: The moment a bar breaks below a prior bar's low on the second push, a Second Entry Short is triggered. High-Probability Trade Setups in the Manual
What is your current with reading raw candlestick charts?
The PATS Price Action Trading Manual offers a straightforward approach to trading that has proven effective for many, particularly those trading E-mini futures [1]. It is not a "get-rich-quick" scheme, but rather a structured educational tool.
This comprehensive review analyzes the core mechanics of PATS, evaluates its real-world efficacy, and explains how to implement its rules. Understanding the PATS Methodology pats price action trading manualpdf work
Here is the objective breakdown of why the PATs method works—and why it fails for most people.
Only move to live capital when you have proven profitability on SIM over a significant sample size (e.g., 100+ trades). Start with Micro E-mini futures (MES) to minimize financial stress while adapting to live market fills. Final Verdict
: The system enters right where weak-handed counter-trend traders get trapped. : The moment a bar breaks below a
This is the system's bread and butter. It capitalizes on the idea that the market often tries to go in one direction twice before failing or succeeding. Scalp & Run:
: While price action is universal, the manual specifically highlights using a 2000-tick chart for the ES to filter out noise found in time-based charts. Key Trading Setups & Strategies
: Track two-legged corrections using specific visual counts. It is not a "get-rich-quick" scheme, but rather
Because PATS relies on pattern recognition, you cannot learn it purely from a PDF. It requires months of simulated trading to train your eyes to see the legs forming in real time. The Verdict
Some of the key strategies covered in the manual include:
The system is built on the premise that prices move in predictable patterns based on market geometry and the behavior of market participants. It emphasizes extreme selectivity to maintain a high win rate, which is necessary due to its typically tight risk-to-reward ratio.
The 21 EMA serves as the ultimate visual filter for trend direction and dynamic support or resistance.