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Correct, when you buy a currency future you are "locking in" the forward interest rate. When you buy spot, you are long the floating rate. It can go up or down. Hence why it's a swap. The arb is done through the interest rate market. If you can trade the 30 day swap at better prices...

No, they need to be fungible for the arb to exist. Trading the future against the cash creates a forward interest rate swap. That becomes your position. The forward swap is not an arb, it's an actual position in rates.

Right, these jobs were always geared towards younger people who just needed a part time job in high school or college. When McDonalds started out and Walmart as well, these were never jobs that were suppose to be targeted towards adults. It's just that out government has screwed things up so...

See, even in 2011 we had ominous news events....

About that selloff....

Sometimes it's good during a journey to take a step back and see how far we have come. :)

Yes RedDuke, I remember you. It was the same day I met Surf's soon to be wife. I'll remember the dinner invite. :)

Yes, BNO.

Oy vey, where to begin here. OK kids, here we go. First of all, let's start with correlation does not lead to causation. These people are not on welfare BECAUSE they work at mcdonalds or walmart, they are on welfare despite it. They were on welfare before walmart hired them and they will be...

Yeah I got out at the monthly A up. I don't scale with stocks or commodities. With FX I do.

That's NOT what Chris Matthews tells me on MSNBC. Or quite frankly, any liberal.

Yeah I've had guys ask me on here why I would give this away. And my only response is...give what away? There are no secrets here. No magic formulas. No Illuminati. All you really see here is a lot of really hard work. And you'll notice I try to re-enforce that vs giving out magical...

Absolutely. You can take almost any failed A trade just because the risk to reward is usually very attractive. My only rule is I won't take them in a confirmed number line. Natty's number line was flat going into that trade so the price action was NOT confirming the weakness in price.

A down was 94.55. But the real sale was the failed A up around 95.40. As long as we are below that QTR A down, the failed A entries are great sales and great risk to reward trades. The monthly A down is 92.30. That could be a nice long entry though for a bounce.

Nice quick 25 cents in natty gas off that failed monthly A down right to the monthly A up.

Hey Ricter, some facties for ya..... http://www.winnipegsun.com/2013/03/11/69-increase-in-black-population-in-federal-prisons Blacks make up 2.5% of the Canadian population. But there seems to be a "little bit" of a problem with black incarceration there. But yeah, there is a lot of...

Ricter, has it occured to you that the large "French" population is primary reason Canada can be even remotely called ethnically diverse?

Ouch! That might leave a mark. On a side note, I have NEVER heard anyone speak of diversity in Canada. They are probably whiter then Norway now.

What was the point of this post?

So trade the futures. What gives? You even get margin relief for the spread.