The Trend Trader For Forex Trading on Friday, January 8, 2010

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, January 8, 2010 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 0.9174 − 0.0023 0.9166 0.8936 Bullish  EURUSD – Euro / US Dollar 1.4307 − 0.0102 1.4374 1.4351 Bearish  GBPUSD – British Pound / US Dollar 1.5932 − 0.0086 1.6001 1.6077 Bearish  USDCAD – US Dollar / Canadian Dollar 1.0343 + 0.0022 1.0354 1.0490 Bearish  USDCHF – US Dollar / Swiss Franc 1.0340 + 0.0065 1.0311 1.0351 Neutral  USDJPY – US Dollar / Japanese Yen 93.332 + 1.023 92.319 92.513 Bullish    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9490 − 0.0004 0.9490 0.9383 Neutral  AUDCHF – Aust Dollar / Swiss Franc 0.9485 + 0.0036 0.9444 0.9251 Bullish  AUDJPY – Aust Dollar / Japanese Yen 85.608 + 0.715 84.546 82.668 Bullish  AUDNZD – Aust Dollar / New Zealand $ 1.2528 + 0.0069 1.2459 1.2421 Bullish  CADCHF – Canadian Dollar / Swiss Franc 0.9992 + 0.0041 0.9956 0.9859 Bullish  CADJPY – Canadian Dollar / Japanese Yen 90.200 + 0.800 89.085 88.138 Bullish  CHFJPY – Swiss Franc / Japanese Yen 90.243 + 0.423 89.487 89.331 Bullish  EURAUD – Euro / Australian Dollar 1.5591 − 0.0072 1.5695 1.6052 Bearish  EURCAD – Euro / Canadian Dollar 1.4797 − 0.0076 1.4886 1.5060 Bearish  EURCHF – Euro / Swiss Franc 1.4794 − 0.0011 1.4823 1.4856 Bearish  EURDKK – Euro / Danish Krone 7.4404 − 0.0002 7.4410 7.4421 Bearish  EURGBP – Euro / British Pound 0.8979 − 0.0015 0.8984 0.8922 Neutral  EURJPY – Euro / Japanese Yen 133.536 + 0.526 132.659 132.729 Bullish  EURNOK – Euro / Norwegian Krone 8.1720 + 0.0118 8.1909 8.3110 Bearish  EURNZD – Euro / New Zealand Dollar 1.9537 + 0.0012 1.9556 1.9929 Bearish  EURSEK – Euro / Swedish Krona 10.1980 + 0.0087 10.2011 10.3149 Bearish  GBPAUD – British Pound / Aust Dollar 1.7364 − 0.0050 1.7460 1.7935 Bearish  GBPCAD – British Pound / Canadian $ 1.6480 − 0.0055 1.6567 1.6870 Bearish  GBPCHF – British Pound / Swiss Franc 1.6474 + 0.0016 1.6497 1.6642 Bearish  GBPJPY – British Pound / Japanese Yen 148.697 + 0.831 147.631 148.940 Neutral  GBPNZD – British Pound / New Zealand $ 2.1755 + 0.0051 2.1762 2.2311 Bearish  NZDCAD – New Zealand $ / Canadian $ 0.7569 − 0.0044 0.7610 0.7546 Neutral  NZDCHF – New Zealand $ / Swiss Franc 0.7566 − 0.0013 0.7576 0.7436 Neutral  NZDJPY – New Zealand $ / Japanese Yen 68.288 + 0.200 67.809 66.507 Bullish  NZDUSD – New Zealand $ / US Dollar 0.7318 − 0.0059 0.7352 0.7190 Neutral  SGDJPY – Singapore Dollar/Japanese Yen 66.735 + 0.590 66.096 65.792 Bullish  USDDKK – US Dollar / Danish Krone 5.2000 + 0.0368 5.1761 5.1845 Bullish  USDHKD – US Dollar / Hong Kong Dollar 7.7554 + 0.0013 7.7553 7.7548 Bullish  USDNOK – US Dollar / Norwegian Krone 5.7107 + 0.0484 5.6971 5.7852 Neutral  USDSEK – US Dollar / Swedish Krona 7.1277 + 0.0575 7.0957 7.1777 Neutral  USDSGD – US Dollar / Singapore Dollar 1.3980 + 0.0028 1.3959 1.4041 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 © 2010 by Bob Hunt. No part of these resources may be reproduced, stored or transmitted without the prior written permission of the copyright holder.