The standard PATs goal is a (traditionally 1-2 points) to secure profits quickly.
The , authored by a trader known as Mack , is a comprehensive guide focused on "pure" or "naked" price action trading. It is designed primarily for scalping the S&P 500 E-mini (ES) futures market using a 2000-tick chart and minimal indicators, specifically a 21-period Exponential Moving Average (EMA) . Core Concepts of the PATS Manual
The system is built on identifying specific repeatable patterns and market geometry: Second Entries pats price action trading manualpdf work
: This is where PATs shines. If a market is heavily bearish, and a Second Entry Long triggers but immediately stalls out, the buyers are trapped. The moment price reverses and breaks the low of that setup, PATs traders enter a short position, riding the momentum of the buyers escaping their bad positions.
The manual is designed to transition a trader from "gambling" to systematic chart reading. The standard PATs goal is a (traditionally 1-2
The manual is short (~30-40 pages) and intentionally repetitive. First pass: highlight the , stop placement , and the 3 things that invalidate a setup (e.g., signal bar too large, trend bar too weak, market in range).
Decoding the PATS Price Action Trading Manual: Does This Strategy Actually Work? Core Concepts of the PATS Manual The system
The manual outlines a systematic approach to setting up trades using price action signals:
Price action trading has become a popular strategy among traders in recent years, and for good reason. By focusing on the price movements of a security, traders can make informed decisions about when to buy or sell, without relying on complex technical indicators or lagging data. One of the most well-known and respected resources for price action trading is the PATs Price Action Trading Manual, a comprehensive guide that has been widely praised for its clear and concise approach to this powerful trading strategy.