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James16 is not credible

  • #801
  • Sep 28, 2010 7:45am Sep 28, 2010 7:45am
Quoting supremeChaos
so u are one of those sitting on the fence, wanting to join his group??
Yes or no?
btw, u are not hiring james, u are just partaking of the private forum. there is a difference. u would be hiring him if u let him manage your money.
No. I have no desire WHATSOEVER (as I've already stated in my posts). Surprised you didn't pick up on that since i know you're a big fan of the "quote" button on forex factory.

Quote
if that was sincere, u are welcome.
It wasn't.

Quote
do due diligence the correct way. dont do it while maligning & demanding too much from others.
What is the "correct" way? Take SupremeChaos' word that James16 is a good/profitable trader? I'm "demanding too much"?? I think I've made it clear how easy it is to display a track record on myfxbook. Oh and since you seem to be such a big fan of the quote function -- please quote me the part where I maligned someone? I've certainly been more civil than many others on this thread.

Quote
So i'll rest my case.
Thank god.

And I'll move on too. Clearly there are enough true-believers here that voicing any contrary opinion around is just counterproductive. Best of luck
  • #802
  • Sep 28, 2010 8:52am Sep 28, 2010 8:52am
trav the group makes very little money for me personally compared to my trading and 2 other businesses. thats not a secret to those that have been around for a while. ive said that many times over the years.

the group has never been higher than number 3 in any year since its launch on my income list.

i dont publish a public trading statement for a reason that you would fully understand especially if you have a family with small kids.

i have been truthful and honest for 5 years with everyone that has crossed my path here and that will continue.

my record of producing succesful students is unmatched in the business and it has been accomplished with never a dime having been spent on advertising. it has been accomplished with unmatched integrity and honesty.

thats a fact.

i dont tell people when to trade and i dont manage peoples money.

if i ever do decide to open a live trading room or manage peoples money i will provide a statement on an account that i trade in a similar manner.

i had 14 seperate trading accounts last year and 12 of the 14 showed a profit. i started this year with 13 and all 13 show a profit so far.

i wouldnt show a trading statement to the nut jobs in the forum world in a million years.

i might be old and a bit crazy but im not stupid. my wife would have a complete meltdown. she has been telling me for 5 years its nothing but my ego that keeps me doing this. i disagree with her. i enjoy helping people. is there some ego involved? probably. lol.

folks if there is a decent bone in your body please understand......

i run a small site that gives people a safe and fun place to learn how to read charts in a way that made me a succesful trader.

i also offer a free place that does the same thing if someone cant afford 129 a month or simply doesnt want to spend it.

i help far more people for free than paid and ive been doing that for 5 years guys.

this very thread that was created out of hate and a desire to discredit me (why?) has caused the single biggest spike in subscriptions my group has ever experienced.

why? its karma folks. light always overcomes darkness.





jim


Quoting travpip
the obvious statement is that James16 primary income is from his monthly subscriptions to his private forum. Does that make him a fraud? i dont think so. Can he trade? well i am not sure, there is no proof. Does he teach a method that is can be profitable if applied consitently over a long period of time? Yes.
Everyone, after a while, can spot pin bars and plot S&R zones, and post a chart, however that doesn't mean they are succesful - even if they have merlin head attached to there body
Its the long term real time execution and the long term discipline...
  • #803
  • Sep 28, 2010 10:33am Sep 28, 2010 10:33am
Due to J16 teachings, I had a lot of confidence when I took this trade.
Was I able to learn this overnight? NO. It took a lot of hard work on my end and a lot of patience on the part of the guys over at J16.

He taught me to trade LESS. When I am on his site I can relax and focus on the task at hand knowing that I am not going to be wasting my TIME sorting through a bunch of.....this stuff.

I can go right to the area that I want to further study.

They did not give up on me and I did not give up on them. This is the result of that. I have asked questions and they have called ME and walked me through it. MIKE CALLED ME!!!

I am not one to run around and say look at what I can do. So I will offer this post and move on.

I wish you all the success your will to work for.
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  • #804
  • Edited 11:09am Sep 28, 2010 10:52am | Edited 11:09am
Quoting travpip
the obvious statement is that James16 primary income is from his monthly subscriptions to his private forum. Does that make him a fraud? i dont think so. Can he trade? well i am not sure, there is no proof. Does he teach a method that is can be profitable if applied consitently over a long period of time? Yes.
Agree. Perhaps, his private forum subscriptions is in fact his only income. Not sure.

The more he talks about his personal life, the more difficult for me to believe he can trade for a living. Nevertheless, I don't think it is a problem at all. As people said,

Those who can trade, trade.
Those who can't, teach.

If he can teach well, it is great; other do benefit from his contribution on the free thread. Why bother about whether he can trade???

He doesn't has an obligation to prove himself to onlydragon or anyone. However, it is simply unrealistic to convince others by keep making claims about his personal life without proof. After all, claims without proof remain just claims.

I don't even know whether s/he is a man or woman, a young person or an old man. Does s/he expect other to believe every details of his/her personal life??

By the way, his reasoning is interesting.

Quoting james16
i dont publish a public trading statement for a reason that you would fully understand especially if you have a family with small kids.
But I do admire his marketing ability

Quoting james16
never a dime having been spent on advertising.
All commerical service has responsibility to customers and has to face criticism. Who does he think he is? He thinks he is light and others are darkness???

Quoting james16
why? its karma folks. light always overcomes darkness.
After this 54 pages, the most credible post to me is still KGB's one:

Quoting Trader KGB
*sigh*

I really have reservations partaking in this thread....
  • #805
  • Sep 28, 2010 10:58am Sep 28, 2010 10:58am
still a cricular and pointless argument with both parties having valid points
  • #806
  • Sep 28, 2010 11:54am Sep 28, 2010 11:54am
Quoting Sim
still a cricular and pointless argument with both parties having valid points
What can you do?

He wants others to be convinced; meanwhile, he doesn't want to give proof.

That is the pointless point.
  • #807
  • Sep 28, 2010 12:04pm Sep 28, 2010 12:04pm
Quoting kk007
What can you do?

He wants others to be convinced; meanwhile, he doesn't want to give proof.

That is the pointless point.
agreed, but his point is also he is an educator and that role does not require proof, unlike jacko who was doing managed accounts and naturally proof was required in that case

and the principle of those who can, do, those who can't teach is all well and good but you are forgetting that teaching can be done without applied practice. teaching is theory, j16's material is based on theory.

you don't argue with your sports coach because he doesn't have a proven track record in the past, you take him for what he is. you don't argue with your kindergarten child's maths teacher because he doesn't have a degree in maths

etc etc
  • #808
  • Sep 28, 2010 12:09pm Sep 28, 2010 12:09pm
Quoting Sim
agreed, but his point is also he is an educator and that role does not require proof, unlike jacko who was doing managed accounts and...
Yes. I understand what you said. A top football trainer may not be a footballer himself.
The problem is he want to convince others he is a successful trader, not just an educator.
Otherwise, there will be no problem.
  • #809
  • Sep 28, 2010 12:16pm Sep 28, 2010 12:16pm
Quoting kk007
Yes. I understand what you said. A top football trainer may not be a footballer himself.
The problem is he want to convince others he is not just an educator but also a successful trader.
Yessir, and the best we can do is make our own reserved judgements...naturally everyone would have varying assumptions about the person being qualified enough, despite what he claims. In the football team, they would have different perceptions regarding the coach's ability and therefore his own claims of previous accomplishments. Furthermore, if the coach were to be called out, then it would simply but done as a somewhat one-time event, with the outcome being solid for one of the parties.

But all I mean is here, via the net, there will be no outcome of any solidity, so why bother once both parties have made their case clear?
  • #810
  • Sep 28, 2010 12:55pm Sep 28, 2010 12:55pm
Wow ..what a surprise. I never thought this would happen to James. I just saw this thread in commercial forum couple mins ago and I couldnt belive my eyes. I thought its my job to post something here so there you goes.

As a newbie I were very lucky to find forex factory and Babypips which helped me a lot in my forex education. Up to date what I learned most from these (especialy in the FF) is that there lot of ways to loose your money. Up to date I havent spend much for forex education other than some books and of couarse James16 PF. I thought to join the James16PF only because the material in it is very healpfull for me. I hv been there as a member for couple of months now but I am yet to become profitable in James material simply because my inabilty. I wasnt in the PF for a sprint but for a marathon so I dont care it takes 4 . 6 or even a year. Only thing I know is that i learned a lot in the PF and its true that I could buy loads of books for the price I paid. But you know what I never read any of the books I bought. But I read most in the PF and heared lots of videos in the forums.

I do not know if James is profitable or not but only thing i know is that PF is worth the price I paying. The next thing I know of is best teachers may not be the best traders.As long as he can teach then thats whats matters for me atleast.

many pips to you all
  • #811
  • Edited 1:21pm Sep 28, 2010 1:00pm | Edited 1:21pm
J16,

I've had one big dream in my life and that was to become a professional trader at a firm.

I still look back on those days with a tear in my eye because I remember how sad I felt at the time.

I remember travelling home from my job everyday throughout the Winter of '06. I remember crawling through the city of London on the bus, watching life go by and wanting so desperately to be able to trade for a living or at least get a decent shot at it.

I put that dream on a pedestal and it kept me going for a long time.

But although it pains me to admit it, my math simply wasn't good enough to get past the assessment process at those firms and I never got a look in.

When I found your material I had had around six to seven years of failed trading. I'd make it. I'd lose it. I'd repeat the process.

But I found your thread and you know what happened as a result of it.

Even after first finding you I still struggled. It took a lot of time to read and absorb and practice and use some of my own experience and combine it with what you taught. But I read your material and it made sense to me in a way that nothing else did. So I persevered.

And it wasn't easy. It's never been easy. There is a pretty desperate post from me buried deep within that monster thread and you sent me a private message me after you had read it.

I don't remember what you said to me. Maybe you just said the right thing at the right time.

You alone know what you did for me and you alone know that for all the time you spent answering my questions and helping me, you never asked me for a cent and I never gave you one.

When all is said and done, I would never have been able to trade profitably and get that record without you. And without that record I would never have got in at a trading firm.

I don't know anything about the real you J16. Do you make money? Yes, I believe you do but I have no proof. And I don't want it. Because what you do for yourself is of no concern to me. What matters is what you have done for me.

As corny as it sounds, you made my dream come true. Of all the friends and family that I have that love me, to say that about a 50 year old man who I have never met and will probably never meet...well it's something I'll never forget.

God bless you sir.
  • #812
  • Sep 28, 2010 3:22pm Sep 28, 2010 3:22pm
Quoting james16

4. im either going to get stopped out on my remaining long on a retrace or im in for a possible huge long term move up if it can break 3500 and it doesnt take me out first.

simply put im with you on the long bias. as a result im going to hold on and see if it can take out 3500.
Nice work, you beat me, I completely missed the breakout after managing to get long again at 1.3418. I took a beating on the way down (-2%)and then took all my profit after I was up 1%. Really thought we were going to consolidate and I would get another chance lower.
BTC Return This Year: na
  • #813
  • Sep 28, 2010 4:22pm Sep 28, 2010 4:22pm
I have been following the streaming news from Dailyfx.com during this break of 13500. The string of positve news in Euro zones helped. The GDP of England was beyond expectation. Most of Germany news were good. The hawkish comments from ECB helped. On top of that, a Chinese official hinted USD weakness & more devaluation to come. All these just rocketed the pair from 1.3400 to break 1.3500 which was a huge barrier being a round number plus a major fib level. It had stopped the upward thrust before, but not this time with all the good stuffs piling up pro EUR and con USD. If you trade with economic fundamentals, market sentiments and when TA lines up too, it will be a complete system. My humble 2 cents.
  • #814
  • Sep 28, 2010 4:31pm Sep 28, 2010 4:31pm
Quoting yogibear
LOL!! you really are an ignorant twat!! I was in the interbank mkt for over 20 years, and guess what, S/R levels are used by the major investment banks and institutional traders, who were my clients.
So pray tell, what do you use, if S/r is kindegarten level? You obviously think your above that, so put up or shut up!! What do you use that the major players are unaware of?? Some half assed indicator system that as sure as eggs are eggs, will stop working when mkt conditions change.

Price action works. Full stop. Trend trading works. Full stop.
I've...
hey, watch your language !
You couldn't send my a PM because either you don't have enough posts in order to be allowed to send PMs or because i was temporarily suspended.

You misunderstood completely my post. I believe in S/R, price action and trend trading. I even recommended 'trend following' by Covel, as one of the ten books one can buy for the $129 j16 charges. What i meant by 'TA for kindergarten' is that those charts can be drawn by anyone with 1 month trading experience. That hardly means that he/she is profitable. And by no means, he/she has the right to charge $129/month for it. See my point ?

@Twee please tell me which senior member suspended me, and on what grounds. thanks
The worst thing I can be is the same as everybody else. I hate that.
  • #815
  • Sep 28, 2010 5:02pm Sep 28, 2010 5:02pm
LOL !!!

It's just about 129$ per month ?! come on people ! get some rest !

If those who questioned james for 129$ per month was doing anything else, it was better than putting time to type all these things here !

Try to remember, how many times we have paid more than 129$ to learn things that we don't use ? I was wondering why this becomes so important ? Those scammers are dangerous who wish to get peoples money (like my brother ! LOL), but these are not scam ! please understand what you're talking about. Understand what "scam" means. I'm sure that many traders learns at least one thing reading james stuff, so it's not scam. There are lots of psychological stuff and many other things that one could use.

I personally use james method as one of my two main trading systems and I had a very good results with it.

If one wishes to help newbies that get trapped by scammers, try to recognize the real scammers who takes people life or sell a black box for 2000$ ! not an educational site with 129$ fee !! it wouldn't kill anyone !



Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #816
  • Sep 28, 2010 5:18pm Sep 28, 2010 5:18pm
Quoting the_wizard
J16,

I've had one big dream in my life and that was to become a professional trader at a firm.

I still look back on those days with a tear in my eye because I remember how sad I felt at the time.

I remember travelling home from my job everyday throughout the Winter of '06. I remember crawling through the city of London on the bus, watching life go by and wanting so desperately to be able to trade for a living or at least get a decent shot at it.

I put that dream on a pedestal and it kept me going for a long time.

But although it pains...

Great post Tom, thanks for sharing that . .it echoes many of my own feelings and experiences.

When I first started studying the James16 Chart Thread, one post from you came across like gang busters . . . it a great post that I still revisit from time to time. Its great re-reading it as I grow as a trader, I always find something new and old in it.

Thanks Tom.

Its a bit long but well worth the read.

http://www.forexfactory.com/showpost...postcount=3504

Quoting the_wizard
Hi everyone,

I would like to comment on becoming a winning trader by cutting losses and letting profits ride because I strongly believe that it is one of the hardest things for a trader to actually do but one of the most vital in becoming successful.

[color=#222222][font=Trebuchet MS][font=Courier New][color=#222222][font=Verdana][color=#222222]I think it is particulary relevant to people in this thread that are......
Indicators show the past. Price Action "Indicates" the future.
  • #817
  • Sep 28, 2010 5:27pm Sep 28, 2010 5:27pm
Hey Jarroo,

Thanks for linking that. I remember reading it a while ago but had forgotten the post (but not the message).

Excellent post Tom, thank you. It's not so much that what you wrote was new to me, but rather that it opened my eyes and forced me to confront the truth - I was doing exactly what you describe, without reason.

I still struggle not to of course, but with practice and thought it gets easier.

It reminds me of that quote from Livermore where he explains that he makes the most money not from his doing but from his sitting. And it applies on any timeframe you want, you just have to follow the same principles and adjust the scale.

Quoting jarroo
Great post Tom, thanks for sharing that . .it echoes many of my own feelings and experiences.

When I first started studying the James16 Chart Thread, one post from you came across like gang busters . . . it a great post that I still revisit from time to time. Its great re-reading it as I grow as a trader, I always find something new and old in it.

Thanks Tom.

Its a bit long but well worth the read.

http://www.forexfactory.com/showpost...postcount=3504
  • #818
  • Sep 28, 2010 5:29pm Sep 28, 2010 5:29pm
Quoting Albatross
Hey Jarroo,

Thanks for linking that. I remember reading it a while ago but had forgotten the post (but not the message).

Excellent post Tom, thank you. It's not so much that what you wrote was new to me, but rather that it opened my eyes and forced me to confront the truth - I was doing exactly what you describe, without reason.

I still struggle not to of course, but with practice and thought it gets easier.
Indicators show the past. Price Action "Indicates" the future.
  • #819
  • Sep 28, 2010 6:01pm Sep 28, 2010 6:01pm
Most of what I've read in this thread is silly, at least to me.
Consider this;

1. Most of the scams we see on the internet are put forth with a really great sounding advertising campaign. This stuff is usually expertly written by people having a lot of experience writing this sort of thing and getting people to buy. J16 has no such campaign; if anyone elects to join the pf it is strictly by work of mouth.


2. Most of this advertising comes with much hype about how much can be earned using the system, method, software or whatever they are offering.
And there is usually proof galore; spreadsheets, account printouts, and sometimes even bank statements to validate their claims. Jim ( J16 ) has no such and why shoud he, they are meaningless. They can and are faked very easily.
Based on these facts I can't see how anyone can think J16 even resembles a scam.


Think about it.
Hej.
  • #820
  • Edited 7:16pm Sep 28, 2010 6:09pm | Edited 7:16pm
On another point, I find the title of this thread not being fair to Jim16 and those using his method. It seems to be nailing him & his methodology a fraud by the way it is titled. Perhaps it should be a question and not a positive statement, like 'Is Jim16 credible?'. Though I would prefer commercial members to show their live trades and statements (because they are selling something which can cause losses (perhaps big losses) to the purchasers and I am not referring to Jim16 specifically), I respect that it is a personal thing due to privacy issue. I will leave it to let the market (purchasers) decide, so if the sellers/buyers feel no harm to transact for not 100% transparent, so be it, as the buyers can decide 'to buy or not to buy'.

If this thread is allowed to continue with its current title, and that members who had been vocal (& suspended later) are allowed back in, perhaps it is the wish of FF management to have Jim or his supporters to call live trades (as a minimum) here to prove that the methodology has a good % of success if traded correctly by people experienced in the methology. We all know no single trade will guarantee to win, but a good methodolgy will yield more wins over extended period of time. Jim had done a good thing here to nullify the effect of the title by posting some trading insights, but it will probably not stop the verbal attack from the doubters. So perhaps if he exits from the thread, and this thread with the current title has to continue at all, then some of his experienced supporters can come in here to share their trading calls & results to help neutralize this strange thread which questions Jim's reputation. Even posting useful links to trades discussed in the free thread or some supports' trade journals will help ease the attacks. See these:
http://www.forexfactory.com/showthread.php?t=198556 or the one done by Mr. Smith as in here

http://www.forexfactory.com/showthread.php?t=104974

If nothing is done, perhaps FF management should bin the thread, because enough has been said by both sides and nothing will be achieved. Just my humble 2 cents on this thread & its purpose.
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