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Where can I learn more about Price Action like those in James16 charts? 9 replies

Some help with James16 thread

  • #21
  • May 3, 2010 2:27am May 3, 2010 2:27am
Quoting domino
well a website costs maybe 100 bucks to run to maybe 300 bucks.
You're right. ...If it was a copy and paste website, like many learn to trade sites are.

You're doing a good thing warning people. It's needed. But if you went and took a quick check of the site and the membership signup page you'd see James actually tries to talk people out of signing up just about. lol
Bundy's status today: "Waiting..."
  • #22
  • May 3, 2010 2:31am May 3, 2010 2:31am
Quoting domino
dear pinbar i am also in awe of how accurate people say they are in an online forum where they can change there name if caught blowing an account or whatever.....
for example you can ask yourself why if someone is so amazingly accurate whose trades are awe inspiring why does he charge 1000 dollars to teach this on his Private forum.. im not saying that he isnt a good trader youll never know for sure.. I could make one trade on a 1M account and make the sum of these people buying into my training...
curious,
are u trading a 1M account?
whose changing names & charging $1k?
Thanks
  • #23
  • May 3, 2010 2:38am May 3, 2010 2:38am
Quoting AQs
I wanna start to understand price action but, I think I don't have enough knowledge to understand that thread.
So... what I need to know to study the thread?
I read babypips if it help...
Maybe I should read some more specific before start... I don't know, I'm waiting for some advices
* BabyPips School
* Read the stickies in the Rookie Section
* Two books - Pring on Price Patterns & Trade Your Way to Financial Freedom
* read the first 500 pages of the J16 thread
* participate in the thread.

After all of that, then think about joining.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #24
  • May 3, 2010 2:39am May 3, 2010 2:39am
Quoting supremeChaos
curious,
are u trading a 1M account?
whose changing names & charging $1k?
Thanks
Don't bother, the guy's been taking cheap shots at J16 since he joined the forum.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #25
  • May 3, 2010 2:43am May 3, 2010 2:43am
I haven't been all the way through this sites "Learning Center", but from browsing parts it seem they've done a good job. I think they are going head to head with BabyPips School. One more thing to check out.

http://www.fxstreet.com/education/learning-center/
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #26
  • May 3, 2010 4:19am May 3, 2010 4:19am
If I may just butt in with a general query: I wonder how many traders have made the same experience which has been bugging me from day-one. Which happens to be about 6 months ago, so I am not exactly a beginner. And by the way, if it was as easy as all that trading Forex, you'd think everyone in the world would be doing it.

Now this is what my six months of experience have taught me: that no matter what position I take & having of course studied in depth according to all the wisest principles, no matter what, I will be kicked out of it before the pair moves in the direction I expected.

Which leads me to suspect that someone out there is watching me. Perhaps in the cosmos in outer space, or else back on earth in the trading-room of the broker I am dealing with. Because it wouldn't matter if I set my stoploss at 15 or 50, sometime within the first half-hour or so that stop will be hit. The price will then turn & move in exactly the way I wished & hoped. But of course, with me left out in the cold.

Only once, very early in my shortlived career, did I manage to take a 500-pip profit over the weekend. The strange thing was that being a beginner, I had forgotten to set a stoploss.

Just wondering, does anyone else have a similar experience?
  • #27
  • May 3, 2010 5:01am May 3, 2010 5:01am
Quoting domino
dear pinbar i am also in awe of how accurate people say they are in an online forum where they can change there name if caught blowing an account or whatever... do not fall into hype judge everything with a careful eye things in this industry are not alwayswhat they seem to be or even near 50% of what they seem.... for example you can ask yourself why if someone is so amazingly accurate whose trades are awe inspiring why does he charge 1000 dollars to teach this on his Private forum.. im not saying that he isnt a good trader youll never know for...


Are you trying to suggest the James 16 group is some kind of a con?
It seems so from your constant bellowing about James 16 and even the system they use. What's you Agenda here? Are you paving the way to yet another paid site and want to show how cool you are while denouncing tried and tested systems and those that teach it.

I personally know the James 16 site is the best educational site anyone can ever hope for. I say this as, I was a member of the private forum but got into a bit of a scuffle with Jim over something silly really but, I can say this for sure. I learned more about trading in the single month I was over there than the nearly 2 years of study and indeed than another private site is offering.

The material on the J16 site is tried and tested and they have probably saved thousands of people of going through agony and blowing their accounts, while teaching them how to trade several methods with sound entry and exit rules. Not only that, but the people that teach at J16, go out of their way, way out of there way, to help new people.

Yes, they charge a monthly fee but, when they have people available almost 24 hours a days 7 days a week, we can expect that it is a paid service.
The same people constantly help new people in the FF free thread for nothing more than a thank you, and very often not even that.

Anyway, new people should ignore this guy's drivel about J16, if they really want to learn to trade successfully.

Beware of the snake oil salesman telling you the doctor's medicine is not real.
Starting to see instead of just looking.
  • #28
  • May 3, 2010 5:29am May 3, 2010 5:29am
He has a guest area at the website with some videos that help to clarify how they trade.

For anyone who doubts mentors, those who ask for a small amount of money to compensate for the time to first of all get the ball rolling and then to continue to provide a service, get your heads out of your proverbials.

If no one charged you for knowledge then where would you get it from. These people who take the time to set up sites that help are NO different from the AUTHORS who charge you to buy there books. As with that, there are many useless, regurgitated books out there they cost a small penny, just as I am sure there are some useless mentors who fail. The responsible thing to do as a Proactive person is to either do your research and/or join up for a short period of time. If an author presents a very poor book the chances of you buying another book from them are much lower than if you had a positive experience. Likewise with the websites.

If I was trading over a million dollars and wished to devote some of my spare time to helping a few others then I am going to charge them for my time irrespective of whether I could make 10x the monthly amount in 1 trade. It is the PRINCIPLE of the fact that my time demands an income and whether I charge for the time is my choice, yours is to either pay for the service or not and I am sure that everyone would feel that way.

It is the ones that expect something for nothing that generally fail. Just try to imagine for 1 moment how much you would have learnt if nothing was printed and sold. If people like Gann, Elliot, Crabel ect didnt share there works unless you approached them. Even then you would have had to pay for their time which I guess, well i guess you can see the circular nature of the problem posed.

My advise to the thread, is if you are having some demo success and you fill the requirements of James' then what is really the harm in joining for a month and seeing how well you fit in and what you get in return.

As I have stated before, I am not affiliated with the group in anyway, Im not even a member but I can see from my POV why people charge for there services and the benefits that you get from the group.

Razor
  • #29
  • May 3, 2010 12:23pm May 3, 2010 12:23pm
in reference to just about everyone.. Im simply warning him about the industry that he is stepping into .. this is quite possibly the shadiest industry.. simply because type of industry it is.. simply put people are looking for a secret.. they think if they know or learn that secret than they will go from 100 -> 2k in one month .. so they buy all these systems and robots.. and book material.. I can say that after trading for so long.. I cant really think of one book that Ive read out of a whole bookcase that was near 50% of the money I paid.. I can also say ive seen sites sell education for 5k that was no better than reading one of those books..

BUT IF YOU READ MY POST CLEARLY I AM IN NO WAY PUTTING JAMES DOWN.. I SAID I HAVE NO IDEA IF HE IS A GOOD TRADER BECAUSE I DONT KNOW HIM.

but I know what ive seen in this industry for about 7 years and I know that 99.99% of people who are pushed through stuff like this cant teach worth anything.. and at the end your shafted...

these people come rom the HYIP business 99% are crooks period.

Im not setting up for any promotion in the future for myself nor am I trying to denounce this forums guru but.. it is important for him to question things.. almost 98% of stuff youll read in this business is pure B.S. or not important to what you wanna do.
  • #30
  • May 3, 2010 7:21pm May 3, 2010 7:21pm
Quoting Alfie
If I may just butt in with a general query:...
Hi Alfie.

I think most traders go through that!
Post your trades over at the James16 thread for others to look at. Over a half a dozen trades or so a pattern usually emerges.

We see this all the time. Most of the time it's people trying to take trades in less than ideal locations. It's also a symptom of a small account and wanting to use tight stops all the time while over-trading. If you get in a bad run the psychological impact can cause problems.

If you post those charts up in the thread, at least those who have gotten through the major hurdles can identify where you might be going wrong.

Don't stress, at six months you've only just begun your journey.
Bundy's status today: "Waiting..."
  • #31
  • May 3, 2010 8:28pm May 3, 2010 8:28pm
Quoting domino
in reference to just about everyone.. Im simply warning him about the industry that he is stepping into .. this is quite possibly the shadiest industry.. simply because type of industry it is.. simply put people are looking for a secret.. they think if they know or learn that secret than they will go from 100 -> 2k in one month .. so they buy all these systems and robots.. and book material.. I can say that after trading for so long.. I cant really think of one book that Ive read out of a whole bookcase that was near 50% of the money I paid.. I...
In the end as you and many others will agree, there are no shortcuts and the journey of learning will cost you regardless of if its on mentors, authors or through the trial and error of ones self-esteem (making mistakes that cost money). Neither can be held higher than the other in my views as it will differ from person to person however it is up to the individual to find his/her own way. It will only be at that point they can progress because they have made the descision and therefore they are fully accountable for their actions and if those actions prove wrong then they will learn from that and move forward.

Razor
  • #32
  • May 3, 2010 11:11pm May 3, 2010 11:11pm
Quoting domino
in reference to just about everyone.. Im simply warning him about the industry that he is stepping into they think if they know or learn that secret than they will go from 100 -> 2k in one month .. so they buy all these systems and robots......
BUT IF YOU READ MY POST CLEARLY I AM IN NO WAY PUTTING JAMES DOWN.. I SAID I HAVE NO IDEA IF HE IS A GOOD TRADER BECAUSE I DONT KNOW HIM.
Quote
but I know what ive seen in this industry for about 7 years and I know that 99.99% of people who are pushed through stuff like this cant teach worth anything.. and...
...
...$100 into $2k in 1 month is possible. anything is possible.
...James16, i believe, has been trading for almost 30yrs.
...yes this industry is dangerous for any new people. the same is true with anything new to anyone.

I commend u for expressing concern for new people but it would be best that u dont go making blanket statements &/or pointing 'invisible' fingers.
  • #33
  • May 4, 2010 2:38am May 4, 2010 2:38am
Thanks Bundy for your advice. Most traders go through that .... that I can well believe!
Those tight stops.. I've been giving it some thought. Some of the long-term recommendations come with a 100-pt stop, and quite often they work! So far, what I try to do is pick something that's got the momentum going & jump aboard before it really takes off. Then raise my stop to where I can't lose money any more if they want to knock me off my perch. Haven't had much opportunity to use Trailing-stops, because like I said, I usually get taken out of the action sooner than I would like.

Thanks again
Alfie
  • #34
  • May 4, 2010 6:04am May 4, 2010 6:04am
Quoting Razor_trader
In the end as you and many others will agree, there are no shortcuts and the journey of learning will cost you regardless of if its on mentors, authors or through the trial and error of ones self-esteem (making mistakes that cost money). Neither can be held higher than the other in my views as it will differ from person to person however it is up to the individual to find his/her own way. It will only be at that point they can progress because they have made the descision and therefore they are fully accountable for their actions and if those actions...
Well said.
  • #35
  • May 4, 2010 7:38am May 4, 2010 7:38am
J16 off course but also strat i recomend.

The rest watch videos of martin pring and steve nison

Great teachers
  • #36
  • Edited 10:39am May 4, 2010 10:17am | Edited 10:39am
I trust you mean "of course"...
  • #37
  • May 4, 2010 11:22am May 4, 2010 11:22am
Quoting supremeChaos
...$100 into $2k in 1 month is possible. anything is possible.
And 100K to 2K is MORE possible! LOL
I'm pretty much done with all this ...
  • #38
  • May 4, 2010 3:19pm May 4, 2010 3:19pm
Quoting Ted1983
Here ya go
Thanks for your help.
The more experience the closer to the reality
  • #39
  • May 7, 2010 3:12am May 7, 2010 3:12am
Quoting StoragePro
And 100K to 2K is MORE possible! LOL
definitely.
u want proof of this? lol
  • #40
  • May 19, 2010 6:44am May 19, 2010 6:44am
Everything and anything is possible-depends on the individual!!
PA is where its at!!
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