The Trend Trader For Forex Trading on Friday, November 20, 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, November 20, 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 0.9184 − 0.0112 0.9270 0.9297 Bearish  GBPUSD – British Pound / US Dollar 1.6666 − 0.0081 1.6751 1.6678 Bearish  USDCAD – US Dollar / Canadian Dollar 1.0635 + 0.0088 1.0560 1.0560 Bullish  USDCHF – US Dollar / Swiss Franc 1.0127 + 0.0031 1.0132 1.0118 Neutral  USDJPY – US Dollar / Japanese Yen 88.959 − 0.342 89.148 89.846 Bearish    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9769 − 0.0035 0.9781 0.9810 Bearish  AUDCHF – Aust Dollar / Swiss Franc 0.9303 − 0.0084 0.9390 0.9412 Bearish  AUDJPY – Aust Dollar / Japanese Yen 81.699 − 1.309 82.648 83.451 Bearish  AUDNZD – Aust Dollar / New Zealand $ 1.2559 + 0.0109 1.2491 1.2555 Bullish  CADCHF – Canadian Dollar / Swiss Franc 0.9521 − 0.0051 0.9594 0.9587 Bearish  CADJPY – Canadian Dollar / Japanese Yen 83.625 − 1.030 84.441 85.025 Bearish  CHFJPY – Swiss Franc / Japanese Yen 87.811 − 0.607 88.013 88.702 Bearish  EURAUD – Euro / Australian Dollar 1.6247 + 0.0155 1.6092 1.6036 Bullish  EURCAD – Euro / Canadian Dollar 1.5874 + 0.0094 1.5752 1.5750 Bullish  EURCHF – Euro / Swiss Franc 1.5117 + 0.0009 1.5112 1.5101 Bullish  EURDKK – Euro / Danish Krone 7.4411 + 0.0007 7.4407 7.4417 Neutral  EURGBP – Euro / British Pound 0.8955 + 0.0021 0.8903 0.8966 Neutral  EURJPY – Euro / Japanese Yen 132.781 − 0.870 133.035 133.941 Bearish  EURNOK – Euro / Norwegian Krone 8.4073 + 0.0446 8.3654 8.3902 Bullish  EURNZD – Euro / New Zealand Dollar 2.0410 + 0.0366 2.0097 2.0132 Bullish  EURSEK – Euro / Swedish Krona 10.2804 + 0.0609 10.2299 10.2484 Bullish  GBPAUD – British Pound / Aust Dollar 1.8140 + 0.0129 1.8068 1.7903 Bullish  GBPCAD – British Pound / Canadian $ 1.7724 + 0.0063 1.7682 1.7565 Bullish  GBPCHF – British Pound / Swiss Franc 1.6879 − 0.0031 1.6972 1.6838 Neutral  GBPJPY – British Pound / Japanese Yen 148.250 − 1.300 149.344 149.778 Bearish  GBPNZD – British Pound / New Zealand $ 2.2788 + 0.0354 2.2567 2.2525 Bullish  NZDCAD – New Zealand $ / Canadian $ 0.7773 − 0.0093 0.7829 0.7800 Bearish  NZDCHF – New Zealand $ / Swiss Franc 0.7403 − 0.0129 0.7515 0.7491 Bearish  NZDJPY – New Zealand $ / Japanese Yen 65.013 − 1.580 66.158 66.430 Bearish  NZDUSD – New Zealand $ / US Dollar 0.7310 − 0.0148 0.7421 0.7399 Bearish  SGDJPY – Singapore Dollar/Japanese Yen 64.067 − 0.473 64.323 64.750 Bearish  USDDKK – US Dollar / Danish Krone 4.9845 + 0.0126 4.9885 4.9853 Bearish  USDHKD – US Dollar / Hong Kong Dollar 7.7500    0.0000 7.7499 7.7498 Bullish  USDNOK – US Dollar / Norwegian Krone 5.6304 + 0.0416 5.6052 5.6175 Bullish  USDSEK – US Dollar / Swedish Krona 6.8870 + 0.0578 6.8589 6.8691 Bullish  USDSGD – US Dollar / Singapore Dollar 1.3879 + 0.0049 1.3854 1.3872 Bullish

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.