Cabletrader , a shill for IBFX ? judge yourself..

[fluttrader]

The posts of cabletrader looked so familiar to posts made by another poster,Yoda_Glenn over at forexfactory, that I did some research (I was P.I. in a former life,guess, it's the nature of the beast) ,

here are the striking similarities :


1.) Accusing the people, who complain about the games played by forex brokers , of being conspiracy theorists

posts at elitetrader by cabletrader:

I'm not defending anyone really, I'm more dispelling the conspiracy theory, if retail forex marketmakers were dishonest thieving bucketshops (and some are!) I would have no hesitation in saying so.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1854410&highlight=conspiracy#post1854410

It's no big deal, contrary to the misguided conspiracy theorists among us he doesn't move prices just so he can collect your few bucks

http://www.elitetrader.com/vb/showthread.php?s=&postid=1854258&highlight=conspiracy#post1854258

until then it smacks of just another conspiracy theorist who couldn't make it in spot and needs to blame it on anyone except himself, there are unsubstantiated stories all over the net from similar people.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1848864&highlight=conspiracy#post1848864




And now the post,no, thread started by Yoda_Glenn at forexfactory :

I said I wouldn't take my thread out of context by arguing with the conspiracy theorist

http://forexfactory.com/showthread.php?p=1882986&highlight=conspiracy+theorist#post1882986





2.) Both Cabletrader and Yoda_Glenn need hardcore proof for the manipulation and games of the forex MM's

Cabletrader at elitetrader :

Bring some proof of all this manipulation that you say goes on and I'll listen, until then it smacks of just another conspiracy theorist

http://www.elitetrader.com/vb/showthread.php?s=&postid=1848864&highlight=proof#post1848864


Yoda_Glenn at forexfactory :

Can anyone prove broker fraud?

http://forexfactory.com/showthread.php?p=1882986




3.) Both of them argument that an honest market maker makes more money than a crooked one(which is false of course since an honest one ONLY earns the spread and a crooked one "earns" the money of the 90 % of traders that lose and plays games with the winners to minimize their winnings, this is MUCH,MUCH more than the small spread)

Cabletrader at elitetrader :

Ok, let's say you're a marketmaker (come on, play along, wear dark glasses and a wig so no-one recognizes you) 90% of your clients lose money consistently and 10% of your clients are consistently profitable.

The 90% take care of themselves pretty much (although even a stopped clock is right twice a day!), they don't need any help and their money is money in the bank for you. But there's always a risk with these novices that they're just crazy enough to bet the farm on some data or other and get lucky so to protect yourself you have a system of requoting and manual execution to prevent orders being filled at prices which basically don't exist in the underlying market. No problem, those suckers are nailed but they probably deserve it, forex is no place for the uninitiated. Among the 90% are a few jokers scalping a pip here and there using latency or some such tactic, no need to close their accounts because they'll probably lose in the end anyway but if they get too risky just put them on manual execution, you're not letting a few chancers take advantage. All sounds fair and reasonable so far.

The other 10% make some decent returns with some pretty decent volume from which you earn spread and of course shade, as well as having the convenience of the in-house liquidity they provide. You've got a couple of choices with them, do you screw them by running their stops, reversing their trades, and all the other dubious practices thereby burning their business, the revenue it produces, and your reputation in the industry, or do you run a book and hedge their trades with your liquidity providers? Which is the easier and more viable for you as a businessman?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=121999&perpage=6&pagenumber=9




Yoda_Glenn at forexfactory :

Also, I was wondering if anyone can answer me this: If Dealer A is honest, and his client goes onto to turn his mini account into a life long trading account, wouldn't he stand to make more money in the long run than Dealer B, who destroys his clients little mini account and loses his client for good? After all, Dealer A will not only retain his client, but he will continually pick up new clients and retain them, while Dealer B does just the opposite (loses and never retains business.) If every non-ECN broker is a cheat, then why wouldn't someone simply step in and become an honest broker, and make a killing? If I am misunderstanding something, please elaborate and let me know, I'm always open to learning.

http://forexfactory.com/showpost.php?p= 1875703&postcount=173




4.) The argument that traders who lose money blame it on the broker who plays games


Cabletrader at elitetrader :

until then it smacks of just another conspiracy theorist who couldn't make it in spot and needs to blame it on anyone except himself

http://www.elitetrader.com/vb/showt...121999&perpage=6&highlight=blame&pagenumber=3

Yoda_Glenn at forexfactory :

But there are more so a lot of traders out there who can not take responsibility for their own losses, so they blame it on the broker.

http://forexfactory.com/showthread.php?p=178136&highlight=blame#post178136



5.) Discredit the ECN model , WHY ? because as you see below our friend is from interbankfx who uses the MT4 dealing desk platform

Cabletrader at elitetrader :

And this is what makes me laugh when I read na�ve people saying they would never trade through a bucketshop marketmaker and advising people to only trade through a non-dealing desk or an ECN-style broker! They think they're better off somehow or have a level playing field.

MT4 brokers aren't the only ones to employ software like this, brokers aren't stupid.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=118174&perpage=6&pagenumber=2

Please don't tell me it's a mini-account with an ECN-style broker who promises your orders are all STP, lol

http://www.elitetrader.com/vb/showthread.php?s=&threadid=121999&perpage=6&pagenumber=7



No post by Yoda_Glenn at forexfactory since the ECN MB is advertising there


At forexfactory Yoda_Glenn presents himself as a trader who makes good money with IBFX , of course, a trader

Well, I know I'm making good money with my MT4 broker, IBFX

http://forexfactory.com/showpost.php?p=1892870&postcount=228

There are others at forexfactory who questioned his strong support for IBFX :

BTW Yoda, which side are you anyways?
a) The 90% Loser side?
b) The 10% Winner side?
c) The Broker Plug-in?

http://forexfactory.com/showpost.php?p=1878940&postcount=206

The answer to this is that Yoda Glenn is on:
d) Broker side

Most of his posts if you look at them have been just broker plug-ins. Now brokers or their IB's should have their say but at least they should identify themselves first.

http://forexfactory.com/showpost.php?p=1879007&postcount=208



Here at elitetrader Cabletrader profiles him as a “trader” who is trading with SUCH an honest market maker

I'll admit it took me a while to find one which was totally honest, you don't know what they're like until you try them, eventually I found a good fit.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=121999&perpage=6&pagenumber=3

You know what they say of the people who screamed the hardest that they are honest ..

Here is the reputable Francesc from fxstreet who questions this :

So from this document I can see that you forgot to mention FXLQ as a clearing/executing bank/entity for your trades when you answered my question. That omission has damaged my credibility as I trusted your word and now I´m being accused of not saying the truth.... and the truth is that they are right, I did not say the truth by then.

http://weblog.fxstreet.com/2008/02/open-letter-to.html

 

[brocklanders]

You have way too much time on your hands.

 

[fluttrader]

Quote from brocklanders:

You have way too much time on your hands.

Wow, 1 minute after my post , talking about having time on your hands

yes, I am retired , that's why

 

[Ivanovich]

I would request you respond to my PM, otherwise I'm moving this thread to chit-chat.

 

[brocklanders]

Quote from fluttrader:

Wow, 1 minute after my post , talking about having time on your hands

yes, I am retired , that's why

Yeah, I'm quick. Years of trading I guess.

 

[davidmaria1]

If I read those quoted posts, using a British accent in my head, it sounds even more convincing!! But, if I read only every other with an American accent, it's not as convincing. If I squint REALLY hard, and try to imagine Elizabeth Hurley tying Cables' words, then I'm convinced it's all a big waste of time trying to determine who is who (or whom, if we're using the Kings' English). Whoops, almost gave myself away.......wtf

 

[cabletrader]

Quote from fluttrader:

The posts of cabletrader looked so familiar to posts made by another poster,Yoda_Glenn over at forexfactory, that I did some research (I was P.I. in a former life,guess, it's the nature of the beast) ,


.....big snip.....HUGE!

lol, oh my God, I've got my own personal stalker!

fluttrader I'm really not sure what to say, it seems such a shame after all the time and effort you've put into your 'investigations' to just say it's the biggest load of bollox I've ever read so I won't say that.....ummm......great presentation, top marks, it's very neat and tidy! The content, well I haven't been through it but suffice to say I've never posted on forexfactory and I haven't a clue who Yoda_Glenn is!

I'm not qualified to make any sort of diagnosis but have you considered seeking some help, seriously, don't you find what you're doing just a little bit flaky to say the least?

 

[Ivanovich]

This post is just a flame war waiting to happen. I do not see it adding value in the Forex Broker section. Regardless of who Cabletrader is or is affiliated with, I've not seen him try to advertise or sell any service here.

Who he is or is not is irrelevant to the Forex Broker forum. I'm moving it to chit chat.

 

[cabletrader]

Quote from Ivanovich:

I'm moving it to chit chat.

I can think of other places to move it to

You're right, I've never endorsed any particular broker or marketmaker, in fact the only specific broker I've said anything good about is my pet hate, Oanda! And I'm not trying to sell anything, I've got nothing to sell (or worth selling some would say!)

Takes all sorts I guess, the guy seems to be enjoying himself and it's harmless enough.

I can't see any point in replying any further so he can be a one-man flame war all by himself

 

[fluttrader]

Quote from cabletrader:

I can think of other places to move it to

You're right, I've never endorsed any particular broker or marketmaker, in fact the only specific broker I've said anything good about is my pet hate, Oanda! And I'm not trying to sell anything, I've got nothing to sell (or worth selling some would say!)

Takes all sorts I guess, the guy seems to be enjoying himself and it's harmless enough.

I can't see any point in replying any further so he can be a one-man flame war all by himself

You only need an IQ of 70 to see that you are just an alias of Yoda_Glenn, anyway more to come about you saying one thing and doing another