I wasn’t asking to compare positions
I was asking because I wanted to make you aware of the near perfect inverse correlation between EURUSD / USDCHF. Not sure if you knew about this…
In essence, you’re doubling your risk by making those trades- when the EURO moves up, the Swissie moves down (and vice versa) 98% of the time.
Think about what the two currency pairs represent:
EUR vs USD
USD vs CHF
Right now, the correlation is @ -98.4%. With -100% being perfect inverse.
Switzerland is not part of the EU, but their currency is pegged to the EUR.
If you risk 3% on each trade, and both stops are hit, you’re losing 6% of your equity.
Why not just trade the EURUSD- cheaper spread, more volatility.