Human psychology causes markets to move in pairs of swings. When a market is trending upward, a correction or pullback will almost always attempt to push downward in two distinct legs. Once those two legs exhaust themselves, the dominant trend resumes. The Holy Grail of PATs: The 2nd Entry
Price action trading involves studying charts and identifying patterns, trends, and other features that can help traders anticipate future price movements. This approach can be used in a variety of markets, including stocks, forex, futures, and more. pats price action trading manualpdf work
PATs uses tight stop-losses, typically placed just one tick below or above the signal candle. Because the entry is highly precise, you know instantly if the trade is wrong, keeping losses remarkably small. Human psychology causes markets to move in pairs of swings
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: PATS is built on the observation that the market often makes two attempts to correct against a trend before the trend resumes.
In a downtrend, a Second Entry Low tracks two distinct legs up before a bar breaks below the prior bar's low. The Execution Process
While the manual covers multiple approaches, the most well-known and widely discussed element of the PATs strategy is the . The premise is that markets often move in two-wave patterns.