"Tom's Trades" for Friday, September 16, 2005

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"Tom's Trades" for Friday, September 16, 2005
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Hi Gang ... My apologies for flaking out on you all last night. After 2 hours of non-stop Webinar I was hurtin' and exhausted. I will give you the trades I did today. This is a good opportunity to a little check the system game. Since I didn't tell you all last night what I'd be looking at for today you can compare what you did and see how it compared to my trades.

Thanks for understanding. I will try to keep absences down to a minimum as I work thru the good and bad days ahead.
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1: DECEMBER 30 YEAR T BOND
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USDZ5 O=6-01 HI=6-10 LO=4-30 CL=5-09

There's another point disappearing from the bonds. I tried to buy -03 right after the open and they wouldn't let me in ... thank you for that. Doesn't look like any real damage would have been done had we gotten filled but I'm happier to be flat. Looks like we'd have been out at B/E or maybe -02.

I then did sell -29. I decided to make them break -24 to get me out after we hit -18. They got there but didn't break it. I finally exited of my own will at -18 for 11 ticks. I tried twice to sell the break of -16 and couldn't. On the third try I got on off at -13. We went to 114-31 and I bailed at -01 for 12 ticks. Total on the day 23 ticks, $718 without ever having more than about $157 at risk.

The close at 115-09 sets up 115-16 and 115-00. -08 and -24 are playable after the first trade at -00 or -16.
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2: MARCH 06 EURODOLLAR
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EDH6 O=.835 HI=.860 LO=.790 CL=.810

I sold 95.825 on Wed. and was stopped out at .840 at the open losing $37. Sold .825 a second time today and was again stopped at out, this time at .835 losing another $25. I'm beginning to remeber why I traded the front month ... lol. I sold the number once more and am now short from .825 with the stop at .835 headed to tomorrow.

If we bounce back to .825 we can sell if you're not in with me already. The other alternative would be to sell a break of 95.780. I like the looks of that level as well.
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3: SEPTEMBER CANADIAN DOLLAR
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CDU5 O=44 HI=49 LO=05 CL=34

No volume so I passed. I leave it alone tomorrow as well and on Monday we'll roll out to the December Contract.
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4: SEPTEMBER SWISS FRANC
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SFU5 O=97 HI=98 LO=84 CL=91

Same story here in the Swiss. On the sidelines until the weekend TT where we'll roll to Dec contract
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5: DECEMBER MINI RUSSELL 2000
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ERTZ5 O=9.90 HI=2.30 LO=6.50 CL=7.80

The scene opens with a panoramic shot of the Ponderosa ranch. The camera narrows in on the kitchen window where we see Hop Sing with a clever in his hand ... chop, chop, chop. Geez. I bought 670.40 and exited at .50 for $10. I bought 670.40 again and exited at 671.90 for plus $150. I sold 671.60 and exited at 668.10 for $350. I bought 668.30 and exited at 669.60 for $130. I missed one setup and picked back up the concentration at 669.50 with a sell. I bailed at 667.20 for another $230. I bought 668.30 and exited at 667.70 losing $60.

No new numbers.
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6: DECEMBER GOLD
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GCZ5 O=7.00 HI=9.70 LO=6.30 CL=9.30

A big gap up at the open was a bit of a surprise to all. The good news it leaves us at 459.30 with a good look at upper 80th percentile numbers for tomorrow. Follow thru or failure? We shall see.

$10 gold channel for tomorrow.
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7: DECEMBER COTTON
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CTZ5 O=.50 HI=.94 LO=.38 CL=.50

I bought 49.55 and bailed at 49.85 for $150. Same numbers from TT again tomorrow. I will also buy a failed retest at 49.50 as it turns and heads north. The stop is 49.37.
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8: DECEMBER COCOA
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COZ5 O=12 HI=17 LO=99 CL=05

Nothing for us today. I'll leave it alone tomorrow and attack on Monday ... with one exception. I'll buy a failed retest of 1400 tomorrow with a stop at 1397.
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9: DECEMBER CORN
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CZ5 O=2.06 1/4 HI=2.08 LO=2.05 3/4 CL=2.06 1/2

Sidelines for me. We'll see what's what in TT over the weekend.
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10: DECEMBER WHEAT
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WZ5 O=3.25 HI=3.26 1/2 LO=3.20 1/2 CL=3.22 3/4

3.26 showed itself. Couldn't do anything with it. I tried to sell but couldn't get a fill. We'll sit tomorrow out and get back after them on Monday.
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