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 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
That must be a lot of companies these days!!
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.