The Trend Trader For Forex Trading on Thursday, December 24, 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 24, 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 0.8798 + 0.0040 0.8802 0.8960 Bearish  EURUSD – Euro / US Dollar 1.4338 + 0.0089 1.4294 1.4426 Neutral  GBPUSD – British Pound / US Dollar 1.5956 − 0.0007 1.6009 1.6207 Bearish  USDCAD – US Dollar / Canadian Dollar 1.0486 − 0.0087 1.0570 1.0652 Bearish  USDCHF – US Dollar / Swiss Franc 1.0387 − 0.0101 1.0445 1.0410 Bearish  USDJPY – US Dollar / Japanese Yen 91.624 − 0.199 91.346 89.888 Bullish    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9224 − 0.0036 0.9306 0.9550 Bearish  AUDCHF – Aust Dollar / Swiss Franc 0.9139 − 0.0047 0.9192 0.9314 Bearish  AUDJPY – Aust Dollar / Japanese Yen 80.609 + 0.226 80.338 80.187 Bullish  AUDNZD – Aust Dollar / New Zealand $ 1.2481 − 0.0031 1.2496 1.2516 Bearish  CADCHF – Canadian Dollar / Swiss Franc 0.9903 − 0.0014 0.9876 0.9762 Bullish  CADJPY – Canadian Dollar / Japanese Yen 87.348 + 0.528 86.366 84.279 Bullish  CHFJPY – Swiss Franc / Japanese Yen 88.183 + 0.653 87.399 86.296 Bullish  EURAUD – Euro / Australian Dollar 1.6291 + 0.0026 1.6231 1.6103 Bullish  EURCAD – Euro / Canadian Dollar 1.5033 − 0.0034 1.5105 1.5368 Bearish  EURCHF – Euro / Swiss Franc 1.4894 − 0.0052 1.4929 1.4999 Bearish  EURDKK – Euro / Danish Krone 7.4435 + 0.0018 7.4420 7.4413 Bullish  EURGBP – Euro / British Pound 0.8984 + 0.0060 0.8926 0.8921 Bullish  EURJPY – Euro / Japanese Yen 131.374 + 0.536 130.549 129.245 Bullish  EURNOK – Euro / Norwegian Krone 8.3394 − 0.0206 8.3684 8.4092 Bearish  EURNZD – Euro / New Zealand Dollar 2.0340 − 0.0020 2.0292 2.0165 Bullish  EURSEK – Euro / Swedish Krona 10.4172 − 0.0126 10.4267 10.4260 Bearish  GBPAUD – British Pound / Aust Dollar 1.8129 − 0.0091 1.8190 1.8075 Neutral  GBPCAD – British Pound / Canadian $ 1.6729 − 0.0147 1.6927 1.7249 Bearish  GBPCHF – British Pound / Swiss Franc 1.6573 − 0.0167 1.6725 1.6854 Bearish  GBPJPY – British Pound / Japanese Yen 146.190 − 0.370 146.263 145.404 Neutral  GBPNZD – British Pound / New Zealand $ 2.2634 − 0.0168 2.2728 2.2622 Neutral  NZDCAD – New Zealand $ / Canadian $ 0.7384 − 0.0009 0.7442 0.7618 Bearish  NZDCHF – New Zealand $ / Swiss Franc 0.7315 − 0.0019 0.7352 0.7435 Bearish  NZDJPY – New Zealand $ / Japanese Yen 64.520 + 0.317 64.288 64.041 Bullish  NZDUSD – New Zealand $ / US Dollar 0.7042 + 0.0050 0.7038 0.7157 Neutral  SGDJPY – Singapore Dollar/Japanese Yen 65.065 − 0.190 64.925 64.152 Bullish  USDDKK – US Dollar / Danish Krone 5.1909 − 0.0314 5.2060 5.1575 Neutral  USDHKD – US Dollar / Hong Kong Dollar 7.7537 − 0.0014 7.7546 7.7552 Bearish  USDNOK – US Dollar / Norwegian Krone 5.8180 − 0.0489 5.8539 5.8233 Bearish  USDSEK – US Dollar / Swedish Krona 7.2641 − 0.0553 7.2946 7.2204 Neutral  USDSGD – US Dollar / Singapore Dollar 1.4076 + 0.0009 1.4066 1.3991 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.