The unit used to measure movement of  candles is called a PIP. A “Pip" is an acronym for percentage in point or price interest point, the formula for a PIP is Pip value = (0.0001 x trade amount) / spot price. But you will never have to know that. We have automated tools to measure PIP’s on Trading View. Most times when speaking to traders, you will hear them speak about how many “Pips” they caught or lost. You can use the ruler tool and simply click and move the mouse to measure a PIP as seen in the video below.

Furthermore it is important to note that indices (US30, NASDAQ), commodities (gold, silver, etc), and JPY ending pairs like GBP/JPY do not get read the same. We only trade XAU/USD a.k.a Gold and GBP/JPY.

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- A 1 pip increase in XAUUSD = increase by 1 to the 1st decimal place e.g. 1964.50 → 1964.60

- A 10 pip increase in XAUUSD = increase by 1 whole number e.g. 1964.50 → 1965.50

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- A 1 pip increase in JPY-ending pairs e.g. GBPJPY = increase by 1 to 2nd decimal place e.g. 146.530 → 146.540

- A 10 pip increase in JPY-ending pairs e.g. GBPJPY = increase by 1 to 1st decimal place e.g. 146.530 → 146.630

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