The Trend Trader For Forex Trading on Monday, December 28, 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 28, 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 0.8825 + 0.0027 0.8795 0.8823 Bullish  EURUSD – Euro / US Dollar 1.4378 + 0.0040 1.4317 1.4337 Bullish  GBPUSD – British Pound / US Dollar 1.5963 + 0.0007 1.5974 1.6016 Bearish  USDCAD – US Dollar / Canadian Dollar 1.0493 + 0.0007 1.0525 1.0546 Bearish  USDCHF – US Dollar / Swiss Franc 1.0371 − 0.0017 1.0418 1.0398 Bearish  USDJPY – US Dollar / Japanese Yen 91.533 − 0.091 91.545 91.213 Neutral    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9262 + 0.0037 0.9258 0.9321 Neutral  AUDCHF – Aust Dollar / Swiss Franc 0.9156 + 0.0017 0.9167 0.9180 Bearish  AUDJPY – Aust Dollar / Japanese Yen 80.812 + 0.203 80.515 80.519 Bullish  AUDNZD – Aust Dollar / New Zealand $ 1.2494 + 0.0013 1.2498 1.2498 Bearish  CADCHF – Canadian Dollar / Swiss Franc 0.9877 − 0.0026 0.9896 0.9853 Neutral  CADJPY – Canadian Dollar / Japanese Yen 87.167 − 0.181 86.957 86.427 Bullish  CHFJPY – Swiss Franc / Japanese Yen 88.233 + 0.050 87.830 87.726 Bullish  EURAUD – Euro / Australian Dollar 1.6280 − 0.0011 1.6268 1.6219 Bullish  EURCAD – Euro / Canadian Dollar 1.5085 + 0.0052 1.5062 1.5122 Neutral  EURCHF – Euro / Swiss Franc 1.4915 + 0.0022 1.4922 1.4926 Bearish  EURDKK – Euro / Danish Krone 7.4434 − 0.0002 7.4429 7.4427 Bullish  EURGBP – Euro / British Pound 0.9003 + 0.0019 0.8959 0.8961 Bullish  EURJPY – Euro / Japanese Yen 131.577 + 0.203 131.064 130.881 Bullish  EURNOK – Euro / Norwegian Krone 8.3458 + 0.0064 8.3579 8.3592 Bearish  EURNZD – Euro / New Zealand Dollar 2.0346 + 0.0006 2.0341 2.0292 Bullish  EURSEK – Euro / Swedish Krona 10.4540 + 0.0367 10.4353 10.4334 Bullish  GBPAUD – British Pound / Aust Dollar 1.8071 − 0.0058 1.8158 1.8133 Bearish  GBPCAD – British Pound / Canadian $ 1.6747 + 0.0018 1.6813 1.6895 Bearish  GBPCHF – British Pound / Swiss Franc 1.6557 − 0.0016 1.6646 1.6648 Bearish  GBPJPY – British Pound / Japanese Yen 146.107 − 0.083 146.272 146.198 Bearish  GBPNZD – British Pound / New Zealand $ 2.2589 − 0.0044 2.2691 2.2673 Bearish  NZDCAD – New Zealand $ / Canadian $ 0.7400 + 0.0016 0.7401 0.7448 Bearish  NZDCHF – New Zealand $ / Swiss Franc 0.7318 + 0.0004 0.7329 0.7338 Bearish  NZDJPY – New Zealand $ / Japanese Yen 64.564 + 0.044 64.385 64.388 Bullish  NZDUSD – New Zealand $ / US Dollar 0.7056 + 0.0013 0.7033 0.7047 Bullish  SGDJPY – Singapore Dollar/Japanese Yen 65.040 − 0.025 65.043 64.875 Neutral  USDDKK – US Dollar / Danish Krone 5.1750 − 0.0159 5.1982 5.1907 Bearish  USDHKD – US Dollar / Hong Kong Dollar 7.7546 + 0.0010 7.7545 7.7546 Bullish  USDNOK – US Dollar / Norwegian Krone 5.8025 − 0.0155 5.8361 5.8252 Bearish  USDSEK – US Dollar / Swedish Krona 7.2757 + 0.0116 7.2892 7.2808 Bearish  USDSGD – US Dollar / Singapore Dollar 1.4064 − 0.0012 1.4072 1.4067 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.