Currency Pairs Individuality

Hi guys,

I haven't seen topic like this (sorry if i miss something), but as we live with these currency pairs, go to sleep, eat, breathe,

please put here your notes about what currencies you are trading and why you choose them.

what do you feel which ones are better than others, some is more specific or just less/more predictable and so on...

Can we describe them with adjectives? stubborn, energetic, cute?

all opinions would be interesting to hear

Cholia

in normal times the only currency i watch is the USD

nowadays, with all the interventions and manipulations, the correlations are somewhat blurred


by the way, if you are Hispanic, SHAME ON YOU!!!!

you spelled your name wrong!!!! please learn your mother tongue
if you are not Hispanic, disregard my rudeness, i am talking out of my ass.

CHOLILLA its little gangster girl, which by the way, i would be ashamed to be associated with cowards, that give latinos a bad name.
when you fight a latino you fight face to face, one on one.
you dont need to cry to your homies, or go tag around like a dumb ass

if you are not hispanic, please forgive my dumbass comments

No I am not Hispanic=)


So you watch all usd pairs or just major?

I actually follow many more currencies than most since I trade very large TF's as I swing and position trade off global and macro sentiment and large country inefficiencies and discrepencies in economic policy.

I follow the USD obviously, EUR/GBP/AUD/SEK/DKK/RUB/NZD/CHF/PLN/JPY/SGD/RUB and a few other lesser known exotics

of course everyone has their style and i am actually practicing learning how to day trade the EU with much smaller TF's and reasons for entering trades. It has proven very difficult but im figuring it out

I believe that it should be a little easyer to follow exotic pairs as it is not so volatile..

these are like exotic palm tree, it does not have enough strenght to resist when the storm is coming, it tends to wind direction..

sorry for romance in fx =D

I read somewhere that some off the currencies is influenced more on certain things than the other... aud more related with gold, jpy with equities.. what colors to currencies world brings these things?

EUR/GBP seems like more europeanian than other..is not really volatile, conservative to news and really catholic..

=)

http://www.gaincapital.com/files/Dolan_03061SFOMag.pdf

i found this article..

The USD is the Base for Every currency transaction in Forex. except for the EUR/JPY that is actually quoted in Euros.
Read about the structure of the market and how currencies are quoted.

The majors are the most liquid pair, with less spread, so i tend to like those better.

The Fiber, Cable, and Aussie are all positive correlated and should all move up on dollar weakness. (unless there is manipulation, interventions, or something out o the ordinary going on this is usually the case) They are the base in the pair

The Yen, Loonie, and Swissy should all move down on dollar weakness this is because the base is the USD


any cross or exotic is calculated according to the relative value of USD vs the two currencies. ie

USD/x vs USD/y= X/Y
in case of crosses= GBP/USD vs EUR/USD= ERU/GBP
the swings on crosses and exotics are usually more pronounced and many times the majors lead.