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James16 is not credible

  • #301
  • Sep 9, 2010 11:35am Sep 9, 2010 11:35am
Yes, I see the point. To my knowledge, other then when he is pissed off and defending himself, I have not seen James touting his trading record a lot. Now if he is indeed making his trading record the main attraction for people to join, then that is a difference story. I just did not see that self promotion way back when I read his thread. That is why I have posted that he should stay away and let it be. If he continues to make the trading record an issue, than perhaps he is opening the door for demand for proof.

Quoting GubyIQ
OK, I do not agree with the way the thread starter posts...very bad english, big fonts and direct insults at j16 without no proof.

BUT, I find the idea behind this thread very legitimate. Anyone interested in paying those 129$ should read post #79. Trader KGB really sums up all the issues with j16 and maybe it should be made sticky.

And I wonder something else. How many members would have still payed jacko or j16 if they would have known right from the start that these guys are NOT profitable in their own accounts. OK, they present a strategy...
  • #302
  • Sep 9, 2010 11:50am Sep 9, 2010 11:50am
guys none of this is going to stop my free thread or the groups popularity because it produces sussesful and happy students.

everything in kgb's post is untrue or at the least out of context and thats the truth.

you can spend the rest of your life in this thread but its not going to change the fact that every single negative accusation in this thread about me is untrue.

LET ME REPEAT.

THERE HAS NEVER BEEN MORE THAN 350 MEMBERS AT ANY ONE TIME. THERE ARE FEWER THAN THAT NOW.

I STARTED TRADING STOCKS AND FUTURES IN 1982/83 AND THAT HAS BEEN STATED A ZILLION TIMES OVER THE LAST 5 YEARS.

MY PERSONAL TRADING IS ABOUT 60 PERCENT FUTURES AND ALWAYS HAS BEEN. THAT HAS BEEN STATED A ZILLION TIMES OVER THE LAST 5 YEARS.

I DONT MANAGE PEOPLES MONEY, I DONT GIVE TRADING SIGNALS OR LIVE CALLS. THAT HAS BEEN THE CASE SINCE DAY 1. THE ONLY WAY YOU CAN BUILD AN ACCOUNT LONG TERM IS TO LEARN TO DO IT YOURSELF. THATS WHAT I TEACH PEOPLE TO DO.

I TEACH PEOPLE A SIMPLE METHOD BASED ON A SIMPLE AND CLEAN CHART SET UP AND A FEW DECADES OF EXPERIENCE.

1. TREATING IT AS A BUSINESS.
2. PA
3. A SUPPORT AND RESISTANCE APPROACH THAT IS COMBINED WITH THE PA.
4. NOT TRADING LIVE UNTIL YOU PROVE IT ON DEMO FIRST.

THATS IT. PERIOD/PARAGRAPH.

cmon guys many of you are decent people and your above this.



Quoting GubyIQ
OK, I do not agree with the way the thread starter posts...very bad english, big fonts and direct insults at j16 without no proof.

BUT, I find the idea behind this thread very legitimate. Anyone interested in paying those 129$ should read post #79. Trader KGB really sums up all the issues with j16 and maybe it should be made sticky.

And I wonder something else. How many members would have still payed jacko or j16 if they would have known right from the start that these guys are NOT profitable in their own accounts. OK, they present a strategy...
  • #303
  • Sep 9, 2010 11:52am Sep 9, 2010 11:52am
You are right sir and i am.

Im done and i mean it this time.

You are a fair handed person win and i appreciate it.

Jim

Quoting wwwin
yes, i see the point. To my knowledge, other then when he is pissed off and defending himself, i have not seen james touting his trading record a lot. Now if he is indeed making his trading record the main attraction for people to join, then that is a difference story. I just did not see that self promotion way back when i read his thread. That is why i have posted that he should stay away and let it be. If he continues to make the trading record an issue, than perhaps he is opening the door for demand for proof.
  • #304
  • Sep 9, 2010 12:38pm Sep 9, 2010 12:38pm
Bleh,

If I was in the hot seat, and someone wanted me to show them my statements, I'd just post them so they would STFU already! atleast a few days worth.. nothing too revealing.

....

PS - Thats a beautiful home you have.. love the stone exterior.
lowest draw down possible please.
  • #305
  • Edited 1:46pm Sep 9, 2010 1:06pm | Edited 1:46pm
"Mr. Jones sir, this has nothing to do with Jim but with all due respect to you this is exactly what you said on the Jacko thread post #18

 Quote:
Wayne, I am deeply sorry for this and wish there was something I could do about it.

If this is how this place is going to be I cannot be a part of it.

bye guys, Scott
Coming from a senior member and ex-moderator like yourself there was pressure on Twee to bin the thread ...... which he subsequently did and in hindsight we now know fxterrapin was correct and Jacko just went on losing money.

If that thread hadn't been binned people who were thinking about investing in Jacko's fund or taking his mentorship might have been more cautious.

Lets forget about junior members but I'm sure you realize as a senior members at ff and as I mentioned above an ex-moderator what you say is held in very high regard by many. Do you believe it was correct for you to have made that statment without having actually verified for yourself Jacko's profitability?


thx "

Hi Fugly.

I took a couple of days to think about your statement and question here, because it just did not sound quite right to me. After careful thought, I now have an answer. Although, it is probably not the answer most people would like me to have.

The quote you placed was in regards to people maintaining a civil discourse, not the trading skill of Jacko. I am still very disappointed with the complete lack of civility on this forum of late.

As to the second part and your question, back in 2007, I had been following Jack and his trades. I then read his entire thread at DailyFX and was satisfied with his trading at that time. It made sense to me. I have never been a student of Jacko's, and would never give anyone money for a trading fund I could not get a legitimate address and visit a branch of the office in person. Even my Stock and comm. accounts and my Forex account are with brokers that have branches I can visit ( and have) if I wish.

Now this is the part that will sting. I really have never cared if I was or am held in any regard, what so ever. To be perfectly honest, I am not at all like James16. He wants newbies and experienced traders alike to succeed. I on the other hand do not care in the least if they succeed or fail. I trade for me and for me alone. I have never taught, and have refused to manage money from people on at least well over 50 occasions.

I came to FF to discuss trading with like minded people and enjoyed the discourse. I have never implied I care at all about newbies.

I became a moderator, because Merlin asked me to help keep spam off the forums and I enjoyed doing just that.

I have never been employed by FF and have never represented I was.
I am just me with what I thought at the time was a reasonable assessment of Jacko. Time now seems to paint a different picture of his motives.

So no I have no ill feelings that someone decided for what ever reason to invest in this or that fund. To give money to Jacko, or anyone else for that matter.

Back in my thirties, I lost about $43,000 on a bogus Real Estate deal. I did not blame anyone else. I was stupid and young and did not think it through. Unfortunately even to this day I do not see how I could have seen any signs that it was going to go belly up. Well, that's life, my life and it sucked, but I wised up from it.

I hope this makes my position clear to you.

Thanks for the question, and kind Regards, Scott

PS, On a lighter note, this pretty much sums it up.

http://www.theonion.com/video/in-the...nts-who,17966/
  • #306
  • Sep 9, 2010 1:13pm Sep 9, 2010 1:13pm
thank you.

it was a terrible mistake on my part getting involved at all.

i have nothing to prove to anyone.

my family loves me, im a succesful trader and business person and have been for many years.

i started a chart thread here 5 years ago when you never saw 10 people online at one time.

about 20 people asked me to start a small group service and i shuddered at the thought BECAUSE I KNEW THESE TYPES OF THINGS WERE COMING.

my little group has remained small and under the radar because i want it to remain small. i dont treat it anything like i treat my true businesses. thats the truth. i call it a hobby but if someone says its a busainess then so be it.

the friends i have made and the success i have seen from people due to the free thread and the group have been blessings to me beyond description.

they far outway the tough times ive had to endure due to mean and nasty people.

im a good person and i live my life everyday with the thought process of doing the right thing even when no one is watching.

when i look into the mirror in the morning i feel pride and love for myself.

im glad im me.



Quoting ehrek
Bleh,

If I was in the hot seat, and someone wanted me to show them my statements, I'd just post them so they would STFU already! atleast a few days worth.. nothing too revealing.

....

PS - Thats a beautiful home you have.. love the stone exterior.
  • #307
  • Sep 9, 2010 1:51pm Sep 9, 2010 1:51pm
Please note the similarity of answers between j16 in this thread and jacko`s in this one http://www.forexfactory.com/showthread.php?t=187432

First you have the constant mentioning of family, business and many years of succesful trading. Of course there's no shred of proof behind this affirmations.
Secondly, he doesn't recognise that in fact he's conducting a business here which incorrectly is presented as a hobby.

As I said in my previous post, there's nothing wrong with his free thread. But people are giving him money because they are induced to believe that he is a profitable trader because of that strategy. What I suspect and that was also the case of jacko, he is not profitable. And there is his 'crime'. Charging 129$/month (enough money to buy all the trading books you need) because he mislead newbies into thinking he is indeed profitable.

The burden of proof is with him now. He is charging the money, not me. If indeed he is as honest as he presents himself, he should be the one presenting proof that he's profitable using the strategy laid out in the free thread.

The difference is that j16 doesn't call trolls anyone who questions his affirmations.
The worst thing I can be is the same as everybody else. I hate that.
  • #308
  • Sep 9, 2010 2:12pm Sep 9, 2010 2:12pm
I wonder how many times the same thing is gonna be said on here, funny thing is, this thread probably has acted as advertising rather then a deterrent.
  • #309
  • Sep 9, 2010 2:15pm Sep 9, 2010 2:15pm
Quoting GubyIQ
Please note the similarity of answers between j16 in this thread and jacko`s in this one http://www.forexfactory.com/showthread.php?t=187432

First you have the constant mentioning of family,...


Again I am gonna ask.

Why do any of you people screaming about statements and how good he (James16) is really care?

What difference does it make?

They're any many that use what he teaches and make money from it.
In the end thats all that really matters.
  • #310
  • Sep 9, 2010 2:32pm Sep 9, 2010 2:32pm
Quoting james16
thank you.

it was a terrible mistake on my part getting involved at all.

i have nothing to prove to anyone.

my family loves me, im a succesful trader and business person and have been for many years.

i started a chart thread here 5 years ago when you never saw 10 people online at one time.

about 20 people asked me to start a small group service and i shuddered at the thought BECAUSE I KNEW THESE TYPES OF THINGS WERE COMING.

my little group has remained small and under the radar because i want it to remain small. i dont treat...
Hi brother,

I wonder why you care to this gray mind people and waste your time and energy !!! the best answer to them is no answer. stick to your business and thread.

Cheers
Nick
  • #311
  • Sep 9, 2010 2:32pm Sep 9, 2010 2:32pm
I care because I'm naturally bugged when I see injustice. I'm bugged when someone sells dreams. And if it's in my power to do something about it, I'll do it. It just gives me some peace of mind that at least the newbies have been warned.
The worst thing I can be is the same as everybody else. I hate that.
  • #312
  • Sep 9, 2010 2:38pm Sep 9, 2010 2:38pm
I am not saying that J16 should show his statement, but ehrek has been very straight to the point. Curious why J16 has not explained directly.


Quoting james16
thank you.

it was a terrible mistake on my part getting involved at all.

i have nothing to prove to anyone.

my family loves me, im a succesful trader and business person and have been for many years.

i started a chart thread here 5 years ago when you never saw 10 people online at one time.

about 20 people asked me to start a small group service and i shuddered at the thought BECAUSE I KNEW THESE TYPES OF THINGS WERE COMING.

my little group has remained small and under the radar because i want it to remain small. i dont treat it anything...
  • #313
  • Sep 9, 2010 2:40pm Sep 9, 2010 2:40pm
Quoting FXAdvice
Hi brother,

I wonder why you care to this gray mind people and waste your time and energy !!! the best answer to them is no answer. stick to your business and thread.

Cheers
Nick
Yes, perhaps no answer is better.
  • #314
  • Sep 9, 2010 2:49pm Sep 9, 2010 2:49pm
Quoting FXAdvice
Hi brother,

I wonder why you care to this gray mind people and waste your time and energy !!! the best answer to them is no answer. stick to your business and thread.

Cheers
Nick
Are you stupid? Should I post some of your signals that are so vague no normal human could use them.
  • #315
  • Sep 9, 2010 2:52pm Sep 9, 2010 2:52pm
Quoting GubyIQ
I care because I'm naturally bugged when I see injustice. I'm bugged when someone sells dreams. And if it's in my power to do something about it, I'll do it. It just gives me some peace of mind that at least the newbies have been warned.
Alright, what exactly do you see as injustice?

How are dreams being sold?


Personally, I see no active marketing. I have yet to see an ad or anyone
shouting about how, if you join the paid group your gonna make a ton of cash.

If you have, could you please show me where.
  • #316
  • Sep 9, 2010 2:53pm Sep 9, 2010 2:53pm
Quoting FXAdvice
Hi brother,

I wonder why you care to this gray mind people and waste your time and energy !!! the best answer to them is no answer. stick to your business and thread.

Cheers
Nick
You dont know its not business? Its hobby
  • #317
  • Sep 9, 2010 2:56pm Sep 9, 2010 2:56pm
Quoting Slack
Are you stupid? Should I post some of your signals that are so vague no normal human could use them.
normal human can but you i doubt
  • #318
  • Sep 9, 2010 3:03pm Sep 9, 2010 3:03pm
C'mon, folks, get real.

The forex world has apparently been rocked by the recent news about Jacko, but whatever Jacko has done has nothing to do with James16.

Moreover, there's a world of difference between soliciting money for a managed fund, and offering education. Perhaps ironically, there's a starting point for viable trading method in the first few posts of the Pleasure and Pain thread, if you're willing to develop the ideas further yourself.

I have no idea whether Jim makes money from his own trading, but I don't see why he should be under obligation to prove anything. Whatever you might believe, whether Jim is profitable or not ultimately has negligible bearing on how successful YOU will or won't be.

If you believe that it's an educator's responsibility to make you profitable, then you'll never succeed at this game. Trading is more than just an exercise in scholarship, it's a personal journey, a gradual sifting and honing of ideas, and hours of study and practise. Aptitude, stamina, dedication, patience and nerve are all integral to an individual's success, but these are existential qualities that can't be taught. No holy grail solution exists, hence no educator should be expected to provide one. The most you can ever ask of any educator is to shortcut part of your own learning curve.

Why not use the free J16 material as a starting point? Prove to yourself the extent (if any) to which the setups deliver some kind of directional bias. If the ideas have merit, develop them further. Test and integrate other compatible ideas. If you can't make them work for you, be willing to start over.

If you feel that the private forum might help you further, then weigh up the testimonials for yourself and make a decision. If you decide to pay the $129 and try it for a month, be willing to immerse yourself totally, to give it the best possible chance. If you pick up additional nuggets of insight, then it's money well spent. But if you're not prepared to risk $129 on that possibility, well, then don't. But whatever your choice is, take responsibility for it.

Bottom line is that, if you're not willing to risk time and money on learning how to trade profitably, you won't progress. Much the same applies with any enterprise: nothing ventured, nothing gained. You can either spend the money on vended education, gaining whatever you can from it, or lose it in a live account while you teach yourself.

Be realistic: think about exactly what it is that you're attempting. You're confronting a market that (to all intents and purposes) moves near randomly; and you're taking on the biggest banks, with their multi-million dollar R&D budgets, the most seasoned experts, and the world's most sophisticated trading algos, and trying to beat them all at their own zero-sum game. Given this, what outcome might you reasonably expect, even with the best possible education?

Finally, what's your primary goal: to become a profitable forex trader, or to become drawn into an endless and obsessive argument as to whether James16 (or educators in general) offer value for money or not?
-- If it's the former, what calculated risks are you willing to take to get there?
-- If it's the latter, how does it benefit you personally, and how exactly do you measure that value?
  • #319
  • Sep 9, 2010 3:08pm Sep 9, 2010 3:08pm
Quoting tubguy
Alright, what exactly do you see as injustice?

How are dreams being sold?


Personally, I see no active marketing.
I already told my point of view. I`ll repeat it. J16 presented a strategy in his free thread. That's fine by me, anyone can do that. But why is he charging money ? what are the newbies paying that money expecting to get ? More insight into that strategy from a guy who supposedly has 25+ years of experience and is profitable. But what if he is not ? And I suspect he isn't , otherwise he would've silenced the doubters a long time ago. Isn't he selling the dream that you could become a profitable trader with his strategy ?

Hope you get my point, I can't put it more clear than that.

About your second point. There isn't any active marketing per se. But ever since I joined this forum, there was constant mentioning of profitable big traders like J16 and jacko. Don't know exactly how did the ball start rolling, but it got to a point that the mere questioning of their success was akin blasfemy. I think now maybe is the time for all of us to ask: do you have proof that you`re profitable ? If not or unwilling to present one, then stop implying that. And stop charging money for selling dreams.
The worst thing I can be is the same as everybody else. I hate that.
  • #320
  • Sep 9, 2010 3:08pm Sep 9, 2010 3:08pm
First of all I don't understand what makes people think they have the right to demand someone's account statement. That's private information, I would never try to intrude in someone's private environment. Only in case of managed accounts or signal services it is understandable that the investor wants to see a track record.

James16 has helped many traders including me for free. And as he has stated, no matter what the trolls are saying about him, it won't stop him from helping traders for free.

So go ahead trolls, waste your time I won't be posting anymore in this thread as there are more important things in my life. Thank god I still have a life unlike many in here.
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