The manual teaches you to ditch lagging indicators in favor of a 21-bar EMA and "market geometry" (trend channels). The "Second Entry" Rule:
The , authored by a trader known as Mack , is a comprehensive guide focused on "pure" or "naked" price action trading. It is designed primarily for scalping the S&P 500 E-mini (ES) futures market using a 2000-tick chart and minimal indicators, specifically a 21-period Exponential Moving Average (EMA) . Core Concepts of the PATS Manual pats price action trading manualpdf work
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 manual teaches you to ditch lagging indicators
: 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. Core Concepts of the PATS Manual The system
: When a second entry fails, it often creates a "trap" where traders on the wrong side are forced to exit, fueling a fast move in the opposite direction. Key Chart Elements :
, is a guide focused on scalping the E-mini S&P 500 (ES) using pure price action on a 2000-tick chart. Core Trading Mechanics