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Not if I'm a US citizen, right? ;)

Actually, no. His Day 7 needs to be reversed: Day 7: LONG GBP/JPY Then Day 14 would be correct as shown: Day 14: SHORT USD/GBP The direction of one individual currency out of the two must remain the same at each step.

No, in fact, looking at my daily records (screen shots), I've done lots of trades with "CITI-FX" on IDEALPro as far back as July.

Yeah, I know that you get a 1099-INT. Oanda case is specifically addressed in the penultimate paragraph of my first reply. Not sure what your point is here. The other case is addressed in the last paragraph of my first reply. By saying that I had no first-hand experience with such dealers...

And Citibank.

Yes, it is explained clearly there, and, as always, devil's in the details: http://www.interactivebrokers.com/en/accounts/accountProtection.php?ib_entity=llc SIPC protection up to $500,000 per customer -- great, most reassuring to have that, especially in the post-Refco world. However...

Electric, Have you seen this essential guide for US forex and futures traders from last year's (April 2004) Futures magazine? http://www.greencompany.com/EducationCenter/GTTRecCurrency.shtml#futuresmag Let me quote a key part, just in case. ******************** "Here is a good...

2cents, have you ever locked in the obvious arb against ACM in a case like this, here by shorting cable on Hotspot?

Well done! A more meaningful number, though, would be not your average daily pip gain, but your average daily % gain. As you know very well, that little sucker, in turn, depends on leverage employed. 1:1 --> 100 pips ~= 1% (actually, 0.6 - 1.3%, depending on the currency pair) 10:1 -->...

There are quite a few, such as most ECNs. Cable spread is normally 2 at COESfx, 2-3 at IB (both ECNs) and 3 at Oanda (not an ECN). GBP/JPY is 5-6 at IB and 6 at Oanda. Also, keep in mind that each GBP/JPY pip is worth about $8.27 per lot, not $10.

Thanks, def. OK, so, it is #2 from my original 3 theories. I can certainly wait another week. Look forward to what should be a great feature.

Bert, thanks for the reply to my question. Nope, don't see it there. Under "Trading Access" menu, all I get are these 3 options, same as always: Market Data Subscriptions Professional Status Alert Notification Would someone from IB comment on the availability of Papertrader to everyone...

So, where (under which menu / sub-menu of Account Mgmt.) would I find an application for IB Papertrader? I don't see anything like that yet, after logging in. Could be because 1) it's the weekend, as maxpi mentioned above; 2) the beta rollout hasn't reached my account yet; or 3) Papertrader...

Well, I've no problem with your daily downline, as that longer-term downtrend in cable is obviously still intact. However, I was referring primarily to the 2- and 4-hour timeframes over the last couple of weeks, where cable has been slowly but surely struggling to retrace (to the upside), in my...

The hourly uptrend line may indeed have been broken, but it would be considered a minor trendline. Take a look at the higher timeframes.

I was curious what information exactly has enabled you to form the conclusion that it's a "good book"? It's not out yet. Or are you judging a book by its cover?

Yep, calling this "penalty" a slap on the wrist would be an exaggeration and an insult to good honest slaps everywhere. The range of potential sanctions on p. 5 strikes me as exceptionally weak and largely symbolic as well. Interesting reference on p. 2 to 34,000 retail customers vs. all...

Molvania aka Mulvania... oh sure... that's where Mulva is from. :D

Enough numbers for the most numbers-driven fellow: http://www.mataf.net/en/analysis-volatility.htm

One of the most important things that really matters is Expectancy: % wins x average win + % losses x average loss. Disregard breakevens for this purpose. Another thing that really matters is your frequency of trades. How many at-bats do you get per day, week, month, quarter, year...