The Trend Trader For Forex Trading on Thursday, December 17, 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 Thursday, December 17, 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 0.9006 − 0.0055 0.9077 0.9111 Bearish  EURUSD – Euro / US Dollar 1.4530 − 0.0007 1.4585 1.4702 Bearish  GBPUSD – British Pound / US Dollar 1.6333 + 0.0068 1.6287 1.6312 Bullish  USDCAD – US Dollar / Canadian Dollar 1.0611 + 0.0001 1.0605 1.0582 Bullish  USDCHF – US Dollar / Swiss Franc 1.0383 − 0.0020 1.0363 1.0282 Bullish  USDJPY – US Dollar / Japanese Yen 89.772 + 0.160 89.276 88.922 Bullish    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9556 − 0.0057 0.9624 0.9633 Bearish  AUDCHF – Aust Dollar / Swiss Franc 0.9351 − 0.0075 0.9408 0.9386 Bearish  AUDJPY – Aust Dollar / Japanese Yen 80.841 − 0.352 80.936 81.072 Bearish  AUDNZD – Aust Dollar / New Zealand $ 1.2489 − 0.0061 1.2545 1.2638 Bearish  CADCHF – Canadian Dollar / Swiss Franc 0.9782 − 0.0020 0.9770 0.9728 Bullish  CADJPY – Canadian Dollar / Japanese Yen 84.570 + 0.149 84.139 83.928 Bullish  CHFJPY – Swiss Franc / Japanese Yen 86.434 + 0.306 86.073 86.762 Neutral  EURAUD – Euro / Australian Dollar 1.6128 + 0.0089 1.6063 1.6106 Bullish  EURCAD – Euro / Canadian Dollar 1.5418 − 0.0004 1.5467 1.5537 Bearish  EURCHF – Euro / Swiss Franc 1.5088 − 0.0034 1.5116 1.5116 Bearish  EURDKK – Euro / Danish Krone 7.4415 + 0.0002 7.4415 7.4417 Neutral  EURGBP – Euro / British Pound 0.8894 − 0.0041 0.8956 0.9021 Bearish  EURJPY – Euro / Japanese Yen 130.441 + 0.163 130.147 131.103 Neutral  EURNOK – Euro / Norwegian Krone 8.3703 − 0.0909 8.4427 8.4633 Bearish  EURNZD – Euro / New Zealand Dollar 2.0157 + 0.0020 2.0163 2.0372 Bearish  EURSEK – Euro / Swedish Krona 10.4468 − 0.0147 10.4331 10.4274 Bullish  GBPAUD – British Pound / Aust Dollar 1.8130 + 0.0184 1.7941 1.7855 Bullish  GBPCAD – British Pound / Canadian $ 1.7331 + 0.0074 1.7267 1.7233 Bullish  GBPCHF – British Pound / Swiss Franc 1.6958 + 0.0039 1.6873 1.6753 Bullish  GBPJPY – British Pound / Japanese Yen 146.624 + 0.874 145.294 145.191 Bullish  GBPNZD – British Pound / New Zealand $ 2.2657 + 0.0126 2.2511 2.2561 Bullish  NZDCAD – New Zealand $ / Canadian $ 0.7640 − 0.0014 0.7661 0.7619 Neutral  NZDCHF – New Zealand $ / Swiss Franc 0.7476 − 0.0029 0.7492 0.7416 Neutral  NZDJPY – New Zealand $ / Japanese Yen 64.643 − 0.005 64.463 63.860 Bullish  NZDUSD – New Zealand $ / US Dollar 0.7200 − 0.0015 0.7227 0.7203 Bearish  SGDJPY – Singapore Dollar/Japanese Yen 64.235 + 0.040 64.030 63.925 Bullish  USDDKK – US Dollar / Danish Krone 5.1208 + 0.0026 5.1017 5.0616 Bullish  USDHKD – US Dollar / Hong Kong Dollar 7.7527 − 0.0002 7.7523 7.7504 Bullish  USDNOK – US Dollar / Norwegian Krone 5.7597 − 0.0597 5.7863 5.7427 Neutral  USDSEK – US Dollar / Swedish Krona 7.1902 − 0.0061 7.1521 7.0760 Bullish  USDSGD – US Dollar / Singapore Dollar 1.3971 + 0.0017 1.3937 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.