I have been searching for the best way to identify strong or weak currencies each day. Pairing a weak currency with a strong one is obviously an ideal way to select pairs when looking for trades however i have still not found an efficient and consistent way to do this. I have been looking at trader 101's basket method with some great success. Sometimes though, the basket is jumbled up and market direction is hard to gauge. I have also been watching a few different currency strength meters from the relative strength basket thread. The problem is the signals seem to come too late and often times when a currency looks to be strong, it is actually overbought and ready to retrace so you end up being on the wrong side of the trade. I have had some success also using fundamentals. For example, because of the Greek debt problems, the Euro has been dropping across the board and because the CHF has been viewed as a safe currency, selling eurchf over the past few weeks has been very profitable. Still though, i wonder how other members of our forum select weak/strong currencies to trade intra day? Ideally, im looking to find a perfect pair, and exploit its inherent weakness or strength for that day by scalping on the lower timeframes. Any ideas? Any advice? How do you select pairs to trade each day and what type of results are you achieving?