TheFxHammerReport: Euro/Usd: Mon Oct 17th 05

[thefxhammer]

Date: Mon Oct 17th 05
Time: 1:33am GMT

TheFxHammerReport: Euro/Usd Outlook

Euro/Usd current position is: 1.1997

Euro/Usd has been in a downturn all day as has Cable (gbp/usd) it looks like there's no end in sight...lol Well folks don't fret a reversal is coming based on my outlook on euro/usd.

Look for a bottom near 1.1970/1.1950/1.1925 with a reversal up 50 pips the bottom point. I would recomemend holding out for 1.1950/1.1925 capture a possible 50 to 75 pips up on the reversal. Place a stop-loss at 1.1925 if you get in at 1.1950 or a stop-loss at 1.1900 if you get in at 1.1925 upon entry if such a trade looks good to you.

Will keep you updated on this trade until completion.

Have a great trading day Enjoy!

[thefxhammer]

Date: Tue Oct 18th 05
Time: 2:10am GMT

TheFxHammerReport: Euro/Usd Outlook

Euro/Usd current position is: 1.1939

If you got in at 1.1950 with a stop-loss of 1.1925 then your out with a -25pips. However if you waited got in at 1.1925 with a stop-loss of 1.1900 then your still in the trade.

My recomemendation for this outlook if your in the trade at 1.1925. Take profit here at 1.1939. Yes the move is much smaller than I thougth but for me there are some things taking place I can't account for. Better safe than sorry.

This concludes this trade signal.

Thanks...

[nadar]

How do I get into your Paltlak room ?


Thx
Nadar