so do u think can calculate the "weight" or the strong or weak of one currency by compare it to the main pairs ? for example want to know the strong or weak of chf i will watch usd/chf, eur/chf, chf/jp , gbp/chf . cuz usd eur gbp, jp is the one of the biggest economy in the world so see it i will know the truly strong or weak of chf? (not watch other pair like aud/chf cuz aud has smaller economy compre to eu, us, gbp, jp so even if chf is stronger or weaker aud it will not affect the appropriation of chf)
* First update
i just want to modify my original post: After watching the market this is my experience if you guys want to know about it : there are 2 group
1) priority is dollar, euro, jpy, pound
2) secondary is swissy(chf), assuie(aud), kwii(nzd) and loonie(cad)
the first group is more important than the second group why? because the first group has bigger volume and they are the biggest economy in the world and their currency highly impact other country's currency
So assume you are trading Aud/jpy and you predict it will long and you should watch other pairs like AU; EA; AG; UJ;EJ;GJ and must has at least one pair that should support your AJ mean it must look like want to up or down. If don't has any pairs that want to support AJ then long AJ should be ignore, it should be noise. the more pair in the group support Aj the less risk you have(basically i just need one pair)
in my experience when you trading EU beside you need to watch Ej;EG;GU;UJ you can watch UF it sometimes support your EU also and you need 1 pair in these 5 pairs support EU
Will update more...
* First update
i just want to modify my original post: After watching the market this is my experience if you guys want to know about it : there are 2 group
1) priority is dollar, euro, jpy, pound
2) secondary is swissy(chf), assuie(aud), kwii(nzd) and loonie(cad)
the first group is more important than the second group why? because the first group has bigger volume and they are the biggest economy in the world and their currency highly impact other country's currency
So assume you are trading Aud/jpy and you predict it will long and you should watch other pairs like AU; EA; AG; UJ;EJ;GJ and must has at least one pair that should support your AJ mean it must look like want to up or down. If don't has any pairs that want to support AJ then long AJ should be ignore, it should be noise. the more pair in the group support Aj the less risk you have(basically i just need one pair)
in my experience when you trading EU beside you need to watch Ej;EG;GU;UJ you can watch UF it sometimes support your EU also and you need 1 pair in these 5 pairs support EU
Will update more...