What is a Pull Back Synergy Candle?

Hi to all,
I have been trading Big E system and it has been very profitable but he made mention that he exits when the is a 5pip pull back candle of which i have spent days trying to understand what a pull back candle is but still to no avail.
He explain about it in the link below:
http://www.forexfactory.com/showthre...11188&page=207

heres his own statement
when trading the longer time frames...
if a candle wick pulls back 5 pips... I exit the trade. Why, because on higher time frames when the wick pulls back it's often 15-30 pips or more.

I can exit at a 5 pip pull back and keep the other 10-25 pips for myself. And if the trade continues ... the pips I kept are more than it's cost to re-enter. On the longer timeframes I might enter and exit each candle thats long... even if their side by side candles.

If you do this every month you'll earn a hundred or more pips you get to keep. It adds up fast.

This always works... especially on longer candles...


can someone plz explain better
Thanks in advance
Franklin

He's probably referring to the candle 'pulling back' 5 pips off its high or low which is why he says 'if a candle wick'...the wick, of course being the portion of a candle that price reached but was not maintained through the candle's close.

Thanks alot..very helpful..so how do we measure to know if its pulled back 5pips

you're measuring the length of the wick on the closing side of the candle:
High-Close>=5 or Close-Low>=5