The interesting psychology? When price touches support and bounces hard, the shorts are panicking. That panic is his fuel. The "Do Nothing" Zone Perhaps the most interesting chapter in the manual (and the hardest to execute) is the concept of the "Do Nothing Zone."
By trading like Pat, you are hiding your stop in the "noise." You are becoming invisible to the bots. Pat’s Price Action Trading Manual isn't a get-rich-quick scheme. It is a get-consistent-slowly philosophy. It forces you to confront your own impatience. 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." The interesting psychology
But then, you hear a whisper from the old guard of trading: "Scrub it all off. Just look at the price." The "Do Nothing" Zone Perhaps the most interesting