James16 Group vs Van Tharp | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Do A Thorough Self-Evaluation Before You Start Trading, by Dr. Van K Tharp 6 replies

MM by Van Tharp 13 replies

Discipline in Meeting Your Goals, by Dr Van K. Tharp 0 replies

Achieve Balance in Your Trading/Investing, by Dr Van K. Tharp 0 replies

Start Thinking In Terms of Risk-Reward, by Dr Van K. Tharp 0 replies

Attachments: James16 Group vs Van Tharp
Exit Attachments

James16 Group vs Van Tharp

  • #21
  • Jun 7, 2008 9:37am Jun 7, 2008 9:37am
Pick me

Well my dog died just yesterday and left me all alone.
The finance company dropped by today and repossessed my home.
That's just a drop in the bucket compared to that margin call,
And I'm down to seeds and stems again, too.

Got the Down to Seeds and Stems and Margin Called again Blues.
(Apologies to Commander Cody)

Actually, Pip Seeker - what you are offering is a very nice gesture to help another. I don't believe in that Karma stuff - but if it exists you got something good coming back at you.
In trading, there is no bullshit. You either make money or you don't.
  • #22
  • Jun 7, 2008 2:18pm Jun 7, 2008 2:18pm
I took the J16 stuff and tested it, didn't work for me, pin bars etc didn't get anywhere near 50% in terms of hit rate. Van Tharp apparently does not even trade, he made up all this stuff by 'thinking' about the markets, would you hire a driving instructor who just sat around 'thinking' about driving but didn't drive?
The breaking of a wave cannot explain the whole sea.
  • #23
  • Edited 8:40pm Jun 9, 2008 2:29pm | Edited 8:40pm
Interesting... I enjoy the humor that I guess I opened myself to with respect to sob stories...

Craig, 50% sounds like an inaccurate win rate. Perhaps a study of any old pin bar on a 4HR chart might yield that w/r, but one has to pick PA at areas where there is a good edge, not just every pin on the chart. But that 50% w/r alone doesn't tell us enough about a system's positive expectancy. If you have a 1:2 risk/reward you would be at breakeven with 50% wins, no? Anything above that and you are profitable.

Regardless, we all need to find what works for us as individuals, so I hope everyone does.
  • #24
  • May 17, 2009 7:43pm May 17, 2009 7:43pm
Quoting Craig
I took the J16 stuff and tested it, didn't work for me, pin bars etc didn't get anywhere near 50% in terms of hit rate. Van Tharp apparently does not even trade, he made up all this stuff by 'thinking' about the markets, would you hire a driving instructor who just sat around 'thinking' about driving but didn't drive?
Just saw this and found it surprising as I have been a member for a year, now a lifer.

I would question on how you applied your trades to get such a bad result and while you were a member did you post any of the bad PBs to get opinions from the more experienced members.

I vote for james 16 because I,m getting the results and can't comment on Van Thorpe as I havent even looked at his stuff.

The comment I would like to make is that in the time I have been with j16 group I have noticed that the traders who do have problems with getting good results is from their own undoing and lack of discipline as a trader or (straight out not understanding how to apply the rules.)
I actually think that a lot of traders have this problem and are to quick to blame the method rather then to look at themself and just move on in a starry eyed dreamland looking for the next holy grail.

The j16 group offers a great service to traders.
Easy to follow rules.
Moneymanagement and psychology
Ongoing education
A great back up service from senior members in the forums on any problems from platform issues to drinking to much on friday night.
Regular webinars which are recorded so can be viewed later if you can't be invoved in them.

I treat trading like a business and in any business I put a certain amount of time and money into education and my advice is that the j16 group has been the best investment towards my education in my 9 years of trading.
  • #25
  • May 20, 2009 9:18pm May 20, 2009 9:18pm
just wondering guys, does james16 cover trading on high time frames (daily, weekly)? due to my wage slave job i dont have much free time to sit at the pc.
  • #26
  • May 20, 2009 9:57pm May 20, 2009 9:57pm
Quoting smacko
just wondering guys, does james16 cover trading on high time frames (daily, weekly)? due to my wage slave job i dont have much free time to sit at the pc.
We start out trading at the higher TF's to aquire the basics. Give the thread a read if you want to learn trading the correct way.

K.I.S.S.
  • #27
  • Dec 19, 2009 8:12am Dec 19, 2009 8:12am
Just discovered Jim's video where he is a bit narked at people for not getting his tp and SL for these OB and pinbars.

I watched the first 5 mins of this and it hit me like a ROCK!

Man, this chap is good.

If you ever read this Jim, thanks for this.
Attached Image (click to enlarge)
Click to Enlarge Name: m15.jpg Size: 59 KB
Starting to see instead of just looking.
  • #28
  • Dec 19, 2009 8:18am Dec 19, 2009 8:18am
Quoting smacko
just wondering guys, does james16 cover trading on high time frames (daily, weekly)? due to my wage slave job i dont have much free time to sit at the pc.
If there's anything that is emphasized as hell at the group it's this - START OFF AT THE HIGHER TIME FRAMES

g.
I believe . . .
  • #29
  • Dec 29, 2009 5:40pm Dec 29, 2009 5:40pm
just read it and a big thanks to you sir.

im not good im experienced.

you learn the game by playing the game.

problem is the vast majority of people play this game with real money while learning. combine that with small time frames and its going to beat your ass.

been there/done that.

it doesnt work.

in 30 years i have never known it to work for anyone with that approach.

it can work if its treated like a business and built from large time frames down.

just my opinion of course and like i always say....

the only thing i know for sure is i dont know anything for sure.

jim





.




Quoting Rastaman
Just discovered Jim's video where he is a bit narked at people for not getting his tp and SL for these OB and pinbars.

I watched the first 5 mins of this and it hit me like a ROCK!

Man, this chap is good.

If you ever read this Jim, thanks for this.
  • #30
  • Jan 1, 2010 9:30pm Jan 1, 2010 9:30pm
Opie999 that is the funniest post I have read on forexfactory
  • #31
  • Jan 2, 2010 3:04pm Jan 2, 2010 3:04pm
I'm also a J16 member and can't praise it enough. Jim, Dial, and Fiji are great mentors. I wouldn't be where i am today without the group. By far J16 is the best value for your dollar.
  • #32
  • Jan 3, 2010 7:28am Jan 3, 2010 7:28am
Yes, I can now vouch first hand for the people on J16.

I have been a member for less than 10 days but have learnt more in that ten days than the 15 months I have been demo trading and teaching myself at baby pips. Just wanted to have a basic knowledge before I joined. Anyway, Mike has been really helpful and is getting me up to scratch ASAP.

Great site, even greater people.
Starting to see instead of just looking.
  • #33
  • Edited 7:59am Jan 3, 2010 7:45am | Edited 7:59am
Vantharp writes excellent books on my favourite subject which is trader psych. He teaches money management based on a fixed variable model (system that always works and produces consistent results forever - read "holy Grail").It is helpful as an understanding on how to protect your account but is limited when applied to system development in real markets. He does not trade himself. To compare him with the real market experience of Jim is laughable
BTC Return This Year: na
  • #34
  • Jan 7, 2010 7:04am Jan 7, 2010 7:04am
Quoting Rastaman
Yes, I can now vouch first hand for the people on J16.

I have been a member for less than 10 days but have learnt more in that ten days than the 15 months I have been demo trading and teaching myself at baby pips. Just wanted to have a basic knowledge before I joined. Anyway, Mike has been really helpful and is getting me up to scratch ASAP.

Great site, even greater people.
I'm assuming you need to know something about Forex to be in the group? Or can a Newbie jump straight in?
  • #35
  • Jan 7, 2010 1:44pm Jan 7, 2010 1:44pm
Quoting TimmyZ1
I'm assuming you need to know something about Forex to be in the group? Or can a Newbie jump straight in?
It helps to know the very basics, how to place orders etc., but you need not come with any prior knowledge of Forex or trading at all IMO.

Go through the J16 thread here at FF to get an idea of what the group is about.
  • #36
  • Jan 11, 2010 11:40pm Jan 11, 2010 11:40pm
Quoting FXTradeX6
Go through the J16 thread here at FF to get an idea of what the group is about.
i agree. people that like that thread almost never regret joining.

ive considered making it mandatory.

may still.

jim
  • #37
  • Jan 26, 2010 3:46pm Jan 26, 2010 3:46pm
Hey, I'm sure it's been linked somewhere in here, but could anyone link me to these two trading strategies you're talking about? James 16 and van tharp ?
  • #38
  • Jan 28, 2010 7:46pm Jan 28, 2010 7:46pm
Quoting Piggleop
...James 16 and van tharp ?
James16

the rest i let u search/read for yourself. having self-reliance will bring u to places, having none will get u nowhere.
  • #39
  • Jan 28, 2010 8:58pm Jan 28, 2010 8:58pm
Personally I'd go for Tharp every time.

Tharp isnt going to give you any answers (I suspect he couldnt trade his way out of a paper bag, and he's a complete charlaten), but he might just get you to start asking the right questions.
  • #40
  • Jan 29, 2010 4:47am Jan 29, 2010 4:47am
Quoting Razzle
Personally I'd go for Tharp every time.

Tharp isnt going to give you any answers (I suspect he couldnt trade his way out of a paper bag, and he's a complete charlaten), but he might just get you to start asking the right questions.
I don't know why people say he doesn't trade. Has anyone on these boards ever met him? I attended one of his three day stock seminars back in 2002 or 03. The co-presenter was a guy from California named Dennis Ullom who was the first person to complete Van Tharp's Super Trader program.

Van told us he trades, but it's really investments, long-term equities stuff, not what most of us FX traders do. I hit it off with Dennis and we talked quite a bit outside the class. He was a nice guy, very unassuming and low-keyed. He also told me that VT does long-term investments.

So, until someone comes along here and says they know for a "fact" that VT doesn't trade, you're all talking out of your asses, as usual.
0 traders viewing now