The Trend Trader For Forex Trading on Tuesday, November 10, 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, November 10, 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 0.9297 + 0.0110 0.9169 0.9096 Bullish  EURUSD – Euro / US Dollar 1.4999 + 0.0155 1.4894 1.4796 Bullish  GBPUSD – British Pound / US Dollar 1.6758 + 0.0147 1.6629 1.6502 Bullish  USDCAD – US Dollar / Canadian Dollar 1.0551 − 0.0199 1.0657 1.0738 Bearish  USDCHF – US Dollar / Swiss Franc 1.0076 − 0.0096 1.0143 1.0212 Bearish  USDJPY – US Dollar / Japanese Yen 89.925 + 0.046 90.199 90.126 Bearish    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9807 − 0.0070 0.9777 0.9778 Bullish  AUDCHF – Aust Dollar / Swiss Franc 0.9367 + 0.0022 0.9304 0.9279 Bullish  AUDJPY – Aust Dollar / Japanese Yen 83.593 + 1.041 82.693 81.712 Bullish  AUDNZD – Aust Dollar / New Zealand $ 1.2505 − 0.0156 1.2593 1.2596 Bearish  CADCHF – Canadian Dollar / Swiss Franc 0.9546 + 0.0089 0.9519 0.9516 Bullish  CADJPY – Canadian Dollar / Japanese Yen 85.205 + 1.649 84.587 83.859 Bullish  CHFJPY – Swiss Franc / Japanese Yen 89.232 + 0.908 88.877 88.327 Bullish  EURAUD – Euro / Australian Dollar 1.6129 − 0.0026 1.6232 1.6267 Bearish  EURCAD – Euro / Canadian Dollar 1.5825 − 0.0134 1.5870 1.5865 Bearish  EURCHF – Euro / Swiss Franc 1.5115 + 0.0013 1.5110 1.5104 Bullish  EURDKK – Euro / Danish Krone 7.4408 − 0.0010 7.4417 7.4418 Bearish  EURGBP – Euro / British Pound 0.8949 + 0.0014 0.8953 0.8972 Bearish  EURJPY – Euro / Japanese Yen 134.896 + 1.475 134.283 133.377 Bullish  EURNOK – Euro / Norwegian Krone 8.3752 − 0.0698 8.4303 8.4691 Bearish  EURNZD – Euro / New Zealand Dollar 2.0175 − 0.0288 2.0447 2.0512 Bearish  EURSEK – Euro / Swedish Krona 10.2669 − 0.1053 10.3699 10.4148 Bearish  GBPAUD – British Pound / Aust Dollar 1.8021 − 0.0059 1.8129 1.8148 Bearish  GBPCAD – British Pound / Canadian $ 1.7679 − 0.0180 1.7720 1.7745 Bearish  GBPCHF – British Pound / Swiss Franc 1.6885 − 0.0012 1.6871 1.6833 Bullish  GBPJPY – British Pound / Japanese Yen 150.700 + 1.408 149.946 148.770 Bullish  GBPNZD – British Pound / New Zealand $ 2.2540 − 0.0357 2.2836 2.2857 Bearish  NZDCAD – New Zealand $ / Canadian $ 0.7838 + 0.0051 0.7756 0.7742 Bullish  NZDCHF – New Zealand $ / Swiss Franc 0.7486 + 0.0117 0.7383 0.7355 Bullish  NZDJPY – New Zealand $ / Japanese Yen 66.803 + 1.684 65.656 64.908 Bullish  NZDUSD – New Zealand $ / US Dollar 0.7429 + 0.0186 0.7278 0.7211 Bullish  SGDJPY – Singapore Dollar/Japanese Yen 64.865 + 0.349 64.752 64.482 Bullish  USDDKK – US Dollar / Danish Krone 4.9601 − 0.0521 4.9960 5.0293 Bearish  USDHKD – US Dollar / Hong Kong Dollar 7.7498 + 0.0000 7.7498 7.7498 Neutral  USDNOK – US Dollar / Norwegian Krone 5.5821 − 0.1052 5.6605 5.7260 Bearish  USDSEK – US Dollar / Swedish Krona 6.8437 − 0.1429 6.9645 7.0381 Bearish  USDSGD – US Dollar / Singapore Dollar 1.3857 − 0.0067 1.3920 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.