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Tsunami Trading Educators


http://www.tsunami-trade.com/

Here comes another system--which costs a whopping $6500--that claims to use no indicators whatsoever, only proprietary charts, to day trade the ES. I swear these sites are multiplying faster than roaches in an old soup can. What is so special about trading on price action? It's been done ever since markets existed but lately has become so new and vogue.

I've taken the free trial a couple of times and I'm not impressed. It obviously is targeting the novice trader who has spent a lot of time and money on other trading tools and still is losing money. Who else but the desperate and/or naive would wire $6500 to someone's bank account who, like most others in this con game business, won't even disclose their name, let alone a phone number. In addition to sending your money in a non-recourse fashion, new members are required to sign an unbelievably one sided disclaimer http://www.tsunami-trade.com/disclaimer.html that doesn't even tell you where this company is located. In addition, a search under "who is" reveals an anonymous front hosting company (Tucows).

In fact, the guy who runs this shop (Blade) is so paranoid and secretive that he doesn't even let other members communicate amongst themselves away from the room. He totally forbids any sharing of emails, IM, or Skype and is lightening quick to erase any such posts. On several occasions I witnessed him bleeping out this type of info AND admonishing the person who posted.

What I found particularly interesting was the use of shills in the room to praise and tout the system to the folks who were in for free trial. This is a variation of the three card monte scam in which the people winning money right and left (in this case alleged "members" who expound the virtues of this system ad nauseum) lure the unsuspecting visitors to get on board. Blade himself is the biggest showman when he makes the right call on a trade, making it seem that the magic secret of interpreting price action through this so-called proprietary system is the answer to your dreams. And indeed, the website has all the bait with pictures of folks living their fantasy lives on some tropical island with a Ferrari in the driveway.

In the two weeks I spent in the room, I calculated a win rate of approximately 59% as defined by a trade making one point before hitting a 1.25 stop. No great shakes. Blade claims the system is "robust" in that it gives many signals during the trading session. (I witnessed 10 calls in one day.) When a trade gets stopped before profit Blade has a litany of excuses that are too long to mention in this thread; suffice it to say as any true conman, he knows how to put a spin on the negatives as if it really wasn't all that bad. For example, the market is "acting violently" and the price action, therefore, can't be properly discerned. Blame it on anything but the system. After a couple of quick stopouts in a row, he takes a break as moderator and the room sits in silence.

Although I'm not privy to his secret system, my observations tell me he uses a short term candlestick chart (10 or 15 minute) calling out buys at obvious support and sells at resistance. Anyone with a rudimentary understanding of technical analysis and chart reading could easily make the same calls. I also believe he uses a modified pivot point for his early morning calls which I did find funny. (f X price is broken, expect to go to Y and if that is broken, the Z and vice versa for the upside).

The free trial is worth the price of admission for entertainment, but not much else.



one of my favorites bands the buffalo springfield sang "theres something happening here what it is aint exactly clear"

prls says he made $ and redsioux says the system didnt. clue--> prl how many contracts did you trade yesterday morning when you grabbed the 3 puntos?

dont drink too much eggnog gang. hohoho merryxmas.

max
Congratulations prl. I guess you are John S in the room. It would be so helpful to everyone in the room if you could teach your methods to Blade. You obviously know a much better system than he does. Too bad you didn't get the half million $ instead of Blade.

The first thing blade did today is change the strategy again. Couple of days ago he instituted the "Gamini stop" courtesy of one of his students. Today he scrapped it. When is he going to learn you have to back test and forward test changes to the system before implementing them?

Blade called 4 official system trades this morning. He pointed out several other entries after the fact. There seemed to be a few people making money, but they were not taking the system calls that blade called. And they only posted their "chings", not their entries. Student Gamini told about how successful he was with Tsunami, but he was not even using the same chart setup as Blade.

The official system trades Blade called:

9:48 Sell 24.75

10:26 sell 26

10;34 sell 27.50

10:51 sell 27.25

If you are a 1 lot trader, you lost 3 tics today.

If you are a 2 lot trader, you made 0 points.

If you are a 3 lot trader, you have lost 2.5 pts, but you might be still short 1 lot so you may or may not make money today.

The figures are net, not per contract, and before commissions.

Blade says the system had a good day today. He hopes that the people who have been posting negative comments in this forum will take a step back and see "the power of the system".

Blade, we indeed do see the power of the system. It is great in "retrospect". Can you tell us which broker to use that allows us to trade in "retrospect" and we will all be rich in 2007.

Blade is taking next week off. Can't wait to see what changes will be made.

quote:
Originally posted by redsioux

Congratulations prl. I guess you are John S in the room. It would be so helpful to everyone in the room if you could teach your methods to Blade. You obviously know a much better system than he does. Too bad you didn't get the half million $ instead of Blade.

The first thing blade did today is change the strategy again. Couple of days ago he instituted the "Gamini stop" courtesy of one of his students. Today he scrapped it. When is he going to learn you have to back test and forward test changes to the system before implementing them?



Blade called 4 official system trades this morning. He pointed out several other entries after the fact. There seemed to be a few people making money, but they were not taking the system calls that blade called. And they only posted their "chings", not their entries. Student Gamini told about how successful he was with Tsunami, but he was not even using the same chart setup as Blade.

The official system trades Blade called:

9:48 Sell 24.75

10:26 sell 26

10;34 sell 27.50

10:51 sell 27.25

If you are a 1 lot trader, you lost 3 tics today.

If you are a 2 lot trader, you made 0 points.

If you are a 3 lot trader, you have lost 2.5 pts, but you might be still short 1 lot so you may or may not make money today.

The figures are net, not per contract, and before commissions.

Blade says the system had a good day today. He hopes that the people who have been posting negative comments in this forum will take a step back and see "the power of the system".

Blade, we indeed do see the power of the system. It is great in "retrospect". Can you tell us which broker to use that allows us to trade in "retrospect" and we will all be rich in 2007.

Blade is taking next week off. Can't wait to see what changes will be made.





There were several of us in the room posting profits today as I recall. If you were not one of them, that is unfortunate. I think the real issue here is that, like every sytem/method out there, some people can make it work and some cannot. I have been thru many systems, paid lots of money like all the rest of you. I have been able to make this one work. If you cannot, you should move on and find something different. Staying in the Tsunami room is obviously not best for you.

Good luck in your trading.
It would be so helpful to everyone in the room if you could teach your methods ..............

By the way. I am using nothing other than what I have learned in the Tsunami room.
quote:
Originally posted by prl

It would be so helpful to everyone in the room if you could teach your methods ..............

By the way. I am using nothing other than what I have learned in the Tsunami room.



I am puzzled. You said you are only using Tsunami system. Blade tells all the potential students that after they have gone through his weekend class (approx 5 to 6 hours of teaching) they will be "able to trade profitably". He also has said hundreds of times that the purpose of the software is "so that everyone will see the same trade and have the exact same entry".

So how is that YOU are trading profitably and Blade is losing his shirt? When he changes strategy, do you change with him, or are you still trading Tsunami the way he originally taught? Do you incorporate Market Profile and Elliott Wave into your trading as he teaches, or do you just trade the "mechanical method" he teaches? Do you use sue levels? Gamini methods?

We would love it if you could post your trades in the room WHEN you enter instead of when you exit for a winner. Maybe then we could figure out how to use the Tsunami system correctly. Or better yet, maybe Blade would let you moderate for a week. All the people who paid $6k for Tsunami would love to find out how to trade it profitably. I am sure they would even come in here and post all their trades, sing his praises, and Blade would have so many students he could retire.

I am serious. Please get Blade to let you teach us.

quote:
Originally posted by prl



There were several of us in the room posting profits today as I recall. If you were not one of them, that is unfortunate. I think the real issue here is that, like every sytem/method out there, some people can make it work and some cannot. I have been thru many systems, paid lots of money like all the rest of you. I have been able to make this one work. If you cannot, you should move on and find something different. Staying in the Tsunami room is obviously not best for you.



I agree with you, after 16 pages, it is obvious the tsunami system is not for everyone. Apparently it works for some and does not work for others. Clearly redsioux falls into that latter camp, it simply does not work for him. Thus, I am sure redsioux is more than ready to follow your suggestion that he "move on", as soon as Blade refunds him the $6,500.

Also, if your posting profitable trade exits, without first posting the entries in real-time, then those exits are not valid. Anyone can look at a chart and in hindsight claim to have captured that nice profit, and make the post in the room: "exiting for 3.5 point profit." This is a basic tenet of any trading room, never post an exit without a valid entry post already logged in the record.
quote:
Originally posted by myptofvu

quote:
Originally posted by redsioux


I have been in a lot of these of rooms





What other rooms have you been in and were you successful in those? I'm guessing not.

quote:
Originally posted by prl


I am using nothing other than what I have learned in the Tsunami room.



prl, I think you can clear up this confusion very easily by posting your times of entry (and exit if they need it) for today's trading. We can then compare them to Blade's entry calls. The goal with this exercise is to help redsioux and others come to a more clear understanding of the performance your achieving using tsunami. Since they know the actual system, they should be able to easily identify the tsunami signals on their own charts, which should clear this matter right up.
quote:
Originally posted by myptofvu

quote:
Originally posted by redsioux

[quote]Originally posted by gfg1

I have been in a lot of these of rooms





What other rooms have you been in and were you successful in those?



I have been all the places that you and Blade have probably been. Obviously I am not successful or I wouldn't still be searching.

Just like Blade has said so many times, "none of those other sytems work". Or the quote I like the best, when he talked about his experience in the other rooms: "I have been everywhere and seen everything that is out there. I was in all of those other rooms, and I couldn't be profitable. When I talked to the guru, they always said it was my fault, that I wasn't trading the system correctly. Tsunami is different. The trades are very objective, and you will be able to see the trades just like I do."

So what is the problem? How come a few students are making good trades and HE is not? Why is it that the strategy is constantly being changed? How come 2/3 of the people who paid $6k are GONE. Did they get rich and retire from trading in a few months at Tsunami? Curious minds want to know.

I ask the same thing of you as prl. If you are trading profitably using Tsunami, get Blade to let you teach us the secret.
I dont know about you guys but ever since Blade chaged the sensitivity of the tool the system has gone to crap. What do you guys think?
Is blade's name John by the way? From what i ve seen, his latest scam is TsuBot, which he claims has an extremely high win rate in all markets. Watching it trade live, it's obvious that reality is much different. Interesting that he only takes into account the first profit target which is no more than eg 3 ES ticks or 5 GBP/USD pips (which is really 2 after spread which he totally ignores, but that should be expected as he has never placed a real trade himself). The corresponding stop loss is several times larger, a sure recipe for disaster. Avoid them at ALL costs no matter how tempted you feel to waste 6-7k