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Price Action Trading Steps · A stock reaches its high as per the trader's view and then retreats to a slightly lower level (scenario met). · The trader sets a. Price action trading is a strategy that helps to predict market movements by spotting patterns or 'signals' in the price movements of an underlying market. Price Action Trading (P.A.T.) is the discipline of making all of your trading decisions from a stripped down or “naked” price chart. This means no lagging.