"Tom's Trades" for Wednesday, October 5, 2005

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"Tom's Trades" for Wednesday, October 5, 2005
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1: DECEMBER 30 YEAR T BOND
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USDZ5 O=3-23 HI=4-04 LO=3-21 CL=3-30

The open at 113-23 followed by the quick pop to -21 wasn't enough of a test of -16 to allow us to buy there. Thta turned out to be the defining moment of the day. Getting shut out cast sealed our fate for the day. We made a nice run from there to 114-04, the high of the day, I didn't buy at -03 as it came at the end of a big run and had shown signs of weakening in the previous 2 candles. Near entering final hour I sold 113-29 and was stopped at -27 for 2 measly ticks.

The close at 113-30 has us watching for plays off 114-00 and 113-16 again tomorrow.
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2: MARCH 06 EURODOLLAR
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EDH6 O=.420 HI=.470 LO=.420 CL=.435

I managed to survive the bounce to .470, barely. We wound up settling at .435. I'll watch closely tomorrow for a whisper to warrant an exit. If by some miracle we break .400 tomorrow I'll roll my stop to .405 as the beginning of an exit squeeze. I'm rolling the stop to .455 on the open.

We have to regroup around structure to initiate anything new.
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3: DECEMBER CANADIAN DOLLAR
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CDZ5 O=84 HI=85 LO=38 CL=50

A little gap at the open took us too far below 8600 to trade. We never looked back on the journey lower from there. Nothing done. I'll stay with 8600 and also place 8500 in play either way, buy or sell.
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4: DECEMBER SWISS FRANC
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SFZ5 O=48 HI=49 LO=28 CL=34

Nothing happening here either. I'm watching here until we get something definitive.
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5: DECEMBER MINI RUSSELL 2000
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ERTZ5 O=5.00 HI=8.10 LO=4.50 CL=4.80

Crazed day. We started off selling 675.70 on the break of 676. I exited this trade at 673.70 when the momentum dried up and we went stagnant for about a half an hour for $200. I tried to sell the 674 break but couldn't get a number above .50 so I let it go. Next we bought 674.40 and exited at 675.90 for $150. I sold 675.70 and got out at 674.10 for $160. I bought 674.50 and exited at 677.20 for $270. Next came a sell at 677.60 and out at 675.30 for $230. I next sold 675.50 and out at 673.30 for another $220. Then came a sell at 671.70 which I bailed on at 668.10 for $360. We then sold 667.60 and banked at 665.00 ending the day adding $260. Our total for the day $1850. That MAY be the best single day performanace to date.

The full array from TT for tomorrow.
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6: DECEMBER GOLD
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GCZ5 O=1.80 HI=2.00 LO=7.40 CL=9.30

I bought 471.50 and knew it wasn't right almoist from the moimute I placed it. I got out at 471.20 losing $30. I sold 468.60 and was stopped at B/E. $10 channel tomorrow if it shows.
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7: DECEMBER COTTON
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CTZ5 O=.95 HI=.95 LO=.00 CL=.05

The good news is is it went right to our target; the bad news, it didn't give us the entry. We settled at 53.05 so we'll attack from 53.00 tomorrow. Buy it or sell it.
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8: DECEMBER COCOA
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COZ5 O=02 HI=05 LO=81 CL=83

Close, but nothing. We'll play 1370 tomorrow either way.
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9: DECEMBER CORN
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CZ5 O=2.06 3/4 HI=2.06 3/4 LO=2.04 3/4 CL=2.05 3/4

I'm an observer tomorrow.
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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

Too whacko for me, I'll watch tomorrow.