Firstly, understanding the basic patterns like pin bars, engulfing candles, and inside bars is crucial. Traders at FPG often start by identifying these formations, as they can signal potential market reversals or continuations. 

Secondly, the use of support and resistance levels is pivotal in price action trading. These levels, where price historically faced resistance in climbing higher or support in falling lower, are key for FPG traders to determine entry and exit points. 

Moreover, integrating technical analysis tools like Fibonacci retracements and moving averages with price action patterns enhances the effectiveness of trading decisions. These tools help in confirming the signals provided by price patterns, offering a more comprehensive view of the market. 

Another advanced technique involves understanding market context. Price action doesn’t occur in a vacuum; hence, FPG traders consider the broader market trends and economic indicators. This holistic approach ensures that trades align with the overall market momentum. 

Additionally, FPG emphasizes the importance of risk management in price action trading. This includes setting appropriate stop-loss orders and managing trade sizes to mitigate potential losses while capitalizing on successful trades. 

Finally, continuous learning and adaptation are key. Markets evolve, and so should trading strategies. FPG encourages traders to stay updated with market changes and refine their techniques accordingly.