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I know several people that use his method and are very happy with it. I talked to him a few times to try to get him to do a webinar on NexusFi (formerly BMT), but was unable to convince him to do so. He wanted to maintain a low profile. Perhaps one day that will change, and we can educate more people on his methods.
Based on what I've read so far (most of the book at least once, some parts twice), it is a very good trading book. He trades the EURUSD pair with a 70 tick chart. 7 unique setups.
I think the key in getting those setups to work is in identifying what Volman calls "unfavorable conditions," and avoiding trades during those times.
My guess is at least 3-6 months of heavy practice is needed to see the possibilities of this method, which is why I was curious if anyone uses the method. Why waste time if it doesn't work? Big Mike says people are successful with it, so that is encouraging for me.
I read the introduction of this book seems it is another book which talk about the price action.
I got Al Brooks's trading book series, just want to know any different in between their method?
Since I got Al Brook's books, is it worth to buy Bob Volman's book as well?
Similar to Al's first book, but simpler. Much easier to read. Volman focuses on 70 tick bars for EURUSD, while Al favors the 5 minute ES. But, to me the setups are the important thing, regardless of timeframe or market.
Al's method seems a lot more complicated, with many more setups, conditions, etc. Whether the extra complexity is justified, I don't know. Personally, I like simplicity, so overall I favor Volman more.
I think if you studied either book, and worked hard to become proficient, you could probably succeed with either approach. A lot of screen time required, I am sure.
