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In the minor mode, a common borrowed chord from the parallel major key is the Picardy third. In the major mode, the most common examples of borrowed chords are those involving the ♭, also known as the lowered sixth scale degree. These chords are shown below, in the key of C major. [8]
Common chords are frequently used in modulations, in a type of modulation known as common chord modulation or diatonic pivot chord modulation. It moves from the original key to the destination key (usually a closely related key) by way of a chord both keys share. For example, G major and D major have 4 chords in common: G, Bm, D, Em.
The accompaniment performers translate the Roman numerals to the specific chords that would be used in a given key. In the key of E major, the diatonic chords are: E maj7 becomes I maj7 (also I ∆7, or simply I) F ♯ m 7 becomes II m7 (also II −7, II min7, IIm, or II −) G ♯ m 7 becomes III m7 (also III −7, III min7, IIIm, or III −)
the root note (e.g. C ♯) the chord quality (e.g. minor or lowercase m, or the symbols o or + for diminished and augmented chords, respectively; chord quality is usually omitted for major chords) whether the chord is a triad, seventh chord, or an extended chord (e.g. Δ 7) any altered notes (e.g. sharp five, or ♯ 5) any added tones (e.g. add2)
[1] [2] For example, G major and G minor have the same tonic (G) but have different modes, so G minor is the parallel minor of G major. This relationship is different from that of relative keys, a pair of major and minor scales that share the same notes but start on different tonics (e.g., G major and E minor).
In a minor key the intervals are reversed: the tonic parallel (e.g. Eb in Cm) is a minor third above, and the counter parallel (e.g. Ab in Cm) is a major third below. Both the parallel and the counter parallel have two notes in common with the tonic (Am and C share C & E; Em and C share E & G).
Put another way, it is the key whose tonic is the dominant scale degree in the main key. [8] If, for example, a piece is written in the key of C major, then the tonic key is C major and the dominant key is G major since G is the dominant note in C major. [9] "Essentially, there are two harmonic directions: toward I and toward V.
The CAGED system is an acronym for the chords C, A, G, E, and D. This acronym is shorthand for the use of barre chords that can be played anywhere on the fret board as described above. Some guitar instructors use it to teach students the open chords that can work as barre chords across the fret board.