SigmaForex Trading Strategies

As with any spectrum, there are two extremes to the technical analysis of the Forex markets. On one end you have tick charts, or the more practical one minute charts, as used by “scalpers”. On the other practical extreme you have Monthly charts (each candle represents one month of trading activity), as might be used by “position traders”. Despite the apparent difference these two extremes are still showing you the same thing – historical market price data presented visually, just zoomed in or out in perspective (think of fractals again).Realize that even the Monthly candles developed second by second just as the tiny one-minute and even the tick candles did. The oscillations seem most chaotic when viewed on the tick candle charts; mindlessly bouncing up & down, but even these tiniest of oscillations, though it may not be apparent while watching them, are still gravitating towards the oscillations of progressively larger oscillation/trends all the way up to the grand scheme of things as seen on the Monthly charts. Thus even the tiniest tick movement is contributing to the fulfillment of the big picture.

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