The Trend Trader For Forex Trading on Thursday, December 31, 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 31, 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 0.8942 − 0.0004 0.8909 0.8823 Bullish  EURUSD – Euro / US Dollar 1.4338 − 0.0014 1.4362 1.4337 Neutral  GBPUSD – British Pound / US Dollar 1.6076 + 0.0175 1.5976 1.6016 Bullish  USDCAD – US Dollar / Canadian Dollar 1.0551 + 0.0120 1.0460 1.0546 Bullish  USDCHF – US Dollar / Swiss Franc 1.0366 + 0.0000 1.0359 1.0398 Neutral  USDJPY – US Dollar / Japanese Yen 92.432 + 0.443 91.938 91.213 Bullish    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9437 + 0.0102 0.9326 0.9321 Bullish  AUDCHF – Aust Dollar / Swiss Franc 0.9270 − 0.0004 0.9233 0.9180 Bullish  AUDJPY – Aust Dollar / Japanese Yen 82.643 + 0.367 81.865 80.519 Bullish  AUDNZD – Aust Dollar / New Zealand $ 1.2382 − 0.0083 1.2471 1.2498 Bearish  CADCHF – Canadian Dollar / Swiss Franc 0.9820 − 0.0111 0.9894 0.9853 Bearish  CADJPY – Canadian Dollar / Japanese Yen 87.567 − 0.579 87.826 86.427 Neutral  CHFJPY – Swiss Franc / Japanese Yen 89.151 + 0.426 88.749 87.726 Bullish  EURAUD – Euro / Australian Dollar 1.6027 − 0.0008 1.6115 1.6219 Bearish  EURCAD – Euro / Canadian Dollar 1.5128 + 0.0155 1.5027 1.5122 Bullish  EURCHF – Euro / Swiss Franc 1.4862 − 0.0016 1.4878 1.4926 Bearish  EURDKK – Euro / Danish Krone 7.4413 − 0.0001 7.4418 7.4427 Bearish  EURGBP – Euro / British Pound 0.8917 − 0.0107 0.8989 0.8961 Bearish  EURJPY – Euro / Japanese Yen 132.535 + 0.501 132.044 130.881 Bullish  EURNOK – Euro / Norwegian Krone 8.3118 − 0.0121 8.3251 8.3592 Bearish  EURNZD – Euro / New Zealand Dollar 1.9854 − 0.0149 2.0100 2.0292 Bearish  EURSEK – Euro / Swedish Krona 10.2643 − 0.0732 10.3423 10.4334 Bearish  GBPAUD – British Pound / Aust Dollar 1.7970 + 0.0204 1.7920 1.8133 Neutral  GBPCAD – British Pound / Canadian $ 1.6964 + 0.0376 1.6720 1.6895 Bullish  GBPCHF – British Pound / Swiss Franc 1.6663 + 0.0181 1.6547 1.6648 Bullish  GBPJPY – British Pound / Japanese Yen 148.580 + 2.316 146.886 146.198 Bullish  GBPNZD – British Pound / New Zealand $ 2.2262 + 0.0103 2.2353 2.2673 Bearish  NZDCAD – New Zealand $ / Canadian $ 0.7616 + 0.0136 0.7473 0.7448 Bullish  NZDCHF – New Zealand $ / Swiss Franc 0.7482 + 0.0049 0.7400 0.7338 Bullish  NZDJPY – New Zealand $ / Japanese Yen 66.698 + 0.740 65.615 64.388 Bullish  NZDUSD – New Zealand $ / US Dollar 0.7218 + 0.0047 0.7140 0.7047 Bullish  SGDJPY – Singapore Dollar/Japanese Yen 65.775 + 0.320 65.397 64.875 Bullish  USDDKK – US Dollar / Danish Krone 5.1893 + 0.0053 5.1811 5.1907 Neutral  USDHKD – US Dollar / Hong Kong Dollar 7.7545 − 0.0002 7.7550 7.7546 Bearish  USDNOK – US Dollar / Norwegian Krone 5.7963 − 0.0022 5.7953 5.8252 Neutral  USDSEK – US Dollar / Swedish Krona 7.1579 − 0.0444 7.1987 7.2808 Bearish  USDSGD – US Dollar / Singapore Dollar 1.4047 − 0.0002 1.4051 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.