There is a great article in the September Currency Trader magazine about the personalities of the various major pairs. (See attached file).
Details how they interact with each other and how one could use their relationships as a leading indicator.
I am trading cable, though always watch the Euro and CHF against the US$, before entries. I longed cable this morning from 46 this morning, as in minutes prior to the trade, both the other pairs supported the direction of my trade. If these pairs had broken levels against my trade, I would have passed. It is a great filter, supporting other indicators you might use.
Interested to hear how others are using related pairs.
Details how they interact with each other and how one could use their relationships as a leading indicator.
I am trading cable, though always watch the Euro and CHF against the US$, before entries. I longed cable this morning from 46 this morning, as in minutes prior to the trade, both the other pairs supported the direction of my trade. If these pairs had broken levels against my trade, I would have passed. It is a great filter, supporting other indicators you might use.
Interested to hear how others are using related pairs.
Attached File(s)
