Many traders fail because they add their own rules. The manual explicitly warns:
The PATs system was developed by a trader known as "Mack," and the cornerstone of his teaching is a proprietary digital guide called (often referred to as the "manualpdf"). This manual is the foundational learning tool for the system.
: A foundational PATS technique involves counting "legs" or attempts by the market to move in a certain direction. pats price action trading manualpdf work
The manual teaches you to ditch lagging indicators in favor of a 21-bar EMA and "market geometry" (trend channels). The "Second Entry" Rule:
Copyright notice (optional add): This manual is for personal educational use only. Trading financial markets involves risk of loss. Past price action does not guarantee future results. Many traders fail because they add their own rules
PATs is structurally designed as a high-volume, precision scalping strategy. Unlike traditional swing trading, the original strategy uses strict, predefined risk-to-reward parameters to extract fast cash from small market micro-movements. Strategy Parameter Original PATs (Mack) Modern Variation (e.g., Thomas Wade) Buy/Sell Stop Orders (placed 1 tick past signal bar) Limit Orders (to minimize slippage) Scalp Profit Target Strictly 4 Ticks ($50 per ES contract) 8 to 10 Ticks ($100–$125 per ES contract) Stop Loss Rule 1 Tick below/above the signal bar Variable based on context or local structure Contract Management Multi-contract scaling (e.g., 15 scalp / 5 runners) Single or structured scaling (e.g., 6 scalp / 1 runner)
: The system relies on a clean price chart with almost no indicators, except for a 21-period Exponential Moving Average (EMA) used as dynamic support or resistance. : A foundational PATS technique involves counting "legs"
Price action trading has become increasingly popular among traders in recent years, and for good reason. This approach to trading allows individuals to analyze and understand market trends, make informed trading decisions, and potentially achieve significant returns on their investments. One of the most well-known and respected resources for price action trading is the PATs Price Action Trading Manual, a comprehensive guide that provides traders with the tools and strategies needed to succeed in the markets.
The manual identifies specific patterns, often called "triggers" or "signals," that indicate high-probability entries. Price Action Trading Explained - Learn To Trade The Market