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James16 is not credible

  • #341
  • Sep 9, 2010 4:39pm Sep 9, 2010 4:39pm
Quoting wwwin
The only way to know if it is worth it or not would be to poll former members on whether it was worth the cost
Lets assume that J16 is a profitable trader on some level. If I'd paid $129 per month for a year, on the basis that the methodology looked credible enough to hold my attention, and motivate me to work through the materials, then I'd probably be reasonably satisfied with that situation even if I eventually concluded that the material was of no practical value.

On the other hand, if J16 wasnt a profitable trader, that would throw a completely different light on the situation. The materials presented might be the same, but I think I would be justified in feeling dissatisfaction, mainly on the grounds that if the originator of the materals cannot use that knowledge to trade profitably, then its unlikely that I could benefit from the same material.

I quite like some of the Van Tharp training materials, and its common knowlege that he cant trade, and he doesnt trade. That doesn't detract from the usefullness of the material, but at least any potential purchaser knows the deal upfront.

The jacko fiasco is a great example of how peoples perceptions can flip one hundred and eighty degrees in a heartbeat. If it where proved that J16 was not the profitable trader he claims to be, I can assure you dozens of the people who now defend his methods, would suddenly become his harshest critics. You know thats the case.

Conversely if it where to be revealed tommorrow that J16 is a multi billionaire as a result of his trading, who is now retiring to run for president, you can bet that critics would reavaluate their perception.

And that, is the basic problem, perceptions (both good and bad) are not being based on factual evidence, and so, they are likely to be unreliable. The value is current and ex members will be context sensitive.

30 days ago Jacko could do no wrong, and now people want to lynch him, but of course in reality, jacko today is exactly the same guy jacko was 2 years ago. Its just your perception that changed.
  • #342
  • Sep 9, 2010 4:40pm Sep 9, 2010 4:40pm
I posted my ej entry in this thread, closed half for 2:1 profit, the rest got hit for b/e.

I've taken more entries on EJ long, with a stop loss the same amount of money that I won on the 1 half closing, stops are at 105.92 at the moment, crazy down trend, so I'm not willing to risk much on this trade, but if we do manage to stay above 106 and this weekly pin comes into play, then I could be in a for a great ride, yea, i'll be starting some kind of blog or watever showing my entries as or shortly after I set them, most of them will be before they trigger.
  • #343
  • Sep 9, 2010 4:43pm Sep 9, 2010 4:43pm
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.
*taken off the james 16 group website*


You Should NOT Join the James 16 Group if:

You are looking for Live Trading signals or set ups. We may do this someday, but for now we are strictly an educational service.

You are looking for some self proclaimed guru to make you rich. I teach my 25 years of experience – nothing more and nothing less.

You are looking for a totally mechanical system that will take all the work out of your hands and make you rich in six months. We don’t have such a system.

You are looking to spend one month with us and obtain and understand everything we have to offer. I believe we can do great things for you over a period of time, but this business is not for people that think a month or two of training is enough. The reason we offer free membership after one year is to reward those that are truly serious.

You expect me to be on the site everyday. I don’t want or need a job. I am on the site almost every day anyway, but once again, this site was not an attempt on my part to create a business or job for myself. I am always available via email. No question sent via my email goes unanswered.

You are expecting new material to be released at regular intervals. You are purchasing access to current material that if taken seriously (in conjunction with following my advice) will take you months to fully implement. I do release new material from time to time, but I am careful about what I present to my members.

You are looking to be spoon fed. The material is there and the support is there. It’s your responsibility to take it seriously. There is a reason that over 90% of those that attempt this business fail. This business will rip our heart out and hand it to you. My goal is to not let that happen to you. I cannot guarantee that it won’t, but I can give you 25 years of experience and advice on the best ways to make sure that at the very least you don’t do the stupid things most new traders do.

The monthly fee is a burden to you and your family financially. You can obtain free help in the free thread at Forex Factory until you are better prepared. I help non members all the time via this thread.


where is he selling the dream? and also on the first page of the james16 thread. I think he makes it very clear that this takes hard work, time and dedication.
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #344
  • Sep 9, 2010 4:44pm Sep 9, 2010 4:44pm
This is a thought I had, say a bunch of us are really making money from learning his stuff, and james doesn't actually make money trading, is he still a scam?

Or is it simply you guys want people to know that you think he doesn't make money trading?

If I prove I'm the real deal, maybe Guby and you fellows could be my marketers.
  • #345
  • Sep 9, 2010 4:47pm Sep 9, 2010 4:47pm
Quoting Razzle
....30 days ago Jacko could do no wrong, and now people want to lynch him, but of course in reality, jacko today is exactly the same guy jacko was 2 years ago. Its just your perception that changed...
That is actually not a true statement, there have been threads more than a year old exposing Jacko...
the rest of your statement I would tend to agree...so the proof is in the pudding...
Mr. Smith has affirmatively stated that he is profitable b/c of Jim, Mike et. al. and he is actively trading...so he could present his position better by posting some live trades and the rationale that he learned from Jim, Mike, et. al. for taking these, rather than just making statement which does not convince me of anything.
  • #346
  • Sep 9, 2010 4:50pm Sep 9, 2010 4:50pm
Quoting Mr Smith
I posted my ej entry in this thread, closed half for 2:1 profit, the rest got hit for b/e.

I've taken more entries on EJ long, with a stop loss the same amount of money that I won on the 1 half closing, stops are at 105.92 at the moment, crazy down trend, so I'm not willing to risk much on this trade, but if we do manage to stay above 106 and this weekly pin comes into play, then I could be in a for a great ride, yea, i'll be starting some kind of blog or watever showing my entries as or shortly after I set them, most of them will be before they...
That is good and constructive and objectively verifiable.
  • #347
  • Sep 9, 2010 4:52pm Sep 9, 2010 4:52pm
THat 4hr pin is not a good play in my books for the record. I'm actually long aussie based on a 1hrbuob closing above some resistance.

ANyway, i won't post anymor etrades in here, i'll get my blog etc happening.

Attached trades for proof, and not to cause ...........
Attached Image (click to enlarge)
Click to Enlarge Name: proof.jpg Size: 28 KB
  • #348
  • Sep 9, 2010 4:55pm Sep 9, 2010 4:55pm
Quoting Mr Smith
I posted my ej entry in this thread, closed half for 2:1 profit, the rest got hit for b/e.

I've taken more entries on EJ long, with a stop loss the same amount of money that I won on the 1 half closing, stops are at 105.92 at the moment, crazy down trend, so I'm not willing to risk much on this trade, but if we do manage to stay above 106 and this weekly pin comes into play, then I could be in a for a great ride, yea, i'll be starting some kind of blog or watever showing my entries as or shortly after I set them, most of them will be before they...
So you have taken long trades based on prior support on the daily or 4h, bottom of range on hourly, or what is the trigger for the EJ longs?
  • #349
  • Sep 9, 2010 4:56pm Sep 9, 2010 4:56pm
I have been a member of the PF since it started. After a year of membership I received free lifetime membership. Never paid another dime since.
I have access to several different trading styles or systems if you like.
I get personal service from instructors that treat you like family for each style.
I get help on the psychological aspect of trading.
I get countless hours of videos. instruction and real trades.
I get free use of video conferencing software.
I get weekly webinars from most instructors including James16.
I get to discuss trading without the interjection of dumba**'s.
There is more but these are some highlights.

So for the last time.

It makes no difference if James16 can or cannot trade if what you learn works for you.

It worked for me until I went off hunting the holy grail. Ultimately I drew
my account down to $110. Took getting that low for me to understand that I had to do what worked before. so now I'm back at it.
Maybe it's not for everyone but it works for some.

So really, who died and left all of the naysayers judge and executioner?
  • #350
  • Sep 9, 2010 4:56pm Sep 9, 2010 4:56pm
One thing all might find interesting James and mike trade quite differently in many ways. Meaning, what james teaches is not a set bunch of rules, you do reallyneed to work your butt off to get this stuff down, in fact I also trade a 5 min strategy, and j16 material just helps it in many ways.
  • #351
  • Sep 9, 2010 4:57pm Sep 9, 2010 4:57pm
Quoting Razzle
If it where proved that J16 was not the profitable trader he claims to be, I can assure you dozens of the people who now defend his methods, would suddenly become his harshest critics. You know thats the case.
Or much more likely they just disappear, like many of the posters on the free thread over time, and who knows how many paid members.

You have to consider the psychology at play here. Newbie trader joins group, learns to trade no-edge random chart formation, bleeds his account dry, sees others "succeeding" (paid teachers/PR spokespersons, newbies who have yet to fail, random statistical outliers), newbie trader then blames himself for failing. Most in that situation would be shamed into negatively reacting. If that person spoke up about what happened, he'd be subject to outright public ridicule (what I referred to before about the "Wrath of the Followers").

Again, this type of psychological response is KEY in the mentoring business. Think about it for a while..
  • #352
  • Sep 9, 2010 4:57pm Sep 9, 2010 4:57pm
the funny thing about this thread is that the orginal poster wanted to call out james16, but i think the unintended effect is more people will be curious to see what training materials he has to offer and sign up for at least 1 month lol.
  • #353
  • Sep 9, 2010 4:59pm Sep 9, 2010 4:59pm
Quoting wwwin
So you have taken long trades based on prior support on the daily or 4h, bottom of range on hourly, or what is the trigger?

The trigger was actually a 5 min pin during london, but the reason for trade is the weekly not failed yet.
  • #354
  • Sep 9, 2010 5:01pm Sep 9, 2010 5:01pm
Alot of traders that study this material probably are never successful, as most traders are not successful.
  • #355
  • Sep 9, 2010 5:02pm Sep 9, 2010 5:02pm
@s2659

As I already said in post #319 we have no proof that he has 25+ years of trading experience. Moreover, there is no proof that he is a successful trader.

He is selling the dream that HE can teach you how to become profitable. We have no proof that his method makes money. We have no proof that j16 himself applying it makes money. So on what grounds can he charge a fee for teaching that method ?

Let's not beat around the bush here. Until he presents some proof, he's selling a dream.
The worst thing I can be is the same as everybody else. I hate that.
  • #356
  • Sep 9, 2010 5:03pm Sep 9, 2010 5:03pm
Quoting Mr Smith
The trigger was actually a 5 min pin during london, but the reason for trade is the weekly not failed yet.
5 minute chart? Ok, but I honestly dont see any pins there during London to go long, and the weekly not failed yet? This week it has already made a lower low and lower high than last week.
What's your target when the trade is triggered by the 5 min chart and also b/c the weekly has not gone yet below the low of the next to last week, if that is what you mean?

PS. I am using MBTrading MT4 it uses 12:00 am eastern as start of new day
  • #357
  • Sep 9, 2010 5:04pm Sep 9, 2010 5:04pm
As I already said, I'm successful, I couldn't give a rats ass if he's successful, I know he's a good teacher, that's all that matters to me.
  • #358
  • Sep 9, 2010 5:11pm Sep 9, 2010 5:11pm
Quoting Trader KGB
Again, this type of psychological response is KEY in the mentoring business. Think about it for a while..
Very true, its classic textbook stuff, and they all do it.

The majority of fake mentors tend use the most blatent psychological tricks that you can spot a mile away, and yet the people who fall for these tricks are completely blind to the obvious patterns.

Conversely, the ability to recognise patterns amongst the noise is typically a trait you find in many successful traders.
  • #359
  • Sep 9, 2010 5:12pm Sep 9, 2010 5:12pm
Quoting wwwin
5 minute chart? Ok, but I honestly dont see any pins there during London
U know, the entry I took was very dirty, and if you start taking 5 min entries all over the show, you'll get cleaned, so pls don't start doing it, this trade is based on weekly, the fact that is this next entries loses, my EJ trades based on the weekly will have a b/e effect on my account.

Here is the reason with a chart I took the 5 min entry.

Keep in mmind this is a terrible pin, i was looking for any excuse to get back in.

Anyway, stay tuned for my blog.
Attached Image (click to enlarge)
Click to Enlarge Name: 5 min.gif Size: 20 KB
  • #360
  • Sep 9, 2010 5:14pm Sep 9, 2010 5:14pm
Quoting hilmy83
the funny thing about this thread is that the orginal poster wanted to call out james16, but i think the unintended effect is more people will be curious to see what training materials he has to offer and sign up for at least 1 month lol.
Which begs the question: Did some clever individual take a page right out of Hollywood's playbook? Any publicity is good publicity.
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