At its core, PATs is a methodology developed and refined by a professional trader known as "Mack." The central argument of the manual is that everything a trader needs to know can be found directly on the price chart, without the clutter of lagging indicators. Mack argues that indicators are often "derived from past prices on the chart, so they are in fact, giving you information on lagging price movements". Instead, the manual teaches you to "read the tape" by looking at the raw price action, allowing a trader to understand what prices are doing right now and what they are most likely to do in the very near future.
A trade setup is only valid if it concludes with a high-quality . Pats Price Action Trading Manualpdf