A Complete Guide To Volume Price Analysis by Anna Coulling Summary

A Complete Guide to Volume Price Analysis explains how to predict market movements by analyzing the relationship between trading volume and price action. Anna Coulling teaches traders to validate price trends, spot reversals, and eliminate emotional decisions using Volume Price Analysis (VPA), a method applicable to stocks, forex, and commodities.

This book is ideal for traders in stocks, forex, or commodities seeking a data-driven approach. It suits beginners learning foundational analysis and experienced traders refining strategies with VPA techniques. Anna Coulling’s clear examples make complex concepts accessible.

Yes—it’s a practical resource for mastering VPA, backed by Anna Coulling’s 25+ years of trading experience. The book’s focus on price-volume dynamics offers timeless strategies, avoiding reliance on lagging indicators. Traders praise its actionable insights for improving market timing.

VPA assesses whether price movements are supported by corresponding trading volume, signaling trend validity or potential reversals. Coulling emphasizes volume as the “fuel” behind price action, helping traders distinguish between genuine breakouts and false signals.

By focusing on objective volume-price patterns, traders avoid gut-based decisions. The book teaches identifying “stopping volume” (signaling exhaustion in trends) and anomalies where volume contradicts price, enabling logical entries and exits.

Coulling compares these levels to a house’s floors and ceilings—price reacts at psychological zones where fear/greed dominate. Volume confirms whether bounces or breaks are valid. For example, high volume at resistance suggests strong selling pressure.

She references pioneers like Jesse Livermore and Charles Dow, who relied on price-volume principles. This historical context underscores VPA’s enduring relevance, linking modern techniques to proven strategies.

Yes—VPA works across equities, forex, and commodities, regardless of timeframe. Coulling demonstrates adapting volume analysis to futures, spot FX (via tick volume), and cryptocurrency markets.

The book explains patterns like hammer, shooting star, and engulfing candles, emphasizing volume’s role in confirming their signals. For instance, a bullish reversal candle paired with rising volume strengthens buy-side conviction.

Coulling analyzes volume spikes during trends: rising volume confirms momentum, while divergences (e.g., price highs with declining volume) warn of weakening momentum. “No demand” upswings or “no supply” sell-offs often precede reversals.

Some traders note VPA requires practice to interpret volume patterns accurately, especially in low-liquidity markets. The method avoids technical indicators, which may unsettle those reliant on RSI or MACD.

Unlike books focused on indicators, Coulling’s work prioritizes price-volume interplay, offering a pure price-action framework. It complements classics like Technical Analysis of Stock Trends but provides modernized, step-by-step VPA applications.