PETIT TRENDS
As you are already aware, the markets can only move either up, down or
sideways. On a larger scale (say, as seen on a 5 minute chart or by simply
zooming out on your 1 minute chart) you might see that the market has been
trending (making a series of higher/lower highs and higher/lower lows) for a
while, or that the market has been moving sideways (just bouncing up & down
within a common range).
Remember how I stated in "Forex Surfing" that "what happens in the
macrocosm happens in the microcosm & vice versa". Thus what happens in
your one-minute charts are the same things that happen on your 5 minute
charts, your hourly charts, your daily charts, weekly charts, even your
monthly charts!
So what am I getting at here??? Well trends happen on your one-minute
charts that might only last 10 to 30 minutes. One larger charts this would only
appear to be a small & insignificant wave or market fluctuations but for a
scalper this is a very serious trend! It doesn't matter if it is only 10 pips, it is
still a trend.
What may only be a slight blip or a slight move on a larger chart view
can be a complete "trend" in the eyes of a scalper.
Ok, so it's a trend, but there is more. It also adheres to the general principles
to a trend.
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