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A Complete Guide To Volume Price Analysis
They used volume and price to anticipate where the market was heading next, and so built their vast fortunes. For them, it was the ticker tape, for us it is the trading screen. The results are the same and can be for you too. I make no bones about the fact I believe I was lucky in starting my own trading journey using volume. To me it just made sense. The logic was inescapable. And for me, the most powerful reason is very simple. Volume is a rare commodity in trading - a leading indicator. The second and only other leading indicator is price. Everything else is lagged. As traders, investors or speculators, all we are trying to do is to forecast where the market is heading next. Is there any better way than to use the only two leading indicators we have at our disposal, namely volume and price? In isolation, each tells us very little. After all, volume is just that, no more no less. A price is a price. However, combine these two forces together, and the result is a powerful analytical approach to forecasting market direction with confidence.
184 pages, Paperback
First published June 16, 2013
1381 people are currently reading
2253 people want to read
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Displaying 1 - 30 of 123 reviews
June 4, 2019
The usual apophenia and patternicity ("the tendency to find meaningful patterns in meaningless noise" - Michael Shermer) that one finds in many books about trading. The author mentions many times herself that her method is subjective. I read the whole book, visiting charts at the same time, trying to see how her advice could be applied, but I haven't seen any way to make the book's information actionable. Anyone can give vague advice that can be interpreted in various ways according to context. That way, her method's never wrong: you are.
No tangible evidence of the writer's results in real-life trading. The numerous books published or scheduled-to-be-published by the same author makes you suspect that duping ignorant and hopeful traders is the real source of her income. The constant typos further undermine any feeling that you're dealing with a professional.
Overall, a very second-rate book that I only picked up because of its (now mystifying) popularity (fake reviews?) Good thing I didn't pay for it!
No tangible evidence of the writer's results in real-life trading. The numerous books published or scheduled-to-be-published by the same author makes you suspect that duping ignorant and hopeful traders is the real source of her income. The constant typos further undermine any feeling that you're dealing with a professional.
Overall, a very second-rate book that I only picked up because of its (now mystifying) popularity (fake reviews?) Good thing I didn't pay for it!
December 5, 2020
I'm currently reading the book and actually I thought it is overrated, so I searched for others opinions, and basically what I made me think this way is that it's soooo much repetitive and wasn't written professionally.
There's a couple of useful advices though that I actually observed in the market, but overall I think this book should be no more than 50 pages, because of the fact that it's keep taking phrases of older writers (1/3 of the book is phrases), and repeating the same charts over and over.
Finally, I think I regret that I paid for the book because I thought that it'd help me understand the VPA filed, and actually I could fine better information from YouTube.
There's a couple of useful advices though that I actually observed in the market, but overall I think this book should be no more than 50 pages, because of the fact that it's keep taking phrases of older writers (1/3 of the book is phrases), and repeating the same charts over and over.
Finally, I think I regret that I paid for the book because I thought that it'd help me understand the VPA filed, and actually I could fine better information from YouTube.
June 3, 2021
I saw that some of the biggest critics of this book are going on about how it is not actionable. Well, it is.
The book doesn't hold your hand or give you a system or an indicator to follow. What it does is impart knowledge that gives you an edge and removes some of what looks like randomness in the market. Having read the book, you will not look at "news", analyst price targets, and volume the same again. Case in point, knowing what you know about volume preceding price, you are not going to enter a ticker with no intraday volume hoping the setup will pan out as planned. Knowing what you know about accumulation and distribution, you are more aware of the risks of fighting the trend and will size your positions accordingly. How is it that the book is not actionable?
In engineering, there are always 2 parts to finding a solution. The first part is the 'analysis' where you frame the problem. The second part is the 'design' where you find a solution that fits. If you spend a lot of time working on analyzing the problem, the solution will be obvious. In management consultancy, it is the same. Analyzing the problem is 90% of the work. Put in the work. Learn to read the situation yourself. This book teaches you how.
The book doesn't hold your hand or give you a system or an indicator to follow. What it does is impart knowledge that gives you an edge and removes some of what looks like randomness in the market. Having read the book, you will not look at "news", analyst price targets, and volume the same again. Case in point, knowing what you know about volume preceding price, you are not going to enter a ticker with no intraday volume hoping the setup will pan out as planned. Knowing what you know about accumulation and distribution, you are more aware of the risks of fighting the trend and will size your positions accordingly. How is it that the book is not actionable?
In engineering, there are always 2 parts to finding a solution. The first part is the 'analysis' where you frame the problem. The second part is the 'design' where you find a solution that fits. If you spend a lot of time working on analyzing the problem, the solution will be obvious. In management consultancy, it is the same. Analyzing the problem is 90% of the work. Put in the work. Learn to read the situation yourself. This book teaches you how.
May 3, 2020
This book is decent for beginner traders about the price volume technical analysis of charts. The author offered some basic nuggets if you are new into the concepts of accumulation and distribution phases analysis. However! This book is very amateurishly put together.. and the author is extremely repetitive for the first half of the book.
Look, the idea should be really simple and straight forward - spotting hidden market big whales (institutional buyer/seller) is a very useful tool to incorporate in your technical analysis. Thus pattern recognition of price volume correlation in Level 2 can be of great help to anticipate potential false breakouts/breakdowns and short squeezes.
Definitely slightly overrated. The main ideas of tape reading in this book have existed since the twentieth century in the Livermore/Dow era. The author simply condensed it (still way over-extended IMO) in layman's term.. Watch-out for all the fake 5 star reviews.. Nonetheless, a recommended read for all traders.
Look, the idea should be really simple and straight forward - spotting hidden market big whales (institutional buyer/seller) is a very useful tool to incorporate in your technical analysis. Thus pattern recognition of price volume correlation in Level 2 can be of great help to anticipate potential false breakouts/breakdowns and short squeezes.
Definitely slightly overrated. The main ideas of tape reading in this book have existed since the twentieth century in the Livermore/Dow era. The author simply condensed it (still way over-extended IMO) in layman's term.. Watch-out for all the fake 5 star reviews.. Nonetheless, a recommended read for all traders.
September 7, 2021
Without Volume you're gambling
This book has revolutionized my strategy for trading and since reading it, has made me consistently better shown in my increasing daily profit, minimizing trades and limiting my losing trades. I'm forever grateful.
This book has revolutionized my strategy for trading and since reading it, has made me consistently better shown in my increasing daily profit, minimizing trades and limiting my losing trades. I'm forever grateful.
April 6, 2016
You hear the saying "You cant judge a book by its cover". This book made me think "You cant judge a book by its price". This book is currently $5.67 in Aus Amazon Kindle Store, and Ive found this $5.67 book to be way more helpful than other $100+ trading books.
I've always knew Volume is an important indicator but this book really helped opening my eyes to see Volume Price relationship. It will take a bit of practice analysing the volume, but it will change the way you perform Technical Analysis or just viewing charts permanently.
Since noticing Volume, viewing charts seem three dimensional. You can gauge at the real movements by the market makers, insiders and big banks. A must read for anyone who looks at charts (and unless your some pro tape reader, who doesnt look at charts?)
I've always knew Volume is an important indicator but this book really helped opening my eyes to see Volume Price relationship. It will take a bit of practice analysing the volume, but it will change the way you perform Technical Analysis or just viewing charts permanently.
Since noticing Volume, viewing charts seem three dimensional. You can gauge at the real movements by the market makers, insiders and big banks. A must read for anyone who looks at charts (and unless your some pro tape reader, who doesnt look at charts?)
November 22, 2020
Amazing Volume Price Analysis, opens up the eye to the candle and volume understanding.
100% worth your time if you are into trading and like to make sense of those candle and why they behave they way they do and what are they indicating. If not immediate action for a trade, at least a heads up something is about to happen.
Changed the way I look at reversal significantly.
100% worth your time if you are into trading and like to make sense of those candle and why they behave they way they do and what are they indicating. If not immediate action for a trade, at least a heads up something is about to happen.
Changed the way I look at reversal significantly.
September 13, 2021
Trong TA, khối lượng chính là nền tảng của mọi mẫu hình, công thức và dự báo.
Cuốn sách không phải là cuốn cẩm nang các kiểu chỉ dẫn đảo chiều hay sóng tăng mà là cuốn sách để hiểu rõ ngọn ngành của bán chất vì sao khối lượng (Volume) lại quan trọng đối với một trader như vậy. Đối với các nhà đầu tư F0 hay Fn đều cần phải đọc cuốn sách này. Đôi khi đã qúa dày dạn trong thị trường và rơi vào ma trận các công thức, đồi thổi hay các loại biểu đồ lại khiến chúng ta quên đi chỉ báo cực kỳ cơ bản nhưng quan trọng này.
Một nửa đầu cuốn sách cô Anna chỉ lặp đi lặp lại các dẫn chứng từ cổ chí kim rằng các nhà đầu tư giỏi nhất cũng đều thừa nhận, áp dụng khối lượng vào mọi quyết định đầu tư. So sánh nó với các hoạt động như kinh doanh đầu cơ tích trữ hay đấu giá và thậm chí là cả lịch sử của chứng khoán còn xài các loại bảng băng giá, khối lượng khi ấy vẫn là "hữu hình" để chứng minh rằng khối lượng cần thiết như thế nào, nếu không có nó giá là vô giá trị.
Nửa còn lại của cuốn sách là các mẫu hình nến cơ bản áp dụng với khối lượng. hãy đọc cuốn sách với tâm thế là bạn đang xây nền tảng, nền móng cho suy nghĩ và tư duy chứ đừng nóng vội sẽ có những công thức trade bách chiến bách thắng. Vì không có căn nhà nào được xây trường tồn nếu móng yếu cả.
Cám ơn thầy đã tặng cho Pinky cuốn sách!
Cuốn sách không phải là cuốn cẩm nang các kiểu chỉ dẫn đảo chiều hay sóng tăng mà là cuốn sách để hiểu rõ ngọn ngành của bán chất vì sao khối lượng (Volume) lại quan trọng đối với một trader như vậy. Đối với các nhà đầu tư F0 hay Fn đều cần phải đọc cuốn sách này. Đôi khi đã qúa dày dạn trong thị trường và rơi vào ma trận các công thức, đồi thổi hay các loại biểu đồ lại khiến chúng ta quên đi chỉ báo cực kỳ cơ bản nhưng quan trọng này.
Một nửa đầu cuốn sách cô Anna chỉ lặp đi lặp lại các dẫn chứng từ cổ chí kim rằng các nhà đầu tư giỏi nhất cũng đều thừa nhận, áp dụng khối lượng vào mọi quyết định đầu tư. So sánh nó với các hoạt động như kinh doanh đầu cơ tích trữ hay đấu giá và thậm chí là cả lịch sử của chứng khoán còn xài các loại bảng băng giá, khối lượng khi ấy vẫn là "hữu hình" để chứng minh rằng khối lượng cần thiết như thế nào, nếu không có nó giá là vô giá trị.
Nửa còn lại của cuốn sách là các mẫu hình nến cơ bản áp dụng với khối lượng. hãy đọc cuốn sách với tâm thế là bạn đang xây nền tảng, nền móng cho suy nghĩ và tư duy chứ đừng nóng vội sẽ có những công thức trade bách chiến bách thắng. Vì không có căn nhà nào được xây trường tồn nếu móng yếu cả.
Cám ơn thầy đã tặng cho Pinky cuốn sách!
October 19, 2021
Sao mà quyển sách này nó cứ dài lê thê và rất khó đọc ý ạ.
Đọc hết bao nhiêu trang rồi mà chỉ đọng lại được 3 thứ:
(1) Đầu tư là nghệ thuật chứ không phải khoa học nên không có đúng, không có sai 100%. Quyết định là ở mình.
(2) Hãy nhìn thị trường để biết được Market Maker đang làm gì để không bị trap.
(3) Nếu không quan sát khối lượng giao dịch trên thị trường thì dễ thành gambling. Khối lượng và giá có mối quan hệ với nhau. Cụ thể: bằng cách kết hợp nến hammer, shooting stars, doji kèm theo khối lượng, ta có thể hình dung được phe mua hay phe bán đang thắng thế trong 1 phiên giao dịch.
Đọc hết bao nhiêu trang rồi mà chỉ đọng lại được 3 thứ:
(1) Đầu tư là nghệ thuật chứ không phải khoa học nên không có đúng, không có sai 100%. Quyết định là ở mình.
(2) Hãy nhìn thị trường để biết được Market Maker đang làm gì để không bị trap.
(3) Nếu không quan sát khối lượng giao dịch trên thị trường thì dễ thành gambling. Khối lượng và giá có mối quan hệ với nhau. Cụ thể: bằng cách kết hợp nến hammer, shooting stars, doji kèm theo khối lượng, ta có thể hình dung được phe mua hay phe bán đang thắng thế trong 1 phiên giao dịch.
This entire review has been hidden because of spoilers.
October 19, 2021
Game Changer
Since I’ve started reading this book and applying the knowledge to my own trades (I encourage you to at least read through to the final chapter before you try to start applying it) I have gotten away from the many indicators I once used and now trade primarily using VPA & SMA’s. Not only has my win rate increased dramatically but the profits of each win have also increased dramatically since I have the confidence to stay in trades longer and not get “shaked out” by the market makers.
Since I’ve started reading this book and applying the knowledge to my own trades (I encourage you to at least read through to the final chapter before you try to start applying it) I have gotten away from the many indicators I once used and now trade primarily using VPA & SMA’s. Not only has my win rate increased dramatically but the profits of each win have also increased dramatically since I have the confidence to stay in trades longer and not get “shaked out” by the market makers.
July 16, 2019
I have read this book on my kindle and mobile. The book is useful as it focuses on one particular analysis method. However, it repeats some redundant sentences over and over. The excerpts of the graphs are not sharp enough to read on small screens. The examples are straight forward and mostly schematics. There are a few numbers of actual market examples. However, annotations are inadequate. Overall, I found it useful.
May 24, 2018
In this book, Anna Coulling describes the relationship between Price and Volume in a very rudimentary level. If you're new to trading commodities, this would be a great book to start off with. For more experienced traders, this book serves as a reminder of how price and volume interact with one another and you'll be able to skim through most of the book.
October 1, 2020
A good book on the importance of volume and its relationship with price & candles. It did reinforce some fundamental principles and provided fresh perspective in some areas. However, at times i felt that the author's style of writing is too informal & non-standard as compared to other books in the same genre. The author seemed pretty biased as well. Overall a good read.
July 22, 2021
Solid concepts but super super super repetitive, idk if the author was trying to max on a word count or something. Id you have a decent understanding of the market this could definitely pivot you in the right direction if you’re lacking in strategy or perspective.
September 14, 2021
This is quite a poor-written book. The chart examples are hard to follow. The annotations are even worse. The book can be shortened to 50 pages and still meaningful. The author may be a good forex trader, but definitely not a good writer. The writing style is boring, repetitive.
February 28, 2023
Meaningful content but dragged on a bit
I think that Anna does a great Job explaining VPA which, in any case, is more art than science. She could have covered the content in fewer pages. Generally well written but longer than it needed to be.
I think that Anna does a great Job explaining VPA which, in any case, is more art than science. She could have covered the content in fewer pages. Generally well written but longer than it needed to be.
December 29, 2017
Great
Great insight into insider trading and how to trade with the market makers. I really enjoyed this book. It's on my top 5 list.
Great insight into insider trading and how to trade with the market makers. I really enjoyed this book. It's on my top 5 list.
December 30, 2021
Great concepts, however the font was too small in the printed version. Or maybe it's because I'm getting old and I'm starting to lose my eyesight!
December 13, 2019
Gave me a whole new perspective to how the market works, particularly the market makers and insiders, and how to trade with them. Certainly using volume a lot more now to get into and manage my trades. Also love the technique of waiting for a congestion phase to break out and then get into the trend. Used to skip choppy charts but now I look for them so as to get the big move when it finally breaks out of the range.
The repetitive parts are okay for me, it just reiterates what is important.
Read this on my Kindle, the charts are not really readable. I'd suggest to provide a clearer and coloured version online or something.
The repetitive parts are okay for me, it just reiterates what is important.
Read this on my Kindle, the charts are not really readable. I'd suggest to provide a clearer and coloured version online or something.
June 3, 2017
It seems logical
This book receives five stars from because it's an exciting read that makes logical points on how volume and price are what you need to become successful in your trading endeavors. My only gripe if I had one is I wish there was more live trade charts used showing VPA in action. With that said, there are created diagrams and some charts from a trading platform to help you visualize the process. I'm just a very visual learner so in no way would I penalize the excellent read because of my weakness. Now it's time to read her other books. Happy trading!
This book receives five stars from because it's an exciting read that makes logical points on how volume and price are what you need to become successful in your trading endeavors. My only gripe if I had one is I wish there was more live trade charts used showing VPA in action. With that said, there are created diagrams and some charts from a trading platform to help you visualize the process. I'm just a very visual learner so in no way would I penalize the excellent read because of my weakness. Now it's time to read her other books. Happy trading!
June 4, 2018
I found this book very narrowly focused on a specific technique of trading without describing much about the actual traded financial instruments. It looked like the technique is generic and based on the described methodology very easy to automate despite the author claiming that this is an "art". If that is the case everyone would simply make money without focusing too much about the actual fundamentals of the traded financial instruments. The book is not interesting to read so I won't recommend spending time on it.
November 21, 2020
A brief guide into interpreting price through the lens of volume. For any traders out there struggling to understand and make sense of certain "patterns" and/ or price movements this book will be enlightening, markets don't move because of support and resistance or specific "holy" patterns but on what functions beneath all those technicalities, the ebb and flow of market participants and human psychology. Several examples from different markets including Forex which is definitely an upgrade from what Mastering The Markets book presented.
December 18, 2022
Interesting ideas on volume price relationship
It's a good book to read through and consider what different candle types could signal about the possible price path in the future.
I will say that ideas in the book are great, but as with everything in trading, there are no absolutes and guarantees where the price will go. The author hints to being able to use volume signals to get out of the trades and to me that's quite a dangerous idea. If anything, you should use it to help you decide if to jump on board but cutting positions prematurely... Not so sure...
It's a good book to read through and consider what different candle types could signal about the possible price path in the future.
I will say that ideas in the book are great, but as with everything in trading, there are no absolutes and guarantees where the price will go. The author hints to being able to use volume signals to get out of the trades and to me that's quite a dangerous idea. If anything, you should use it to help you decide if to jump on board but cutting positions prematurely... Not so sure...
January 25, 2024
Một quyển sách trình bày khá đầy đủ về mối quan hệ của Giá và Khối Lượng. Cách các nhà tạo lập hay "dòng tiền thông minh" di chuyển và để lại "dấu vết". Tuy nhiên mình thấy càng về sau tác giả trình bày hơi "đuối" chút.
Mình đánh giá cao sự "thành thật" và trách nhiệm của tác giả, bà đánh giá cao phương pháp VPA và khen nó rất nhiều nhưng vẫn có sự linh hoạt và xem nó là một nghệ thuật chứ không phải một phương pháp cứng nhắc, chỉ cần áp dụng là ra kết quả như những bộ môn nặng tính khoa học khác.
Mình đánh giá cao sự "thành thật" và trách nhiệm của tác giả, bà đánh giá cao phương pháp VPA và khen nó rất nhiều nhưng vẫn có sự linh hoạt và xem nó là một nghệ thuật chứ không phải một phương pháp cứng nhắc, chỉ cần áp dụng là ra kết quả như những bộ môn nặng tính khoa học khác.
July 4, 2025
After reading 1st chapter, I could only skim through upto chapter 8. After that, i didn't even want to skim through chapters 9,10,11.
Then I tried chapter 12 since it named " volume and price - the next generation". but it's just a introduction of equivolume and candle volume charts, delta and cumulative delta.
This also made me feel more or less like Brian books.
Author said "My second reason for the book is to explain this methodology in a straightforward way."
But it's not at all, atleast to me.
Though I learnt something about wicks and pivot high and low.
Then I tried chapter 12 since it named " volume and price - the next generation". but it's just a introduction of equivolume and candle volume charts, delta and cumulative delta.
This also made me feel more or less like Brian books.
Author said "My second reason for the book is to explain this methodology in a straightforward way."
But it's not at all, atleast to me.
Though I learnt something about wicks and pivot high and low.
July 4, 2021
Nice concept of price volume analysis but it is a pity this book is very badly written!
Her ideas lack organization. For example, the author does not use markers or labels on charts to guide the reader where she is explaining. It is very hard to follow her even after reading again a few times. I tried my best to march on but alas, was forced to wave the white flag and surrendered at chapter 10.
Would have given 5 stars if she could write in a coherent way.
Her ideas lack organization. For example, the author does not use markers or labels on charts to guide the reader where she is explaining. It is very hard to follow her even after reading again a few times. I tried my best to march on but alas, was forced to wave the white flag and surrendered at chapter 10.
Would have given 5 stars if she could write in a coherent way.
April 7, 2022
I'll give Coulling credit in that she provided me with a novel trading methodology, something that I haven't come across for some time now. However, with all the money she's purportedly made trading with her methodology successfully over the years, it seems she still skimped on an editor. The writing definitely needed more polish, which would have made getting through this book a bit less of a slog.
May 13, 2025
從威科夫的成交量定律：供給需求、前因後果、投入產出三定律衍生出來的策略。當上面三個定律被違反時，交易者就要特別注意，比如果長K線伴隨低成交量，或短K線伴隨高成交量等
在趨勢中出現放量與高潮K線時，就要小心趨勢有可能終止，要特別注意下一根K線的走勢
錘子線在下跌趨勢時代表趨勢可能終結，尤其是伴隨高成交量，這也是一根典型的信號K線
錘子線在上漲趨勢時代表趨勢可能終結，尤其是下一根K線是射擊星時
支撐與阻力主要標示著市場中投資者的貪婪與恐懼的結果
支撐與阻力線更像是一個區域而非一條線，要懂得彈性與靈活運用，當價格不尊重之前的支撐與阻力時，可以在圖表上刪去調整
市場在一個區間運行越久，突破後的運行也可能會越久，在高時間級別上的情況會比低時間級別上的情況更明顯
上下突破一定要伴隨較大的成交量，不然很可能只是假突破，所以要看下一根K線是否能驗證信號K線
一旦突破後，原來區間的上下線就很可能成為支撐或阻力位
成交量集中在價格低位時，就有可能是大量買盤介入
成交量集中在價格高位時，就有可能是大量賣盤介入
在趨勢中出現放量與高潮K線時，就要小心趨勢有可能終止，要特別注意下一根K線的走勢
錘子線在下跌趨勢時代表趨勢可能終結，尤其是伴隨高成交量，這也是一根典型的信號K線
錘子線在上漲趨勢時代表趨勢可能終結，尤其是下一根K線是射擊星時
支撐與阻力主要標示著市場中投資者的貪婪與恐懼的結果
支撐與阻力線更像是一個區域而非一條線，要懂得彈性與靈活運用，當價格不尊重之前的支撐與阻力時，可以在圖表上刪去調整
市場在一個區間運行越久，突破後的運行也可能會越久，在高時間級別上的情況會比低時間級別上的情況更明顯
上下突破一定要伴隨較大的成交量，不然很可能只是假突破，所以要看下一根K線是否能驗證信號K線
一旦突破後，原來區間的上下線就很可能成為支撐或阻力位
成交量集中在價格低位時，就有可能是大量買盤介入
成交量集中在價格高位時，就有可能是大量賣盤介入
June 17, 2025
The info presented is helpful and I certainly learned/reinforced my knowledge of volume price analysis. The author was frustrating to read at times because she repeats the same point, practically writing the same sentence, multiple paragraphs in a row and this happened in nearly all chapters. Regardless the information she presents is helpful and if you’re a beginner, or even an intermediary looking to refine your volume analysis knowledge, this book will be helpful. Happy to have read it!
January 30, 2026
The book covers various concepts from the perspective of an Institutional trader. It is very good for retail traders to know this side to make informed decisions instead of listening to the news channel guys.
Various tactics are a money saver, and highlights When you shouldn't buy.
I personally liked,
"in a price waterfall, as the market moves lower and fast. The insiders have to stop the fall, pause, push the market higher using the media, and sell into the created demand."
Various tactics are a money saver, and highlights When you shouldn't buy.
I personally liked,
"in a price waterfall, as the market moves lower and fast. The insiders have to stop the fall, pause, push the market higher using the media, and sell into the created demand."
Displaying 1 - 30 of 123 reviews