The Trend Trader For Forex Trading on Monday, December 14, 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 Monday, December 14, 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 0.9125 − 0.0045 0.9118 0.9111 Bullish  EURUSD – Euro / US Dollar 1.4616 − 0.0113 1.4703 1.4702 Bearish  GBPUSD – British Pound / US Dollar 1.6256 − 0.0015 1.6269 1.6312 Bearish  USDCAD – US Dollar / Canadian Dollar 1.0597 + 0.0092 1.0554 1.0582 Bullish  USDCHF – US Dollar / Swiss Franc 1.0344 + 0.0082 1.0281 1.0282 Bullish  USDJPY – US Dollar / Japanese Yen 89.048 + 0.840 88.368 88.922 Bullish    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9671 + 0.0039 0.9625 0.9633 Bullish  AUDCHF – Aust Dollar / Swiss Franc 0.9439 + 0.0029 0.9373 0.9386 Bullish  AUDJPY – Aust Dollar / Japanese Yen 81.245 + 0.356 80.559 81.072 Bullish  AUDNZD – Aust Dollar / New Zealand $ 1.2570 − 0.0020 1.2619 1.2638 Bearish  CADCHF – Canadian Dollar / Swiss Franc 0.9754 − 0.0012 0.9742 0.9728 Bullish  CADJPY – Canadian Dollar / Japanese Yen 83.975 + 0.025 83.691 83.928 Bullish  CHFJPY – Swiss Franc / Japanese Yen 86.070 + 0.112 85.966 86.762 Neutral  EURAUD – Euro / Australian Dollar 1.6012 − 0.0046 1.6124 1.6106 Bearish  EURCAD – Euro / Canadian Dollar 1.5490 + 0.0017 1.5512 1.5537 Bearish  EURCHF – Euro / Swiss Franc 1.5120 + 0.0006 1.5116 1.5116 Bullish  EURDKK – Euro / Danish Krone 7.4418 + 0.0001 7.4416 7.4417 Bullish  EURGBP – Euro / British Pound 0.8988 − 0.0062 0.9036 0.9021 Bearish  EURJPY – Euro / Japanese Yen 130.185 + 0.254 129.959 131.103 Neutral  EURNOK – Euro / Norwegian Krone 8.4337 − 0.0335 8.4655 8.4633 Bearish  EURNZD – Euro / New Zealand Dollar 2.0142 − 0.0083 2.0353 2.0372 Bearish  EURSEK – Euro / Swedish Krona 10.4101 − 0.0327 10.4455 10.4274 Bearish  GBPAUD – British Pound / Aust Dollar 1.7808 + 0.0069 1.7833 1.7855 Bearish  GBPCAD – British Pound / Canadian $ 1.7228 + 0.0135 1.7169 1.7233 Neutral  GBPCHF – British Pound / Swiss Franc 1.6814 + 0.0116 1.6726 1.6753 Bullish  GBPJPY – British Pound / Japanese Yen 144.770 + 1.242 143.729 145.191 Neutral  GBPNZD – British Pound / New Zealand $ 2.2402 + 0.0060 2.2509 2.2561 Bearish  NZDCAD – New Zealand $ / Canadian $ 0.7680 + 0.0033 0.7619 0.7619 Bullish  NZDCHF – New Zealand $ / Swiss Franc 0.7495 + 0.0026 0.7423 0.7416 Bullish  NZDJPY – New Zealand $ / Japanese Yen 64.540 + 0.327 63.789 63.860 Bullish  NZDUSD – New Zealand $ / US Dollar 0.7248 − 0.0031 0.7220 0.7203 Bullish  SGDJPY – Singapore Dollar/Japanese Yen 63.975 + 0.490 63.507 63.925 Bullish  USDDKK – US Dollar / Danish Krone 5.0905 + 0.0387 5.0608 5.0616 Bullish  USDHKD – US Dollar / Hong Kong Dollar 7.7504 − 0.0003 7.7505 7.7504 Bearish  USDNOK – US Dollar / Norwegian Krone 5.7684 + 0.0397 5.7535 5.7427 Bullish  USDSEK – US Dollar / Swedish Krona 7.1210 + 0.0322 7.1044 7.0760 Bullish  USDSGD – US Dollar / Singapore Dollar 1.3912 + 0.0023 1.3907 1.3908 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.