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  1. W

    Can anyone explain this IB trade?

    I don't know about the platform specific issue you're having, but when you buy/sell the USD amount it leaves your P&L as a residual in the other currency. The 30 CAD is (0.9907 - 0.9895) * 25,000. You can leave your P&L in USD by "freezing" the foreign currency amount on the exit leg. So...
  2. W

    Experienced Traders Please take a glance: Identify this system or methodology...

    Agree with MGJ - the entry is a garden variety breakout. Exit looks like a short term trailing stop.
  3. W

    Is a Bloomberg worth it?

    I think you'll find Bloomberg to be vast overkill if you are primarily involved in short-term trading of stocks/futures. Aside from news, it has its roots in the fixed income world - and has a lot of complex tools that are useful for FI investors (particularly) and dealers. Its also pretty...
  4. W

    CQG and data

    CQG is a data provider themselves. You should be able to arrange a trial if you contact their sales group (cqg.com). WharfRat
  5. W

    Fed Cuts Discount Rate to 5.75%, Cites `Downside' Risks

    The target rate applies to the interbank market. The discount rate is the rate at which banks can borrow directly from the Fed. They are probably trying to send the signal that they will make sure the banking system remains funded, but don't want to appear to be "bailing out" asset markets...
  6. W

    Trading gbp/jpy trough major pairs???

    You'd sell 10 million GBPUSD and sell 19,775,000 USDJPY, so the notional USD exposures would cancel out.
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