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Where can I learn more about Price Action like those in James16 charts? 9 replies

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james16 Chart Thread

  • #130,741
  • Apr 30, 2014 5:07pm Apr 30, 2014 5:07pm
Headed out to california and wine country for a small vacation. Will be back may 7th

Play nice

Couple charts for you guys to watch while i'm away

Got stopped out at b/e today on Amzn after it broke HARD and just missed my TP. But was a beauty. A shame on that one
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  • #130,742
  • May 2, 2014 6:21am May 2, 2014 6:21am
Quoting albchr
{quote} Hey Mike, Nice to see you and the gang still kicking here and helping folks as always. Been lurking a bit and couldn't help but catch this post and your comment about Jarroo. I can sympathize as I too am dealing with family things for a while now. Should you see or hear from him please extend my prayers and best wishes his way. Nice to see you too my brother Ghous. Been a while for me and just popping in to extend a big to all of you and best wishes going forward. God Bless.
Good to see you popping in Chris.

Stay blessed

g.
I believe . . .
  • #130,743
  • May 2, 2014 6:22am May 2, 2014 6:22am
Quoting Neytiri
{image}
I wouldn't take on those crucial lows that blatantly.

A breakout and pull back play at the 1.82 would make more sense IMO.

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g.
I believe . . .
  • #130,744
  • May 2, 2014 6:34am May 2, 2014 6:34am
Quoting Berserker
GBPNZD - Here's a trade I'm in at the moment. I saw it go to 107pips to the good this morning. I entered on the break of the BUOB marked by the arrow. I have moved my stop to BE and will only start locking in profit if we close above 1.976. {image} Now, I guess a lot of people would have taken partial profits by now, and then others would still have a full position but with the stop a bit closer. Would anyone be playing like I am and waiting for a bullish close before locking in profit? All comments much appreciated!
I don't think it matters how someone else would play it. What's more important is whether you're ok to walk out of the trade with nothing in your pocket should price bounce off 1.976.


Preparing yourself for the worst always helps keep emotions in check

g.
I believe . . .
  • #130,745
  • May 2, 2014 6:34am May 2, 2014 6:34am
@ghous what about this one.
https://charts.mql5.com/4/597/gbpjpy...g-point-of.png
don't predict direction, but dance with flow of water
  • #130,746
  • May 2, 2014 7:40am May 2, 2014 7:40am
Quoting priceaction1
@ghous what about this one. {image}
I think its very bullish, with those multiple highs.

Let's wait for some solid PA.

g.
I believe . . .
  • #130,747
  • May 2, 2014 8:38am May 2, 2014 8:38am
Quoting ghous
{quote} I think its very bullish, with those multiple highs. Let's wait for some solid PA. g.
Waiting.....
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  • #130,748
  • Edited 4:07pm May 2, 2014 3:55pm | Edited 4:07pm
I've known that the J16 group smelled rotten for a while. I just didn't know exactly what it was, beyond knowing that they had praised long banned fraudster Jacko. This is the same group that endorsed a convicted fraud and pimped his "system" not so long ago. Nothing has changed - they still know nothing more than you could find from the School of Pipsology (extremely basic stuff) and are just here to suck your money from your wallet. Let me show you the evidence. This first quote is from "James16 Group - Admin/Developer" diallist.

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Quoting diallist
Beau Diamond is the developer of the system. I cannot offer enough words of praise for Beau! The level of help and support he provides his customers is unparalleled. I am constantly amazed and impressed at his patience, generousity and genuine caring for his customers success. Again, welcome, and let your questions be heard! We are here to help! Dial
And not so many years down the line, we now have this news story from TheLedger that took a little digging to find:

Quoting TheLedger.com
Beau Diamond -- the Sarasota currency trader whose mom and dad were best selling diet book authors -- was sentenced to 15 1/2 years in prison Wednesday for running a $37 million Ponzi scheme that defrauded nearly 200 people.
Source: http://www.theledger.com/article/20101222/NEWS/12225058

This is the type of person J16 group has made deals with and associated with in the past. And you still want to hand them your credit card number?
  • #130,749
  • May 2, 2014 4:09pm May 2, 2014 4:09pm
Quoting Kanzler
I've known that the J16 group smelled rotten for a while. I just didn't know exactly what it was, beyond knowing that they had praised long banned fraudster Jacko. This is the same group that endorsed a convicted fraud and pimped his "system" not so long ago. Nothing has changed - they still know nothing more than you could find from the School of Pipsology (extremely basic stuff) and are just here to suck your money from your wallet. Let me show you the evidence. This first quote is from "James16 Group - Admin/Developer" diallist. {image} {quote}...
Hmm ...never knew about that ..

Maybe Mike can comment on this when he gets back

What happened to Diallist anyway ?

Take care
Dan
  • #130,750
  • Edited 4:50pm May 2, 2014 4:11pm | Edited 4:50pm
Quoting dan89
{quote} Hmm ...never knew about that .. What happened to Diallist anyway ? Take care Dan
I didn't know about it either. I knew they had been pals with Jacko back in the day but from what I know they were never directly involved with advertising his criminal enterprise. No clue what happened to Diallist, his last login was in 2012. Somehow he also managed to avoid being branded a commercial user, have submitted a cleanup report so that Twee can take a look. I know these types of threads are good for revenue and I completely understand why FF wouldn't want to, but if I could have it my way threads with this kind of shady history would be binned for good.

This is probably old news to a lot of people but I'm betting a lot of you like myself weren't aware since we signed up after this was done and over with. People need to know.
  • #130,751
  • May 2, 2014 4:13pm May 2, 2014 4:13pm
@kanzler
actually everyone is free to join this paied group. none is forced to do so.
i have never been and will never be part of the group.
i will never forget the positive influence on my trading due to the ff-james16 thread and i will always be grateful for that.
enough said...
meine augen sind die sterne
  • #130,752
  • May 2, 2014 4:16pm May 2, 2014 4:16pm
Quoting aserbfx
@kanzler actually everyone is free to join this paied group. none is forced to do so. i have never been and will never be part of the group. i will never forget the positive influence on my trading due to the ff-james16 thread and i will always be grateful for that. enough said...
Nobody is forced to, but I think a lot of people would reconsider if they knew all the facts.
  • #130,753
  • May 2, 2014 4:18pm May 2, 2014 4:18pm
Quoting aserbfx
@kanzler actually everyone is free to join this paied group. none is forced to do so. i have never been and will never be part of the group. i will never forget the positive influence on my trading due to the ff-james16 thread and i will always be grateful for that. enough said...
Well .. I was a member of the paid forum for several months. I dont remember Dialist being active though. But still .. would like to know why Dialist was praising this Baue guy ...

Dan
  • #130,754
  • May 2, 2014 4:27pm May 2, 2014 4:27pm
Quoting dan89
Well .. I was a member of the paid forum for several months. I dont remember Dialist being active though. But still .. would like to know why Dialist was praising this Baue guy ... Dan
There are further implications. Speculative, I'll admit, but something that I wouldn't call irrational by any means - and that is, that this group has never known how to trade. We know Beau was a convicted fraud. We know a main representative of J16 admitted they used his system for their program. If you go through the history, you'll find that these people have long represented themselves as expert traders, yet, they were promoting something that is, from the criminal case, now known to have been a failure? Or has J16 decided that they want to change their minds, and has somehow found a way to fix this paradox of claiming to be professionals while hawking a known loser system?

I'm happy to hear you only spent a few months on their paid site. From my time in forex, I don't believe much of this is legitimately useful for successful trading at all.
  • #130,755
  • May 2, 2014 7:41pm May 2, 2014 7:41pm
So someone loosely associated with the j16 group at one point or another used a system that was taught by a conman? Hardly an interesting story
  • #130,756
  • May 2, 2014 8:09pm May 2, 2014 8:09pm
Quoting Jlr
So someone loosely associated with the j16 group at one point or another used a system that was taught by a conman? Hardly an interesting story
I'm not sure I'd call pushing the conman's system as the primary program method and showering them with praise as being "loosely" associated. Being "loosely" associated is what I would say they were with Jacko.
  • #130,757
  • May 2, 2014 8:38pm May 2, 2014 8:38pm
Quoting Kanzler
{quote} I'm not sure I'd call pushing the conman's system as the primary program method and showering them with praise as being "loosely" associated. Being "loosely" associated is what I would say they were with Jacko.
Before Madoff was arrested, I'm sure people who had money with him praised him. Does that make them conmen?
  • #130,758
  • May 2, 2014 8:42pm May 2, 2014 8:42pm
Quoting Jlr
{quote} Before Madoff was arrested, I'm sure people who had money with him praised him. Does that make them conmen?
I haven't directly accused them of being conmen, but it's definitely suspicious that they worked so closely with one. Only that they used this failure of a system that was used in the Ponzi scheme as something legitimate. It tells me that they clearly don't know what they're doing when it comes to trading, as outlined in a previous post. Waste your money if you want though, it's not my loss.
  • #130,759
  • May 2, 2014 9:01pm May 2, 2014 9:01pm
Quoting Kanzler
{quote} I haven't directly accused them of being conmen, but it's definitely suspicious that they worked so closely with one. Only that they used this failure of a system that was used in the Ponzi scheme as something legitimate. It tells me that they clearly don't know what they're doing when it comes to trading, as outlined in a previous post. Waste your money if you want though, it's not my loss.
Worked closely with one? I didn't gather that from anything you posted. Just seems like a guy who may of been a victim himself....

Anyways, enjoy your weekend. And just some friendly advice, when the market opens on Monday, let this blame game go and focus on trading. Its really not going to help you, I promise.
  • #130,760
  • Edited 9:27pm May 2, 2014 9:16pm | Edited 9:27pm
Quoting Jlr
{quote} Worked closely with one? I didn't gather that from anything you posted. Just seems like a guy who may of been a victim himself.... Anyways, enjoy your weekend. And just some friendly advice, when the market opens on Monday, let this blame game go and focus on trading. Its really not going to help you, I promise.
I already trade profitably. Today wasn't exactly stellar from NFP but still managed to scrape something out of it with low risk, so don't try to act like I'm bringing this up because I'm blaming some failure on J16. I'm bringing this up because I had been suspicious before and this little gem of underpublicized information has lent credit to that. Whether or not J16 were "victims" in this or not (I highly doubt it, although I'm going to be careful with my accusations here), they still advertised using some crap system that couldn't trade its way out of a paper bag if the con is any indication. I'm just pointing out the facts found in the news publication and diallist's own words, and in my opinion, they point to not only lack of the professional status they claim but total incompetence with regards to trading. Combine that with 6540 pages and a website full of junk and feeble and scant evidence of actual profitability from our J16 gurus, and it should intuitively point anybody with an even slightly functional BS meter in the right direction. Everybody is allowed to take the information presented and interpret it as they like, I suppose.
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