"Tick charts are not static like time-based charts, so no two tick charts will look exactly the same. As long as your patterns and total number of bars are very close or identical, then that is good enough."
The manual devotes significant space to "slanted support." In the Pats method, you do not trade the trendline bounce; you wait for the violation .
Mack's Price Action Trading System (PATS) manual provides a comprehensive, naked-chart approach for day trading the E-mini S&P 500 using price movement and a 21-period EMA to identify high-probability setups like second entries. The methodology relies on market geometry, utilizing 2000-tick charts for precise entries based on two-legged pullbacks, failed second entries, and trendline analysis. Explore the core techniques at Price Action Trading System . Pats Price Action Trading Manual.pdf
Price action trading is exactly what it sounds like: making trading decisions based on actual price movements as they happen. Mack defines it simply as:
As soon as a subsequent bar breaks 1 tick above the previous bar's high, it creates a Second Entry Long . Because counter-trend sellers are now trapped, a massive influx of buying pressure usually triggers, quickly pushing the price upward. Second Entry Shorts (2ES) "Tick charts are not static like time-based charts,
For the trader who is:
The manual breaks down specific price action patterns that recur daily in markets like the . Description Second Entries Mack defines it simply as: As soon as
By applying the principles outlined in Pats Price Action Trading Manual, traders can enjoy a range of benefits, including: