Forex: 12 Major currency pairs

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http://proforex.blogspot.com/2008/07/12-major-currency-pairs.html
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Forex
My Forex Jornual. I will post on this blog my thoughts about Forex, as well as any other forex related topics such as diffrent Forex brokers,
currency trading strategies and interesting indicators.

1 of 3 11/02/2011 15:33
Forex: 12 Major currency pairs
X Cha
http://proforex.blogspot.com/2008/07/12-major-currency-pairs.html
X Cha
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PD e PD e

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THURSDAY, JULY 31, 2008 Forex News (35)
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12 Major currency pairs Other (5)
Technical Analysis (1)
Well to be honest there is no such thing as 12 major currency pairs, there Trading Strategies (4)
are actually about 7 (depends on how you count) major currencies, and
well ... many major currency pairs.

So what's with your title, you maybe wondering? Let me justify myself, like
i said there is no such thing as 12 major currency pairs, this is my list of
currency pairs i like to trade, all my currency pairs are made from major
currencies thus the name "12 Major currency pairs", however i do not
advice you to use this name in group of professional forex traders, in best
case they will get confused ... i do not want to tell what can happen in the
worst case here :).

I will give you the list shortly but let me first explain why i choosed this
currency pairs. There are few reasons, there are quite big moves on them
in short periods of time, small spread, and i find it easy to apply technical
analysis to those currency pairs.

Ok here it is:

EUR/USD - well obvius, there is not a single trader who does not
trade this currency pair
GBP/USD - pretty similar pair to EUR/USD however it is quicker,
and the moves are about 50% bigger, 150 PIPs daily is not
uncommon for this pair.
USD/JPY - quite predictible lately, notice that most of the time
USD/JPY is bullish it moves slowly up, when there is a correction
on this pair, it moves few hundreds pips down in just few days.
EUR/JPY - pretty much the same as USD/JPY but moves are less
predictible
AUD/USD - good alternative where you have no idea where
EUR/USD will go, however moves on this pair are smaller then on
EUR/USD
USD/CAD - pretty predictible, mainly because CAD is highly
correlated with oil price, and you know what oil price chart looks
like right?
USD/CHF - very strong correlation between this pair and
EUR/USD
EUR/CHF - the same as USD/JPY slowly moves up and then
Articles
quickly falls down
EUR/CAD - high spread, well i do not know i just like to trade, i How To Make Perfect Entry Point on
Forex
always find it easy to predict where will it move and how much
Detecting trend reversal
EUR/GBP - very slow currency pair, however sometimes spread Forex easy success
can be low on it Marketiva, good or bad?
EUR/AUD - this is very personal pick, i like to trade, but spread is Silver Trend Indicator
very high so i only use it for long term trades Swing Trading vs. Intraday Trading
NZD/USD - yes NZD is not really a major currency, but i like to Forex Candles
trade this pair because it has low spread, easy to predict and has Currency Correlation
weak correlation to any other pair on this list
Forex Strategies
Well that is all, if you have your own private currency pairs list feel free to
share it here in comments section, also i will be happy to answer any of Hedge Hog (EUR/CHF)
your questions. Hedge Hog (GBP/CHF)
Posted by Grzesiek at 9:32 AM
Labels: Trading Strategies
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2008 (11)
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July (2)
Adel said... 12 Major currency pairs

hi Day Trading Forex Currency

February (1)
i just wanted to say that i really like your blog here,,,, and i
January (7)
want to add you to my MSN list if that's OK with you,,, :)
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2 of 3 11/02/2011 15:33
Forex: 12 Major currency pairs
X Cha
http://proforex.blogspot.com/2008/07/12-major-currency-pairs.html
X Cha
F- ng F- ng
PD e PD e

!
W

W
O

O
N

N
y

y
bu

bu
to

to
k

k
lic

lic
C

C
w

w
m

m
w w
w

w
o

o
.d o .c .d o .c
c u -tr a c k c u -tr a c k

3 of 3 11/02/2011 15:33