The Trend Trader For Forex Trading on Friday, December 4, 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.

Neal 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.

The Trend Trader for Forex For Trading On Friday, December 4, 2009 Presented by the Pattern Trapper – www.PatternTrapper.com – 952-892-5550 Trend Trader readings are based on Daily Pivot calculations.  For a detailed explanation Click Here!     THE BIG SIX Close Change 3×1 7×5 Minor Trend Major Trend Trend Reading  AUDUSD – Aust Dollar / US Dollar 0.9238 − 0.0009 0.9243 0.9109 Neutral  EURUSD – Euro / US Dollar 1.5055 + 0.0011 1.5065 1.4986 Neutral  GBPUSD – British Pound / US Dollar 1.6540 − 0.0088 1.6590 1.6501 Neutral  USDCAD – US Dollar / Canadian Dollar 1.0571 + 0.0062 1.0501 1.0604 Neutral  USDCHF – US Dollar / Swiss Franc 1.0011 − 0.0007 1.0005 1.0051 Neutral  USDJPY – US Dollar / Japanese Yen 88.257 + 0.881 87.323 86.828 Bullish    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9765 + 0.0048 0.9708 0.9666 Bullish  AUDCHF – Aust Dollar / Swiss Franc 0.9247 − 0.0016 0.9248 0.9165 Neutral  AUDJPY – Aust Dollar / Japanese Yen 81.523 + 0.739 80.643 79.129 Bullish  AUDNZD – Aust Dollar / New Zealand $ 1.2796 − 0.0002 1.2771 1.2713 Bullish  CADCHF – Canadian Dollar / Swiss Franc 0.9467 − 0.0064 0.9524 0.9484 Bearish  CADJPY – Canadian Dollar / Japanese Yen 83.461 + 0.336 83.103 81.950 Bullish  CHFJPY – Swiss Franc / Japanese Yen 88.148 + 0.961 87.191 86.205 Bullish  EURAUD – Euro / Australian Dollar 1.6293 + 0.0027 1.6295 1.6433 Bearish  EURCAD – Euro / Canadian Dollar 1.5914 + 0.0105 1.5821 1.5890 Bullish  EURCHF – Euro / Swiss Franc 1.5071 − 0.0002 1.5076 1.5070 Neutral  EURDKK – Euro / Danish Krone 7.4411 − 0.0007 7.4418 7.4419 Bearish  EURGBP – Euro / British Pound 0.9100 + 0.0055 0.9080 0.9065 Bullish  EURJPY – Euro / Japanese Yen 132.868 + 1.427 131.466 130.022 Bullish  EURNOK – Euro / Norwegian Krone 8.4568 + 0.0112 8.4597 8.4681 Bearish  EURNZD – Euro / New Zealand Dollar 2.0854 + 0.0029 2.0809 2.0875 Neutral  EURSEK – Euro / Swedish Krona 10.3482 + 0.0044 10.3722 10.4122 Bearish  GBPAUD – British Pound / Aust Dollar 1.7899 − 0.0078 1.7940 1.8114 Bearish  GBPCAD – British Pound / Canadian $ 1.7483 + 0.0008 1.7420 1.7509 Neutral  GBPCHF – British Pound / Swiss Franc 1.6556 − 0.0102 1.6597 1.6620 Bearish  GBPJPY – British Pound / Japanese Yen 145.970 + 0.696 144.766 143.354 Bullish  GBPNZD – British Pound / New Zealand $ 2.2912 − 0.0105 2.2908 2.3012 Neutral  NZDCAD – New Zealand $ / Canadian $ 0.7626 + 0.0040 0.7597 0.7594 Bullish  NZDCHF – New Zealand $ / Swiss Franc 0.7222 − 0.0008 0.7240 0.7218 Neutral  NZDJPY – New Zealand $ / Japanese Yen 63.663 + 0.600 63.142 62.251 Bullish  NZDUSD – New Zealand $ / US Dollar 0.7213 − 0.0005 0.7236 0.7164 Neutral  SGDJPY – Singapore Dollar/Japanese Yen 63.845 + 0.560 63.199 62.565 Bullish  USDDKK – US Dollar / Danish Krone 4.9421 − 0.0041 4.9392 4.9658 Neutral  USDHKD – US Dollar / Hong Kong Dollar 7.7500 − 0.0001 7.7500 7.7501 Bearish  USDNOK – US Dollar / Norwegian Krone 5.6162 + 0.0036 5.6133 5.6649 Neutral  USDSEK – US Dollar / Swedish Krona 6.8733 − 0.0023 6.8830 6.9614 Bearish  USDSGD – US Dollar / Singapore Dollar 1.3815 + 0.0014 1.3807 1.3864 Neutral

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.