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
This is taken from slide 24. I am struggling to grasp bar counting.
I will just discuss high bars to keep things simple with the assumption that L1/L2 etc are just the opposite.
My current understanding is, for a bar to be labelled a highX, the bar after it must go above the high of that bar.
But in the above example, not one of the proceeding bars is a tick above the bar marked Hx. Especially the high 3, the proceeding bar is completely below it?
Apologies for my confusion, but i have looked through the videos and read the section in the book, but i am still really struggling to understand. I thought i had it, when i read from that book (Trading ranges book, page 259) "when the current bars high extends at least one tick above the high of the prior bar".
I guess you are same guy/gal asking same question on Discord, albeit with different chart and H1/H2?? Anyway, here is my reply:
"I have been asking Al to update his definitions for some time now. If the signal bar close is above previous bear bar close it is also a High 1/2."
In the case of the H3 here, it is the high of signal bar above prior bar close. Confusing yes, but a pullback nonetheless.
"I have been asking Al to update his definitions for some time now. If the signal bar close is above previous bear bar close it is also a High 1/2."
This helps a lot to clear confusion. @ludopuig @BTC Admin (Richard) Just a thought maybe we can add this sentence "If the signal bar close is above previous bear bar close it is also a High 1/2." as a text on this chart to help traders avoid confusion.
I was also confused by this definition in the video course and spent a lot of time spending understanding and finally I adapted my own version of understanding of H1/H2 which was close to what was described in the video course.
To me a H1 is the first attempt to resume the bull trend after a pullback. In that slide I would label that inside bull bar after that first bear bar as the H1 setup since the bear bar, although it didn't go below the prior bar, does serve as a pullback. The other setups would be the same for me.
Hi @BTC Admin,
"If the signal bar close is above previous bear bar close it is also a High 1/2."
The signal bars you are referring to are bear bars in the pull back? And if the close of these bars are above their previous bear bar close, then they are marked H1/2?