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James16 is not credible

  • #701
  • Edited 8:32am Sep 25, 2010 6:55am | Edited 8:32am
this is what i think:- I believe people are in shock about this jacko incident, people are lost, they need to have faith in someone to be shown a way to trade..

jim is like the last man standing people are asking for him to prove himself so they can take that leap of faith..they trust him but dont want to get killed/burned

I could be wrong but that is the only thing that make sense to me about this whole prove yourself situation..He doesnt deserve to be asked to prove anything and the fact that he even bothers to entertain this stupidity is a sign of his great character..

by the way jim..u will be please to know i only placed 23 trades this whole year and have no losses..all 23 are winners ..thanks to u
going the grp was the best trading decision i ever made..i feel blessed

i have attached my equity curve to show this is true and thats the difference..the grp has made to my trading (editted cause im not disclosing my capital) or at least hope not..lol

edit ;- oops 29 trades..lol
Attached Image (click to enlarge)
Click to Enlarge Name: chart4.gif Size: 17 KB
  • #702
  • Sep 25, 2010 6:58am Sep 25, 2010 6:58am
Quoting nAVIN2007
this is what i think:- I believe people are in shock about this jacko incident, people are lost, they need to have faith in someone to be shown a way to trade..

jim is like the last man standing people are asking for him to prove himself so they can take that leap of faith..they trust him but dont want to get killed/burned

I could be wrong but that is the only think that make sense to me..he doesnt deserve to be asked to prove anything and the fact that he even bothers to entain this stupidity is a sign of his great character..

by the...
I LOVE A HAPPY ENDING
student
  • #703
  • Sep 25, 2010 7:09am Sep 25, 2010 7:09am
Quoting garrye
I LOVE A HAPPY ENDING
thanks buddy
  • #704
  • Sep 25, 2010 7:10am Sep 25, 2010 7:10am
Quoting nAVIN2007
He doesnt deserve to be asked to prove anything and the fact that he even bothers to entertain this stupidity is a sign of his great character..
And you saying that is a sign of great blindness on your part.

One doesn't deserve to ask some proof from a man who's making tens of thousands of dollars monthly by selling some way overpriced and questionable stuff, mostly to naive newbies ?
The worst thing I can be is the same as everybody else. I hate that.
  • #705
  • Sep 25, 2010 7:13am Sep 25, 2010 7:13am
Quoting GubyIQ
And you saying that is a sign of great blindness on your part.

One doesn't deserve to ask some proof from a man who's making tens of thousands of dollars monthly by selling some way overpriced and questionable stuff, mostly to naive newbies ?
call it what u want..but my equity curve speaks for itself and it is a 100% result of joining the grp..for me its given me a chance to make money instead of losing it all..it all depends on yur prespective
  • #706
  • Sep 25, 2010 7:39am Sep 25, 2010 7:39am
The idiocy found in some of this thread is amazing.

Onlydragon and anyone else claiming James is making a boatload of cash from the J16 Group is in large part false. I'm a J16 member, a FREE lifetime member. There are MANY of us. The "profit estimates" stated here are outright false. I don't know the numbers and i wont ever ask for them, but i'd bet my home that these estimates are way off.

James is a descretionary trader. No mechanical system. The success rate depends solely on the individual traders ability to pick QUALITY trades THEMSELF. Every trader in J16 is 110% responsible for their own success or failure.

As for the insistance of seeing an account statement, try thinking about it this way. Say i walk up to you on the street, a total stranger, and say "Hey buddy, how much money do you have?" Are you going to answer me? For your own sake i hope you answer "no". Quite frankly, how much money anyone has is nobody else's business. I've been asked for statements before and my answer is always "no", and it will always remain "no". Have i had people get mad at me for saying "no"? Sure i have, but my concern isn't their anger or fustration. Honetly, i don't care if their angry about my decision to tell them no or not. One's bank account is personal, i'll leave it at that.

Whoever did a pinbar test and found "90% to be failures, or whatever it was... That test is inaccurate. Why? Because the person doing the testing likely didn't have an exit strategy. My guess is pin bar trades were allowed to run such an extended period of time that eventually, yes, they would be losing trades. Just as ANY trade left to run an extended amout of time will end in failure. This is FOREX people. Prices travel all over the map week in and week out. If you don't have an exit plan you may as well just shotgun your trades by throwing darts at your charts.

If your bashing J16 i present this idea to you. Join for 2-3 months and actually SEE what it's about before you come here and talk s**t without ever seeing, or let alone LEARNING something.
  • #707
  • Sep 25, 2010 8:47am Sep 25, 2010 8:47am
Quoting FXTradeX6
Onlydragon and anyone else claiming James is making a boatload of cash from the J16 Group is in large part false. I'm a J16 member, a FREE lifetime member. There are MANY of us. The "profit estimates" stated here are outright false. I don't know the numbers and i wont ever ask for them, but i'd bet my home that these estimates are way off.


As for the insistance of seeing an account statement, try thinking about it this way. Say i walk up to you on the street, a total stranger, and say "Hey buddy, how much money do you have?" Are you going...
How do you know how many paying members are there ? do you really believe j16 is doing this out of kindness ? did you really believe those $700 jacko asked for, were just for sms costs ? Do you believe in Santa ?

Why do you compare apples with oranges ? I'm not asking how much money does j16 have in all his n accounts. I'm just asking for a proof that 1. he is live trading his strategy with a meaningful amount of money
2. he's been profitable for at least since he began charging money on FF

some people are really blind. the parallels between jacko and j16 are plain to see for anyone taking time for due dilligence. I guess if j16 doesn't get greedy and start a fund or something, there will always be fresh meat for him here.
The worst thing I can be is the same as everybody else. I hate that.
  • #708
  • Sep 25, 2010 8:53am Sep 25, 2010 8:53am
Quoting garrye
jacko your best mate lol james.be a man
Well he (Jacko) is in your buddy list!!!!
  • #709
  • Sep 25, 2010 8:58am Sep 25, 2010 8:58am
Quoting GubyIQ
How do you know how many paying members are there ? do you really believe j16 is doing this out of kindness ? did you really believe those $700 jacko asked for, were just for sms costs ? Do you believe in Santa ?

Why do you compare apples with oranges ? I'm not asking how much money does j16 have in all his n accounts. I'm just asking for a proof that 1. he is live trading his strategy with a meaningful amount of money
2. he's been profitable for at least since he began charging money on FF...
Do you believe that teachers and professors, Doctors and scientists should pass on there skills for free? Do you believe that education comes at zero cost? Do you believe in going to work and getting no paycheck at the end of the week is ok?

Do you seriously have any clue into the skills, the time and effort that Jim and his team has put into running a website, into offering an educational service for a broad community?

Go ahead and answer, seriously I am interested in how you have developed through life based on getting everything for free!!!
  • #710
  • Sep 25, 2010 9:15am Sep 25, 2010 9:15am
@Razor Trader

don't misunderstand me. I'm not saying that we can get all the infos we need in this life for free. As a matter of fact, a few posts back, I was suggesting better ways of spending those $130, I named a few books.

The teachers, doctors, and other who are in a position to teach, have credentials, have passed many exams in order to have the right to pass their knowledge, and in the process, to get payed for it.

Now i ask you: what credentials does j16 have ? what puts him in a position to charge $129/month (by his own admission, 1-2 months is not enough) to sell whatever stuff he sells ? can you give me a serious answer to that ?

And before you think I have something against anyone who's selling trading educational services : I found on the net 2 market wizards featured in jack schwager's 'stock market wizards' who have educational services (mark d. cook and mark minervini). Thos guys DO have credentials, they showed audited statements that proved they were successful, at least until Schwager wrote his book.

Hope I get a serious answer from you.
The worst thing I can be is the same as everybody else. I hate that.
  • #711
  • Sep 25, 2010 9:30am Sep 25, 2010 9:30am
Quoting GubyIQ
@Razor Trader

don't misunderstand me. I'm not saying that we can get all the infos we need in this life for free. As a matter of fact, a few posts back, I was suggesting better ways of spending those $130, I named a few books.

The teachers, doctors, and other who are in a position to teach, have credentials, have passed many exams in order to have the right to pass their knowledge, and in the process, to get payed for it.

Now i ask you: what credentials does j16 have ? what puts him in a position to charge $129/month (by his own admission,...
That is up to the individuals to decide on whether who's creditials are worth what but regardless, the fee is really a small portion of what most put into play, blind at times, and get burnt. This thread is all about denouncing individuals who charge a fee to educate people who want to learn something. As I mentioned it is up to the individuals to decide whether the information is enough to justify a continuance of service.

Forex is plagued with scammers, from brokers to robot sellers and nothing I say, nor you will change that. I will not doubt that yes, doctors and such have creditials however there are still a good number out there that practise that dont. They can show you some fancy paperwork that looks in check but it doesnt account for shit when they practise. The end product is similiar and can be lasting (botched surgury etc). Back to Bernie, his firm went well under all radars for 2 decades with what looked to be 'legit' statements before it was discovered (by his admitance) he was a fraud.

I hope people dont get the wrong idea. I am not a member of any group. I found my way through maze by using my initiative and doing what I needed to do to find what is comfortable with me. This forum is a great place, it is just like all aspects of life, riddled with a small minority that has cause a greater ripple than it should. It is merely my view, from what I have read and seen, that the Jacko experience has got more than a good number of people out on the streets with their pitch forks and fire throwing the blame at those who may be completely innocent.

If one chooses to take on an educational mentor then it is there responsibility to ensure they do the homework required before jumping in.

Take care

RT
  • #712
  • Sep 25, 2010 1:54pm Sep 25, 2010 1:54pm
Bottom line is, some people want proof that james is a successful trader, before they learn from james, even if there is proof he can teach.
'
And some don't need proof before they learn.

Noone is gonna change there mind, well at least not the 12 year olds posting here anyway.

So why not leave it at that.

It's well stated now, all the warnings are laid out, why keep saying the same friggin thing day in day out.

Step aside, and let james teach for free in here, if you don't wanna learn, go away, if you wanna learn stay.

Dont' worry, all the newbs are well warned about your concerns now.

Go back to whatever you 12 year olds do.
  • #713
  • Sep 25, 2010 4:02pm Sep 25, 2010 4:02pm
For any newbies, there's a great lesson in posts #682 and #683 as to how two analysts can use much the same tools, and share the same view, yet play out their their respective strategies very differently.

It's also a fine illustration as to how it's not the individual tools that count, but how one one combines them, and then devises a strategy of entries and exits on top of that. (This is in response to the seemingly endless stream of comments like indicators don't work, candles don't work, fibos don't work, S/R doesn't work, MTF analysis doesn't work, etc....... there's also a fine reply by Fudomyo).

It also tends to support my earlier point that ultimately the onus is on the student, and not the educator, to turn any information learned into a profitable strategy.

Quoting M.A.C.Doug
I am heavily biased long and believe the current move to be clearly fundamentally driven.......
What's also interesting for me is that J16, MacDoug and I are all long EU, but for different reasons. Jim has explained his TA-based reasons; Mac says that fundamentals have influenced his decision; my own rationale is summed up in the attached image (hopefully the strength plots are self-explanatory ).
Attached Image (click to enlarge)
Click to Enlarge Name: strength2.jpg Size: 162 KB
  • #714
  • Sep 26, 2010 7:53am Sep 26, 2010 7:53am
Quoting nAVIN2007
by the way jim..u will be please to know i only placed 23 trades this whole year and have no losses..all 23 are winners ..thanks to u
going the grp was the best trading decision i ever made..i feel blessed

i have attached my equity curve to show this is true and thats the difference..the grp has made to my trading (editted cause im not disclosing my capital) or at least hope not..lol

edit ;- oops 29 trades..lol

http://www.forexfactory.com/attachme...6&d=1285416633
Hi nAVIN2007,

I would not have asked this question if there is 1 or 2 losers in your equity curve. If there is any loser, I would have a rough idea about your RRR. Some people may employ a trading strategy with 90% or above winners, but 1 loser can cancel out the profit of 10 winners. What is your usual initial risk-to-reward ratio when placing a trade?

The equity curve of Rac shows that his risk-to-reward ratio is not very high, reflecting a strong trading edge.

kk


Quoting kk007
Not statement, but there is an equity curve by a keen J16 supporter.

http://www.forexfactory.com/attachme...5&d=1284565000

See:
http://www.forexfactory.com/showpost...ostcount=74876
  • #715
  • Sep 26, 2010 10:12am Sep 26, 2010 10:12am
In all the tens of thousands of words written here .. the tens of thousands of members hours spend reading what has been a Grand Pissing Contest, and an utter waste of EVERYONES time....

Ive not seen one concrete suggestion as to how to restructure matters here in FF to address the underlying issues of credibility that this thread raised. Which suggest to me that while there may be bottomless trading talent about , there is very little management talent. OR there is a deep and unspoken agenda for continued obfuscation.


In a subzero game , which for the most part targets completely unqualified, financially uneducated, economically and for the most part, mathematically challenged players, trading Fx must rank as one of the greatest scams on the net. The big winners are the dealing desk brokers who with little effort manage to siphon off the majority of the "marks" money into their risk books.. and the Gurus, both commercial and (in forums) ego driven, for whom it is a duck-shoot of the naieve, impressionable and vulnerable.


Public Forums like FF, while seeking to provide a safehaven co-op for the uninitiated, are unwittingly contributing to this. If FF wants to remain a leader in the next 5 years, it needs to change that. You are trying..I appreciate. Unfortunately OPINIONS are like a**holes.. everyone has one.
FF have tried to limit access to their platform by idiots and malicious idiots, in a number of ways. The vouch system, the 1k system etc. But at the end of the day the newbie NEEDs to know whether the guy whos advice hes taking or system hes attracted to is Walking the Walk... or just Talking the Talk.


PROPOSAL

The only way I see to do this is by providing a new member qualification.
Audited Senior Member.ASM.

And the provision inhouse (FF) of a whitelabel version of MT4Stats or MyFxBook on which members (who wish to demonstrate their trading competence) may maintain a credibility record of their trading ability, without disclosing private details of either wealth or live accounts.

Be clear...I dont suggest anything compulsory about it.
An entirely voluntary qualifier.

Just that I think it is a little more credible to see and know that a poster CAN trade profitably than to know than how many posts or how many buddies he has.

Most importantly.. it means that if you want to be a GURU on FF you got to prove you are.

I will watch to see if this suggestion attracts reasoned consideration and debate, with some skepicism.
Because I think it will (like Buffet says) show whos wearing swimsuits and whos not. LoL

But I know one thing.
If FF dont clean up the birdcage ... someone else will.

CE
European based proptrader. Occasional FF visitor and Member since 2006.
  • #716
  • Sep 26, 2010 10:28am Sep 26, 2010 10:28am
Maybe in our dreams, CE.

If such a thing were to happen, this environment would be too realistic and honest, causing certain revenues to suffer
  • #717
  • Sep 26, 2010 12:08pm Sep 26, 2010 12:08pm
Quoting FXTradeX6
The idiocy found in some of this thread is amazing.

Onlydragon and anyone else claiming James is making a boatload of cash from the J16 Group is in large part false. I'm a J16 member, a FREE lifetime member. There are MANY of us. The "profit estimates" stated here are outright false. I don't know the numbers and i wont ever ask for them, but i'd bet my home that these estimates are way off.

James is a descretionary trader. No mechanical system. The success rate depends solely on the individual traders ability to pick QUALITY trades THEMSELF....
Which is not really the point and never really was. At least not for me. There are some good traders in that thread, probably on the pay site (but I have no intention of ever finding out anyways) and all over this site. Not the point.

It's about J16's credibility. Hence the name of this thread.
  • #718
  • Edited 12:44pm Sep 26, 2010 12:27pm | Edited 12:44pm
Quoting Sim
Maybe in our dreams, CE.

QUOTE FROM CE:
PROPOSAL
The only way I see to do this is by providing a new member qualification.
Audited Senior Member.ASM. And the provision inhouse (FF) of a whitelabel version of MT4Stats or MyFxBook on which members (who wish to demonstrate their trading competence) may maintain a credibility record of their trading ability, without disclosing private details of either wealth or live accounts. Be clear...I dont suggest anything compulsory about it.
An entirely voluntary qualifier.
Sim if I were a believer in conspiracy Id agree that every effort will be made to cloud the issue. LoL ...Just that I think it is a little more credible to see and know that a poster CAN trade profitably than to know than how many posts or how many buddies he has. But lets give Twee, Merlin et al. a chance to respond. Meanwhile.. everyone that visits here and agrees in outline with the need for better accountability.. or is pi*ssed off not knowing whether the Guy thats callin the shots on a thread is a profitable trader or just a member of the "club" .. maybe you should ...

SAY SO! AND NOT LET THIS MOMENT TO MAKE A DIFFERENCE, PASS....Yeah?

Forget about J16. Vote this and all solved.


CE
  • #719
  • Sep 26, 2010 12:58pm Sep 26, 2010 12:58pm
Quoting cliffedwards
In all the tens of thousands of words written here .. the tens of thousands of members hours spend reading what has been a Grand Pissing Contest, and an utter waste of EVERYONES time....

Ive not seen one concrete suggestion as to how to restructure matters here in FF to address the underlying issues of credibility that this thread raised. Which suggest to me that while there may be bottomless trading talent about , there is very little management talent. OR there is a deep and unspoken agenda for continued obfuscation.


In a subzero...


Allot of people go to University for years or study for a great long of time .

Unfortunately you will find out that not only many students failed but also their teachers .

What you and many here don't understand is that you look for certainty in a place where their isn't.

As long as you are not willing to accept that fact that you will never find a guarantee to be successful you may experience many obstacles in your way as a risk taker.

Once you realize and truly accept the fact, their is no place anymore for fear greed shame hesitation euphoria, their will only be a realistic objective approach to your trading.
  • #720
  • Sep 26, 2010 1:13pm Sep 26, 2010 1:13pm
Quoting cliffedwards
PROPOSAL

The only way I see to do this is by providing a new member qualification.
Audited Senior Member.ASM.
I will go a step further: (depending on the vision of the FF owners)

If you want to run a commercial site affliated to FF you should be prepared to paste and frequently update on POST 1 of your site your account statement/ easily verifiable trading record. Such a statement in your business name is acceptable. You should not be allowed to remain faceless when people's money and livelihood begin to depend on you by your own choice.

King.
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