EUR/CAD short

Discussion in 'Forex' started by uninvited_guest, Sep 20, 2005.

  1. I believe that EUR/CAD short would be a good play. With Refcofx the spread is 10 pips. But I could enter this trade instead:

    EUR/USD sell (3 pip spread)
    USD/CAD sell (5 pip spread)

    Total 8 pip spread and is the same as EUR/CAD sell. Any comments?
  2. Kinda late imo.
  3. Yes, you could do that. As long as you maintain the correct ratio, of course: 1.21 looney lots short for each euro lot short, or as close as feasible. And you'll need to be careful with your SLs and TPs.
  4. anyone tell me where I can get FOREX news real time at night?
  5. I don't think so.

    Take a look at the 1 year chart, this is one of the most consistent/strong trends I have seen.
  6. Exactly why I say it's kinda late -- would have been a very nice trade to enter 9 months ago. But now? Where would you set your stop? Can you sit through a spike as large as the one in December?