Hello Everyone,

Is there anyone here scalping ES S&P500 futures using Bob Volman 70 tick chart scalping method? I have heard good reviews of Volman method in forex, I am curious in futures market how that is holding up.

Thanks & Good Day!

I researched Bob Volman based on your comment as I had never heard of him before. His ideas in some ways seem rooted in Price Action similar to Al Brooks and MACK/PATS. I really like the lower time frame (tic basis). I think tic bars based on trades illustrate the market more accurately than time based charts. When you think about it, you want to find areas where battles are occurring and then ride the wake of or better yet anticipate the direction of the dominate side. These battles are not based on time, they are based on trades. It's not a guess, it's not predicting, it's anticipating and there is a huge difference between thinking this way. When your wrong your wrong. If it did not do what you anticipated it was going to do, what's it doing, there are only 2 other options. The market seems to move in 2, M's and W's. Is it making new highs/lows or is it bouncing in a range? Trade accordingly. The market seems to revisit previous S|R. But the market can seem fickle (some one is in control) and the market definitely seems unpredictable. Learning to accept being uncomfortable can be a good thing. When I think about a doji, on a tick/trade chart, it itself represents a tight coil. So then what are the color of these small tick based bars after that - the dominate side. Where is it anticipated to go? A volume profiles' peaks and valleys offer insight as do swing highs and low, LH and HL, HOD, LOD, etc... Just like big fish hang around drop-offs (a great place to fish) so do purposed traders hang around peaks on a volume profile. They can mask their work in the liquidity of high trade areas and when they have their fill, they pour on the gas just outside the area and drive it home. 2nd entries provide a bit more confidence for entry for me. But it still boils down having a plan and the discipline to stick to that plan. This is something that is difficult to back test and hindsight is 20:20, even just a few ticks after. I know I am a scalper so 4 ticks is great, 10-16 is excellent. Trade management is a must. Get out when you know its time. Think, Listen and take appropriate action. I do have some thoughts about the POP idea to add on instead of get out, but I also know I am a scalper and holding for me is just not mentally possible. I found Bob Volman concepts very interesting.

Poker341 

Hello Everyone, Is there anyone here scalping ES S&P500 futures using Bob Volman 70 tick chart scalping method? I have heard good reviews of Volman method in forex, I am curious in futures market how that is holding up. Thanks & Good Day!

ES and Forex and two totally different markets, but since time is my number one factor I have no opinion to give with use of ticky charts. Especially 70, must be like watching an EKG monitor!

I note Volman has a book on scamazon called "Understanding Price Action: Practical Analysis of the 5-minute Time Frame" (2014). Guess somewhere along the way he decided to move to a timeframe lower, lower, lowest.