Yes.
By default, Open/Save dialogs always try to use the path of the currently opened document as the starting place. However, if there is no document opened, there is no path to be used and the dialogs start in the Documents location.
You can modify this location by setting a relative or absolute path as the Default path in the Settings dialog File page. While the usage of an absolute path is quite obvious, using a relative path may be more even interesting.
For example, if you use a simple dot (.) as the Default path, then the dialogs will start in the directory, where you started the editor. This may be the location of a text file you double-clicked on in the explorer. Or it may be the working directory of the shortcut you used to launch the application.
Other useful example is a simple back-slash (\), which will make the dialogs start in the root of the drive, where you started the application. This can be used on your portable USB drive, when moving from one computer to another.
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