MoneyTec Traders Community Forum - View Single Post - Benefits to Specializing in Trading a Single Currency?

Paul Koszarny · 28-01-2003, 16:02

What to trade?
From the point of view of fractal modeling and fractal properties I would give the following rating to the majors:
1. EUR/USD
2. USD/JPY
3. GBP/USD
4. USD/CHF
Before the introduction of the euro the same table looked as follows:
1. USD/DEM
2. GBP/USD
3. USD/CHF
4. USD/JPY.
As you can see there has been a dramatic shift of the JPY, whereas CHF still remains low in the table.

For more colour I would look for a few adjectives and the first pair EUR/USD seems heavyweight, treachery yet unbelievably precise.
It gains colour for I think it used to be different (during the plummet from 1.1800 to 8225).

JPY has become more credible in forecasting. It's a happy ninja trading.

Any of these four would be good for the beginner who needs to concentrate on a chosen one pair. A broader picture is required for medium term trading. Intra-day I think one should develop a strategy pertaining to the very pair. Too much from the other markets may stop you from getting into the trade. I mean when you want to drive, you drive your car with discipline and freedom. Don't loosen your discipline on account of some fresh fundamentals which individually seldom change the sentiment.
Don't be carried by fundamental hours unless you have precise tactics short-term.

A professor in economics used to say: fundamentals are good bed-stories but seldom make good books. The next morning you may wish you had never told it.
Just try to understand the not-so-long mantra about the greenback over the board, on profi channels. The ambiguity of some type of TA findings is undeniable but at least TAs are not glued to one picture like dead mosquitos and are ready to apologize. Who of the mentors on TV ever apologizes in the evening for the morning fundamental outlook?

28-01-2003, 16:02	#14
Paul Koszarny Super Moderator Join Date: Nov 2002 Posts: 322 Downloads: 0 Uploads: 0 Rep Power: 0	What to trade? What to trade? From the point of view of fractal modeling and fractal properties I would give the following rating to the majors: 1. EUR/USD 2. USD/JPY 3. GBP/USD 4. USD/CHF Before the introduction of the euro the same table looked as follows: 1. USD/DEM 2. GBP/USD 3. USD/CHF 4. USD/JPY. As you can see there has been a dramatic shift of the JPY, whereas CHF still remains low in the table. For more colour I would look for a few adjectives and the first pair EUR/USD seems heavyweight, treachery yet unbelievably precise. It gains colour for I think it used to be different (during the plummet from 1.1800 to 8225). JPY has become more credible in forecasting. It's a happy ninja trading. Any of these four would be good for the beginner who needs to concentrate on a chosen one pair. A broader picture is required for medium term trading. Intra-day I think one should develop a strategy pertaining to the very pair. Too much from the other markets may stop you from getting into the trade. I mean when you want to drive, you drive your car with discipline and freedom. Don't loosen your discipline on account of some fresh fundamentals which individually seldom change the sentiment. Don't be carried by fundamental hours unless you have precise tactics short-term. A professor in economics used to say: fundamentals are good bed-stories but seldom make good books. The next morning you may wish you had never told it. Just try to understand the not-so-long mantra about the greenback over the board, on profi channels. The ambiguity of some type of TA findings is undeniable but at least TAs are not glued to one picture like dead mosquitos and are ready to apologize. Who of the mentors on TV ever apologizes in the evening for the morning fundamental outlook?