James16 is not credible | Page 27 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Credible brokers? 31 replies

What makes a track record credible for Trading Firms? 0 replies

any credible broker with credit/card deposit in euro? 4 replies

Attachments: James16 is not credible
Exit Attachments

James16 is not credible

  • #521
  • Sep 12, 2010 4:23pm Sep 12, 2010 4:23pm
Quoting pip_daddy
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?
That would be pretty neat, but no, the "fake" was for the statements, the "after the fact" was for the live trades...
  • #522
  • Sep 12, 2010 4:24pm Sep 12, 2010 4:24pm
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...

GREAT POST!!!!
  • #523
  • Sep 12, 2010 4:49pm Sep 12, 2010 4:49pm
Quoting moneymaker2
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...
Thats an extremely sensible thing to do. However, the problem is that someone who hasnt already walked the path does not actually know what others need.

Unless the mentor is actually using that information, they are just regurgitating complete nonsese in 99.9999% of cases. They are passing on exactly the same information that was of no benefit to them in the first place.

You wouldnt learn to play the piano from some guy who'd only read about playing the piano in a book, would you ? If you repeatedly asked the guy to play a piece to demonstrate, and he refused to play, would you still have faith ?, or would you look for someone who could actually play ?
  • #524
  • Sep 12, 2010 4:58pm Sep 12, 2010 4:58pm
Quoting Razzle
Thats an extremely sensible thing to do. However, the problem is that someone who hasnt already walked the path does not actually know what others need.

Unless the mentor is actually using that information, they are just regurgitating complete nonsese in 99.9999% of cases. They are passing on exactly the same information that was of no benefit to them in the first place.

You wouldnt learn to play the piano from some guy who'd only read about playing the piano in a book, would you ? If you repeatedly asked the guy to play a piece to demonstrate,...

Meh.....I read his thread and nobody can question that he does in fact trade a lot and has contributed ideas worth reading. The question is whether he is as successful at it as he says he is. There is ZERO, ZIP, ZILCH, NADA, NIET, NO evidence that he is. The fact he never posts live trades and runs a pay website only re-enforces the skepticism.

There are a few other little things that kind of make my spidey senses twitch a bit. Such as the fact he seems to have that gambler mentality (not good IMHO). Likes to trade mini-dow (again...wtf). Just seems a bit too much into the adrenaline rush of it which is not a good psychological state to be in trading forex IMHO.
  • #525
  • Sep 12, 2010 5:08pm Sep 12, 2010 5:08pm
While all of you debate, Mr. Smith is up 150 pips in his blog
  • #526
  • Sep 12, 2010 5:15pm Sep 12, 2010 5:15pm
Quoting pip_daddy
Likes to trade mini-dow (again...wtf).
What's wrong with trading the YM?
  • #527
  • Sep 12, 2010 5:53pm Sep 12, 2010 5:53pm
Quoting giraia_br
there is a scammer around here that is the king in this tactic....
I can't wait for this guy go to jail.
well, he wont go to jail if he wont get exposed first.
if u want him to go to jail, expose him.
in the spirit of justice, expose him.

if u dont, then u are perpetuating his bad deeds.
  • #528
  • Sep 12, 2010 6:06pm Sep 12, 2010 6:06pm
His stuff is not the be end etc etc,

But he offers services to teach, and he's damn good at it, therefore he's not a scammer,


end of story.

if you guys are simply arguing cause you don't know if he personally trades or not, go for it,

all I'm saying is I learnt from him, and he's a good teacher, but by no means is he the only way to trade,

I personally know others who trade with no charts and win, and they can't teach me, they clean up,
but I just cannot do it like them, and there useless teachers.
Quoting pip_daddy
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....
  • #529
  • Sep 12, 2010 6:12pm Sep 12, 2010 6:12pm
Quoting moneymaker2
Since everyone is voicing their opinion, I think I'll voice mine, too......
a 'positive'/'wide' perspective post!
awesome, Sir
either way, there will be negative people who will voice negative opinion. so it's pointless.


To quote Sir BigWaveRider.... (2008 post)
Quote
There are no profitable trading systems only profitable traders.
And HELL NO am I going to post my account statement here in a public domain are you FREAKING STUPID? Yes I realize I can block the numbers, I can also add numbers as well so what does it prove? Nothing.
  • #530
  • Sep 12, 2010 6:25pm Sep 12, 2010 6:25pm
U know the bottom line is this, James and his helpers like mike etc, are very good teachers, you can go see this for yourself on the free thread.

Now everyone knows that James doesn't post live trades, or statements, it's well known, and he doesn't hide that.

Now it's upto everyone what they do with this info, we can debate on the particulars of what a scam means etc etc, it's useless and futile.

Facts are, James teaches tested and tried s/r that's been around for years.

Fact is James doesn't post statements proving he does it himself.

Fact is James helps alot of people who pay him, and lots of people who don't pay him.

Fact is, no matter what analogies you give, know matter how stupid it may sound, even if he doesn't trade, or has never traded, he can teach well.

If you dont' feel comfortable learning from someone who hasn't posted th ere statement, then don't learn from James, go read a book or learn from someone who does.

You can still make the arguement, how do we know James is a good teacher, how do we know any of his students actually win, if my words or other students words doesn't convince you he teaches well, then goto the free thread and ask away, and make the judgement for yourself.

I don't understand how there is anything left to debate, it's stated, you have warned the newbs about James not post statements, you've voiced your opinion on why you woulnd't learn piano from a instructor who has never played in front of you, it's all groovy points, now everyone knows all the points, noone here is gonna switch sides, everyone believes what they believe and thats that.
  • #531
  • Sep 12, 2010 8:14pm Sep 12, 2010 8:14pm
Quoting pip_daddy
What exactly are you 'puzzled' by? I will be more than happy to clear up whatever it is you seem to be 'puzzled' about.
Sure, what does his credibility has to do with what he is teaching or his method of operation or how he sees the world?

We do pay crap load of money and get into debts just to get into University for what? For copied information which can be also be bought from Amazon for a cheaper price, don't we?

I believe Mr. Jacko has some sort of "live trading record", did it prove his credibility?

I was in the event business, I have sold all sorts of trading programs that cost more and teaches much less. The information is freely available on the internet, all you need to do is to open a brokerage account without funding a single cent. The response is normally, "I need someone to guide me."

Are the Gurus in questions really great traders? Seriously I'll never know, they came with statements, live trading etc. Yet 99%~100% of the classes I have participated in failed (lost money) in trading and doing something else now. And you do not know what you are going to get before hand.

Here's why James16 can trade or cannot trade or if he is as rich as he says he is does not matter in this instance:

According to Mr. Smith, there is a FREE thread on this which one can become profitable on. So based on that, it simply means that you do not need to pay a single cent to James16. So what's the problem if he is valid or not, there IS a choice you do not have to pay.

If testing it out the free thread, you become profitable, isn't it great?

If not, and you decided to pay for it, you should be asking, why do you pay for something that doesn't work. And not be asking if the teacher is credible, no?

Really do not understand the commotion over a single FREE thread, which you might consider as advertising. People need to use common sense and take responsibilities for your own choices.
  • #532
  • Sep 12, 2010 8:41pm Sep 12, 2010 8:41pm
http://www.marketoracle.co.uk/Article22566.html
  • #533
  • Edited 10:24pm Sep 12, 2010 8:47pm | Edited 10:24pm
Quoting Kiado
http://www.marketoracle.co.uk/Article22566.html
Great stuff... thank you very much.


Also, the follow up article was just posted: http://www.marketoracle.co.uk/Article22637.html
  • #534
  • Sep 12, 2010 11:07pm Sep 12, 2010 11:07pm
Quoting Kiado
http://www.marketoracle.co.uk/Article22566.html
  • #535
  • Sep 13, 2010 1:28am Sep 13, 2010 1:28am
Quoting evelfriski
Sure, what does his credibility has to do with what he is teaching or his method of operation or how he sees the world?

We do pay crap load of money and get into debts just to get into University for what? For copied information which can be also be bought from Amazon for a cheaper price, don't we?

I believe Mr. Jacko has some sort of "live trading record", did it prove his credibility?

I was in the event business, I have sold all sorts of trading programs that cost more and teaches much less. The information is freely available on the internet,...

thank u.. damn that guy is stupid..
the website ws also a request by traders yet this guy (pipdaddy) still feels a need to cast bs

another point..james did a b4 and after series on trades..and he was spot on..not that it mattered..
  • #536
  • Sep 13, 2010 3:42am Sep 13, 2010 3:42am
Quoting nAVIN2007
thank u.. damn that guy is stupid..
the website ws also a request by traders yet this guy (pipdaddy) still feels a need to cast bs

another point..james did a b4 and after series on trades..and he was spot on..not that it mattered..

This whole threads proper place along with the original poster is in the TRASH!

Come on Twee...Can it!
  • #537
  • Sep 13, 2010 3:48am Sep 13, 2010 3:48am
everyone has a right to say what they want, its kind of astonishing how much money james makes from his private site. he would be rolling in it. ive enjoyed reading this thread.
  • #538
  • Sep 13, 2010 3:59am Sep 13, 2010 3:59am
Quoting angus
What's wrong with trading the YM?
It generally implies the trader has a limited account size, and successful traders dont tend to trade small accounts.

I dont necessarily agree thats true in all cases, but its a reasonable generalisation, and when considered in the light of all other evidence, its a red flag.
  • #539
  • Sep 13, 2010 4:44am Sep 13, 2010 4:44am
Oh shit, James trades the YM, he's definately a scammer
  • #540
  • Sep 13, 2010 5:15am Sep 13, 2010 5:15am
are you ok, bobowang?

$1000 is a very very huge amount of money to J16!!! this is his very very large trading account.

i can imagine his wife was very very upset with the loss.

Quoting bobowang
I just start to read james16 chart thread, and know james16 has more than 25 years trading expeirence. I just doubt that as he said in the following attachment, $1000 lost scared him. that means, he still traded small account at that time. that's so weird.

I think a successful trader can make a $1000 account to $1 million easily, because even trade 5% of his account everytime, he can make it in 200 trades. To be a successful trader, you should already have earned big money, and trades large size everytime.

any comments?
http://www.forexfactory.com/attachme...1&d=1260771986
0 traders viewing now