"Tom's Trades" for Thursday, February 3, 2005

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"Tom's Trades" for Thursday, February 3, 2005
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1: MARCH 30 YEAR T BOND
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USDH5 O=114-24 HI=115-01 LO=114-18 CL=114-28

I sold 1 at 114-28 and exited at 114-20 after it failed to press lower than -18.
This play took us to within an hour of the FED announcement. I was on the
sidelines for the balance of the day.

The last hour today was very choppy as the market digested the FED rate
rise and later comments. We ended up at 114-28. Make sure all the dust has
settled before attempting any trades tomorrow. If there is any choppiness early
on, sit tight, it'll mellow out. Same numbers tomorrow 115-00 and 114-16. Sells
only.

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2: MARCH EURODOLLAR
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EDH5 O=97.020 HI=97.025 LO=97.015 CL=97.015

We inched lower today. Same deal as yesterday ... Boring, Boring

I'm on the trail of the 97.055 buy for certain. It will probaly take a ton of
patience before we get there. I'm prepared for that. I am also looking for
a bounce carrying us to 97.040 for a sell setup on a failure there.

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3: MARCH CANADIAN DOLLAR
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CDH5 O=8100 HI=8100 LO=8053 CL=8080

The gap up and failure was too good to pass up. Sold 1 at 8088 and exited
at 8062 for $260. Once we'd broken 8060 there was no reason to let it come
back on us. I had actually rolled my stop to 8061 ... a little slippage. Had
the move back to 8080 not started so late in the day I might very well have
bought something on the break above 8060.

We climbed right back to 8080 so we'll play the same numbers again tomorrow.

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4: APRIL GOLD
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GCJ5 O=423.80 HI=424.10 LO=421.90 CL=423.00

Almost a carbon copy of yesterday. Sold 423.80, brought the stop to B/E as
we broke 423.00 and bailed at 422.30 for $150. 422.00 is becoming a very
strong support area.

Same numbers from TT and prior updates will guide us tomorrow.

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5: MARCH COTTON
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CTH5 O=44.00 HI=44.50 LO=43.75 CL=44.27

I bought 1 at 44.15 today. I actually considered keeping this trade on over
night ... until it hit 44.50 and failed. zi chose to exit at 44.40 picking up $125.
I would have bought again on the late drop to 44.10 but it was just too late
in the day.

Stay with all the same numbers for tomorrow.

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6: MARCH COCOA
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COH5 O=1575 HI=1606 LO=1575 CL=1603

I was all poised to sell the break back below 1580. Only 1 problem ... it never
did it. Near end of day it made a run on 1600, hitting 1605. Too lat ein the
day to play it. We ended the day at 1603 just off the highs for the day. I'll
be watching very closely tomorrow. Do the plays from TT ... buy a break
above 1600, sell a break below 1580. I will also sell a break below 1600 now.

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7: MARCH CORN
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CH5 O=1.96 HI=1.96 1/4 LO=1.95 CL=1.95 1/4

I bought 1.95 1/2 with a stop at 1.94 1/4 risking $62. I'll roll the stop to
B/E on a trade above 1.96 1/2 and to 1.97 at 1.98. If we see 2.00 I'm gone
unless it's just smokin' to the upside. Every where we go, people wanna' know
who we are, so we tell them, we are the scalpers, the mighty, mighty scalpers
... :) Sorry, one of the grandaughters is a cheerleader.

For tomorrow, you can join me if you can manage a fill below 1.96 or you
can sit back and laugh at me ... your choice.

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8: MARCH WHEAT
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WH5 O=2.91 1/2 HI=2.91 1/2 LO=2.87 3/4 CL=2.88 1/4

I bought 1 at 2.88 1/2 with a stop at 2.87 1/4 risking, again, $62. Any available
fill below 2.89 can be bought tomorrow. Based on Project A numbers into
the night I'm not looking real good on eithe rthe Corn or this one, am I?
We'll see what tomorrow brings.

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