NFA Forex Dealer Dead Pool

[Forex Troglodyte]

That is a very solid idea. In fact, if you investigate the website further, you will see that every Wednesday evening between 8PM and 9PM New York Time, signals are posted for the following day at: Wednesday's Free Forex Picks for that very specific purpose. This of course, allows anyone to verify their validly before making the decision to join us.

We provide this upfront information due to claims and testimonials regarding past results being meaningless as they can be doctored to look like anything you wish and thus almost impossible to verify.

As far as posting our signals every day… that would certainly be less than fair to our Neanderthal Brothers and Sisters who have had the confidence and insight to join our clan.

So check out the Wednesday signals. We welcome your scrutiny.

By the way, we posed the original validating question to “forexsavior”, one of your other identities over at Forex Factory and we were promptly banned and the thread pulled by some fellow named Twee.

As we see your similar handles with identical threads in several forums, it’s obvious you are a very involved player at this... and with some very valuable information we might add.

Perhaps you could use your influence over at Forex Factory to have us reinstated from the unjust ban so that we may have a free exchange of ideas over there just as we’re having on these other forums.

One final thought… when you discover Cavemanforex is valid, we believe a retraction of your baseless and scurrilous accusations would be appropriate. You might even want to pony up the $89.

Regards,
Cavemanforex Support

Originally Posted by forex scholar

Forex Troggy feel free to post your signals here on this thread so that we can all judge your signals for ourselves!

[forex scholar]

Originally Posted by Forex Troglodyte

That is a very solid idea. In fact, if you investigate the website further, you will see that every Wednesday evening between 8PM and 9PM New York Time, signals are posted for the following day at: Wednesday's Free Forex Picks for that very specific purpose. This of course, allows anyone to verify their validly before making the decision to join us.

We provide this upfront information due to claims and testimonials regarding past results being meaningless as they can be doctored to look like anything you wish and thus almost impossible to verify.

As far as posting our signals every day… that would certainly be less than fair to our Neanderthal Brothers and Sisters who have had the confidence and insight to join our clan.

So check out the Wednesday signals. We welcome your scrutiny.

By the way, we posed the original validating question to “forexsavior”, one of your other identities over at Forex Factory and we were promptly banned and the thread pulled by some fellow named Twee.

As we see your similar handles with identical threads in several forums, it’s obvious you are a very involved player at this... and with some very valuable information we might add.

Perhaps you could use your influence over at Forex Factory to have us reinstated from the unjust ban so that we may have a free exchange of ideas over there just as we’re having on these other forums.

One final thought… when you discover Cavemanforex is valid, we believe a retraction of your baseless and scurrilous accusations would be appropriate. You might even want to pony up the $89.

Regards,
Cavemanforex Support

Alright Caveman, in the interest of fairness, I'll take you up on your offer! I'm calling it "The Caveman Challenge."

[Forex Troglodyte]

Originally Posted by forex scholar

Alright Caveman, in the interest of fairness, I'll take you up on your offer! I'm calling it "The Caveman Challenge."

Dear Mr. Forex Scholar,

Though we do not know who you are, or your true motivations, you seem to be a stand-up guy and appear to be one of the few voices in these forex forums with an open mind and a genuine concern for the average trader out there, so we’ll go out on a limb and trust you to report on this endeavor accurately and honestly.

With the “Caveman Challenge” being subject to only the Wednesday results, this would have to go on for 15 weeks or more. While we enjoy the publicity, the dialog in these forums, for whatever reason, seems to lean towards “unpleasantness” on this subject, so we don’t see how dragging it out that long will benefit anyone. To shorten up the challenge we have decided to take you up on your original offer.

As discussed earlier, posting the daily signals in the forum is not fair to our existing clientele. We will, however provide you personally for the next 3 weeks with the daily signals/results under the following 2 conditions.

1. Should our daily signals, prior to the market they refer to, turn up on any forums, we will terminate the challenge.

2. As you can see from the Wednesday results, not every day is a winner nor could one realistically expect that. We all know there are going to be negative days in this or any other market. To that end we would ask you to refrain from reporting on the results till the Friday close of each week.

As we have no idea how many forums you are involved with, in the interest of complete fairness, we will leave it up to you to inform the people who follow your posts in all the forums you participate in.

There will be no signal for this coming Friday June 6, 2008 due to the US Employment Situation report coming out which, as I’m sure you know, produces unpredictable swings in the price on the first Friday of every month. We also do not trade on days with scheduled FOMC announcements, next one being June 25th 08, for the same reason.

All we need is a way to get in touch with you.

Sincerely,
Cavemanforex.com

[forex scholar]

Originally Posted by Forex Troglodyte

Dear Mr. Forex Scholar,

Though we do not know who you are, or your true motivations, you seem to be a stand-up guy and appear to be one of the few voices in these forex forums with an open mind and a genuine concern for the average trader out there, so we’ll go out on a limb and trust you to report on this endeavor accurately and honestly.

With the “Caveman Challenge” being subject to only the Wednesday results, this would have to go on for 15 weeks or more. While we enjoy the publicity, the dialog in these forums, for whatever reason, seems to lean towards “unpleasantness” on this subject, so we don’t see how dragging it out that long will benefit anyone. To shorten up the challenge we have decided to take you up on your original offer.

As discussed earlier, posting the daily signals in the forum is not fair to our existing clientele. We will, however provide you personally for the next 3 weeks with the daily signals/results under the following 2 conditions.

1. Should our daily signals, prior to the market they refer to, turn up on any forums, we will terminate the challenge.

2. As you can see from the Wednesday results, not every day is a winner nor could one realistically expect that. We all know there are going to be negative days in this or any other market. To that end we would ask you to refrain from reporting on the results till the Friday close of each week.

As we have no idea how many forums you are involved with, in the interest of complete fairness, we will leave it up to you to inform the people who follow your posts in all the forums you participate in.

There will be no signal for this coming Friday June 6, 2008 due to the US Employment Situation report coming out which, as I’m sure you know, produces unpredictable swings in the price on the first Friday of every month. We also do not trade on days with scheduled FOMC announcements, next one being June 25th 08, for the same reason.

All we need is a way to get in touch with you.

Sincerely,
Cavemanforex.com

a fine idea. but why don't we keep it simple for now and fully transparent with the public. see my post above

[forex scholar]

My recent post questioning the validity of Caveman forex’s signals stirred up a chest thumping response from the Cro-Magnon community and like the cavemen from those Geico commercials they are up in arms over the stereotypes the Savior heaped upon them.

Therefore, the Savior has agreed to give the Cavemen a chance to defend their honor. I hereby am announcing “The Caveman Forex Challenge.”

Every Wednesday between 8-9pm Eastern Standard Time Caveman Forex posts a free trade off their signals:
http://www.cavemanforex.com/WednesdaysFreeForexPicks.html

The Savior will be placing these trades on his own Hotspot demo account to test the validity of the signals and the Savior will report the outcome of the trade the following day. The Savior will do this for several months (let’s say three) and then officially give Caveman Forex either the Thumbs UP or Thumbs Down sign.

Alright you homo erecti, the whole trading community is watching you now. I’m giving you guys more publicity than you have ever had before so this is your big chance or else it’s back to caveman’s crib for you!

http://www.youtube.com/watch?v=8QlG2Nmp8og

[Forex Troglodyte]

Originally Posted by forex scholar

My recent post questioning the validity of Caveman forex’s signals stirred up a chest thumping response from the Cro-Magnon community and like the cavemen from those Geico commercials they are up in arms over the stereotypes the Savior heaped upon them.

Therefore, the Savior has agreed to give the Cavemen a chance to defend their honor. I hereby am announcing “The Caveman Forex Challenge.”

Every Wednesday between 8-9pm Eastern Standard Time Caveman Forex posts a free trade off their signals:
http://www.cavemanforex.com/WednesdaysFreeForexPicks.html

The Savior will be placing these trades on his own Hotspot demo account to test the validity of the signals and the Savior will report the outcome of the trade the following day. The Savior will do this for several months (let’s say three) and then officially give Caveman Forex either the Thumbs UP or Thumbs Down sign.

Alright you homo erecti, the whole trading community is watching you now. I’m giving you guys more publicity than you have ever had before so this is your big chance or else it’s back to caveman’s crib for you!

http://www.youtube.com/watch?v=8QlG2Nmp8og

Agreed… a level playing field is all we ask.

We can either do it with Wednesdays over the next 3 months or every day for the next 3 weeks. It’s all the same… your choice.

You had us scratching our collective uni-brows with your delayed response so with the interest of putting this to bed in a timely manner, we sent the last two trading days signals “prior to the market” to Sweet Pip.

We felt her post #262 on 5/30/08 over at babypips.com indicated to us and everyone watching that she was a person with integrity who does the proper due diligence and was certainly on the skeptical side.

The last 2 days results can be seen at Password Protected Page

Now for those of you reading this, who think this is a contradiction regarding our feelings on posting past results, re-read the above paragraph. The 2 emails Sweet Pip received from us with the past 2 days signals are time stamped and were sent, we repeat “prior to the market”. I’m sure she will post them for verification if needed.

The above link is password protected. The password is “truth”.

Mr. Savior, if you choose to go Daily vs. Wednesdays, than this will be for your eyes only and the password will be changed as soon as you let us know where to email you the new one.

The signals for the following day will be posted there by 9:00 PM Eastern.

We thank you in advance for informing all who are watching on your various forex travels.

Btw … re: cavemancrib… those guys are just actors... real cavemen were Birkenstocks.

Sincerely,
Cavemanforex.com

[scorpion]

The password "truth" (with or without quote) doesn't work.

Anyway, why don't you start a new MetaTrader demo account somewhere, trade the account using the signals, and tell us the investor's user name and password so that anyone can follow the results. This way we have a 3rd-party broker to confirm that the signals are good to trade. Just an idea...

[forex scholar]

The here has been a lot of pissing and moaning about the new law requiring forex dealers to have $20 million in adjusted net capital to stay in business.
Yet very few of the firms now affected by the law seem to have done much to stop it or modify it. At some point you have got to take responsibility for your own business. Everyone in the industry knew about this law. Yet where were the company press releases? Where was the organized lobbying? As Bob Dole once said "where's the outrage?!"

No. Instead you could hear the crickets chirping in the forex industry. Everyone acted as if nothing was going on. The response from smaller brokers seemed to be "maybe if we're real quiet they'll leave us alone." If Washington only hears the NFA's side of the story well then that is who they are going to believe.

If you want to blame someone for the passage of this law, blame the Forex Dealer in the mirror.

"Forex Dealer In The Mirror"
I'm Gonna Make A Change
For Once In My Life
It's Gonna Feel Real Good
Gonna Make A Difference
Gonna Make It Right . . .

As I, Turn Up The Collar On
My Favourite Winter Coat
This Wind Is Blowin' My Mind
I See These Forex Dealers In The Street
With Not Enough To Capital to Meet
Who Am I, To Be Blind?
Pretending Not To See Their Needs

A Summer's Disregard
An unregulated IB shop
And A One Money Manager’s Soul
They Follow Each Other On
The Wind Ya' Know
'Cause They Got Nowhere To Go
That's Why I Want You To Know

I'm Starting With The Forex Dealer In The Mirror
I'm Asking Him To Change His Ways
And No Message Could Have Been Any Clearer
If You Wanna Make The Forex World
A More Competitive Place
Take A Look At Yourself
And Then Make A Change

(Na Na Na, Na Na Na, Na Na,
Na Nah)

Forex Dealers Been A Victim Of
A Selfish Kind of Love
It's Time That They Realize
That There Are Some with No
Adjusted Net Capital
Not A Nickel To Loan
Could It Be Really Me,
Pretending That They're Not Alone?

A Willow Deeply Scarred,
Some trader's Broken Heart
And A Washed-Out Dream
They Follow The Pattern Of
The Charts, Ya' See
Cause They Got No Place To Be
That's Why I'm Starting With Me!

[forex scholar]

Caveman Forex Challenge: Week One

Week one of the Caveman Forex Challenge is in the books. Our friendly neighborhood Neanderthals gave out 12 free trades last Wednesday. It was not one of Caveman’s better weeks according to their own grid which shows them losing -5 pips overall on all their trades. However, due to risk/reward ratios and a slightly different price feed that resulted in the Scholar making money on a trade the Cavemen lost on we made a $348.39 profit overall in our demo account as four trades went in our direction and four trades went in the other direction.

Tonight a new batch of trades will be published. You can find them here if you wish to play along: http://www.cavemanforex.com/WednesdaysFreeForexPicks.html

CFTC Update: I have not heard anything yet about the new forex dealer rules. However, CFTC should be releasing their net capital report this week. Stay Tuned.

[forex scholar]

Last year Finex was investigated by the SFBC in Switzerland, however, they were not closed for fraud as was indicated in a post titled “The Dead Pool Graveyard.” It appears that Finex was bought out by Varengold FX thus bringing the investigation to a close. Details of the merger can be found here:

http://download.varengold.com/varengold.de/download/VG-Finex_Press_Release-us_customer.pdf

The Scholar regrets the error.