The Trend Trader For Forex Trading on Friday, October 30, 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 30, 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 0.9150 + 0.0179 0.9101 0.9222 Neutral  EURUSD – Euro / US Dollar 1.4822 + 0.0118 1.4789 1.4965 Neutral  GBPUSD – British Pound / US Dollar 1.6547 + 0.0174 1.6411 1.6412 Bullish  USDCAD – US Dollar / Canadian Dollar 1.0661 − 0.0148 1.0709 1.0460 Neutral  USDCHF – US Dollar / Swiss Franc 1.0188 − 0.0081 1.0222 1.0115 Neutral  USDJPY – US Dollar / Japanese Yen 91.411 + 0.701 91.351 91.413 Neutral    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9753 + 0.0057 0.9744 0.9650 Bullish  AUDCHF – Aust Dollar / Swiss Franc 0.9321 + 0.0109 0.9302 0.9329 Neutral  AUDJPY – Aust Dollar / Japanese Yen 83.614 + 2.256 83.119 84.332 Neutral  AUDNZD – Aust Dollar / New Zealand $ 1.2477 + 0.0045 1.2383 1.2269 Bullish  CADCHF – Canadian Dollar / Swiss Franc 0.9554 + 0.0056 0.9545 0.9656 Neutral  CADJPY – Canadian Dollar / Japanese Yen 85.705 + 1.820 85.291 87.176 Neutral  CHFJPY – Swiss Franc / Japanese Yen 89.687 + 1.384 89.340 90.491 Neutral  EURAUD – Euro / Australian Dollar 1.6199 − 0.0189 1.6247 1.6213 Bearish  EURCAD – Euro / Canadian Dollar 1.5803 − 0.0092 1.5833 1.5669 Neutral  EURCHF – Euro / Swiss Franc 1.5105 + 0.0003 1.5117 1.5136 Bearish  EURDKK – Euro / Danish Krone 7.4428 + 0.0001 7.4430 7.4436 Bearish  EURGBP – Euro / British Pound 0.8958 − 0.0022 0.9007 0.9138 Bearish  EURJPY – Euro / Japanese Yen 135.504 + 2.120 135.091 137.080 Neutral  EURNOK – Euro / Norwegian Krone 8.3718 − 0.0730 8.3961 8.3469 Neutral  EURNZD – Euro / New Zealand Dollar 2.0217 − 0.0169 2.0137 1.9920 Bullish  EURSEK – Euro / Swedish Krona 10.3363 − 0.0476 10.3353 10.2510 Bullish  GBPAUD – British Pound / Aust Dollar 1.8082 − 0.0166 1.8027 1.7767 Bullish  GBPCAD – British Pound / Canadian $ 1.7639 − 0.0059 1.7583 1.7178 Bullish  GBPCHF – British Pound / Swiss Franc 1.6858 + 0.0044 1.6778 1.6550 Bullish  GBPJPY – British Pound / Japanese Yen 151.235 + 2.725 149.887 150.123 Bullish  GBPNZD – British Pound / New Zealand $ 2.2567 − 0.0131 2.2339 2.1756 Bullish  NZDCAD – New Zealand $ / Canadian $ 0.7810 + 0.0019 0.7861 0.7851 Bearish  NZDCHF – New Zealand $ / Swiss Franc 0.7464 + 0.0062 0.7503 0.7591 Bearish  NZDJPY – New Zealand $ / Japanese Yen 66.948 + 1.585 67.061 68.703 Bearish  NZDUSD – New Zealand $ / US Dollar 0.7326 + 0.0117 0.7343 0.7513 Bearish  SGDJPY – Singapore Dollar/Japanese Yen 65.385 + 0.790 65.235 65.608 Neutral  USDDKK – US Dollar / Danish Krone 5.0198 − 0.0411 5.0324 4.9737 Neutral  USDHKD – US Dollar / Hong Kong Dollar 7.7499 − 0.0000 7.7499 7.7499 Bullish  USDNOK – US Dollar / Norwegian Krone 5.6473 − 0.0951 5.6760 5.5764 Neutral  USDSEK – US Dollar / Swedish Krona 6.9730 − 0.0884 6.9876 6.8457 Neutral  USDSGD – US Dollar / Singapore Dollar 1.3973 − 0.0062 1.3996 1.3937 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.