The Trend Trader For Forex Trading on Wednesday, November 18, 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, November 18, 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 0.9304 − 0.0063 0.9322 0.9297 Neutral  GBPUSD – British Pound / US Dollar 1.6811 − 0.0004 1.6750 1.6678 Bullish  USDCAD – US Dollar / Canadian Dollar 1.0509 + 0.0035 1.0509 1.0560 Bearish  USDCHF – US Dollar / Swiss Franc 1.0160 + 0.0084 1.0123 1.0118 Bullish  USDJPY – US Dollar / Japanese Yen 89.251 + 0.206 89.393 89.846 Bearish    ALL OTHERS  AUDCAD – Aust Dollar / Canadian Dollar 0.9778 − 0.0033 0.9794 0.9810 Bearish  AUDCHF – Aust Dollar / Swiss Franc 0.9453 + 0.0014 0.9431 0.9412 Bullish  AUDJPY – Aust Dollar / Japanese Yen 83.040 − 0.373 83.329 83.451 Bearish  AUDNZD – Aust Dollar / New Zealand $ 1.2481 − 0.0028 1.2526 1.2555 Bearish  CADCHF – Canadian Dollar / Swiss Franc 0.9665 + 0.0048 0.9631 0.9587 Bullish  CADJPY – Canadian Dollar / Japanese Yen 84.904 − 0.097 85.087 85.025 Bearish  CHFJPY – Swiss Franc / Japanese Yen 87.826 − 0.543 88.335 88.702 Bearish  EURAUD – Euro / Australian Dollar 1.5984 + 0.0009 1.6005 1.6036 Bearish  EURCAD – Euro / Canadian Dollar 1.5630 − 0.0046 1.5669 1.5750 Bearish  EURCHF – Euro / Swiss Franc 1.5113 + 0.0030 1.5097 1.5101 Bullish  EURDKK – Euro / Danish Krone 7.4408 + 0.0004 7.4406 7.4417 Neutral  EURGBP – Euro / British Pound 0.8847 − 0.0053 0.8905 0.8966 Bearish  EURJPY – Euro / Japanese Yen 132.757 − 0.552 133.386 133.941 Bearish  EURNOK – Euro / Norwegian Krone 8.3404 + 0.0222 8.3507 8.3902 Bearish  EURNZD – Euro / New Zealand Dollar 1.9954 − 0.0035 2.0047 2.0132 Bearish  EURSEK – Euro / Swedish Krona 10.2164 + 0.0446 10.1998 10.2484 Neutral  GBPAUD – British Pound / Aust Dollar 1.8063 + 0.0118 1.7968 1.7903 Bullish  GBPCAD – British Pound / Canadian $ 1.7665 + 0.0054 1.7602 1.7565 Bullish  GBPCHF – British Pound / Swiss Franc 1.7079 + 0.0136 1.6953 1.6838 Bullish  GBPJPY – British Pound / Japanese Yen 150.045 + 0.310 149.744 149.778 Bullish  GBPNZD – British Pound / New Zealand $ 2.2552 + 0.0096 2.2506 2.2525 Bullish  NZDCAD – New Zealand $ / Canadian $ 0.7830 − 0.0010 0.7816 0.7800 Bullish  NZDCHF – New Zealand $ / Swiss Franc 0.7569 + 0.0027 0.7526 0.7491 Bullish  NZDJPY – New Zealand $ / Japanese Yen 66.493 − 0.155 66.485 66.430 Bullish  NZDUSD – New Zealand $ / US Dollar 0.7451 − 0.0034 0.7438 0.7399 Bullish  SGDJPY – Singapore Dollar/Japanese Yen 64.421 + 0.106 64.489 64.750 Bearish  USDDKK – US Dollar / Danish Krone 5.0016 + 0.0314 4.9892 4.9853 Bullish  USDHKD – US Dollar / Hong Kong Dollar 7.7499 − 0.0000 7.7499 7.7498 Bullish  USDNOK – US Dollar / Norwegian Krone 5.6063 + 0.0513 5.5952 5.6175 Neutral  USDSEK – US Dollar / Swedish Krona 6.8676 + 0.0728 6.8376 6.8691 Neutral  USDSGD – US Dollar / Singapore Dollar 1.3849 + 0.0008 1.3855 1.3872 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.