The Trend Trader For Forex Trading on Tuesday, December 22, 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 Tuesday, December 22, 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 0.8812 − 0.0086 0.8875 0.8960 Bearish  EURUSD – Euro / US Dollar 1.4275 − 0.0056 1.4343 1.4426 Bearish  GBPUSD – British Pound / US Dollar 1.6035 − 0.0124 1.6140 1.6207 Bearish  USDCAD – US Dollar / Canadian Dollar 1.0621 − 0.0040 1.0659 1.0652 Bearish  USDCHF – US Dollar / Swiss Franc 1.0463 + 0.0034 1.0445 1.0410 Bullish  USDJPY – US Dollar / Japanese Yen 91.168 + 0.719 90.315 89.888 Bullish    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9359 − 0.0128 0.9461 0.9550 Bearish  AUDCHF – Aust Dollar / Swiss Franc 0.9220 − 0.0059 0.9265 0.9314 Bearish  AUDJPY – Aust Dollar / Japanese Yen 80.323 − 0.157 80.067 80.187 Bullish  AUDNZD – Aust Dollar / New Zealand $ 1.2489 − 0.0009 1.2489 1.2516 Bearish  CADCHF – Canadian Dollar / Swiss Franc 0.9847 + 0.0071 0.9792 0.9762 Bullish  CADJPY – Canadian Dollar / Japanese Yen 85.810 + 1.012 84.632 84.279 Bullish  CHFJPY – Swiss Franc / Japanese Yen 87.118 + 0.399 86.399 86.296 Bullish  EURAUD – Euro / Australian Dollar 1.6193 + 0.0095 1.6155 1.6103 Bullish  EURCAD – Euro / Canadian Dollar 1.5159 − 0.0117 1.5288 1.5368 Bearish  EURCHF – Euro / Swiss Franc 1.4936 − 0.0010 1.4976 1.4999 Bearish  EURDKK – Euro / Danish Krone 7.4411 − 0.0001 7.4413 7.4413 Bearish  EURGBP – Euro / British Pound 0.8900 + 0.0034 0.8883 0.8921 Neutral  EURJPY – Euro / Japanese Yen 130.144 + 0.501 129.462 129.245 Bullish  EURNOK – Euro / Norwegian Krone 8.3895 + 0.0150 8.3890 8.4092 Neutral  EURNZD – Euro / New Zealand Dollar 2.0232 + 0.0102 2.0186 2.0165 Bullish  EURSEK – Euro / Swedish Krona 10.4290 + 0.0179 10.4284 10.4260 Bullish  GBPAUD – British Pound / Aust Dollar 1.8190 + 0.0038 1.8191 1.8075 Neutral  GBPCAD – British Pound / Canadian $ 1.7030 − 0.0196 1.7203 1.7249 Bearish  GBPCHF – British Pound / Swiss Franc 1.6776 − 0.0073 1.6862 1.6854 Bearish  GBPJPY – British Pound / Japanese Yen 146.178 + 0.013 145.694 145.404 Bullish  GBPNZD – British Pound / New Zealand $ 2.2727 + 0.0030 2.2721 2.2622 Bullish  NZDCAD – New Zealand $ / Canadian $ 0.7490 − 0.0089 0.7571 0.7618 Bearish  NZDCHF – New Zealand $ / Swiss Franc 0.7378 − 0.0036 0.7415 0.7435 Bearish  NZDJPY – New Zealand $ / Japanese Yen 64.260 − 0.072 64.070 64.041 Bullish  NZDUSD – New Zealand $ / US Dollar 0.7051 − 0.0059 0.7102 0.7157 Bearish  SGDJPY – Singapore Dollar/Japanese Yen 64.805 + 0.350 64.306 64.152 Bullish  USDDKK – US Dollar / Danish Krone 5.2125 + 0.0252 5.1872 5.1575 Bullish  USDHKD – US Dollar / Hong Kong Dollar 7.7549 − 0.0024 7.7557 7.7552 Bearish  USDNOK – US Dollar / Norwegian Krone 5.8772 + 0.0388 5.8478 5.8233 Bullish  USDSEK – US Dollar / Swedish Krona 7.3050 + 0.0408 7.2708 7.2204 Bullish  USDSGD – US Dollar / Singapore Dollar 1.4060 + 0.0035 1.4028 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.