Searching about Hedging strategies, came accross a techinique which seems interesting (i.e. interest positive). The strategy is to to Buy 1 pair GBP/JPY, sell 1 pair USD/JPY and sell 1 pair GBP/USD. In this triangular hedge, the off balance in the units of Yens would be the volatility,which could be encashed on a positive swing, while all the time accruing [email protected] 6 USD per day per standard lot. Could some experienced trader throw light on this and also please let us know what is the maximum pips negative swing they have experienced or should be expected. Thanks