Reporting trades from 2/20/08.
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1: MARCH 30 YEAR T BOND
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USDH8 O=11524 HI=116-05 LO=115-07 CL=115-29

We continued the run south as economic reports out this morning
were slightly better than expected. Together with some comments
from FED members had the market in a mood to discount recession
talk and focus more on inflation.

I sold 115-14 shortly after the open and exited at -07 for $218.
We almost got low enough to let us play 115-00 but not quite. A
play of the quarter at -08 would have worked nicely. I bought
115-19. I didn’t like this trade from the start. In fact, I almost
didn’t take it as I felt we’d been on a bit of a long run. I exited
at 115-31for $375. I next bought at 116-03 and was stopped at
115-31 losing $125. I did 2 sells at 115-28 and got stopped at
116-01 losing $156 on one and BE on the other. I bought 116-03
once and was stopped at 115-29 losing $187. I made a net $125
on the day.

A very disappointing gat to say the least. On the bright side I
kept my discipline and kept the day positive. At least that reinforces
the confidence level in the methods we employ.

For Thursday we’ll watch 116-16, 116-00 and 115-16 for first
action.

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2: MARCH CANADIAN DOLLAR
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CDH8 O=9922 HI=9890 LO=9802 CL=9873

Dang it. We had the numbers so pegged. Problem is it did the break
of 9880 in the wee hours of the morning. It was a thing of beauty.
I thought the retest to 9802 was good enough to play so I bought
9807. I exited at 9828 on a pullback from just above 9830 for
$210. I missed a sell on the break below 25 but wasn’t too worried
by it. We retested 9800 again … or close enough at 9802 … I bought
9807 a second time and exited at 9825 for $180. I thought I was
entitled to a fill closer to 40 but you can guess how that conversation
went.I bought 9827 as we climbed above 9825. I could’ve had my
stop at 23 or 17 I chose 23 since we’d favorable moved some. I got
stopped at 9820 on a real violent spike lower for a loss of $70.
Naturally it took off to 9870 shortly thereafter. Not only did I suffer
the loss but it deprived me of an opportunity to get back in … so a
double whammy you could say. That’s why we call it trading and
not winning.

All the weekend numbers for tomorrow, Thursday

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3: MARCH SWISS FRANC
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SFH8 O=9096 HI=9107 LO=9076 CL=9102

I never got hooked up with the SF today. I watched the open of
RTH ready to go at 9100 but it happened really quick and I had
other fish fryin’ as well. I did nothing here but will sure be looking
for a resolution at 9100. Nice little triangle shaping up. It may
have happened already since we’re now at 9070. We’ll see at the
open.

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4: MARCH MINI RUSSELL 2000
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ERTH8 O=706.40 HI=712.90 LO=694.30 CL=711.70

The market saw tough sledding early as some caution krept into the
mindset of traders. I sold the break of 700 at 698.80 and closed
it at 697.10 for $170. I held this a long time in the overall scheme
of things. It just would not move so I gave up to tell the truth. I
sold 699.40 and exited at 695.10 for $430. I tried to buy the 698
break but couldn’t get it done until the 700 break. I bought 700.60
and exited at 699.50 losing $110. I bought 700.50 and patience
paid a dividend. I exited at 707.90 for $740. I sold 707.40 and
exited at 705.10 for $230.

I closed down at that point. The focus had diminished.

All the weekend numbers are in play.

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5: MARCH MINI $5 DOW
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EYMH8 O=12255HI=12465 LO=12230 CL=12429

I was waitin’, poised to go off at 12200. It didn’t get there but it
came close. I took a stab at selling 12400 late in the day. I made
lunch money and that was it.

Stay on the Weekend numbers.

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6: APRIL GOLD
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GCJ8 O=930.60 HI=949.20 LO=916.10 CL=937.80

I bought 921.50 and exited at 924.80 for $330. I couldn’t get
back in again until 930. I bought 931.50 and exited at 937.80 for
$630. I was gone from trading by the time 940 showed up.

There was almost $300o in play today. We got about a third of
that. We did good, not great, but good. Sure I would have liked
a bigger piece of the available pie. We had a little bad luck in
the way that the price flow played out today or it could’ve been
a much bigger day.

I’ll play 940/950 tomorrow if given the chance.