The Trend Trader For Forex Trading on Friday, November 6, 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 6, 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 0.9100 + 0.0000 0.9054 0.9069 Bullish  EURUSD – Euro / US Dollar 1.4873 + 0.0010 1.4803 1.4823 Bullish  GBPUSD – British Pound / US Dollar 1.6580 + 0.0024 1.6487 1.6432 Bullish  USDCAD – US Dollar / Canadian Dollar 1.0648 + 0.0022 1.0667 1.0729 Bearish  USDCHF – US Dollar / Swiss Franc 1.0160 + 0.0000 1.0204 1.0199 Bearish  USDJPY – US Dollar / Japanese Yen 90.723 − 0.028 90.494 90.779 Neutral    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9691 + 0.0020 0.9665 0.9748 Neutral  AUDCHF – Aust Dollar / Swiss Franc 0.9245 + 0.0001 0.9242 0.9269 Neutral  AUDJPY – Aust Dollar / Japanese Yen 82.553 − 0.030 81.908 82.311 Bullish  AUDNZD – Aust Dollar / New Zealand $ 1.2612 + 0.0050 1.2556 1.2414 Bullish  CADCHF – Canadian Dollar / Swiss Franc 0.9537 − 0.0020 0.9570 0.9513 Neutral  CADJPY – Canadian Dollar / Japanese Yen 85.165 − 0.210 84.796 84.564 Bullish  CHFJPY – Swiss Franc / Japanese Yen 89.287 − 0.008 88.641 88.989 Bullish  EURAUD – Euro / Australian Dollar 1.6340 + 0.0013 1.6339 1.6296 Bullish  EURCAD – Euro / Canadian Dollar 1.5838 + 0.0046 1.5781 1.5892 Neutral  EURCHF – Euro / Swiss Franc 1.5111 + 0.0012 1.5106 1.5116 Neutral  EURDKK – Euro / Danish Krone 7.4417 + 0.0002 7.4417 7.4427 Neutral  EURGBP – Euro / British Pound 0.8969 − 0.0007 0.8970 0.9034 Bearish  EURJPY – Euro / Japanese Yen 134.939 + 0.062 133.916 134.481 Bullish  EURNOK – Euro / Norwegian Krone 8.4406 + 0.0008 8.4734 8.4033 Neutral  EURNZD – Euro / New Zealand Dollar 2.0612 + 0.0092 2.0520 2.0295 Bullish  EURSEK – Euro / Swedish Krona 10.3916 − 0.0648 10.4515 10.3428 Neutral  GBPAUD – British Pound / Aust Dollar 1.8216 + 0.0029 1.8197 1.8054 Bullish  GBPCAD – British Pound / Canadian $ 1.7657 + 0.0065 1.7592 1.7601 Bullish  GBPCHF – British Pound / Swiss Franc 1.6845 + 0.0027 1.6836 1.6734 Bullish  GBPJPY – British Pound / Japanese Yen 150.432 + 0.208 149.132 149.168 Bullish  GBPNZD – British Pound / New Zealand $ 2.2978 + 0.0132 2.2859 2.2458 Bullish  NZDCAD – New Zealand $ / Canadian $ 0.7681 − 0.0013 0.7693 0.7843 Bearish  NZDCHF – New Zealand $ / Swiss Franc 0.7328 − 0.0026 0.7356 0.7444 Bearish  NZDJPY – New Zealand $ / Japanese Yen 65.423 − 0.265 65.207 66.175 Neutral  NZDUSD – New Zealand $ / US Dollar 0.7212 − 0.0028 0.7207 0.7299 Neutral  SGDJPY – Singapore Dollar/Japanese Yen 65.001 − 0.004 64.732 64.874 Bullish  USDDKK – US Dollar / Danish Krone 5.0029 − 0.0034 5.0266 5.0213 Bearish  USDHKD – US Dollar / Hong Kong Dollar 7.7500 + 0.0002 7.7498 7.7499 Bullish  USDNOK – US Dollar / Norwegian Krone 5.6744 − 0.0042 5.7257 5.6699 Neutral  USDSEK – US Dollar / Swedish Krona 6.9869 − 0.0485 7.0620 6.9809 Neutral  USDSGD – US Dollar / Singapore Dollar 1.3951 − 0.0001 1.3972 1.3993 Bearish

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.