring which I think we needed most.
Mitglied seit Jun 30, 2020   47 Posts
Oct 19, 2020 at 12:38
Thanks for sharing, been on a lookout for good resources.
Mitglied seit Jan 14, 2019   6 Posts
Oct 30, 2020 at 00:34

Thanks for sharing, been on a lookout for good resources.
Here's something that may help. Created a study guide a while back. A bit outdated but most of the great content Bob Volman has in his book is summarized in this study guide. There are a few additional add ons but I remain true to the core of his principles.

https://www.forexfactory.com/thread/733640-understanding-price-action-by-bob-volman-notes-and?page=5

Recommend reading both books.


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