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  1. S

    Outstanding article must read.

    Which is whoever holds the patent, copyright or trademark that they earned through the labor of their innovation. All others get busted for piracy, which isn't cheap (or shouldn't be).
  2. S

    Outstanding article must read.

    The rewards of innovation go mainly to the owners of the intellectual property (IP).
  3. S

    Bubble Up

    Some of my trades will be posted here in real time. The point being to see what can be learned through the exercise, if anything. The format will no doubt improve with trial and error. Posts will contain at least enough detail to establish whether each position is profitable. Forex at...
  4. S

    Japan DPJ Election Win and the Consequences for USD

    The Shanghai Composite Index dropped 6.75 percent after this.
  5. S

    Best Economist??? Milton Friedman vs Ludwig von Mises vs John Keyness

    Good topic for a thread. However the poll is pretty much useless, since there are a lot of kook activists out there who will pump up the numbers for the mythic leader of their movement, old school propaganda-style.
  6. S

    Japan DPJ Election Win and the Consequences for USD

    Yep. USDJPY down 1 percent since the news broke.
  7. S

    Japan DPJ Election Win and the Consequences for USD

    Corrected excerpt from the second linked article (same basic idea, except more so): --- Japan 'would avoid dollar bonds' BBC News 12 May 2009 Japan's opposition party says it would refuse to buy American government bonds denominated in US dollars, if elected. The chief finance...
  8. S

    Japan DPJ Election Win and the Consequences for USD

    Japan DPJ Election Win Brings 'Bloodless Revolution' Bloomberg 31 August 2009 The Democratic Party of Japan swept to power for the first time as the nation's voters turned their backs on half a century of single-party government that failed to reverse economic stagnation and spiraling...
  9. S

    Outstanding article must read.

    lol
  10. S

    Outstanding article must read.

    OP, I agree that without continued innovation, the American economy is in big trouble. What an extraordinary claim. Why do you say that? No, it's not a simplistic all-or-nothing proposition. The idea is to make protectionism work for you when possible. Leave it to the other guy (your...
  11. S

    Geitner: Auditing the Fed is a “line that we don’t want to cross”

    Absolutely. The entity, in this case We the People though our hired fiduciaries in Congress, that issues a charter has the power to revoke it also. Right.
  12. S

    Good place to heckle and shame the newb (fx)

    Yeah that sucks, but if your counterparty is also your "broker" and quote provider (lol), what do you expect? Conflict-of-Interest Bucket Shop™ "We love you long time."
  13. S

    Bucket Shop Arbitrage

    So at certain times these bucket shops can quote me a price and if I take them up on it they get to keep my account balance? Awesome business model!!! Another reason to stay with ECNs and futures.
  14. S

    Bucket Shop Arbitrage

    No scalping is involved. The arb is entered, and your gain locked in, when the spread between your bucket shops is (temporarily) wide. Later, when your bucket shops are quoting closer to each other, you exit, keeping the difference between the big and small discrepancies. Neither of your two...
  15. S

    Bucket Shop Arbitrage

    How would your bucket shops ever figure out what you're up to, given that each of them only sees one side of any given arbitrage?
  16. S

    Bucket Shop Arbitrage

    We seem to be talking about different things. Was yours an inter-broker arbitrage using a simultaneous buy and sell? Also, this isn't about one broker's prices lagging another's (due to technology limitations or whatever). The quote sequences are different, not merely time-shifted.
  17. S

    Bucket Shop Arbitrage

    No, since I don't use bucket shops. What I wish to discuss here is an as yet untested idea based on well-tested principles. I am taking for granted that there is a significant amount of truth to the persistent talk of "individualized" quotes by certain bad actors in the forex business who should...
  18. S

    Bucket Shop Arbitrage

    That would the case if every account got the same quotes (i.e. a single market), but in the wonderful world of rigged bucket shop forex this is not what happens. Enter: arbitrage opportunity.
  19. S

    Bucket Shop Arbitrage

    "Makes no sense ........ Once the trade is entered you do not want to wait for anything. You want to exit immediately for a profit." No, you don't. If waiting is what pays, then wait. The "risk-free profit" of the arbitrage is unrealized at first because you still have positions at the...
  20. S

    Bucket Shop Arbitrage

    "Yes all trades start with an entry - buy or sell - but how do you exit to take profit?" The simplest option, which I have already stated, is to wait for the divergence between your two bucket shops to diminish (better yet disappear) as will happen unless they are coordinating their prices...
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