James16 is not credible | Page 19 | Forex Factory

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James16 is not credible

  • #361
  • Sep 9, 2010 5:17pm Sep 9, 2010 5:17pm
Quoting Slack
Which begs the question: Did some clever individual take a page right out of Hollywood's playbook? Any publicity is good publicity.
Lets be honest, the more people trading random patterns with no edge the better !
  • #362
  • Sep 9, 2010 5:17pm Sep 9, 2010 5:17pm
Quoting wwwin
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?

Week before is my pin, not last week, My target I'm leaving open, I'll be moving stops to b/e if I dont get stopped out pretty fast, then i'll be trying to catch a huge run, I'll keep you updated on my target if you like, my initial target is something around 115 if things go well, but if we have major problems at 110, then i'll likely get stopped out as ill be trailing stops up.
  • #363
  • Sep 9, 2010 5:17pm Sep 9, 2010 5:17pm
I agree with you 100% that it is a terrible pin, perhaps that is why I did not classified it at such, but it worked and I really do appreciate you posting the chart. I wish you lots of luck, honestly do, and PM me when you open the blog.

Quoting Mr Smith
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.
  • #364
  • Sep 9, 2010 5:17pm Sep 9, 2010 5:17pm
Quoting Trader KGB
Exactly. The time zone question was intended to be sarcastic, playing upon flotsom's humorous pin bar review, which you also just reiterated (they're entirely dependent on which time zone the viewer is situated in)
hey trader..... thanks for the link..... had missed that post earlier....

with the exceptions of a few points, his 'review' parallels my thoughts exactly.....

again, thanks for the link......h
to trade and code, keep both simple... no call to impress....h
  • #365
  • Sep 9, 2010 5:18pm Sep 9, 2010 5:18pm
Quoting GubyIQ
@s2659

As I already said in post #319 we have no proof that he has...
on what grounds there is the fee??

It has already been mentioned here in this thread that James pays his instructors. there is the hosting of the website and bandwidth, there is a webinar almost every day, there are countless hours of videos.. there are a few different strategies taught by different senior members.

this is just off the top of my head.

As far as proof he's actually profitable or not. I have no idea.
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #366
  • Sep 9, 2010 5:19pm Sep 9, 2010 5:19pm
Quoting Razzle
Lets be honest, the more people trading random patterns with no edge the better !
Believe or not, I'm actually routing for team J16.
  • #367
  • Sep 9, 2010 5:20pm Sep 9, 2010 5:20pm
Quoting Mr Smith
Week before is my pin, not last week, My target I'm leaving open, I'll be moving stops to b/e if I dont get stopped out pretty fast, then i'll be trying to catch a huge run, I'll keep you updated on my target if you like, my initial target is something around 115 if things go well, but if we have major problems at 110, then i'll likely get stopped out as ill be trailing stops up.
I see that, but in my chart it does not look to have broken the upper pin...Jim would have told you that it is safer to enter after the pin is broken...and also the lenght of the pin is not too big...but I see you were anxious to get in (I can relate to that) and so far you are doing good. I would be interested in following your blog.
  • #368
  • Sep 9, 2010 5:21pm Sep 9, 2010 5:21pm
So If james showed you his statement, you guys would suddenly agree that what he teaches is good?

I don't get it, goto his free thread and see if it's good. Most of it is there free.
  • #369
  • Sep 9, 2010 5:26pm Sep 9, 2010 5:26pm
Quoting Mr Smith
So If james showed you his statement, you guys would suddenly agree that what he teaches is good?

I don't get it, goto his free thread and see if it's good. Most of it is there free.
Expecting newbies to be able to see if a trade plan is good or not, is like asking a 6 mo old baby if he wants his steak medium rare or well done.
  • #370
  • Sep 9, 2010 5:28pm Sep 9, 2010 5:28pm
Quoting wwwin
I see that, but in my chart it does not look to have broken the upper pin...Jim would have told you that it is safer to enter after the pin is broken...and also the lenght of the pin is not too big...but I see you were anxious to get in (I can relate to that) and so far you are doing good. I would be interested in following your blog.

Jim advises to take the break yes, but I don't trade exactly like james, sometimes I take the break, sometimes I go for dirty entries based un broken pins etc etc, there is hardly any j16 traders that trade the same, jarroo, mike kiss, etc etc, they all trade differently, but have all learnt alot from james.
  • #371
  • Sep 9, 2010 5:29pm Sep 9, 2010 5:29pm
Quoting Slack
Expecting newbies to be able to see if a trade plan is good or not, is like asking a 6 mo old baby if he wants his steak medium rare or well done.
Your right, but I don't get what that has todo with anything, I was a newb, loser and didn't know who to trust, luckily I landed learning from james, and now I can trade.
  • #372
  • Sep 9, 2010 5:31pm Sep 9, 2010 5:31pm
@s2659

Look, you make me post the same arguments over and over again. J16 is making X amount of money (close to $80k/month as some say) selling dreams. Like any business, this also involves some costs, say X/10. That is irrelevant to to problem at hand.

The problem is that his business is illegitimate to begin with.
The worst thing I can be is the same as everybody else. I hate that.
  • #373
  • Sep 9, 2010 5:36pm Sep 9, 2010 5:36pm
Quoting Mr Smith
Your right, but I don't get what that has todo with anything, I was a newb, loser and didn't know who to trust, luckily I landed learning from james, and now I can trade.
Ok, I'm glad, really I am, you found the path. But, many of us don't / didn't have any kind of discernment skills due to a complete lack of experience.

It's only after many-many hours of trading that you start to question past assumptions and strategies. It is at this point you start to develop a BS filter.
  • #374
  • Sep 9, 2010 5:37pm Sep 9, 2010 5:37pm
Quoting Mr Smith
So If james showed you his statement, you guys would suddenly agree that what he teaches is good?

I don't get it, goto his free thread and see if it's good. Most of it is there free.
If he proves that he's profitable with the strategy he presents in the free thread, than he has every right to teach it to others, and to charge a fee for that.

He would be a living example of what he's teaching. But if the teacher himself, with all the knowledge of supppsed 25+ years of trading experience, can't make money trading, then what are the odds that his pupils will be successful ?
The worst thing I can be is the same as everybody else. I hate that.
  • #375
  • Sep 9, 2010 5:37pm Sep 9, 2010 5:37pm
Quoting Trader KGB
Exactly. The time zone question was intended to be sarcastic, playing upon flotsom's humorous pin bar review, which you also just reiterated (they're entirely dependent on which time zone the viewer is situated in).

If it's not already obvious by my last two posts, I'm now participating here for entertainment only. The time for logical discourse has long since ended (pretty much nailed shut when my posts were answered with a blanket statement reply, though I'm not...
On the daily it may depend on the time zone, but not on the 4h or lower time frames...also, the pin is also named something else in candlesticks, and also a pin with heavy volume at the low of a trend is also known as a selling climax, let's say by John Murphy or the likes. Are you saying that pins don't work or are you saying that technicall analysis in general does not work?
  • #376
  • Sep 9, 2010 5:38pm Sep 9, 2010 5:38pm
Quoting GubyIQ
Let's not beat around the bush here. Until he presents some proof, he's selling a dream.
That isnt a bush you are beating brother....
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  • #377
  • Sep 9, 2010 5:42pm Sep 9, 2010 5:42pm
J16 offers educational service.
J16 delivers educational service.

J16 isn't selling a trading system.
FX is a risky business and it's the individuals responsibility to manage risk, not an educator.

If you're interested, it would take a good 10-20 minutes of searching through his thread to see if there is anything worth learning there.
If you're not interested, whining about his 'lack of proof' really doesn't do anyone any good.

Demanding profit charts from J16 is really just childish.
  • #378
  • Sep 9, 2010 5:43pm Sep 9, 2010 5:43pm
Quoting GubyIQ
@s2659

Look, you make me post the same arguments over and over again. J16 is making X amount of money (close to $80k/month as some say) selling dreams. Like any business, this also involves some costs, say X/10. That is irrelevant to to problem at hand.

The problem is that his business is illegitimate to begin with.
He also said he paid his instructors 5 figures.. I just don't know if he meant to each one or all together.

edit: but I suspect each one.
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #379
  • Sep 9, 2010 5:45pm Sep 9, 2010 5:45pm
Quoting Razzle
Lets be honest, the more people trading random patterns with no edge the better !

If you think that's all we do, your crazy, or haven't studied it.
  • #380
  • Sep 9, 2010 5:46pm Sep 9, 2010 5:46pm
Quoting wwwin
Is this guy in the pic below not paid millions a year to coach the New York Jets?

How about the Kansas coach in the bottom pic?
This is messed up! Now it's attack fat people week at FF?

Some of us former athletes are fat bastards. Trading sure doesn't help.

(where's my case of Slim Fast....)
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