The Trend Trader For Forex Trading on Thursday, November 12, 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, November 12, 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 0.9296 − 0.0009 0.9288 0.9096 Bullish  GBPUSD – British Pound / US Dollar 1.6570 − 0.0172 1.6694 1.6502 Neutral  USDCAD – US Dollar / Canadian Dollar 1.0447 − 0.0046 1.0534 1.0738 Bearish  USDCHF – US Dollar / Swiss Franc 1.0078 + 0.0004 1.0084 1.0212 Bearish  USDJPY – US Dollar / Japanese Yen 89.839 + 0.027 89.856 90.126 Bearish    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9714 − 0.0050 0.9785 0.9778 Bearish  AUDCHF – Aust Dollar / Swiss Franc 0.9369 − 0.0006 0.9367 0.9279 Bullish  AUDJPY – Aust Dollar / Japanese Yen 83.516 − 0.052 83.421 81.712 Bullish  AUDNZD – Aust Dollar / New Zealand $ 1.2578 + 0.0068 1.2535 1.2596 Neutral  CADCHF – Canadian Dollar / Swiss Franc 0.9643 + 0.0046 0.9574 0.9516 Bullish  CADJPY – Canadian Dollar / Japanese Yen 85.966 + 0.416 85.219 83.859 Bullish  CHFJPY – Swiss Franc / Japanese Yen 89.125 − 0.002 89.077 88.327 Bullish  EURAUD – Euro / Australian Dollar 1.6115 + 0.0010 1.6123 1.6267 Bearish  EURCAD – Euro / Canadian Dollar 1.5657 − 0.0071 1.5775 1.5865 Bearish  EURCHF – Euro / Swiss Franc 1.5103 + 0.0001 1.5107 1.5104 Bearish  EURDKK – Euro / Danish Krone 7.4408 − 0.0000 7.4411 7.4418 Bearish  EURGBP – Euro / British Pound 0.9042 + 0.0091 0.8973 0.8972 Bullish  EURJPY – Euro / Japanese Yen 134.628 − 0.001 134.581 133.377 Bullish  EURNOK – Euro / Norwegian Krone 8.3850 + 0.0163 8.3847 8.4691 Neutral  EURNZD – Euro / New Zealand Dollar 2.0277 + 0.0123 2.0216 2.0512 Neutral  EURSEK – Euro / Swedish Krona 10.2073 − 0.0237 10.2558 10.4148 Bearish  GBPAUD – British Pound / Aust Dollar 1.7818 − 0.0170 1.7972 1.8148 Bearish  GBPCAD – British Pound / Canadian $ 1.7313 − 0.0255 1.7582 1.7745 Bearish  GBPCHF – British Pound / Swiss Franc 1.6699 − 0.0168 1.6834 1.6833 Bearish  GBPJPY – British Pound / Japanese Yen 148.860 − 1.500 150.050 148.770 Neutral  GBPNZD – British Pound / New Zealand $ 2.2422 − 0.0089 2.2545 2.2857 Bearish  NZDCAD – New Zealand $ / Canadian $ 0.7718 − 0.0081 0.7800 0.7742 Bearish  NZDCHF – New Zealand $ / Swiss Franc 0.7445 − 0.0044 0.7469 0.7355 Neutral  NZDJPY – New Zealand $ / Japanese Yen 66.358 − 0.390 66.526 64.908 Neutral  NZDUSD – New Zealand $ / US Dollar 0.7387 − 0.0047 0.7406 0.7211 Neutral  SGDJPY – Singapore Dollar/Japanese Yen 64.768 + 0.081 64.738 64.482 Bullish  USDDKK – US Dollar / Danish Krone 4.9646 + 0.0012 4.9674 5.0293 Bearish  USDHKD – US Dollar / Hong Kong Dollar 7.7497 − 0.0001 7.7498 7.7498 Bearish  USDNOK – US Dollar / Norwegian Krone 5.5930 + 0.0099 5.5985 5.7260 Bearish  USDSEK – US Dollar / Swedish Krona 6.8089 − 0.0159 6.8466 7.0381 Bearish  USDSGD – US Dollar / Singapore Dollar 1.3865 − 0.0011 1.3872 1.3957 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.