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"Tom's Trades" for Wednesday, September 7, 2005
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Remember, these are posted AFTER the fact in order for you to follow along and see what we've been doing. Subscribers get these the evening BEFORE the markets open. To get your in good time to plan your trades, go to
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1: DECEMBER 30 YEAR T BOND
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USDZ5 O=7-15 HI=7-23 LO=7-01 CL=7-04
We opened up the day selling 117-14 only to have it immediately turn higher. We exited at 117-17 losing 3 ticks. We sold -15 on the next break below -16 and exited at -03 for 12 ticks, 9 net after recouping our loser. Our risk was 3 ticks, $93. Our return was $281.
Today's close at 117-04 leaves us looking at 117-00 or 117-16 as the launchpads for tomorrow. I will play 107-08 even if it is the first play available to us. Notice the way it treated -08 during the course of today's action.
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2: MARCH 06 EURODOLLAR
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EDH6 O=.905 HI=.945 LO=.890 CL=.910
We sold 95.920 twice and got stopped at B/E twice. Sold .920 once again and I'm headed into tomorrow short from 95.920 with the stop at B/E.
I really doubt we'll get an opportunity to sell .920 again tomorrow but we'll see. If you didn't pick one off at .920 today I'd be looking at the possibility of selling 95.875.
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3: SEPTEMBER CANADIAN DOLLAR
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CDU5 O=03 HI=40 LO=02 CL=12
We didn't see our number as support did what support does ... keeping us from chasing. Same TT weekend numbers tomorrow.
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4: SEPTEMBER SWISS FRANC
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SFU5 O=00 HI=22 LO=88 CL=96
We sold 8097 twice and twice we were stopped at B/E. I'll go after the same TT numbers tomorrow.
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5: SEPTEMBER MINI RUSSELL 2000
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ERTU5 HI=5.10 LO=5.70 CL=4.40
I was asleep at the switch as the window opened and missed a sell off 668. I recovered by buying 668.30. I exited and reversed at 672.70 picking up $440. I exited the reverse trade at 671.20 for another $150. next I sold 672.80 and exited at 671.10 for $170. Sold 672.70 and exited this one at 671.10 also for another $160. I missed the last trade of the day which was a biggy but too late for me.
The full array of all TT numbers for tomorrow.
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6: DECEMBER GOLD
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GCZ5 O=8.50 HI=0.30 LO=7.00 CL=8.60
We sold 448.60 and I bailed at 447.60 for $100. $10 channel for tomorrow.
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7: DECEMBER COTTON
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CTZ5 O=.20 HI=.85 LO=.90 CL=.78
We picked off one at 50.60. At 51.07 I rolled the stop to 50.91 and got stopped at 50.85 for 25 points, $125. I missed the balance of the move above there ... that's gonna' happen now and then.
We closed at 51.78. I will buy a retest of 51.50 or 51.00 that fails to go lower and turns back north. I will sell a break back below either of those numbers. I will also buy the break above 52.50 or sell a failed retest there. You can pick up all the needed management from TT. The stop on the break above 52.50 is 52.43.
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8: DECEMBER COCOA
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COZ5 O=35 HI=44 LO=20 CL=40
Nothing for us today; I'll stay with the same numbers for tomorrow.
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9: DECEMBER CORN
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CZ5 O=2.18 1/2 HI=2.22 1/4 LO=2.18 1/4 CL=2.21 1/4
I bought 2.18 1/2. In my best scalper impersonation I exited at 2.21 3/4 pocketing my chump change of 3 1/4 cents, $162.
I 'll play the same TT numbers tomorrow.
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10: DECEMBER WHEAT
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WZ5 O=3.21 1/2 HI=3.25 1/2 LO=3.19 1/4 CL=3.21
Nothing in our ballpark today. Same TT numbers for tomorrow.
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