Actually central banks do care about how strong or weak thier currency is. And sometimes they even mention a rate that they believe is more suitable for thier current economic conditions. Earth shattering, I know.... Thank you for your help.

I know that RBNZ has said before that their currency is at an unsustainable level. Does anyone know if they officially mentioned a target price or range where they'd like to see it?

Thanks, I'll test it again. Also adding a version number to the EA as you update it will keep everyone on the same page.

Lol, let me know if I'm missing something.

Yes, you are correct. The EA does move the stop loss, but only the stop loss that is on the initial order... The orders that open after the initial order don't have a stop loss set, so the initial order can get stopped without closing all opened ...

I downloaded your EA to look at it. I noticed that the EA only puts a stop loss on the initial order. Depending on one's broker that means all the other orders would have no stop loss and could potential leave a lot of open orders. If the system ...

Yes, I think a test of .85 is on the cards today but I would be looking to close my shorts if we get down bellow that level. I will also say that I would love to see the market test that .8430 support to see what would happen, but that may not ...

I see AUD/JPY is on there. Yesterday range at 93, 5 day at 110, and 10 day at 97 pips.

Hi NL, I suggest opening a trade explorer as well and custom start it to the start of this thread.

14 day ATR is at 70 pips, 34 day is at 80. If it bottomed for the day it would have to put in a little more than an average day to get to .91 but yes, of course it COULD get there.

This pair can not seem to stay away from .8430. Right against it as I type. There must be some very tasty stops above that level. Im looking to go short after this hungry market has its feast on those stops.

Good charts. Thanks for posting them. Exactly what I'm watching and seems so obvious. Should be interesting to see how this plays out.

You are correct. The inverted head and shoulder pattern we are watching is on larger time frame. Anticipating a decline to around .88 for the shoulder to complete then a rise to around .9350-.9450 I think that is the rise in price you are referring ...

I love this thread. I used to think that there was no way to make money trading forex. I would loose so many trades. Even what I thought were the perfect trades would get stopped out by a margin of only a few pips. How could this happen over and ...

Would this be a valid short set-up for you?

Good luck goldcrash. You seem to be taking all the criticism just perfectly. The idea behind this test as you call it, shouldn't be to see if your account will get blown or how much you will profit. This is a very good test to learn about yourself ...

I couldn't find anything when searching for easy scaling script. Mostly scripts on scaling in, not out. Could you point me towards where I might find Easy Scaling Script?