Wait for a correction toward the 21 EMA and count the corrective legs (First Entry, then Second Entry).
The protective stop loss is placed exactly 1 tick past the opposite side of the signal bar. This keeps risk remarkably tight (often only 4 to 8 ticks). Pats Price Action Trading Manual.pdf
Conversely, in a downtrend, prices will occasionally rally upward. Wait for a correction toward the 21 EMA
A premium member describes the community value: in a downtrend
The primary goal is to secure a quick profit (traditionally 4 ticks / 1 point on the ES futures). This high-probability target ensures a win rate often exceeding 75-80%.
The key principles of price action trading include: