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  #231 (permalink)  
Old 05-20-2008, 09:36 PM
 

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Last week was my first experience trading the G/J pair. I use to trade the EUR/USD but due to a job change I've had to trade during this time slot. Although I've been quite lucky so far, I can definitely see how you would have to be patient when dealing with this pair. It can take you for quite a ride sometimes
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  #232 (permalink)  
Old 05-20-2008, 09:37 PM
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Originally Posted by #1 Draft Pip View Post
Last week was my first experience trading the G/J pair. I use to trade the EUR/USD but due to a job change I've had to trade during this time slot. Although I've been quite lucky so far, I can definitely see how you would have to be patient when dealing with this pair. It can take you for quite a ride sometimes
LOL isnt that the truth!!
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  #233 (permalink)  
Old 05-20-2008, 09:54 PM
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Pairs do have personalities, and traders do develop "relationships" with those pairs they trade most heavily. I monitor and take trades on 18 pairs, but the Guppy has and does command a disproportionate amount of attention - probably because it generates a disproportionate amount of pips.

I'd say you're definitely on to something there, #1 - patience to 'learn' the pair is of great importance. I can think of pairs that function more disparately than EUR/USD and the Guppy; we're not talking apples and oranges, but there's certainly a difference in their general behavior. Someone like pipchick who has specialized in the pair for two years can trade it with more-or-less consistent success (correct me if I'm wrong pipchick!); but I'm sure she'd say (as I would) there's an acclimation period. And even then the pair can be awfully moody.

Btw, #1 - welcome to the forum!
Last edited by Andrewunknown; 05-20-2008 at 09:56 PM. Reason: Greetings!
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  #234 (permalink)  
Old 05-20-2008, 09:59 PM
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Originally Posted by Andrewunknown View Post
Pairs do have personalities, and traders do develop "relationships" with those pairs they trade most heavily. I monitor and take trades on 18 pairs, but the Guppy has and does command a disproportionate amount of attention - probably because it generates a disproportionate amount of pips.

I'd say you're definitely on to something there, #1 - patience to 'learn' the pair is of great importance. I can think of pairs that function more disparately than EUR/USD and the Guppy; we're not talking apples and oranges, but there's certainly a difference in their general behavior. Someone like pipchick who has specialized in the pair for two years can trade it with more-or-less consistent success (correct me if I'm wrong pipchick!); but I'm sure she'd say (as I would) there's an acclimation period. And even then the pair can be awfully moody.

Btw, #1 - welcome to the forum!
It does take time and patience. Not to mention MONEY when you are learning it.lol
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  #235 (permalink)  
Old 05-20-2008, 10:04 PM
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Well, darn.

I thought for sure we had a nice close sub-203.70 lined up there, but I was just waiting for it to evaporate in the last couple minutes...and sure enough, it did. Nothing personal toward the longs, of course.
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  #236 (permalink)  
Old 05-20-2008, 10:05 PM
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Well, darn.

I thought for sure we had a nice close sub-203.70 lined up there, but I was just waiting for it to evaporate in the last couple minutes...and sure enough, it did. Nothing personal toward the longs, of course.
lol...of course not
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  #237 (permalink)  
Old 05-20-2008, 10:07 PM
 

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Quote:
Originally Posted by Andrewunknown View Post
Pairs do have personalities, and traders do develop "relationships" with those pairs they trade most heavily. I monitor and take trades on 18 pairs, but the Guppy has and does command a disproportionate amount of attention - probably because it generates a disproportionate amount of pips.

I'd say you're definitely on to something there, #1 - patience to 'learn' the pair is of great importance. I can think of pairs that function more disparately than EUR/USD and the Guppy; we're not talking apples and oranges, but there's certainly a difference in their general behavior. Someone like pipchick who has specialized in the pair for two years can trade it with more-or-less consistent success (correct me if I'm wrong pipchick!); but I'm sure she'd say (as I would) there's an acclimation period. And even then the pair can be awfully moody.

Btw, #1 - welcome to the forum!

I can certainly agree with your point about how certain pairs have different "personalities". In fact I noticed within a few days that with the G/J you have to give it some room to play around a bit. At least in my experiences so far, having tight S/L positions is a sure way to get stung.
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  #238 (permalink)  
Old 05-20-2008, 10:11 PM
 

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Originally Posted by Andrewunknown View Post
Well, darn.

I thought for sure we had a nice close sub-203.70 lined up there, but I was just waiting for it to evaporate in the last couple minutes...and sure enough, it did. Nothing personal toward the longs, of course.
Nothing personal on this end either ... However, I was beginning to wonder myself if price would ever snap back.
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  #239 (permalink)  
Old 05-20-2008, 10:12 PM
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Alright, now institutional money is just toying with us.
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  #240 (permalink)  
Old 05-20-2008, 10:13 PM
 

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Yep... It's not looking so good anymore.
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