The Trend Trader For Forex Trading on Friday, October 23, 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, October 23, 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 0.9267 − 0.0024 0.9254 0.9138 Bullish  EURUSD – Euro / US Dollar 1.5033 + 0.0018 1.4976 1.4849 Bullish  GBPUSD – British Pound / US Dollar 1.6620 + 0.0013 1.6503 1.6153 Bullish  USDCAD – US Dollar / Canadian Dollar 1.0474 + 0.0048 1.0456 1.0343 Bullish  USDCHF – US Dollar / Swiss Franc 1.0044 − 0.0014 1.0091 1.0217 Bearish  USDJPY – US Dollar / Japanese Yen 91.285 + 0.318 90.932 90.343 Bullish    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9705 + 0.0018 0.9674 0.9462 Bullish  AUDCHF – Aust Dollar / Swiss Franc 0.9307 − 0.0037 0.9336 0.9325 Bearish  AUDJPY – Aust Dollar / Japanese Yen 84.588 + 0.080 84.175 82.798 Bullish  AUDNZD – Aust Dollar / New Zealand $ 1.2226 + 0.0018 1.2267 1.2349 Bearish  CADCHF – Canadian Dollar / Swiss Franc 0.9586 − 0.0057 0.9645 0.9854 Bearish  CADJPY – Canadian Dollar / Japanese Yen 87.119 − 0.081 86.996 87.209 Neutral  CHFJPY – Swiss Franc / Japanese Yen 90.846 + 0.440 90.115 88.572 Bullish  EURAUD – Euro / Australian Dollar 1.6216 + 0.0059 1.6178 1.6262 Neutral  EURCAD – Euro / Canadian Dollar 1.5742 + 0.0088 1.5659 1.5396 Bullish  EURCHF – Euro / Swiss Franc 1.5099 − 0.0005 1.5113 1.5168 Bearish  EURDKK – Euro / Danish Krone 7.4434 − 0.0000 7.4435 7.4437 Bearish  EURGBP – Euro / British Pound 0.9043 + 0.0003 0.9070 0.9205 Bearish  EURJPY – Euro / Japanese Yen 137.222 + 0.636 136.220 134.450 Bullish  EURNOK – Euro / Norwegian Krone 8.3073 − 0.0342 8.3372 8.3334 Bearish  EURNZD – Euro / New Zealand Dollar 1.9833 + 0.0094 1.9848 2.0102 Bearish  EURSEK – Euro / Swedish Krona 10.2061 − 0.0737 10.3132 10.3610 Bearish  GBPAUD – British Pound / Aust Dollar 1.7929 + 0.0060 1.7841 1.7681 Bullish  GBPCAD – British Pound / Canadian $ 1.7406 + 0.0093 1.7271 1.6738 Bullish  GBPCHF – British Pound / Swiss Franc 1.6692 − 0.0012 1.6661 1.6484 Bullish  GBPJPY – British Pound / Japanese Yen 151.706 + 0.649 150.092 146.366 Bullish  GBPNZD – British Pound / New Zealand $ 2.1929 + 0.0099 2.1887 2.1835 Bullish  NZDCAD – New Zealand $ / Canadian $ 0.7932 + 0.0011 0.7880 0.7652 Bullish  NZDCHF – New Zealand $ / Swiss Franc 0.7607 − 0.0035 0.7607 0.7537 Bullish  NZDJPY – New Zealand $ / Japanese Yen 69.133 + 0.015 68.592 66.919 Bullish  NZDUSD – New Zealand $ / US Dollar 0.7573 − 0.0029 0.7542 0.7382 Bullish  SGDJPY – Singapore Dollar/Japanese Yen 65.540 + 0.135 65.273 64.862 Bullish  USDDKK – US Dollar / Danish Krone 4.9512 − 0.0052 4.9698 5.0128 Bearish  USDHKD – US Dollar / Hong Kong Dollar 7.7498 − 0.0001 7.7499 7.7499 Bearish  USDNOK – US Dollar / Norwegian Krone 5.5262 − 0.0281 5.5649 5.5949 Bearish  USDSEK – US Dollar / Swedish Krona 6.7890 − 0.0568 6.8864 6.9610 Bearish  USDSGD – US Dollar / Singapore Dollar 1.3918 + 0.0016 1.3928 1.3931 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.