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James16 is not credible

  • #241
  • Sep 8, 2010 4:01pm Sep 8, 2010 4:01pm
I don't know what you guys want from here, bottom line is James helps many people for free, and helps many people for money, supporting a thread that is calling for James to close his thread that helps many people for free is not good for anyone.

Some of you on here appear to be sane, some not so sane, but I'm sure most of you agree that the free site does help people.

Arguing if him charging money to teach is a scam is ridiculous, even if he never has traded, he's a damn good teacher, and just becuase you have a good teacher, doesn't guarantee you success in any field, when it comes down to it, you have to do it yourself in the end.

If anyone else has good advice where to go, pls post, the nobrainer thread seems good that somebody posted earlier, anyone else got threads that newbs might learn from?
  • #242
  • Sep 8, 2010 4:20pm Sep 8, 2010 4:20pm
Quoting Mr Smith
If anyone else has good advice where to go, pls post
The best advice I could possibly give is to stop wasting time reading trading forums.

Close your browser, open up your charts, and start doing some work

You can come back here in a few years, for the entertainment, and to learn a bit more about how the weakest hands think and operate.
  • #243
  • Sep 8, 2010 4:27pm Sep 8, 2010 4:27pm
[quote=
If anyone else has good advice where to go, pls post, the nobrainer thread seems good that somebody posted earlier, anyone else got threads that newbs might learn from?[/quote]

http://www.nobrainertrades.com/
No man is smart, except by comparison to those who know less!
  • #244
  • Sep 8, 2010 5:14pm Sep 8, 2010 5:14pm
Dragon You are wrong, you come across as hurt and angry and I suspect it is because you do not have the grit to learn to trade for yourself.

(If you did have then you could learn it all from J16. Easily. I and many others have. Then you wouldnt need to waste time with threads like this)

Also you ask the wrong questions, I thought one big sign of a scammer was that they do actually showing bank/trading statements. Many do that rather than reveal their (non existant) understanding of trading.
Big accounts don't mean they can trade. They just place opposing trades in two different accounts and only show the winning statements.
It fools the dumbasses out there.

As for Jacko, his thread was missing something far more important than statements. It was missing charts and even any technique that he could show on charts.



Quoting onlydragon
7 reason James is a SCAMMER

1) James have a same common like any other swindles: no bank’s statement , no tax audit …. Although he said he’s a profitable trader (how profit? Who knows?)
All you guys hear from these scammers is promise , promise and promise

2) James16 alike Jacko : both have a lot of loyal fans in FF , both are partner of FF, both are honorable trader in FF in many years ….. and yes both have no bank’s statements
........
If you can wait and not be tired by waiting...
  • #245
  • Edited 7:19pm Sep 8, 2010 5:47pm | Edited 7:19pm
Quoting alter
I dont think James16 or Jacko sites were scams. Its like if u go to cinema u have to pay for it and after 2 hours u know that the movie was disappointing and u just lost 5EUR. What would u say about cinema , are they running scam?
I was member of james16 site for couple of months and I lost couple of thousands but not because it was scam, it just didnt work for me. There were about 600 people during that time so I suppose its sound bussines model, but most of them probably dont make any money (or worse). U need to be very carefull what u are buying...
If James16 site is not profitable for months as above quoted, why there are still so many members there? Not sure why it is so hard to post some live statements. I came across a site called Forex Samurai which allows your MT4 account to duplicate their trades with their EA for a fee, and they post a live statement for you to see whether their trades are really making or losing money. It is just one link, that simple and any one can make a wise judgement if the method being promoted is sound or not: http://www.mt4i.com/users/fxsamurai

Why is it so hard to post such statements. If James16 or his site don't want people to see their own private statements, they can (for the money they make in monthly fees) set up a small live account (say, 1k or 5k) and post their trades with explanation to its members. This way, a member can gauge how good the trading method is, particularly if the statement runs for months or years. That is what I will do if I want to sell my service. It is almost a moral obligation to prove to others that the service you are promoting and charging a fee has a verifiable track record. The thousands lost by above poster can be saved (perhaps) if the method he follows is not profitable and he can see it before hand. However, I don't rule out the method of using PA or TA can make money. But PA & TA alone is not sufficient. I am more a student of Forex moves influenced by economic fundamentals. Perhaps combining James16 method with the current economic/market sentiments or themes can generate more consistent winning trades.

I am not saying James16 is not credible. He seems honest and a good as well as respected teacher with many followers. His method must have produced some good results for people to hang around. It is also very unfair to link him in any shape or form to Jacko, who is a proven scammer running away with people's life savings. James 16 is only running a trading school of sort for a fee and not managing others' money. Most education places demand a fee (and do you get your money's worth for paying for general education like a liberal arts degree? LOL). So be fair in our discussion and I won't tarnish any one's reputation without ground. I feel bad that James have to take such pounding, just because he is a big name here and Jacko is such a huge disappointment/disaster to many.

Thanks James for the invitation. I will take it up but I will send you my statement to back up what I say. Perhaps with your PA, my result can push up above what I have achieved. However, I trade 8+ years already so I probably won't need all those long & wordy posts on pin bars and candle sticks formation. Hehe.
  • #246
  • Sep 8, 2010 5:52pm Sep 8, 2010 5:52pm
Trader KGB, your first post in here is a very good one. James16 have been an unquestionable for skepticism around FF for quite some time because of the popularity.

I also see the aspect of mixing your family in marketing as very sleazy but then again it could only be cultural differences.

Also, here is a definition of hobby: something a person enjoys doing (usually frequently) in his/her spare time and not for pay.
Measure twice, cut once
  • #247
  • Sep 8, 2010 6:15pm Sep 8, 2010 6:15pm
The written word is very subjective.

However everything else aside, (and seeing as I've been showing my @$$hole in public quite a bit today), if I've learned anything from some of the most inspirational people (and hardest task masters) in my life, it is that [usually]:

 

  1. A hobby costs money.

  1. A business makes money.

That's why the business of 'trading' this [or any other] market can never be a hobby, or should ever be treated like one.

Perhaps it was just a bad choice of phrase on James' part, who knows.

As always, just my humble opinion*
*(read: @$$hole)

Peace, best wishes and good trading to all. Hope this gets sorted out eventually.

Carpe Divitiae
  • #248
  • Sep 8, 2010 6:46pm Sep 8, 2010 6:46pm
For what it's worth...

Those saying he makes 80 grand a month given the number of members seen there, bear in mind that after one year membership is free - so the number of members online or in total does not reflect current monthly income.

James says not much of the money reaches his pocket, and he pays 10 figure monthly salaries to his teachers. I was subscribed to the forum last year (canceled after one month) and got the distinct impression from what I saw and heard that James didn't come around much, though whether that was just temporary I don't know. Either way if he isn't around much then he does have to keep his teachers there, otherwise his "students" will leave. So it makes sense that his teachers receive a good chunk of the fees, and yes, it makes sense that he (a supposedly successful trader) would charge monthly fees to the students, in order for it to be a self sustaining business/hobby (gotta pay those teachers, they won't work out of altruism). Although if most of the fees go to the teachers and not his pockets, what's the incentive for James to keep the place running? If it genuinely is a pet project of his, and he's happy to see it sustain itself without his help or even input too often now that the teachers pretty much run the place, well I guess that is entirely possible.



Having said that, I think pin bars are a load of rubbish as they are defined among other things by their open and close, which are absolutely arbitrary prices - it's where price just happened to be at that specific point in time, which has no bearing on whether the market is bullish or bearish (see Mr Smith's earlier post about the pin bar with a bearish close). And consider that nothing actually opened or closed at the open or close except the candle on your screen...
  • #249
  • Sep 8, 2010 7:12pm Sep 8, 2010 7:12pm
very close to the truth on some of these points.

i dont spend a lot of time on the site but i do spend a lot of time via email with people. both from the free thread and the group.

the site is huge and has enough good material to keep someone busy for months. it probably has 300 hours plus of videos and that might be low. its a community folks.

the group has never had more than 350 paying members at any one time. it has much less than that now.

why? because i dont care how many members it has. ive never cared.

it does have a lot of lifetime members that completed there free year and are free for life.

if i was actually serious about it making money dont you think i would run it like every other forex site? geez.

what do you think would happen if i took fxcm's offer to partner with them? or how about fxdd or half a dozen others?

could i get to a 1000 members in a flash? i dont need the hassle folks because i can print money with my trading. been printing money for longer than some of you have been alive.

20 or 30 grand a month is pocket change to me. live with it or dont, i could care less.

i pay people what i do for helping me help people lost in the dark in this business.

i love and appreciate all of them. they are decent and kind people unlike many on this forum these days.

its my passion and i wont quit just because the world is full of losers.

the group and my free thread are my babies and like any father i will fight when someone threatens them.

like me? great. hate me? great.

i could care less.

im gonna keep on keeping on helping people try to find some success in this business and guess what?

there aint a damn thing any of you j16 haters can do about it.

want me to teach you how to build an account? i can do that if you give me all your effort and about 6 to 12 months.

ive been doing it better than any other site on the net for 5 years.

print this in stone!

i will never ever ever respond to an attack on me again.

this is it.





Quoting eurotrash
For what it's worth...

Those saying he makes 80 grand a month given the number of members seen there, bear in mind that after one year membership is free - so the number of members online or in total does not reflect current monthly income.

James says not much of the money reaches his pocket, and he pays 10 figure monthly salaries to his teachers. I was subscribed to the forum last year (canceled after one month) and got the distinct impression from what I saw and heard that James didn't come around much, though whether that was just temporary...
  • #250
  • Sep 8, 2010 7:25pm Sep 8, 2010 7:25pm
Quoting james16
...i dont need the hassle folks because i can print money with my trading. been printing money for longer than some of you have been alive.
= Business

Quote
i pay people what i do for helping me help people lost in the dark in this business.
= Hobby

Quote
like me? great. hate me? great.
= Marmite

Guess it's a bit of both then?

Just as a parting note, to me the funniest thing about threads like this, is that people actually think 'James16 Group' or yourself somehow 'invented' or came up with Price Action/Technical Analysis trading such as pin bars, outside bars, inside bars... Go figure

As before, hope this all gets sorted out. All the best.
Carpe Divitiae
  • #251
  • Sep 8, 2010 7:54pm Sep 8, 2010 7:54pm
Actually James states clearly often, that Pring coined the PINBAR
  • #252
  • Sep 8, 2010 8:18pm Sep 8, 2010 8:18pm
Bullshit JACKHOLE

Your pin bar is the mimic of the candlestick pattern and all your shit you sell for everyone , i can easily find on internet for free or buy a book is cheaper, more original and reliable than you...

Come on scum bag, at least show me your fake statement rather than have nothing , you think that's easy to fake it? with 30 years trading thousands of orders, let's everyone verify

or your fucking TAX AUDIT

and it's your multi-million dollars business so stop talking crap here

anyone know the address of this one?? We should contact FBI , let them verify for us if he keep fucking around here


  • #253
  • Sep 8, 2010 8:30pm Sep 8, 2010 8:30pm
Quoting Mr Smith
Actually James states clearly often, that Pring coined the PINBAR
Actually, Pring did not discover anything, they have been called other names for centuries, the Japanese call them shooting stars or hammers depending on the location...the Australians call them kangaroo tails...this is not something new.
  • #254
  • Sep 8, 2010 8:36pm Sep 8, 2010 8:36pm
Quoting onlydragon

anyone know the address of this one??
The registration details of both of his businesses are posted earlier in this thread. There's a nice picture of the house on google maps, and lots of interesting information about the various other businesses registered at that address.

People are so dumb, they deserve to be screwed.
  • #255
  • Sep 8, 2010 8:39pm Sep 8, 2010 8:39pm
He credits martin ping, among others, on the first page of the thread...
  • #256
  • Sep 8, 2010 8:48pm Sep 8, 2010 8:48pm
I once emailed James about a price action pattern he gave a tutorial on the private site, and I asked if he invented it because I had never seen it in a book or online... He replied to me saying that it has existed for many many many years before......

He isn't taking credit for inventing PA lmao.... he's just presenting it in a fashion that makes sense, and the FREE THREAD, THAT IS FREE FOR EVERYONE TO READ, AND COSTS NOTHING, is open for anyone to go read up, and post charts, also many people go on there and create their own variation of J16 trading, and they give their input too....

So go cry that someone is "not credible" when that person only has rare input into a thread that he simply created.... most of the charts now come from newbies, and are then analyzed and verified by people like Mike and Jarroo.... If you follow the thread, and take trades, you will learn the method at some point, maybe create your own version of it.... for free....












....for free....
Many choose unhappiness over uncertainty.
  • #257
  • Sep 8, 2010 8:49pm Sep 8, 2010 8:49pm
as always i get sucked in. i have more than two businesses and i have more than one house. actually i have homes in more than one state.

do you mean this one razzle? no because google hasnt gotten to the one i live in yet.

come see me some time.

if you live in my area shoot me an email and i will be glad to have one or two of you that i know come over for a drink or two some saturday night.

how about you tubguy you live close? i would be honored.

you see razzle people like you will never win against people like me. you make things up and try to tear people down because your miserable with your own life.

people like me are what makes the world right. i tell the truth and i try to lift people up and as a result my life is happy.

even you if you would allow me.


Quoting Razzle
The registration details of both of his businesses are posted earlier in this thread. There's a nice picture of the house on google maps, and lots of interesting information about the various other businesses registered at that address.

People are so dumb, they deserve to be screwed.
Attached Image (click to enlarge)
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  • #258
  • Sep 8, 2010 8:52pm Sep 8, 2010 8:52pm
Quoting Razzle
The registration details of both of his businesses are posted earlier in this thread. There's a nice picture of the house on google maps, and lots of interesting information about the various other businesses registered at that address.

People are so dumb, they deserve to be screwed.
Explain how James is screwing people, I still don't understand this?
  • #259
  • Sep 8, 2010 8:55pm Sep 8, 2010 8:55pm
anyone know how to contact FBI????

he said he is profitable, we need FBI come and verify his tax audit in his 30 years


  • #260
  • Sep 8, 2010 8:56pm Sep 8, 2010 8:56pm
Hi all...

well another day goes past ....and still nobody has put there hand up to say they had an financial issue with James16..

Some are now bring up the topic of a trading method that did not work for everyone...well thats trading....

Beginning to sound like some have an issue with james16 and want to use the forum to attack him.....

there are a few in the Commercial area that should be under question....but as long as nobody is screeming foul play.....thats it..

I have said it the past.....I thought the Commercial section was a bad idea......and I still think that is the case..

Maybe a thread needs to be added.....so people can complain about any particular Commercial Trading on FF....and keep the area clean of threads like this one..but people can still have there opinions...Based on Facts of course....no speculation.

Angler
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