The Trend Trader For Forex Trading on Wednesday, December 2, 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 Wednesday, December 2, 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 0.9250 + 0.0092 0.9135 0.9109 Bullish  EURUSD – Euro / US Dollar 1.5080 + 0.0075 1.5005 1.4986 Bullish  GBPUSD – British Pound / US Dollar 1.6609 + 0.0169 1.6482 1.6501 Bullish  USDCAD – US Dollar / Canadian Dollar 1.0460 − 0.0101 1.0566 1.0604 Bearish  USDCHF – US Dollar / Swiss Franc 0.9994 − 0.0059 1.0046 1.0051 Bearish  USDJPY – US Dollar / Japanese Yen 86.680 + 0.265 86.442 86.828 Neutral    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9676 + 0.0003 0.9653 0.9666 Bullish  AUDCHF – Aust Dollar / Swiss Franc 0.9244 + 0.0038 0.9169 0.9165 Bullish  AUDJPY – Aust Dollar / Japanese Yen 80.163 + 1.028 78.967 79.129 Bullish  AUDNZD – Aust Dollar / New Zealand $ 1.2737 − 0.0050 1.2751 1.2713 Neutral  CADCHF – Canadian Dollar / Swiss Franc 0.9551 + 0.0035 0.9502 0.9484 Bullish  CADJPY – Canadian Dollar / Japanese Yen 82.825 + 1.037 81.796 81.950 Bullish  CHFJPY – Swiss Franc / Japanese Yen 86.713 + 0.766 86.039 86.205 Bullish  EURAUD – Euro / Australian Dollar 1.6299 − 0.0079 1.6427 1.6433 Bearish  EURCAD – Euro / Canadian Dollar 1.5774 − 0.0073 1.5858 1.5890 Bearish  EURCHF – Euro / Swiss Franc 1.5071 − 0.0012 1.5074 1.5070 Neutral  EURDKK – Euro / Danish Krone 7.4421 + 0.0003 7.4421 7.4419 Neutral  EURGBP – Euro / British Pound 0.9077 − 0.0048 0.9103 0.9065 Neutral  EURJPY – Euro / Japanese Yen 130.709 + 1.045 129.704 130.022 Bullish  EURNOK – Euro / Norwegian Krone 8.4754 − 0.0428 8.5050 8.4681 Neutral  EURNZD – Euro / New Zealand Dollar 2.0763 − 0.0180 2.0950 2.0875 Bearish  EURSEK – Euro / Swedish Krona 10.4127 − 0.0491 10.4530 10.4122 Neutral  GBPAUD – British Pound / Aust Dollar 1.7952 + 0.0006 1.8040 1.8114 Bearish  GBPCAD – British Pound / Canadian $ 1.7375 + 0.0011 1.7415 1.7509 Bearish  GBPCHF – British Pound / Swiss Franc 1.6599 + 0.0074 1.6554 1.6620 Neutral  GBPJPY – British Pound / Japanese Yen 143.970 + 1.911 142.480 143.354 Bullish  GBPNZD – British Pound / New Zealand $ 2.2868 − 0.0079 2.3001 2.3012 Bearish  NZDCAD – New Zealand $ / Canadian $ 0.7590 + 0.0031 0.7561 0.7594 Neutral  NZDCHF – New Zealand $ / Swiss Franc 0.7252 + 0.0058 0.7189 0.7218 Bullish  NZDJPY – New Zealand $ / Japanese Yen 62.878 + 1.052 61.886 62.251 Bullish  NZDUSD – New Zealand $ / US Dollar 0.7255 + 0.0100 0.7164 0.7164 Bullish  SGDJPY – Singapore Dollar/Japanese Yen 62.764 + 0.349 62.399 62.565 Bullish  USDDKK – US Dollar / Danish Krone 4.9345 − 0.0244 4.9591 4.9658 Bearish  USDHKD – US Dollar / Hong Kong Dollar 7.7500    0.0000 7.7501 7.7501 Bearish  USDNOK – US Dollar / Norwegian Krone 5.6185 − 0.0573 5.6673 5.6649 Bearish  USDSEK – US Dollar / Swedish Krona 6.9048 − 0.0662 6.9666 6.9614 Bearish  USDSGD – US Dollar / Singapore Dollar 1.3802 − 0.0036 1.3845 1.3864 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.