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
Brooks Trading Course Learning Resources >>>
I have a very basic question about executing pullback trades.
I'm just now getting back to practicing after doing almost all of this course and getting the books on trends, trading ranges, and reversals during Covid. Some of the material talks in terms of ticks and pips, but I'm practicing in the E-mini and have been having a little trouble remembering and finding what I think I remember.
So in a Bull trend (and vice versa in a Bear trend), my understanding is that a Signal Bar for a pullback could be where the low of that bar is below the low of the prior bar. Then the next bar could be an Entry Bar where the stop to enter on would be one tick above the high (not the low, maybe not the close, I think) of the Signal Bar.
In the E-Mini, what would that equate to? Would it be 1 point/100% or possibly a quarter of a point/25% based on the E-Mini intervals? I'm just looking to place my entry correctly and then base my exit on that (with a 4 point reward and 2 point risk) based on the Signal Bar.
If I'm getting any of this wrong, any thoughts would be great!
