Tom's Trades for Wednesday , January 26th 2005

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Subscribers received these last night, Test Drive Edition is
posted after the market closes. Enjoy!

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1: MARCH 30 YEAR T BOND
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USDH5 O=114-25 HI=114-28 LO=113-21 CL=113-30

To paraphrase W.C ... All things considered I'd rather trade today
than yesterday:)

I sold 114-14 and was stopped out at -05 for plus 11 ticks, 343. I
sold again at 113-30 and was stopped at B/E, sold a third time at
113-29 and stopped out at 26 for plus 3 giving me 14 on the day,
$437.

The 113-30 close puts us on 114-00 and 113-16 for tomorrow. NO
BUYS.

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2: MARCH EURODOLLAR
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EDH5 O=97.035 HI=97.040 LO=97.025 CL=97.035

We continue short from 97.040. The trade can still be entered on
a retest and susequent failure at .040.

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3: MARCH CANADIAN DOLLAR
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CDH5 O=8145 HI=8145 LO=8057 CL=8085

A gap down took us thru 8150. I sold 8140 with a stop at 8154. I
rolled to B/E at 8125. As we broke 8100 I brought the stop to 8107
and as we touched 8057 I brought it to 8061 and was stopped out
at 8065. We picked up a nice one here, $750.

We're back testing the bottom edge support of the recent trading
range at 8090-80. The U.S Dollar is banging it's head on some
significant recent resistance. I'd judge this a very important point
for the CD. Tomorrow I will buy a break above 8100 with an 8193
stop. Roll to B/E at 8109 and use the numbers above there from
TT for management guidance. I will also sell a break below 8979
with a stop at 8087 and a B/E roll at 8069. 7970 is the first logical
target. Trail a stop back $125-150 until we break 8000. From there
down, no more than $100 at risk.

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4: FEBRUARY GOLD
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GCG5 O=425.50 HI=425.70 LO=421.00 CL=422.10

The big gapower never gave us a shot at the 80 percentile sell.
The confirmation of the lower edge of the channel didn't surface
until too late in the day. Big range from yesterday and nothing to
show for it. Oh well.

Same numbers tomorrow ... 424 and $10 channel.

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5: MARCH COTTON
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CTH5 O=46.40 HI=46.80 LO=45.75 CL=46.78

We sold 46.40, stopped out at 46.05 for 35 ticks, $175. We made
it down to 45.75 which wasn't close enought to play the 45.50/60
focus. It launched from there but we couldn't do anything about it.
Too late in the day it broke above 46.60. I had to let it go.

I'll use the TT numbers again tomorrow. I will also sell a retest in
the 46.80-47.00 area that fails.

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6: MARCH COCOA
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COH5 O=1520 HI=1536 LO=1518 CL=1527

Nothing for us today. I'll play the same TT numbers tomorrow.

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7: MARCH CORN
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CH5 O=1.97 1/4 HI=1.99 3/4 LO=1.97 CL=1.99

I bought 1.98 1/2. The stop is 1.97 1/4. We'll go as long as we can.
See TT for management guidance. Remember, we are scalping here.

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8: MARCH WHEAT
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WH5 O=2.95 HI=2.98 3/4 LO=2.95 CL=2.97

I bought 2.97 3/4 and was stopped out at 2.96 3/4 losing $50. I'm
going to go at 2.97 1/2 break again tomorrow. Same 2.96 3/4 stop.