Crosses and other thoughts

It looks like many traders are focused heavily on USD related issues. my question is are there any traders out there making a living consistently off crosses, for example, Gbp.JPY, Gbp.EUR, or EUR.JPY, etc etc. How does the crosses react to USD related news? Just wanted to get some insight.

I grab a nibble of the eur/jpy every now and then. As you know it is trending like nobody's business right now. It can be a little smoother and is less volatile than the major dollar crosses but that also means the net daily movement is less and therefore less interesting to me.

Hello, Moneydude.


My Best trading which is 95% wins are usually on the Eur/Jpy.
Because the Eur/Jpy is 80% manpuliated by Technical data so
a good system can see all the moves because much less noise
that causes it to be more predictable, And yes USD does has involvment in cross pairs in a way that if the USD/JPY is weaking because of Ecconemical reasons or any other reasons your gona see it also weaken against a cross pair unless something with those countrys can counter it. For example...The USD Vs the Yen is weaker because of Ecconemical Data coming in weaker for the Yen but with EUR VS Yen. Bussnies is better there for the Yen so the weakenss from the USD dosnt reflect for the bussnies with the Euro.

Curious Palabara.. I have been pondering shifting my trading to crosses mainly the eur/jpy My trading career is quite extensive however the crosses are unkown territory to me. What brought me to desire the eur/jpy is that it seems to yield action even when all else has gone to ta threaded sideways pattern. Anything that you may disclose pertaining to a good technical setup and maybe the qurks of such a cross eur/jpy.. i.e. most active intervals, things that maybe cause anomolies that are as unexpected such as when trading on the usd based side cause sudden moves for no fast logical reason. I would assume that the euro fundamentals and the yen fundamentals would pose the greatest outside of technical movements with sentiment.
Anthony

So Am i right to state that crosses are not as news driven as USD related issue? For example, EUR-GBP charts does not whipsaw as much as others, and it is less volatile. Why would not one just double the contract size to trade it instead of looking for 30 pip spread during news time? I dont know, just scratching the surface of the crosses.

Well news also have a reflection on it but much less. Big issue on it is when the Euro VS USD the Euro go's up and the USD Vs the Yen stands still or go's up Ie the Yen loseing its value Then its gona lose its value on the cross currency also. This is a cross Currency but still seperetly they are pegged to other currencys which effect the prices between each other. Ie the Euro Loseing or Gaining Value reflects on its changeing value vs the Cross Currency the reason is why the euro/yen where it is now well look it like this
looking at years back when the euro was at 1.22-1.27 the yen was at 130.
now the yen is at 112-117 so the cross currency is effected by price shift like that. Its not part of the factors that are cross releated. But the EUR/GBP is diffrent and dosnt move far because the GBP follows the Euro. as the Euro grew again from 1.22 the GBP was at 1.76 now the Euro is at 1.27 and GBP at 1.88 but because the GBP Now...passed the euro. It shifted down from its .68-.69 range to .66-.67 range. Hope this info helps.

This XL Sheet might help you determine which pair will and/or wont coincide.

http://www.forexfactory.com/forexfor...ead.php?t=7460

Post #3 & 4

That is an Excellent. Thank you Bemac.

You're more than welcome but dont thank me, thank Rena's Dad. He posted the link, I just ported it into XL.

Besta BL tae ye

so do you guys attempt the normal TA for crosses as well? a market is a market right?