Hello lovethetrade, no they are not necessary and at one point I was balancing across Eur/gbp, Eur/Jpy, Eur/usd, Gbp/Jpy, Gbp/usd and Usd/jpy only. The problem with that was I was consolidated across less pairs. It's not perfect now, but I believe better, even though it can be slightly weighted into Usd or Eur more than the others. In an environment where the average person has zero hedge and fully weighted into their country of origin, I believe it is better. Thanks for the question.
Hello MrMupper, I am basing my positioning off a multiple commodity spread to give me direction on the different currencies. Then I see if those parameters are correlating with or against each other. Thanks for your interest in this thread.
Ok, don't want to let you off too easy. What products are you trading? I will revise my Quant test for you.
Actually I am here looking for specific persons. The trading is just to verify that I know what I am doing and talking about. I will take your avoidance as a signal you are scared of failing my test.
Update to positioning. One position is dominating over the other. Will rebalance and will continue to leg in.
I have a real money trading journal on this site...shouldn't be hard to find. That's the only test that matters.