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[thefxhammer]

Date: Sat, Oct 15th, 05

TheFxHammerReport: Incoming Cable Wire

For those of you who know the history of gbp/usd then you understand why I use the term Carble Wire.

Anyway, some have expressed the concern that I was not being honest with my forecast results, so I have decided to give my recommendations with exact entry/exit points for each call I make here on Moneytec, until that particular trade is completed. This will resolve any of those issues. And remember that my outlooks are simply that, an outlook with regards to a particular currency. I kinda blurded the line in a couple of my past posts, this will not happen again.

Now, as for my outlook on Cable.

Outlook: Currently expecting cable to run down 50 to 100 pips from Friday's close of roughly 1.7705.

Have a nice trading day and I will continue to update this FxHammerReport so that you stay informed.

Enjoy!

Special Note: I made an error on my out look so please re-read, I expect cable to retrace from Friday's closing price, not go up.

[thefxhammer]

Please re-read above post. My outlook for cable is down, not up from Friday's close.

TheFxHammerReport

[thefxhammer]

Date: Sun, Oct 16th, 05
Time: 11:15pm GMT

TheFxHammerReport: Cable Wire

Great, our 50 pips hit from Friday's close and now if you didn't lock in the profit I would think you have a trailing stop, so to capture a possible 100 pips. At this time I'm looking for a bounce up from 1.7620/1.7595, this is an old support point from a few days back.

Have fun and good luck...

[thefxhammer]

Date: Sun, Oct 16th, 05
Time: 1:00am GMT

TheFxHammerReport: Cable Wire

Gbp/Usd current position is: 1.7711

Wow, what a bounce from 1.7635 to 1.7735 after dropping some 60 plus pips from Friday's close. Well then, from 1.7711, its current position I'm now looking for a resistance point of 1.7740/1.7760 ...

And this concludes this trade signal.

Enjoy!