James16 is not credible | Page 26 | Forex Factory

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James16 is not credible

  • #501
  • Sep 10, 2010 8:43pm Sep 10, 2010 8:43pm
Quoting Mr Smith
I have created my journal http://www.forexfactory.com/showthre...06#post4014906

No arguing over there tho, its merely for anyone to see how I trade what I learnt.
Well Done! Love to see your performance!
  • #502
  • Sep 11, 2010 12:53am Sep 11, 2010 12:53am
Quoting wwwin
So if you are a technical trader and are skeptic of pin bars, are you also skeptic of Shooting Stars, Hammers, Selling or Buying climax, V-shape bottoms, and Key Reversal days?
How about a pin bar that quickly rejects a trendline or S or R level. Does it help you at all in confirming the rejection?
Don't follow any of them I'm afraid, can't offer a call either way. The latter scenario sounds intriguing..
  • #503
  • Edited 9:15pm Sep 11, 2010 8:59pm | Edited 9:15pm
Quoting pip_daddy
Why would anyone question J16? Nobody ever met him (as far as I know), he never posts live trades (as far as I know), and he runs a pay website.

Can't imagine why anyone would question him.
Well said!

Likewise...
J16 said he doesn't care about the money generated through the paid site, why should anyone question about his kindness (although I don't know why he set the monthly fee precisely at $129)?

J16 doesn't ever care to explain why he does not show his statement to defend himself (as far as I know), why should anyone question him.

Can't imagine why anyone would question him.
  • #504
  • Sep 11, 2010 11:41pm Sep 11, 2010 11:41pm
Quoting ladex142
loooooooooooooooooooooooooooooool!!!!!!!

James16group is no scam, I was a member for 6 months and it was a great foundation for me (Mike was very helpful), I don't have any bad thing to say about my experience with the group! and NO I'm not a successful trader yet, it takes time, it's no magic, you've got to do the work, there's a price to pay, F**k !!!!!!!! LOL

Even though I don't trade with any of the system I learnt from the group, (I'm trading with a system based on some of the core concepts taught in the group;
Support and Resistance, &...
Cool, I spent like 20$ on Amazon and bought the 2 books that teach that. You spent...what, $800.
  • #505
  • Sep 12, 2010 9:30am Sep 12, 2010 9:30am
Quoting VonTrader
I just read a little bit about the "strategy" which this james16 developed.

For the sake of people who are at the begin in their trading career I have to say just two words: STAY AWAY!

Go to a Hedge Fund/CTA/CPO/trading division at a bank and ask them what they think about this pin bar strategy! hahaha, they will start to laugh for a few hours, I BET !!!!

Dear James, GET LOST !
This garbage CAN'T GIVE ANYONE a EDGE in the long term(in fact I'm very sure that not even in the short term) can't provide a edge!

James, I have nothing with...
i never paid for any service, tutoring, etc. It almost happened. But all this point of deceive people and make they lost healt relates to me and this aspect is something missing in this forum.

your post and Trader KGB post are the best posts in this thread.
  • #506
  • Edited 12:00pm Sep 12, 2010 11:44am | Edited 12:00pm
Quoting Mr Smith
Fact is, if you take 5 min pins at key locations, you often times get 10 or even 20 to 1 wins, this is one strategy I use, and it's very profitable.

Not to speak of substanial tf's like weekly daily.

Engulfing bars work well to. Often times a bullish outside bar at a good area will be better then a pin

But there is def people that don't believe in ta, like the bank trader I know, he laughed at the bars I showed him, he doesn't use charts at all,
just price.

If you want to see the power of pins, chose weekly tf, go back a few years on a...
I'm a huge fan of pin bars. There is no doubt they work well. The higher the TF the better but it's never certain like everything else. Just probabilities.

But back to the topic at hand. James16 never came up with that just like he never came up with anything else. He got it from "Pring on price Patterns" which is where most of the other stuff comes from. Yes, he took all that, wrapped it into his own style and made it his own and that's fine. I don't think he ever claimed to have invented any of that so it's all fine. But let's stick to the facts please.

If ANYONE is going to take issue with being questioned on their credibility ALL they have to do is post some live trades and remove all doubt. If not then they should not be surprised when their credibility is questioned. Something so simple, requires no personal sacrifice, no disclosure of personal details, impossible to fake. If someone is not willing to do that then I am not willing to give them the benefit of the doubt. I'm not talking about giving free advice. Just a taste on occasion.

The other curious thing is if someone successfully trades for a living I can see absolutely NO justification for them needing to run a commercial training website. That is another red flag to me so those 2 things really make me go hmmmmmm. And if you are not the least bit skeptical just based on those 2 facts then I have some lovely swamp land in florida I would like to sell you. I have heard all the justifications but they can never explain away the basic facts when you add things up and follow the money.
  • #507
  • Sep 12, 2010 12:15pm Sep 12, 2010 12:15pm
i havent read each post with regard to this thread..i wont get anything out of it..but i wanna say one thing..james dont need to prove anything..the difference is the website made was a request from people


there lies the difference..please stop this rubbish..we have a good thing!! just accept it!!..and stop attacking the man for nothing
  • #508
  • Sep 12, 2010 12:21pm Sep 12, 2010 12:21pm
Quoting nAVIN2007
i havent read each post with regard to this thread..i wont get anything out of it..but i wanna say one thing..james dont need to prove anything..the difference is the website made was a request from people


there lies the difference..please stop this rubbish..we have a good thing!! just accept it!!..and stop attacking the man for nothing
If you want to blindly follow that is up to you. ANYONE...I don't care who you are. I don't care what it is you are paying for or what the circumstances. If you do not at least question things based on some basic facts you are a fool.
  • #509
  • Edited 1:01pm Sep 12, 2010 12:45pm | Edited 1:01pm
Quoting pip_daddy
If you want to blindly follow that is up to you. ANYONE...I don't care who you are. I don't care what it is you are paying for or what the circumstances. If you do not at least question things based on some basic facts you are a fool.

not really...actually im speaking from experience..he has taught me along with others how to trade..nobody can take that away..people know what price they want to pay to learn to trade..i consider it a blessing to have joined j16 grp

what i call ignorance is attacking james when it very obvious what he teaches works..if u took the time to read it (free) ud see
nobody is forcing any1 to join..people join on there own free will..how the hell can people attack someone who creates a website out of request and at the same time has a thread very eductional which has the material for free..and the joke is u have great people like mike who actually do mentoring for free (i call it mentoring) in the j16 thread..nobody is placing a gun to yur head asking u to join

Is he being questioned cause of success?? i dont get it!!!!

(if fustrated by jacko i suggest people take it out on him not james..it honestly makes no sense..)

another thing u joined in june..what makes yur view have any real attention, your hardly qualified to have a view since u have no real experience on who is scamming!!! U are beng ignorant! if u understand the dynamic of the market u will see pin bar shows a rejection..what is there to prove..i WILL SAY ONE MORE THING

james has pretty much exposed an edge which works today..he could have kept it to himself thousand would have..what works is people respect him cause he has a good heart..read his thread and u will find yourself sorry for these assumptions
  • #510
  • Sep 12, 2010 12:51pm Sep 12, 2010 12:51pm
Quoting pip_daddy
I'm a huge fan of pin bars. There is no doubt ALL they have to do is post some live trades and remove all doubt. If not then they should not be surprised when their credibility is questioned. Something so simple, requires no personal sacrifice, no disclosure of personal details, impossible to fake.
Very possible to fake as Unger is doing at http://www.worldcupadvisor.com/world...ult_nwcc2.aspx by only showing us his two winning accounts out of 100 losing accounts , all real, all on futures.
Very
  • #511
  • Sep 12, 2010 1:00pm Sep 12, 2010 1:00pm
Quoting Razzle
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.
there is a scammer around here that is the king in this tatic. He acts more on Forex TSD and post little here in FF. He still has 3 vouchers from veterans of this board.

i had contact with people wich paid for his methods since the begnning and all failed. Even those wich were the biggest soldiers he had against "naysayers". They did not came to the public exactly for the reason KGB explains here

I can't wait for this guy go to jail.
  • #512
  • Sep 12, 2010 1:18pm Sep 12, 2010 1:18pm
Quoting nAVIN2007
not really...actually im speaking from experience..he has taught me along with others how to trade..nobody can take that away..people know what price they want to pay to learn to trade..i consider it a blessing to have joined j16 grp

what i call ignorance is attacking james when it very obvious what he teaches works..if u took the time to read it (free) ud see
nobody is forcing any1 to join..people join on there own free will..how the hell can people attack someone who creates a website out of request and at the...
I read his thread. Then I read Pring on Price Patterns and realized 90% of what he talks about is in that book. It's your money. If you want to pay him that's up to you. There is nothing wrong with questioning his motives and there are certainly things worth questioning IMHO. If you are not even willing to do that much....well best of luck with that philosophy. There is now a whole dedicated thread about how people did that with Jacko. Financial Darwinism at work.
  • #513
  • Sep 12, 2010 1:35pm Sep 12, 2010 1:35pm
Quoting pip_daddy
Cool, I spent like 20$ on Amazon and bought the 2 books that teach that. You spent...what, $800.
Cool, good for you! I was a newbie back then, all the information on this forum and the internet was very confusing and overwhelming for me. I wanted to learn how successful traders trade and what it takes to be successful. I saw the group as a way of filtering out all the craziness and focus on learning what works!

Like I said before, the group was a great foundation for me and a great learning environment. I'm doing fine at the moment and I'm on to something great
  • #514
  • Sep 12, 2010 2:13pm Sep 12, 2010 2:13pm
Quoting pip_daddy
A lot of things work. This is not about stuff working vs not working. That is a whole other subject
I know, I was just telling you what my thought process was when I decided to join the group
  • #515
  • Sep 12, 2010 3:35pm Sep 12, 2010 3:35pm
It's puzzling how this thread started as an accusation and it evolved into whether it works to whether someone should pay James16 for something he copied from somewhere.

Perhaps it is too much academics? Just as trading is an art, learning too is an art. My suggestion would be learn however suit you best, some need to go to workshops, some better at books etc. Some prefer free and some prefer paid, everyone's psychological make up is different.

We can only protect people by educating them, not by stopping them. People need to learn, and sometimes the only way to do so is through experiences.
  • #516
  • Sep 12, 2010 3:53pm Sep 12, 2010 3:53pm
Quoting evelfriski
It's puzzling how this thread started as an accusation and it evolved into whether it works to whether someone should pay James16 for something he copied from somewhere.

Perhaps it is too much academics? Just as trading is an art, learning too is an art. My suggestion would be learn however suit you best, some need to go to workshops, some better at books etc. Some prefer free and some prefer paid, everyone's psychological make up is different.

We can only protect people by educating them, not by stopping them. People need to learn, and sometimes...
What exactly are you 'puzzled' by? I will be more than happy to clear up whatever it is you seem to be 'puzzled' about.
  • #517
  • Sep 12, 2010 4:19pm Sep 12, 2010 4:19pm
Stop saying James is just teaching what has already been laid out, James credits pring etc all the time, he points it out himself, I've read many s/r info, etc etc, but I guess I was to dumb to put it all together in a practical way.

James was able to teach me how to put it all together and make money, rather then just be a theory, He doesn't trade pins the same a pring, altho the concept is from pring.

I needed people I can ask questions and get solid answers, for many different trade situations.

Call me dumb, but this is what I needed, books and pdfs and etc, just didn't sink in for me.

Having someone there I could goto and say, I read this, now what if this happens, etc etc, So yes, he's teaching what he learnt, he's not saying he made it up, he made certain rules up, but he's using tested and tried stuff and says he is.

Fact is he's a good teacher, follow my journal if you would like to see how I trade after learning from him and mike and others on the free thread.

I didnot pay a cent to james, but if I had, and I'm successful, it doesn't all of a sudden make it that I got scammed, sure I could have saved 1000$ if I had joined for a year, but from my track record before learning from him, I would still be losing now.

Anyway go watch my journal unfold over the next year and watch how I trade based on what I learnt in his free thread, If i trade successfully for a year with calls before the fact, surely this proves he is a good teacher.

ANd yea, to any j16 supporters, I know he doesn't need me to prove anything for him, he doesn't need to prove anything, I know, but I'm doing a journal of what I have learnt, I think it will help my trading doing it front of many people. And I know, if I suck and lose, it doesn't discredit james, there is many people who have done journals using his material, so there is nothing wrong with me doing this.
  • #518
  • Edited 5:32pm Sep 12, 2010 5:00pm | Edited 5:32pm
Quoting Mr Smith
Stop saying James is just teaching what has already been laid out, James credits pring etc all the time, he points it out himself, I've read many s/r info, etc etc, but I guess I was to dumb to put it all together in a practical way.

James was able to teach me how to put it all together and make money, rather then just be a theory, He doesn't trade pins the same a pring, altho the concept is from pring.

I needed people I can ask questions and get solid answers, for many different trade situations.

Call me dumb, but this is what I needed, books...
sigh........this is about his credibility that he is who he says he is. Indirect evidence suggests there are legitimate unanswered questions about that!

It is not about his teaching ability or whether his methods can be made to work. Just about ANY method can be made to work. The key is the find the right method for you! All we are trying to do here is bend the odds slightly in our favour. There are hundreds or maybe thousands of different ways or combinations of ways to do that. If you think that this guy and his method is the be all to end all I got some bad news you.....you have already lost the plot.

This post seems to capture the psychology of the whole forex mentor thing.
http://www.forexfactory.com/showpost.php?p=4012335&postcount=351
  • #519
  • Sep 12, 2010 5:50pm Sep 12, 2010 5:50pm
Since everyone is voicing their opinion, I think I'll voice mine, too.

There are many methods used for trading, some people use standard indicators, some use "proprietary" indicators, some use no indicators at all. Some use candles, some line charts, and some P&F charts. If a person is comfortable using whatever method they use, and consider it a good method and are happy with it, why would someone else say they are stupid for doing so-and-so, or get into personal attacks by name calling? It's like the old Bud-Bud Light commercials....funny to listen to, but pretty meaningless.

As far as packaging something up and selling it, that is done every day. We buy things for convenience, be it time saved or less time wasted. Want to learn to make money on ebay? There are countless books and programs and people to help you. Having problems with algebra? Lots of tutors to choose from (we call the "mentors" as adults!) willing to help you understand the same thing your book is telling you...for a price! Are they teaching you something they came up with? No, they are helping you understand the teachings of others. When I was learning to trade options, I bought many, many high dollar programs, because I didn't want to take the time to have to figure it out myself with trial and error (another way to phrase "losing money"). I was looking for a specific way to trade options, so I paid for the education and the time savings from having to wade through all the stuff I didn't need.

As far as scamming goes, it depends on your definition, I suppose. I buy all my books at a place online because it is cheaper than any place else. I still go to Barnes & Noble to look at stuff, but I don't buy there. But does that mean B&N is scamming everyone because they are selling stuff at a higher price than people can actually buy somewhere else? No, it is a business selling a product, that is all. Do people buy from there? Yes, mainly because of convenience....they can take it home today rather than waiting up to 2 weeks for shipment. Are the people okay with the price they pay? Obviously, or they wouldn't pay it....but some may decide buying from there is not right for them and begin to look elsewhere. But is is right to call the customers at B&N idiots, or stupid or even much worse because they chose to buy from there and others don't? No, that makes no sense at all. But we do it on here constantly.

As far as posting live trades or a statement, it doesn't matter what you do, some people will say it was faked, or after the fact or this was only selected trades or only the profitable account or something like that. I had a guy look at my statement, I sent him some trades in real time, I even invited him over to watch me trade and even with him sitting 2 feet from me watching the same screen I am watching, watching me click the mouse to open then close the trade and seeing the profit STILL said it was just luck and can't be done over a period of time because my chart wasn't set up like his was!! So there are going to be negative people, especially on this forum, that no matter what you did would still find fault with it. Personally I think it is ego, where a lot of people have a very difficult time acknowleding that someone can do something they can't, especially when it is intellectual rather than physical.

We waste so much time bickering on this forum that it is no wonder people fail at currency trading. If we spent HALF as much time just listening to each other with open minds and trying to help each other reach the common goal of making lots of money, there would be an explosion of profitable traders!

Okay, have to get off my soapbox now, vertigo is creeping in....
  • #520
  • Sep 12, 2010 5:58pm Sep 12, 2010 5:58pm
Quoting moneymaker2
Since everyone is voicing their opinion, I think I'll voice mine, too.

There are many methods used for trading, some people use standard indicators, some use "proprietary" indicators, some use no indicators at all. Some use candles, some line charts, and some P&F charts. If a person is comfortable using whatever method they use, and consider it a good method and are happy with it, why would someone else say they are stupid for doing so-and-so, or get into personal attacks by name calling? It's like the old Bud-Bud Light commercials....funny...
Explain to me exactly how one can 'fake' a live trade? I can't wait to hear this one. Does it involve a Mr. Fusion powered DeLorian?
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