Trade with one currency

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...

CNBC provide the current day's percentage change for currencies if this is what your looking for:

http://www.cnbc.com/id/15839178/

thank you jcalow
but that is the percentage change of Pair not one currency, my question is currency .....

The value of a currency is relative and as such it has no value unless compared to another currency. One Yen, or any other currency, is useless if you cannot exchange it for goods, services, or other currencies.

The US Dollar has an index where it is compared to a fixed basket of currencies. This is an attempt to assign worth to the dollar as a standalone instrument. I am not aware of a similar instrument for the Yen.

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)

Yes, you can do a little detective work and figure out which currency is weaker. In your USDCHF example I would look at other USD pairs rather than other CHF pairs. 90% of all Forex trades involve the USD so it would be easy to eliminate that as a suspect. You might also save some time by finding a website showing the USD index.

okay, thanks

I split the lots in to three based on the position I take with EURUSD - example - I do my homework and decide that the direction is down for EURUSD. The set up would be: short E/U, short G/U, long U/Ch. I don't analyse GBP or CHF, I just take the position for them with dollar that I take with EURUSD, (staying well away from USDJPY).

Weather the shorter timeframe retrace:


It ends up often that one of G/U or U/Ch is far more profitable, like this morning:

I once SAW a site where each currency was measured In relation to a big mac, cant find the site now though.

http://www.economist.com/markets/bigmac/

Try googling "currency meters". I know of one that will show you the relative strength of each currency when compared the others. It uses the data from your MT4 feed. If you don't use MT4, just download a demo and let it run in the background. The meter appears in its own window so you can use it with or without having MT4 displayed.

Also, Hanover is building one and has the prototype posted here on FF.

Thanks you

Thanks

You may ne looking for this:
http://currencymeter.com/images/nzdjpy-meter75.PNG
This meter is my best friend. You can do a google search for it
Search for "currency meter"