"Tom's Trades" for Tuesday, October 4, 2005

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"Tom's Trades" for Tuesday, October 4, 2005
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1: DECEMBER 30 YEAR T BOND
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USDZ5 O=4-17 HI=4-17 LO=3-18 CL=3-24

We opened selling 114-14 and rolled our way down to to 113-19. I rolled the stop to -21 and was stopped at -22 for 24 ticks, $750 ... welcome back, T. I bought 113-21 after the retest lower that carried to -18. I was stopped out at -25 for 4 more, $125

The close at 113-24 has us poised to jump on 113-16 or 114-00. Again -24 and -08 can be played after the initial trade off -16 or-00.
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2: MARCH 06 EURODOLLAR
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EDH6 O=.470 HI=.470 LO=.405 CL=.425

We opened at 95.470 and immediately started lower. Following my outline in TT over the weekend I rolled the stop down to 95.475. We made it to .405, tried 3 times to break it and could not. It then bounced back to .425 where we closed. I was tempted to exit by the 3 failed attempts to go lower. I think I should have but I stammered around long enough the market made the hop back up so I decided to stay with it. I may regret that .

If you're not in with us I don't see any way to plat the ED here. We have no structure without going to the weekly or monthly. And I can't trade that. Sit tight, follow along and see if we can get out of this one and then get a pullback to .520 we can resell. Until then the trading brakes are on.
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3: DECEMBER CANADIAN DOLLAR
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CDZ5 O=94 HI=20 LO=85 CL=00

A gap lower took 8600 out of play initially. Later in the day we climbed above it and then broke back down thru it. I sold one at 8596 and got stopped out at 8603 losing $70. I'll play 8600 again tomorrow; that was the close today.
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4: DECEMBER SWISS FRANC
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SFZ5 O=33 HI=42 LO=24 CL=32

A gap lower of almost 50 points made short work of 7760. I'll watch again tomorrow to see what goes on. We are sitting on some very big support from the weekly chart.

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5: DECEMBER MINI RUSSELL 2000
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ERTZ5 O=1.00 HI=7.30 LO=0.10 CL=5.30

We started the day buyinf a break above 672 at 672.40. I exited at 676.00 for a nice start to the day, $340. I bought 676.50 and got stopped out at 676.00 losing $50. We then sold 675.50 and exited at 673.30 for $220. I bought 674.30 and exited at 673.80 losing $50. Next up I sold 673.70 and exited at 672.10 for $160. I bought 672.40 and bailed at 674.00 for $160. I quit there totally out of gas. There were easily another 4-6 trades that conformed to our numbers and look like they'd have been contributors to the day's take. The full array from TT for tomorrow.
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6: DECEMBER GOLD
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GCZ5 O=9.70 HI=1.70 LO=8.20 CL=9.30

Nothing today. $10 Channel tomorrow. Looks promising.
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7: DECEMBER COTTON
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CTZ5 O=.60 HI=.30 LO=.40 CL=.24

I'll stay with my number looking to sell the retest of 54.50
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8: DECEMBER COCOA
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COZ5 O=93 HI=11 LO=88 CL=01

A gap lower open leapfrogged our number. We climbed back close to it at the day's high of 1411. The next candle was too far gone for me so I just let it go. I really wanted to sell it but the best I could get was 1406. I'll stay on 1413 for tomorrow and be willing to trade it either way.
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9: DECEMBER CORN
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CZ5 O=2.07 HI=2.09 1/2 LO=2.05 CL=2.08 3/4

Nice little bounce to titilate the bulls. I'll take a stab at 2.10 tomorrow. I'll buy a break above it or sell a failed retest. Stop is back a penny and a quarter.
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10: DECEMBER WHEAT
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WZ5 O=3.50 1/2 HI=3.52 LO=3.45 1/2 CL=3.48 3/4

After the big move Friday it came as no surprise we back tracked some. If we get a retest of 3.50 tomorrow that fails to punch higher, I'll sell it. Again, stops back a penny and a quarter.