James16 is not credible

As a former pupil of Jacko's, I'm very much in favour of whistle blowing on FF.
I'm therefore in support of onlydragon's post, whose arguments make sense.

The only thing I would like to encourage whistle blowers to do in order to increase their credibility and lower the likelihood of their posts being banned is to follow a kind of "good behaviour" attitude:
- remain polite. Firm and convincing maybe, but polite. Don't insult anyone, specially the person you are blowing the whistle at.
- write in good English if possible (it needs to be clear and understandable)
- don't squarely call someone guilty, as you may be wrong (unless you've got direct evidence, such as been a direct victim). Instead, insist on the fact that you have very strong suspicion (which is not the same thing) and explain very clearly the reasons why. Don't claim things without explaining why you think it is so.

Having said that, I need to add a personal comment. I must admit that I'm astonished at how much some fans can be blind and spend all their energy preventing others from truly challenging their mentor's practices. It's unfortunately a common attitude, which is called 'positive transfer' in psychology. Admitting that the mentor may not be what you think he is, is like killing your father. For some, it is psychologically too insecure a thing to do. I also suspect that a good scammer will create a whole set of ghost supporters who are used to discredit the whistle blower. It's part of the game...

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this is making a big assumption, maybe it also because members feel they have a good thing and try and protect the person to some extent.
The truth is our reality is based upon our own resolve, a liar assumes every1 lies because he lies.

if people dont trust its because they themselves have trust issues so all this is pretty pointless unless u work on yourself..i hope the point is clear

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this is making a big assumption, maybe it also because members feel they have a good thing and try and protect the person to some extent.
The truth is our reality is based upon our own resolve, a liar assumes every1 lies because he lies.

if people dont trust its because they themselves have trust issues so all this is pretty pointless unless u work on yourself..i hope the point is clear

this is making a big assumption, maybe it also because members feel they have a good thing and try and protect the person to some extent.
The truth is our reality is based upon our own resolve, a liar assumes every1 lies because he lies.

if people dont trust its because these same people, themselves have trust issues so all this is pretty pointless unless u work on yourself..

what has he done wrong?

Following this logic...

So, a honest person (who doesn't lie) should assume Jacko a honest person, even if in reality Jacko is not a honest person.

Or there is something you want to clarify?

U are right Navin wrote here a lot of times that Jacko is honest person. As Navin is also honest he assumes that jackos behaviour was honest. If u think his behaviour was not honest u are probably a liar.

I am a liar?!

Learning the skills of trading is a long hard road of effort and common sense. Use a modicum of discrimination when turning to others for guidance.

unfortunately it isnt this simple:- (this is just what i think)
a dishonest person will look to disceive, a good person will believe in the good nature, mostly not just and get it..

this is why theres that saying.."good people suffer" there easy prey, they only see the good and this is there weakness also that quote "if u cant love yourself u cant love any1" all stem from the same ideas i feel

what has james done to show he has done something wrong..? if people are trying to predict we all know the outcome to that in trading

this jacko person was very good..i think he pretty much fooled every1

Agree. That is why people worry history repeats!

In fact, my point was more about whistleblowing and how it is perceived rather than about why people get fooled.

However your point that people who believe in honesty tend to get fooled because they assume the other one is honest too is an interesting one. However I don't think answers are as simple as that. Real situations are usually don't summarise by an easy statement.

Moreover, it is very easy to analyse a real life situation a posteriori but often difficult to see what is happening in real time (see what happens with the market... it's much easier to read a graph afterwards).

In my situation, I must say that, concerning Jacko, I was fooled (although I usually tend to be rather paranoid) because:

- my need for someone "who knows and will teach me" was very strong at that time (I've learnt the dangers of it since...)

- I liked and trusted FF and there was a lot of positive buzz around Jacko on FF and virtually no critical posts (I didn't see them at the time - this is certainly where whistle blowers matter and also where there is heavy responsibility in the moderation of FF, who should not delete whistle blowing posts. But this observation leads me back to my initial point: if a whistle blowing post is not properly written, it will be perceived as trolling and will be deleted. If I were the moderator of a forum, I would act so with most whistle blowing posts that I read, unfortunately, because they tend to be aggressive and insulting, which they don't need to be, that's my point. So whistle blowers, do you job, but to it well!).

- he seemed to have a terrific trading history (I did not take the time to seriously dig into it and measure - my big mistake and laziness - although I understand from some posts that most of it was rewritten history, so completely useless and deceitful)

- he was kind (although looking back at it there were some strange things, which I noticed once I had subscribed, but without paying too much attention to them then, such as the fact that he completely refused to disclose his brokers names, or the fact that his whole service was organised in such a way that pupils could not have any direct contact between each other or react to his posts directly)

- he had a plausible "backdrop" (a wife, no kids, a past career as an entrepreneur, etc.)

- from his posts, he clearly was a trader (and was trading!), I have no doubt about it. His emotions would be very palpable at some moments (when he lost, in particular!!!)

- his smses were no fake smses. The trades could be placed.

I was of course disappointed by his overall performance during all the time that I followed him, and he would keep saying that he was hoping he would get back to the sort of performance that he had had before and was kind of worried that he could not get back to that level (even acknowledging at time that he was currently trading more badly than me or other traders - he really sounded nice and sincere and keep sort of a low profile). Had he had excellent performances during that time, first I would have profited from it as I could have opened the same trades as him, second I would have sent money to his fund. But I saw no reason to send money to a fund at a time when the only trader of the fund was struggling to get back to his best performance.

Hallo guys,i have been a member of the J16 group for almost an year and the only thing i can say is that the 129$ fee worth till the last one penny....i know is not a cheap price for many of us,but in my case it would cost me a lot more money to learn without those principle that James and guys teach.
I am not profitable or better, i have completed my 2 profitable months in a row,with a 3,7% gain and 0 drowdown......but the journey is long so i dont't consider myself a profitable trader yet.

If you want any clarification about this post or ask me something you can pm me.....

And as final point....Jacko ask you to pay 500 $ giving you his "bla bla bla".
I was a jacko tourtle, and i give up because i could not understand his method.
James ask you to pay for a service that as i told you is very valuable......
He doesn't ask anything else....so what can he steal from you???

Benem.

Benem you are young trader,

Everytime when i see these kind of post i must answer becouse that is my spirit.I extend positive energy and knowlegde.First,i must answer,what he can still from you,you can still money and time.Forex isnt matematic where is 2+2=4,and nobody cant know future.All things about Forex you can learn for free,forums,sites,free webinars ....But i think people psyhology is if i pay,that will be qulitive from free sources!I can tell you one thing,i didnt pay any cent and all i learned is free and you can find on net.I am profitable more than 2 years and that can be your way also...Think about that...

Petar

I'm also a member of the J16 private forum. I ended up on this thread reading the end of the Jacko thread. I am in what I believe is the startings of a good trend but wanted to keep my profits and not give them back each time there was a retracement.

There is a lot of good stuff on the private J16 forum. It is quite expensive to become a life member but then you are a life member and there is nothing more to pay.
The stuff is mainly solid price action and support/resistance. If you learn it well and apply it you will make money.
They have webinars every week. You can ask questions, go through the charts, get another opinion in a way that is more difficult on forums.

It isn't a scam it's a website where the members use price action trading. There nothing more to it than that. No adverts selling you anything, nothing but videos, forums, chat rooms, webinars.

If people chose to pay then that's up to them. You pay monthly for a year. You could stop after the first payment but most people carry on for the whole year.

If you don't like the methods or you think it is not worth the money to become a life member then leave it alone. The J16 thread on FF is still busy, it is still one of the best run and most orderly threads out. There is still lots of free help given.

So don't understand the criticism. All this bank statement stuff and swindling millions of dollars out of traders. You are making this up. There aren't enough people in the private forum to amount to millions of dollars so as a point of fact that is malicious bull shit.

Its realy simple, there is no need to buy antyhing to become a trader , you will find all informations on the net for free , and if you havent the ambition or time to search and filter this informations you shouldnt trade at all.

And of course, the best scammers are very kind person, but kindness is totaly irrelevant in buisness , just ask for clear facts , like banksheets, tax sheets, trading performance tracked by pages like myfxbook and stuff like that(of course if its just a fellow trader showing his strat in the puplic totaly for free then there is no need to ask such things) , if the guy has nothing but excuses or even worse insults , dont even think of spending just one cent (euro or dollar cent doesnt matter in this case

An expection about the "never pay" rule is of course paying your broker and if your sure that you need some certain tool and cant code it yourself, but thats a different story.

I have given this some thought and have decided that it might be of some benefit to post this.


About me
I became interested in forex in 2008 when I wanted to learn about what the whole "credit crunch" thing was about.
I then learnt about other people who were at work who were traders too and they showed me their charts. One guy was a qualified br0ker and had worked for a big company to gain learning experience.

I got onto Forex factory, going through every possible system and failing every single time. I came across the J16 thread, just like the rest of them.

I read the whole thread up to 2010, it was then that I realised that the people that were helping were doing so not for their own benefit, but for the newbies.
Most threads become so complicated with indicators and signals that is so hard to follow, then they set a private forum and a pay only site. See Fxpimps or the C4 thread to name a few..But the James16 chart thread is different, so many other people from other forums reccomend this one thread its rediculous. I cant even see it as a thread, its more like an institution.
Even though some of the things in the James16 thread didn’t make sense to me I decided to pay for the PF. The fee wasn’t an issue, in fact I wanted to pay the whole thing as a onetime payment.
****It is the first time I have put money down to learn about forex****
I had other things going on in my life so I took a break from learning, but I kept my subscription. The year ended for me in April, I became a life time member but hadn’t really spent a lot of time on there.
Came back recently onto the PF and its great, the forum is cleaner than this one; everyone is helpful and means business. No BS.
The material is great, clear, I make notes and I’m learning all the time. The instructor’s videos were great and it was only recently that a 'light' went on in my head that things were starting to make sense. Everything was falling into place.
I’m not a successful super trader, I’m not even live lol, but has my learning curve gone up? Sure has! Well I improve over time? Of course.

I was surprised that anybody would have any issues with james16 and his PF or indeed his public thread, but it’s understandable considering the background of things at present.

I think you need to judge for yourselves. Read the public forum, does it work for you? If not then you can leave it, your choice. If you want to get in further, you can pay for the privilege.

James character

I think only James could have come to this thread and turned it around in such a way. I laughed when I saw his post because I knew that a man of his calibre, character and sincerity would win any person over.
* You can’t keep a good man down*

Why I joined the PF
I love digging old posts and finding little nuggets of gold in them. It’s all there in such beautiful little threads from circa 2005, preserved.
When I see some of the pros that are with us today saying "OMG I’m such a newbie" it made me realise that they were in our boat once before.
Have you read any of James16 posts before the james16 chart thread opened? Before there even was a private forum?

I joined because I realised that James was a man that I could approach and not feel intimidated or 'made to look stupid' I knew that he was professional, polite and a big hearted man.
I see myself in him, since I was very young I have always tried to do the best that I could for my fellow man and to perform my duty to my family and those around me.

Could I trust James16 with a few quid a month? LOL! If my total cost of subscription were mere pebbles, why, I would trust James16 with the Himalayas!

What general wisdom would suggest we do?

Whenever you find someone that you don’t know anything about, the first thing you should do is to find out who he associates himself with, what others say about him and when you challenge such a person, what his reaction is.
I think the james16 chart thread and what James16 himself has done in this thread should answer this question.

Of course the other way is to find someone who would be a witness for James16.
A witness that is an enemy to James16 and so would not paint a rose tinted picture, but would also have to tell the truth with proof. Look at those that have left the PF, for what ever reasons that they had, do any pf them say anything nagative about James16? I have yet to meet a single bad word about James16 from someone who has known him for any given amount of time.

We are all logical and intelligent people here, we come from different backgrounds and upbringing here. I know in the background of things soem of us are hurt and angery, are you angery at James16 or at yourselves for being duped by charlatans?
Many say that this forum is sinking into the abyss. But guess what ****We are the forum!****
We as individuals make up FF and like the spokes in a wheel, our individual strengths help to maintain the whole.
If we look at the forum and are disheartened, then perhaps we should look at ourselves and find what we have done to fix this. Are you adding to the barrage of rubbish that seems to frequent this site?
Or are you making sure those people who disrupt the running of the forum and besmirch the good image and name of those long established members are being kept in check?

So Ask yourselves these questions.

1. So who cares if James16 hasn’t shown us a statement of his account, why don’t we see the bank statements and homes of those naysayers?

2. If you think that James16 thread is an atrocity and a scam, perhaps you should enlighten all of us and show us a teaching tool or a thread that is free and not a scam?

3. If these naysayers were so good at spotting scams - are they in fact incriminating themselves? Perhaps they should teach us for free.

5. If you were in james16 shoes and had been trading for 20 plus years, then someone comes to you and says "I would like you to teach me", does the teacher have a right to ask for a favour in return for his effort? Hasn’t every teacher that you have ever met done the same? So how does this make James16 a scam?

6. If a student comes to you and says “I want you to prove to me that you are successful, I want you to teach me and I want you to do it for free" can you not see how this makes no sense?

Please let’s all grow up and use our brains that God has given us. Let James do what he wants, you naysayers are not a manager or a judge on his heart.
Likewise, I am not a judge on those that are screaming "scam"

Be cool guys. Be professional, control your emotions, perhaps you can listen and your trading can benefit from it.

Regards
Pf

PS Oh BTW, I call myself penniless frenchman because i am neither

FLJ,

Fair comment, IMO, but if you read the earlier posts, you'll realize that nothing short of Price Waterhouse audited accounts of Jim's personal trading will convince these hardened skeptics, who apparently believe that "those who know how to trade, make all of their income from trading; while those who don't know how to trade profitably, teach".

It seems odd to me that folk would rather pay the market to teach them how to trade, rather than taking a chance that a suitable mentor might help shortcut their learning curve. However, that is their choice. Each to their own.

David

Why i call him is a con artist?
he said he had 25 years profitable... now i dont need 25 years bank's statement from him...i only ask ONE year only ... ONLY ONE..... and he still not able to do that

Secondly you said you learned a lot from james... yep a lot you subscribe from 2008 , now i want to ask you how much you earned from start of your career in trading?

Thirdly , i cannot show you a good teacher . Have you ever heard: the one who can trade then trade, who cannot trade then teach . What do you think? Waner buff open a class with 100 dollar sub a month or even 1000 dollar for a person ? Will he do it? if he could earn 1000 times more than that? why must he teach? Ask james 25 years profitable why he must teach, promote and everything to make you guys sub?

So my bottom line is : i do not know who can teach ya trading profitably with only 1000 dollar fee... well in fact i believe it will never happen
IF you really want to learn how to trade. Do you know Mr Gann? he is a legendary trader with bank's statement audit and he charge a lot lot of money at his time.

If you want to be a good trader then i give you 2 choice
1) Save money and pay for someone who can teach you trade after they show you bank's statement cover at least 2 years trading with constantly profit. That's could be million dollar deal. But it worth it since you could earn it back in several years

2) DO it by yourself... It's free and time consuming...

Other than that...i dont know any other way or you keep donating to feed the scam like you did in 3 years and do it 30 years more ... you are going to go no where bro, James failed at trading now he can only teach... or one day you can be alike him...teaching and forget to be a REAL trader

I think you need to read my post again dear dragon.

Regards

oh and thanks for giving such a measured response.

Precisly hanover, there are other ways to learn.
- the market - hardest and most expensive teacher
- Free/public forum - see twee's recent postings about this
- A mentor - fastest learning curve, can tailor teaching to your strengths and weaknesses and can provide direction. possibly the cheapest.

Take your pick. I cant think of any other approach.

All the best.