: When a second entry fails, it often creates a "trap" for traders. PATS traders look to enter in the opposite direction of the failed move, as the resulting "stop run" provides the momentum needed for a quick profit.
The , developed by a trader known as Mack , is a methodology centered on reading "naked" charts to identify high-probability entries, primarily in the futures markets like the S&P 500 E-mini. Unlike traditional indicator-heavy strategies, PATS focuses on market structure, trendlines, and a specific counting method for price "legs". Key Components of the PATS Methodology pats price action trading manualpdf work
: PATS is most commonly traded on a 2000 tick chart for the ES (S&P 500 futures). Unlike time-based charts (e.g., 5-minute), tick charts form bars based on a specific number of transactions, providing a clearer view of order flow and volume during active periods. What is in the PATS Trading Manual? : When a second entry fails, it often
: The only indicator typically used is a 21-period Exponential Moving Average (EMA). It acts as a dynamic level of support or resistance. Price returning to the EMA often provides a high-probability entry point. What is in the PATS Trading Manual
6 PATs Price Action Trading Manual - All Charts (Only Charts)
The core of the PATS manual revolves around a few strict rules designed to find entries where other traders are "trapped".