Pats Price Action — Trading Manualpdf

But here is the specific "Pat" twist: "Don't look for the bounce; look for the reaction to the bounce." Pat differentiates between a "test" and a "break." Most traders see price touch a support level and instantly buy. Pat waits. He watches the closing price relative to that level. He looks for "rejection candles" (long wicks) or "engulfing patterns."

That is the art of the naked chart. Disclaimer: This content is for informational and educational purposes only and does not constitute financial advice. Trading forex, stocks, or futures involves substantial risk of loss. Pats Price Action Trading Manualpdf

Pat’s rule: "If you cannot draw a clear horizontal line that has been touched at least twice, you do not have permission to trade." But here is the specific "Pat" twist: "Don't

Most traders feel they must be in the market. Itchy trigger fingers. Pat argues that 80% of the time, the market is in chop (random noise). During chop, price action lies. It fakes breakouts. It hunts stops. He looks for "rejection candles" (long wicks) or

The manual teaches that price action (the raw open, high, low, and close) is the only leading indicator in existence. Everything else is just a mathematical derivative of what already happened.