Can anyone recommend a couple of pairs that trends well? Thanks.
[B]All the pairs can trend anytime and range trade anytime.[/B]
Boris Schlossberg tells us that pairs trend 20% of the time and range the remaining 80%.
([U]Before anyone jumps up and down about this[/U], I will have more to say on this in my own thread).
If you want to know what is trending [U]right now[/U], then go and look [U]right now!![/U]
Remember to go thro all of your chosen timeframes. 
tymen1 - Great answer, I couldn’t have put it better myself, I tried to go after this principle, someone recomended the YEN, some say the GBPUSD is better than EURUSD, garbage - it’s exactly like you say it is, it’s what’s happening now, my trading strategy is based on this very fact, it will continue doing what it’s doing until it does something else.
hey tymen1
Could you explain to me what a range bound currency is? I’m reading up on a particular trading strategy and I was instructed not to use the strategy on any range bound currencies like EURGBP.
Can you explain to me what this means?
Range bound simply means that the price action is moving between an upper and lower band.
These bands or channels, are drawn on the chart by the trader when he sees the price action oscillating back and forth.
These bands may be level, converging or diverging.
You have to keep your ear to the fundamentals to know how long they will last.
They can be used as support and resistance lines at the time.
I would advise against using strategies that work only under certain conditions until you are very experienced. :eek:
If you fail to diagnose your range/trend condition correctly, then your strategy will fail, giving you a loss. :eek:
I encourage you to keep looking for another strategy.
Simple is good.
Can you tell me how you perform fundamental analysis? Can you recommend some resources that will teach me how to properly perform fundamental analysis? Can you recommend some books, websites, software?
P.S. That was a nice illustration purplepatchforex, thanks for the image.
Thanks! This is really helping me out a lot!!
Totally new to Forex? I would suggest not to go down the fundamentals root, it gets complex, at some point this year, I’m not sure if it’s still he case but on bad US news the USD would go up because the market would buy bonds like mad (I think), psychology still affects fundamentals because more than the actual fundamentals it’s the markets perception of the fundamentals that can be more important. That is my humble opinion.
I suggest you would do well to take notice of the very last line on tymen1s’ message - Simple is Good.
[B]eurisko[/B], the best traders do their own hard work.
[U]I know that will not make you happy,[/U] but it is true.
But to help you, the financial bookstore is a great place to start.
There are too many books in print to list them.
By browsing at your financial bookstore, you will not only see a book that you like, but you will learn other unexpected things.
Then you can take on the internet - many hours of searching but there are the rewards when you are finished!!
You can google Amazon for books on fundamental trading.
On this forum we will spoon feed you to a point, but if you want to be a gun trader, you will need to do some hard yakka. 
You want fundamentals???
Sit down with a big bag of popcorn and go to forexfactory.com! They got fundamentals up the waz00 24 hours a day, and even little boxes to explain too you what you’re seeing! Even charts of fundamentals, WHOA MAN :eek:
Then there’s intermarket relationships! inter-what now??? Yes! Intermarket relationships are when external markets like the Dow Jones and Gold affect the market YOU are trading RIGHT NOW!
And for my grand finale, there are PRICE CHARTS! Load those babies and watch in REAL-TIME the FUNDAMENTALS move the price! I’m telling you this **** is off the hook!
AND ITS FREE! :eek::eek:
Well there you are, eurisko
You got an easy answer this time with no homework to do!! 
And popcorn to boot!!
WoW!! Awesome information everyone!!
I’m actually not totally new to forex, I’ve been demo trading for 6+ months, I’m trying to learn fundamental analysis because while im trading i start to see a reversal even though indicators specified a certain trend direction. I’m really curious about how fundamental analysis works and how it can improve my trading ability, im sure its a complex beast, but its worth it!!
I will check out forexfactory.com, thanks!!
I’m currently searching for a book on how to conduct proper fundamental analysis, for any particular currency. Is there a book that anyone would recommend?
haha tymen1, yeah i got some popcorn, now i just need some beer
I think EURUSD trend well among all the others but it depends on certain circumstances where the numbers go down.
The EURUSD does NOT trend well, that is my opinion, which really proves the point about which pairs trend, your perception and my perception of a trend may well be different, BUT on the whole pairs will range between 70 - 80% of the time and then they’ll move to another price range, it’s more of a RANGE, MOVE, RANGE, MOVE rather than a ‘trend’ as such, GBPUSD has been in a range on the daily chart for months until now, now it’s moving, then in a couple or three weeks or so it’ll settle and range again for a while.