The support forum is built with (1) General and FAQ forums for common trading queries received from aspiring and experienced traders, and (2) forums for course video topics. How to Trade Price Action and How to Trade Forex Price Action videos are consolidated into common forums.
Brooks Trading Course social media communities
Like the topic says that's my doubt. A few weeks back I asked a doubt about entering with stop order in forex and XAU/USD(because gold uses pips as well) and with the feedback from some member I came to the conclusion that one pip above or below price movement is considered to be a valid price movement and that's why micro pips don't count.
Question: is it the same for pullback?
Is it considered to be a pullback only if the price moves 1pip below the low of the prior bar? and the pullback ends and considered to be a continuation of the trend if the price moves one pip above the high of the prior bar.(i.e. if the market move 0.9 pips AKA 9 micro pips below the prior bar it shouldn't be considered a pullback)
example to understand a bit better :
Lets assume in the above case the high of the bear bar is 9 micro pips above the high of the bull bar and the low of the bear bar is 9 micro pips below the low of the bull bar. In this case the bear bar didn't go up or down one pip from prior bar's range does that mean this bar can be considered a inside bar in forex & XAU/USD.
hope you guys understand the question(If not, please mention I will try to explain better).
Thanks in advance for the answers.
anyone that can help me with this question please.
An inside bar can be a pullback which can be seen on a smaller time frame.
ok MR. Stanton I understand that, but in one of my other question you have said that a minimum movement from the market in forex/XAUUSD is one pip and micro pips is not considered to be a big enough of price movements.
Definition of a pullback is a price going below the low of prior bar. but if the market goes below the prior bar's low by like few micro pips(9 micro pips) is it considered to be a pullback?
thanks again for your reply.
