"Tom's Trades" for Friday, October 28, 2005

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"Tom's Trades" for Friday, October 28, 2005
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1: DECEMBER 30 YEAR T BOND
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USDZ5 O=1-27 HI=2-00 LO=1-15 CL=1-26

We sold -28 and got stopped at -25 after we failed to get lower than -23 picking up 3 ticks, $93. We sold -29 and stopped at -21 for 8, $250. Next I bought -20 and stopped at 25 for 5 more, $156.

With the close at 111-26 we'll be on 111-16 and 112-00 tomorrow.
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2: MARCH 06 EURODOLLAR
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EDH6 O=.305 HI=.325 LO=.270 CL=.290

I closed the trade at 95.275 on Wednesday walking away with $437. I probably won't trade the ED again until after the FOMC meeting on next Tuesday. I look close at it over the weekend.
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3: DECEMBER CANADIAN DOLLAR
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CDZ5 O=66 HI=04 LO=38 CL=57

It got back to our 8560 number but did it at the end of a long downside run so I left it alone. We'll play 8460 as per TT and add 8560, 8440 and 8520 to the mix. Sell only at 8560.
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4: DECEMBER SWISS FRANC
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SFZ5 O=29 HI=15 LO=19 CL=90

I bought 7886 and exited at 7905 for 19 points, $237. I bought 7884 and exited at 7894 treating 96 as a test of 7900. Out with $125. Same TT numbers and 7880 for tomorrow
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5: DECEMBER MINI RUSSELL 2000
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ERTZ5 O=0.00 HI=0.30 LO=4.40 CL=7.20

We began selling 636.50 on the break of 637 and exited at 631.00 for $550. I bought 632.50 and exited at 631.50 giving back $100. I bought 632.50 and exited at B/E. Next we sold 631.50 and exited at 629.00 trying to get out at 628.10 on a OB play. Moving too fast. We'll take the $250. next we sold 629.50 and exited at 625.50 again on an attempted OB play. Out with $400. Exercised the $1000 quttin' time. All the numbers tomorrow
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6: DECEMBER GOLD
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GCZ5 O=5.50 HI=7.80 LO=4.50 CL=5.60

Nothing for us either day. $10 channel tomorrow.
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7: DECEMBER COTTON
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CTZ5 O=.00 HI=.10 LO=.10 CL=.23

I sold 52.95 and exited at 52.35 for 60 points, $300. I decided not to give it the usual 30 points as the sideways trade about 12:30 to 1:00 pm was a pretty convincing whisper. We'll go again tomorrow with the same array of numbers from TT.
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8: DECEMBER COCOA
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COZ5 O=20 HI=28 LO=07 CL=15

You might have done the 1410 buy late in the day. I was too preoccupied to do anything about it as the Russell was keeping me handcuffed at the time the alarm went off. Same TT numbers for tomorrow.
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9: DECEMBER CORN
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CZ5 O=1.98 1/4 HI=1.98 1/4 LO=1.97 1/2 CL=1.97 3/4

Watching only.

It's a wonder every family farmer doesn't just slit his wrists. I think, next to Native Americans, the family farmer is the most outrageously treated group of people in this country. When some ex-hippy from the 60's can make more money growing herbs on an acre of ground than a family farmer can growing corn on 300 acres ... well, something is just wrong to my mind.
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10: DECEMBER WHEAT
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WZ5 O=3.24 1/2 HI=3.26 1/2 LO=3.22 CL=3.24 1/2

Wednesday we sold 3.26 1/2 and exited at 3.23 1/2 for $150. Today we sold 3.26 1/4 and exited at 22.1/2 for 3 3/4 cents, $187. We'll stay with the same numbers for tomorrow, 2.22 1/2 and 3.26 1/2.