The Trend Trader For Forex Trading on Monday, January 11, 2010

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, January 11, 2010 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 0.9245 + 0.0071 0.9192 0.9149 Bullish  EURUSD – Euro / US Dollar 1.4409 + 0.0103 1.4365 1.4383 Bullish  GBPUSD – British Pound / US Dollar 1.6021 + 0.0089 1.5994 1.6052 Neutral  USDCAD – US Dollar / Canadian Dollar 1.0295 − 0.0048 1.0336 1.0368 Bearish  USDCHF – US Dollar / Swiss Franc 1.0236 − 0.0104 1.0299 1.0291 Bearish  USDJPY – US Dollar / Japanese Yen 92.645 − 0.687 92.675 92.551 Neutral    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9519 + 0.0030 0.9494 0.9476 Bullish  AUDCHF – Aust Dollar / Swiss Franc 0.9464 − 0.0021 0.9462 0.9421 Bullish  AUDJPY – Aust Dollar / Japanese Yen 85.643 + 0.035 85.060 84.899 Bullish  AUDNZD – Aust Dollar / New Zealand $ 1.2539 + 0.0010 1.2496 1.2495 Bullish  CADCHF – Canadian Dollar / Swiss Franc 0.9938 − 0.0055 0.9969 0.9946 Bearish  CADJPY – Canadian Dollar / Japanese Yen 89.955 − 0.245 89.585 89.493 Bullish  CHFJPY – Swiss Franc / Japanese Yen 90.477 + 0.234 89.861 89.839 Bullish  EURAUD – Euro / Australian Dollar 1.5579 − 0.0012 1.5637 1.5699 Bearish  EURCAD – Euro / Canadian Dollar 1.4834 + 0.0037 1.4841 1.4870 Bearish  EURCHF – Euro / Swiss Franc 1.4752 − 0.0043 1.4797 1.4794 Bearish  EURDKK – Euro / Danish Krone 7.4405 + 0.0001 7.4408 7.4408 Bearish  EURGBP – Euro / British Pound 0.8991 + 0.0013 0.8981 0.8958 Bullish  EURJPY – Euro / Japanese Yen 133.500 − 0.036 133.043 132.957 Bullish  EURNOK – Euro / Norwegian Krone 8.1585 − 0.0136 8.1745 8.2034 Bearish  EURNZD – Euro / New Zealand Dollar 1.9547 + 0.0009 1.9541 1.9609 Neutral  EURSEK – Euro / Swedish Krona 10.1928 − 0.0053 10.2047 10.1956 Bearish  GBPAUD – British Pound / Aust Dollar 1.7323 − 0.0041 1.7402 1.7544 Bearish  GBPCAD – British Pound / Canadian $ 1.6496 + 0.0016 1.6526 1.6613 Bearish  GBPCHF – British Pound / Swiss Franc 1.6400 − 0.0074 1.6474 1.6516 Bearish  GBPJPY – British Pound / Japanese Yen 148.423 − 0.274 148.079 148.373 Bullish  GBPNZD – British Pound / New Zealand $ 2.1732 − 0.0024 2.1753 2.1897 Bearish  NZDCAD – New Zealand $ / Canadian $ 0.7579 + 0.0010 0.7591 0.7587 Bearish  NZDCHF – New Zealand $ / Swiss Franc 0.7536 − 0.0030 0.7568 0.7537 Bearish  NZDJPY – New Zealand $ / Japanese Yen 68.207 − 0.081 68.023 67.869 Bullish  NZDUSD – New Zealand $ / US Dollar 0.7363 + 0.0045 0.7349 0.7328 Bullish  SGDJPY – Singapore Dollar/Japanese Yen 66.425 − 0.310 66.336 66.298 Bullish  USDDKK – US Dollar / Danish Krone 5.1626 − 0.0374 5.1792 5.1730 Bearish  USDHKD – US Dollar / Hong Kong Dollar 7.7557 + 0.0003 7.7552 7.7558 Neutral  USDNOK – US Dollar / Norwegian Krone 5.6601 − 0.0506 5.6893 5.7049 Bearish  USDSEK – US Dollar / Swedish Krona 7.0718 − 0.0559 7.1034 7.0881 Bearish  USDSGD – US Dollar / Singapore Dollar 1.3945 − 0.0035 1.3958 1.3976 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 © 2010 by Bob Hunt. No part of these resources may be reproduced, stored or transmitted without the prior written permission of the copyright holder.