EURCAD play?

sounds like a dumb trade- the CAD and EUR are both oversold. They are likely to rise in spite of eachother, negating any differences that you could trade off of.
 
I always thought the EURJPY was a better trade for what you are trying to do. Trading the EURCAD is like taking a detour through the Yukon to get to California.
 
Quote from psytrade:

I always thought the EURJPY was a better trade for what you are trying to do. Trading the EURCAD is like taking a detour through the Yukon to get to California.
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EURJPY trade already made a huge move (kind of like those wondrous AUDUSD and AUDJPY SHORT trades I was in recently)....I will let that one sit for a while. :)

BTW, Canada is very scenic! :D
 
Took SHORT EURCAD positions at 1.6005 today and also decided to take SHORT USDCAD positions at 1.2190 .....will see how it goes.
 
Quote from AMT4SWA:

Took SHORT EURCAD positions at 1.6005 today and also decided to take SHORT USDCAD positions at 1.2190 .....will see how it goes.
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EURCAD hit one of my first targets at 1.5700. The USDCAD ran almost 100 pips in the money before reversing (as oil dropped off below $70.00 again) so I had to flatten at 1.2170 (for very minimal profit)..... I have now re-entered the USDCAD SHORT at 1.2300 so I will see how this level holds.
 
Sold additional USDCAD at 1.2510 and had the remainders of my EURCAD SHORT covered at 1.5850 ...... re-enterd the the EURCAD SHORT at 1.6100 with all the movement from oils drop to new lows in the overnight session.
 
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