NB, you might want to try this script which has multiple options on closing orders and pending and.... Use it all the time myself.. Cheers
Trend Manager Trading System 153 replies
trading system opposite to trend 1 reply
DislikedDoes anyone have a working close all pending orders script. The ones I have only close on pair at a time. I would like to have one that closes all of them at once.Ignored
DislikedNBob - it's all about repatriation of funds. I saw a bank research report in the week asking the same question. It seems plausible. France reportedly sold boats loads of foreign currency and converted it into Euro to satisfy banks' capital holding ratios. Plus the ECB has been buying up Euros too. I often follow zerohedge.com in the day who report a lot of this stuff.
In any case - I have often found that we miss out on some great moves when trying to think fundamentally. I have often watched on the sidelines as strong trends emerge, married...Ignored
DislikedWell I guess you are right on that one, thanks for the info, but it still does not make sense to me. Then again fundamentals never really do. I understand retracements and why they happen but this is just a plain runaway, wish I had followed my chart on that one. Got pending orders sitting all over the place on this one waiting for it to return but ................... my sell Euro bias is biting me in the as...................... That is the thing about Forex, when you think you should be selling ...........?????Ignored
DislikedPlus Banks had been parking Euro assets in NZD and AUD for the positive yield effect. As their interest rates were higher than the Euro area, banks achieved positive yield on the difference. As soon as there is a sniff of that differential closing then funds are repatriated. But you would think the opposite effect was taking place in xxxeur pairs where other countries were selling eur to get out? I guess the buying power of the Eur area banks is greater than the selling of the other nations trying to ditch the Euro?
Still, just follow your MAs...Ignored
DislikedWell the big countries are still buying euros and will keep selling their currency at a higher pace than the countries that want out.
Either way your charts will tell the true story just have too look for the signs and forget the speculation news stations give out.Ignored
DislikedI took that trade also and just closed it. Time for bed had a real nice day today after several slow days. Over 300 pips today and 550 for the week.Ignored