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On the weekly interview on [URL="http://www.forextv.com/"]Forex TV[/URL], I spoke with Julie Sinha about the run of the Aussie on parity, a possible turnaround in the Euro, the exciting week in Britain and more. Enjoy:

After the dollar’s fall smoothed in the past week, the net shorts still reached a fresh peak. When everybody is short, who’s left to sell? This didn’t happen last week, but can sure happen now, especially with the Euro, that already dipped below uptrend support.

See the [URL="http://www.forexcrunch.com/aussie-parity-possible-euro-turnaround-and-exciting-british-week-in-the-video-outlook/"][I][B]forex video here[/B][/I][/URL].

[B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR/USD[/URL] lost the uptrend support that characterized its trading for over a month. This trendline was successfully tested around the Non-Farm Payrolls. But now, the Euro ran out of fuel. We’re still awaiting a full confirmation. Update.[/B]

[B][URL="http://www.forexcrunch.com/wp-content/uploads/2010/10/eur-usd-below-uptrend-support-october-11.jpg"][IMG]http://www.forexcrunch.com/wp-content/uploads/2010/10/eur-usd-below-uptrend-support-october-11-450x236.jpg[/IMG][/URL][/B]

Euro bears enjoyed thin volume. American banks are on holiday to due to Columbus Day. The economic calendar isn’t crowded, and trading volume is low. ...

Automated Moving Average Stop Loss

FxCodeBase created a new strategy for Marketscope that operates similarly to a trailing stop which you can use as another risk management tool. This strategy automatically places a stop loss order at the moving average line you specify. As the moving average line changes, so too will your stop loss order.

Here's how it works...

If you take a look at the image below, I have added the moving average stop to a EUR/AUD trade as an example. The chart is a 60 minute chart of EUR/AUD and I have 3 short positions. I have added a 100 period simple moving average and this moving average line acts as the stop loss. An actual stop loss order is created automatically by ...

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