Inevitably, for any FX trader sticking to the major pairs the USD should be guiding your decision making process as a trader.
I have posted 2 charts. The one on the top is the USD follar index Futures contract. Under that is the spot USD index using a template from the VSA system (google sigtrader for the metatrader platform that gives you live currency indexes for all major countries).
On the this chart, notice the red bar spike, this was just before the home sales release this morning. It gave me plenty of time to see that it was bearish and I took a long in GU that was very profitable.
Please post your charts of the dollar index and give give us an idea of what it's telling you.
75% of all trades in FX use the dollar somehow, isn't it time we focus on it above any single pair? All systems are welcome, this is an exercise in collaboration and free thought!
Skype: heliosphan187