The "PATS Price Action Trading Manual" by Mack is a comprehensive guide focusing on "pure" price action, utilizing trend lines and support/resistance on 2000-tick charts to identify high-probability setups. The strategy centers on identifying second entries, two-legged pullbacks, and market structure, commonly applied to E-mini S&P 500 futures. For more details, visit Price Action Trading System Using Trend Lines To Help You Read The Price Action
Market Geometry: Emphasizes drawing accurate trend channels, short-term trends, and horizontal support/resistance. 🛠️ Key Trading Setups Pats Price Action Trading Manual.pdf
This is the bread and butter of the manual. Contrary to common beliefs, the Pats method defines a specific 2-bar reversal: The "PATS Price Action Trading Manual" by Mack
By applying the strategies and techniques outlined in Pat's manual, you'll be able to: Bar 1: A strong trending bar closing near
The central thesis of the manual is that Price is King. Pat argues that indicators are derivatives of price and therefore lag behind. If you want to know what the market is doing now, you must look at the price action itself.
While the manual is highly regarded, it is not without criticism:
Trading ranges often have "fake-outs." Mack provides a framework for trading these failures back toward the range mean. Is the PATS Manual Worth It?