The Trend Trader For Forex Trading on Monday, November 23, 2009 Friday, November 20, 2009 by Bob Hunt of The Pattern Trapper

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 Monday, November 23, 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 3x1 7x5 Minor Trend Major Trend Trend Reading  AUDUSD - Aust Dollar / US Dollar 0.9144 − 0.0040 0.9215 0.9203 Bearish  GBPUSD - British Pound / US Dollar 1.6501 − 0.0166 1.6662 1.6613 Bearish  USDCAD - US Dollar / Canadian Dollar 1.0702 + 0.0066 1.0610 1.0619 Bullish  USDCHF - US Dollar / Swiss Franc 1.0178 + 0.0051 1.0142 1.0149 Bullish  USDJPY - US Dollar / Japanese Yen 88.850 − 0.109 89.053 89.065 Bearish    ALL OTHERS  AUDCAD - Aust Dollar / Canadian Dollar 0.9788 + 0.0019 0.9774 0.9782 Bullish  AUDCHF - Aust Dollar / Swiss Franc 0.9308 + 0.0006 0.9344 0.9339 Bearish  AUDJPY - Aust Dollar / Japanese Yen 81.234 − 0.465 82.068 81.898 Bearish  AUDNZD - Aust Dollar / New Zealand $ 1.2618 + 0.0059 1.2532 1.2566 Bullish  CADCHF - Canadian Dollar / Swiss Franc 0.9505 − 0.0016 0.9553 0.9558 Bearish  CADJPY - Canadian Dollar / Japanese Yen 82.964 − 0.661 83.941 83.860 Bearish  CHFJPY - Swiss Franc / Japanese Yen 87.263 − 0.548 87.829 87.786 Bearish  EURAUD - Euro / Australian Dollar 1.6243 − 0.0003 1.6175 1.6182 Bullish  EURCAD - Euro / Canadian Dollar 1.5902 + 0.0028 1.5824 1.5814 Bullish  EURCHF - Euro / Swiss Franc 1.5128 + 0.0011 1.5120 1.5118 Bullish  EURDKK - Euro / Danish Krone 7.4412 + 0.0001 7.4409 7.4410 Bullish  EURGBP - Euro / British Pound 0.9003 + 0.0049 0.8946 0.8952 Bullish  EURJPY - Euro / Japanese Yen 132.042 − 0.739 132.814 132.710 Bearish  EURNOK - Euro / Norwegian Krone 8.4020 − 0.0053 8.3887 8.3877 Bullish  EURNZD - Euro / New Zealand Dollar 2.0507 + 0.0097 2.0269 2.0342 Bullish  EURSEK - Euro / Swedish Krona 10.2954 + 0.0150 10.2649 10.2790 Bullish  GBPAUD - British Pound / Aust Dollar 1.8036 − 0.0104 1.8070 1.8030 Neutral  GBPCAD - British Pound / Canadian $ 1.7659 − 0.0065 1.7671 1.7643 Neutral  GBPCHF - British Pound / Swiss Franc 1.6798 − 0.0081 1.6898 1.6892 Bearish  GBPJPY - British Pound / Japanese Yen 146.615 − 1.635 148.436 147.802 Bearish  GBPNZD - British Pound / New Zealand $ 2.2771 − 0.0017 2.2652 2.2691 Bullish  NZDCAD - New Zealand $ / Canadian $ 0.7744 − 0.0029 0.7795 0.7782 Bearish  NZDCHF - New Zealand $ / Swiss Franc 0.7366 − 0.0036 0.7454 0.7430 Bearish  NZDJPY - New Zealand $ / Japanese Yen 64.292 − 0.721 65.494 65.053 Bearish  NZDUSD - New Zealand $ / US Dollar 0.7237 − 0.0073 0.7355 0.7320 Bearish  SGDJPY - Singapore Dollar/Japanese Yen 63.947 − 0.120 64.212 64.159 Bearish  USDDKK - US Dollar / Danish Krone 5.0066 + 0.0221 4.9918 4.9962 Bullish  USDHKD - US Dollar / Hong Kong Dollar 7.7500 + 0.0001 7.7499 7.7500 Bullish  USDNOK - US Dollar / Norwegian Krone 5.6533 + 0.0229 5.6262 5.6321 Bullish  USDSEK - US Dollar / Swedish Krona 6.9284 + 0.0413 6.8866 6.9011 Bullish  USDSGD - US Dollar / Singapore Dollar 1.3886 + 0.0007 1.3867 1.3874 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.

Recent articles from this author

• The Trend Trader For Forex Trading on Monday, November 23, 2009 - Friday, November 20, 2009
• The Trend Trader For Futures Trading on Monday, November 23, 2009 - Friday, November 20, 2009
• The Trend Trader For Stock Trading on Monday, November 23, 2009 - Friday, November 20, 2009
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About the author

Bob Hunt is the creator of the Pattern Trapper On-Line Trading Course and the Pattern Trapper ADVANCED Short term Trading Strategies index mentoring program as well as the editor of the daily Pattern Trapper Futures Trading Newsletter. Bob has been an active independent trader since 1982. He began offering market analysis and trading advice to the public in 1999 with the inception of The Pattern Trapper.

Bob specializes in helping traders make sense out of market action by offering a perspective that makes them much more easily understood. The path to learning successful trading techniques starts with an understanding of price behavior. To begin to understand price behavior you must first learn how to create structure out of inherently un-structured market environments. The whole focus of the Pattern Trapper approach is to show traders how to create that structure - to teach them how to create "templates" for interpreting market behavior and spotting opportunity.

Bob is registered with the National Futures Association as a Commodity Trading Advisor.