society wrote: Tue Feb 05, 2019 10:56 pm We trade pairs.
If long XXX/YYY.
How do you differentiate between being long XXX vs being short YYY.
How do you know which aspect of the trade is working or not working.

I can be short XXX/YYY. Is it YYY strength or XXX weakness that is making the trade?
How do you tell the difference?

rijay wrote: Wed Feb 06, 2019 12:52 am Analyze USD index for that.

rijay wrote: Wed Feb 06, 2019 1:25 am other countries currencies are driven mainly when their countries session is open, that is when most of the transactions of that currency takes place on interbank platform of that country. interbank transactions are driven mainly by demand and supply of physical currency of that country, speculation adds small component to it though.

rijay wrote: Wed Feb 06, 2019 1:54 am that small play by people is speculation, that does not move currency , interbank transactions taking place when banks open moves currencies,

if usd moves all other currencies will move, that is why it is important to analysing usd index,

for example, if you are tracking eur jpy then when japanese banks are open, jpy will move eurjpy pair, because jpy transactions are taking place on japanese interbank platform. during european session open, eur will move this pair, as european banks are doing transactions on their interbank platform.

but ultimaltely usd will move everything, so what happens to usd in us session on us interbank platform, will determine faith of all currencies for the next day.