PatternTrapper's Commentaries

The Trend Trader For Forex Trading on Tuesday, November 10, 2009

The Trend Trader helps to identify the current trend status of your favorite forex markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness. Before you place your next trade, be sure to consult the Trend Trader.

The Trend Trader for ForexNeal Weintraub: Pivot Point analysis is merely a tool and should be used with other technical indicators. It can be used to enter a trade, or exit a trade and when combined with average true range is a powerful money management tool. Once you enter a trade, you are no longer a trader, you are a risk manager and should monitor your trades on a weekly or daily basis depending on volatility. When you enter a trade assume you are wrong and let the market prove you are right. This will diminish the hubris and arrogance that is common to many traders. Please use these Pivot Points as a guide to better trading.


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The Trend Trader for Forex
dot_clear.gifFor Trading On Tuesday, November 10, 2009

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Presented by the Pattern Trapper - www.PatternTrapper.com - 952-892-5550
dot_clear.gifTrend Trader readings are based on Daily Pivot calculations.  For a detailed explanation Click Here! 


   THE BIG SIX

Close

Change

3x1

7x5
Minor
Trend
Major
Trend
Trend Reading
 AUDUSD - Aust Dollar / US Dollar0.9297+ 0.01100.91690.9096ArwUp.gifArwUp.gifBullish
 EURUSD - Euro / US Dollar1.4999+ 0.01551.48941.4796ArwUp.gifArwUp.gifBullish
 GBPUSD - British Pound / US Dollar1.6758+ 0.01471.66291.6502ArwUp.gifArwUp.gifBullish
 USDCAD - US Dollar / Canadian Dollar1.0551− 0.01991.06571.0738ArwDwn.gifArwDwn.gifBearish
 USDCHF - US Dollar / Swiss Franc1.0076− 0.00961.01431.0212ArwDwn.gifArwDwn.gifBearish
 USDJPY - US Dollar / Japanese Yen89.925+ 0.04690.19990.126ArwDwn.gifArwDwn.gifBearish
   ALL OTHERS
 AUDCAD - Aust Dollar / Canadian Dollar0.9807− 0.00700.97770.9778ArwUp.gifArwUp.gifBullish
 AUDCHF - Aust Dollar / Swiss Franc0.9367+ 0.00220.93040.9279ArwUp.gifArwUp.gifBullish
 AUDJPY - Aust Dollar / Japanese Yen83.593+ 1.04182.69381.712ArwUp.gifArwUp.gifBullish
 AUDNZD - Aust Dollar / New Zealand $1.2505− 0.01561.25931.2596ArwDwn.gifArwDwn.gifBearish
 CADCHF - Canadian Dollar / Swiss Franc0.9546+ 0.00890.95190.9516ArwUp.gifArwUp.gifBullish
 CADJPY - Canadian Dollar / Japanese Yen85.205+ 1.64984.58783.859ArwUp.gifArwUp.gifBullish
 CHFJPY - Swiss Franc / Japanese Yen89.232+ 0.90888.87788.327ArwUp.gifArwUp.gifBullish
 EURAUD - Euro / Australian Dollar1.6129− 0.00261.62321.6267ArwDwn.gifArwDwn.gifBearish
 EURCAD - Euro / Canadian Dollar1.5825− 0.01341.58701.5865ArwDwn.gifArwDwn.gifBearish
 EURCHF - Euro / Swiss Franc1.5115+ 0.00131.51101.5104ArwUp.gifArwUp.gifBullish
 EURDKK - Euro / Danish Krone7.4408− 0.00107.44177.4418ArwDwn.gifArwDwn.gifBearish
 EURGBP - Euro / British Pound0.8949+ 0.00140.89530.8972ArwDwn.gifArwDwn.gifBearish
 EURJPY - Euro / Japanese Yen134.896+ 1.475134.283133.377ArwUp.gifArwUp.gifBullish
 EURNOK - Euro / Norwegian Krone8.3752− 0.06988.43038.4691ArwDwn.gifArwDwn.gifBearish
 EURNZD - Euro / New Zealand Dollar2.0175− 0.02882.04472.0512ArwDwn.gifArwDwn.gifBearish
 EURSEK - Euro / Swedish Krona10.2669− 0.105310.369910.4148ArwDwn.gifArwDwn.gifBearish
 GBPAUD - British Pound / Aust Dollar1.8021− 0.00591.81291.8148ArwDwn.gifArwDwn.gifBearish
 GBPCAD - British Pound / Canadian $1.7679− 0.01801.77201.7745ArwDwn.gifArwDwn.gifBearish
 GBPCHF - British Pound / Swiss Franc1.6885− 0.00121.68711.6833ArwUp.gifArwUp.gifBullish
 GBPJPY - British Pound / Japanese Yen150.700+ 1.408149.946148.770ArwUp.gifArwUp.gifBullish
 GBPNZD - British Pound / New Zealand $2.2540− 0.03572.28362.2857ArwDwn.gifArwDwn.gifBearish
 NZDCAD - New Zealand $ / Canadian $0.7838+ 0.00510.77560.7742ArwUp.gifArwUp.gifBullish
 NZDCHF - New Zealand $ / Swiss Franc0.7486+ 0.01170.73830.7355ArwUp.gifArwUp.gifBullish
 NZDJPY - New Zealand $ / Japanese Yen66.803+ 1.68465.65664.908ArwUp.gifArwUp.gifBullish
 NZDUSD - New Zealand $ / US Dollar0.7429+ 0.01860.72780.7211ArwUp.gifArwUp.gifBullish
 SGDJPY - Singapore Dollar/Japanese Yen64.865+ 0.34964.75264.482ArwUp.gifArwUp.gifBullish
 USDDKK - US Dollar / Danish Krone4.9601− 0.05214.99605.0293ArwDwn.gifArwDwn.gifBearish
 USDHKD - US Dollar / Hong Kong Dollar7.7498+ 0.00007.74987.7498ArwDwn.gifArwUp.gifNeutral
 USDNOK - US Dollar / Norwegian Krone5.5821− 0.10525.66055.7260ArwDwn.gifArwDwn.gifBearish
 USDSEK - US Dollar / Swedish Krona6.8437− 0.14296.96457.0381ArwDwn.gifArwDwn.gifBearish
 USDSGD - US Dollar / Singapore Dollar1.3857− 0.00671.39201.3957ArwDwn.gifArwDwn.gifBearish
Statement of disclaimer: This information was compiled from sources believed to be reliable, but its accuracy cannot be guaranteed. There is substantial risk of loss in trading futures, forex. ETFs, and stocks. There is no warranty, express or implied, in regards to the fitness of this information for any particular purpose. Past performance is not a guarantee of future results. All materials are copyright © 2009 by Bob Hunt. No part of these resources may be reproduced, stored or transmitted without the prior written permission of the copyright holder.
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