Price Action Algo Trading (PAAT) Mini Book
The Ultimate High-Probability Trading System with Deliberate Practice Training to Master the Skills of Professional Trading
This book serves as a comprehensive guide to developing your trading skills and achieving consistent success in dynamic financial markets. The book lays the groundwork for understanding and utilizing Dynamic Price Action analysis, which was developed based on the true nature of price action psychology to provide a 3D perspective of the chart pattern, range, and momentum, and considers the interrelationships between them across multiple timeframes. This dynamic view of the price action with proper deliberate practice training provides traders with the skill of recognizing the market structure and risks and adapting to the changing market conditions.
The PAAT Mini Book includes:
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What You'll Learn
12 Chapters, 30 Lessons and Practice Drills
Chapter 1: Price Turning Points – Swing Low (SL) & Swing High (SH)
Chapter 2: Range, Drawing Range Line, Identifying/Update Range lines in the live market
Chapter 3: Dynamic Support (DS) line & Dynamic Resistance (DR)
Chapter 4: Dynamic Channels (DC)
Chapter 5: Determining the Types of Patterns
Chapter 6: Relationship between Pattern and Range
Chapter 7: Trend Channel Break Out
Chapter 8: Sideways Channel Break Out
Chapter 9: Sideways and Trend Channel Break Out – Advance
Chapter 10: Momentum Range Analysis
Chapter 11: Momentum Slope Analysis
Chapter 12: Combining Momentum Range Analysis & Momentum Slope Analysis
The first part of the book lays the groundwork for understanding and utilizing Dynamic Price Action analysis. Through extensive research, the author discovered that popular price action courses and systems often concentrate on candlestick readings, static support and resistance levels, chart patterns, and entry strategies. However, due to their static view of the market, these price action concepts work in hindsight on selected back-tested price data, but they are insufficient in providing a dynamic perspective of the interaction of price patterns, volatility, and momentum across various timeframes, and the lack the necessary trainings to assess the risks and adapt to the constant changes in the live market.
The Dynamic Price Action analysis was developed based on the true nature of price action psychology to provide a 3D perspective of the chart Pattern/Range/Momentum as the live market unfolds. This approach considers the interrelationships between relevant price action elements, which provides traders with the skill of recognizing the dynamic market structure and risks, so they can adapt to the changing market conditions and make proper informed trading decisions in live trading.
The teaching concepts in this book are carefully crafted to simplify the knowledge of price action, which directly contributes to skill development. Non-practical price action jargon has been eliminated to ensure clear comprehension of the applicable concepts that underlie the dynamic realm of pure price action. Additionally, the inclusion of illuminating flowcharts for process and algorithmic decision-making helps shift the trader’s mindset from knowledge acquisition to skill development, enabling them to effectively read price charts in real-time and make decisive actions in the unpredictable and constantly changing market.
The material in this book utilizes modern coaching techniques, specifically the principles of deliberate practice, to effectively develop competencies in high-performance skill fields such as trading. It is recommended to follow the chapters sequentially, allocate dedicated time for individual practice, and utilize the practice drills offered in the free PAAT-Trial course to cultivate all essential trading skills.
The second part of the book provides a comprehensive explanation of the Price Action Algo Trading (PAAT) system, with a primary focus on Setup T, a trend-following setup that was specifically designed to address the loss-averse tendencies often encountered by aspiring traders. Setup T ensures a high win rate while minimizing account drawdown, making it an ideal trading system from both psychological and risk management perspectives for traders who strive for consistency in securing funds and effectively managing them.