Pair Oposites

stupid question!!! coming up

what would be the oposite pair to GBP/USD

for example EUR/USD moves similarly to GBP/USD

what would move oposite to the GBP/USD ( similar oposite moves)

ie GBP/GBP goes up

X pair goes down (it also needs to have low volume during the asian hours) so JPY might not be a option

Hmm I don’t think there’s any type of correlation among these pairs.

If you are long USD in one pair and short it in the other (such as long EUR/USD and long USD/CHF) then from a USD perspective - that being the most dominant - you have opposites. But at the same point any time you have multiple pairs open you potentially have a cross rate exposure.

I am going to try to pre-empt your question.

Are you trying to set yourself up to do offset trading?

Offset trading is where you go long in one pair and go short in another pair that is trading as a mirror image to the 1st pair.

If this is your plan, do not do it!!
If this is your plan, I can post a U tube video that explains why not to do it.

[B]If this is not your plan, ignore this post.[/B] :wink:

thank you for your responce

i have seen your posts before and respect your opinion, even those you still get the idiots who dont listen.

actrully it wasnt so much offset trading i was so much thinking about, let me explain my stratergy

here is how i role

I wake up at 4am each morning i always check the basic’s for the day ie, news ect. see what companies have gone bust for today

then i pull up my GBP/USD chart i draw 2 lines from the over night time from 21:00 to 05:00

I then draw 2 more lines. 1st the highs during this over night trading period 2nd line the lows

i then count 5 pips above the highs and then set a Buy Stop at that price

I then count 5 pips below the lows and then set a Sell Stop at that price

I trade GBP/USD with a good success rate, so now im happy with that i was thinking of adding EUR/USD but they seem to closley connected so i was looking for a pair really that has no resemblance to the GBP/USD as i dont want 2 many trades identica,l as we all know that can be a disaster.

Ha Ha HO HO :smiley:
That must be a lot of companies these days!! :smiley:

I trade GBP/USD with a good success rate, so now im happy with that i was thinking of adding EUR/USD but they seem to closley connected … as i dont want 2 many trades identical,… .

I see.
It is not offset trading.

Yeah, a lot look very much like each other.

AUD/USD and AUD/JPY are such a set.
Almost identical.

I think we must expect this since they all move according to the same economic data.

OK, whats this “super moderator” thing?

I know all the Administration who take part here.
Are you the new kid on the block?

Maybe you could identify yourself? :cool:

If you want something that’s not closely linked to GBP/USD then you want to avoid another major (meaning USD) pair. Look to the non-GBP crosses.