By treating price action as a language, you can learn to read the balance of supply and demand in real-time, removing guesswork and building a sustainable trading career.
The creator of PATS has posted thousands of daily chart wrap-up videos on YouTube over the years. These public video archives are completely free, entirely safe, and offer an invaluable repository of real-time chart analysis that often supersedes what can be learned from a static manual alone.
Look for higher highs and higher lows (uptrend) or lower highs and lower lows (downtrend). Traders draw micro and macro trend channels to find the boundaries of price movement.
lately. If you are actively trading futures (like the ES/NQ) or just getting into pure price action, you have probably run into this method. It relies heavily on trading clean charts, using a 2000-tick chart, a 21 EMA, and spotting those famous 2nd entries
The signal bar must close near its absolute bottom, proving dominant selling pressure. How to Build a Safe, Legitimate Trading Foundation pats price action trading manualpdf patched
On a typical chart, high-quality, textbook PATS setups may only occur a few times a session. Sitting on your hands during choppy, low-probability market states is a required skill.
Markets move in waves or "legs." A standard market correction typically consists of two distinct legs downward in an uptrend, or two distinct legs upward in a downtrend. PATS traders count these corrections to anticipate when the dominant trend will resume. 4. Signal Bars
The desire to learn a skill like price action trading is admirable. However, the path taken is just as important as the destination. Here is the definitive guide to learning PATs and price action trading safely and ethically.
Traders do not buy at market price. They place a stop order one tick above the signal bar (for longs) or one tick below the signal bar (for shorts). If price does not break the signal bar, the trade is never triggered. By treating price action as a language, you
: Price makes a new high, pulls back twice, and then breaks higher.
In a 2019 review, trader Evan Carthey noted that Mack's system had remained remarkably consistent, which is a sign of a proven methodology. He stated that Mack was not "constantly changing up his trading style," as "gurus" who only make money selling courses often do. Carthey concluded, "If you are looking for a specific style based off of price action and not indicators then this is a very good building block."
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The "Mack's Price Action Manual" is the foundational, comprehensive e-book that introduces and explains all of these strategies. It is a paid product, sold directly on the official website, priceactiontradingsystem.com. According to the site, it is "easily worth many times the cost we charge" and is the recommended starting point for all aspiring PATs traders. The creators emphasize that the manual and all strategies were "developed and written by our own traders here at PATs". Look for higher highs and higher lows (uptrend)
: Purchase the official digital or print editions directly from the creators or verified book platforms.
The official website and the YouTube channel, , are a testament to the system's legitimacy. Mack has been providing daily, free market recaps on YouTube for years. This free content alone is a tremendous resource for any aspiring price action trader.
If you want to take your chart analysis further, let me know:
The PATS trading system is built on the philosophy that price is the only true indicator. It is a discretionary trading method, primarily used by day traders in futures markets (such as the ES/S&P 500 E-mini), but applicable to stocks, forex, and cryptocurrencies [1]. Key pillars of PATS include: