The Trend Trader For Forex Trading on Monday, December 7, 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 7, 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 0.9145 − 0.0093 0.9234 0.9187 Bearish  EURUSD – Euro / US Dollar 1.4855 − 0.0200 1.5021 1.4939 Bearish  GBPUSD – British Pound / US Dollar 1.6472 − 0.0068 1.6581 1.6524 Bearish  USDCAD – US Dollar / Canadian Dollar 1.0577 + 0.0007 1.0519 1.0532 Bullish  USDCHF – US Dollar / Swiss Franc 1.0160 + 0.0149 1.0037 1.0103 Bullish  USDJPY – US Dollar / Japanese Yen 90.524 + 2.267 88.314 89.051 Bullish    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9673 − 0.0093 0.9717 0.9690 Bearish  AUDCHF – Aust Dollar / Swiss Franc 0.9290 + 0.0043 0.9266 0.9246 Bullish  AUDJPY – Aust Dollar / Japanese Yen 82.769 + 1.246 81.470 81.417 Bullish  AUDNZD – Aust Dollar / New Zealand $ 1.2752 − 0.0044 1.2781 1.2751 Neutral  CADCHF – Canadian Dollar / Swiss Franc 0.9599 + 0.0132 0.9532 0.9570 Bullish  CADJPY – Canadian Dollar / Japanese Yen 85.545 + 2.084 83.862 84.188 Bullish  CHFJPY – Swiss Franc / Japanese Yen 89.072 + 0.924 87.935 87.919 Bullish  EURAUD – Euro / Australian Dollar 1.6236 − 0.0057 1.6262 1.6300 Bearish  EURCAD – Euro / Canadian Dollar 1.5713 − 0.0201 1.5809 1.5755 Bearish  EURCHF – Euro / Swiss Franc 1.5094 + 0.0023 1.5078 1.5085 Bullish  EURDKK – Euro / Danish Krone 7.4410 − 0.0001 7.4416 7.4415 Bearish  EURGBP – Euro / British Pound 0.9017 − 0.0083 0.9061 0.9053 Bearish  EURJPY – Euro / Japanese Yen 134.482 + 1.614 132.604 132.668 Bullish  EURNOK – Euro / Norwegian Krone 8.4457 − 0.0111 8.4506 8.4633 Bearish  EURNZD – Euro / New Zealand Dollar 2.0724 − 0.0130 2.0792 2.0822 Bearish  EURSEK – Euro / Swedish Krona 10.3805 + 0.0322 10.3462 10.3847 Neutral  GBPAUD – British Pound / Aust Dollar 1.8005 + 0.0105 1.7952 1.7988 Bullish  GBPCAD – British Pound / Canadian $ 1.7425 − 0.0058 1.7454 1.7417 Neutral  GBPCHF – British Pound / Swiss Franc 1.6733 + 0.0177 1.6634 1.6658 Bullish  GBPJPY – British Pound / Japanese Yen 149.118 + 3.148 146.285 146.433 Bullish  GBPNZD – British Pound / New Zealand $ 2.2980 + 0.0069 2.2950 2.2947 Bullish  NZDCAD – New Zealand $ / Canadian $ 0.7579 − 0.0047 0.7597 0.7582 Bearish  NZDCHF – New Zealand $ / Swiss Franc 0.7278 + 0.0057 0.7246 0.7239 Bullish  NZDJPY – New Zealand $ / Japanese Yen 64.869 + 1.206 63.724 63.709 Bullish  NZDUSD – New Zealand $ / US Dollar 0.7163 − 0.0050 0.7223 0.7194 Bearish  SGDJPY – Singapore Dollar/Japanese Yen 65.155 + 1.310 63.844 64.185 Bullish  USDDKK – US Dollar / Danish Krone 5.0085 + 0.0664 4.9538 4.9810 Bullish  USDHKD – US Dollar / Hong Kong Dollar 7.7501 + 0.0002 7.7500 7.7502 Neutral  USDNOK – US Dollar / Norwegian Krone 5.6839 + 0.0677 5.6231 5.6506 Bullish  USDSEK – US Dollar / Swedish Krona 6.9874 + 0.1141 6.8894 6.9301 Bullish  USDSGD – US Dollar / Singapore Dollar 1.3886 + 0.0071 1.3823 1.3855 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.