No registration required! (Why?)

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.



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.

Can you be more specific without divulging any names? Such as I learned divergance trading or support & resistance, fib, etc...

BTW I'm glad to hear that for the first time in days you seem eager to open yourself up to learning.

I'll help if I can.
since this is the most popular topic and the most negative i thought id check out trademaven to see if tsunami was still around or dumped. its still around.

from the homepage:



"Successful traders have at least one thing in common: a methodology for trading. Trading the futures markets without a plan of action is a recipe for failure. As part of our commitment to our clients success we have partnered with the best educational resources in the business to help develop your trading plan. Each of our partnered educators have been rigorously screened to ensure they are providing honest, clear, and concise market analysis for our valued customers. To further assist you in putting these plans into action, many of our educators have their analysis tools built directly into our execution software."

they think tsunami is one of the best in the business. thats says alot from a reputable broker doesnt it? so im here scratching my head wondering why so many folks are unhappy. human nature being what it is bitchin is easier than praising but theres got to be more to the story here.

max

quote:
Originally posted by redislk

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?



I think the whole switch to Trademaven made no sense for anyone except Blade. He gets a huge database of potential clients, 1000's of dollars worth of advertising, and credibility from their endorsement.

He switched his whole system over to their software with NO backtesting or forward testing. What's up with that? How could he possibly know if it worked or not? According to him, he was successful with the Tradestation version for anywhere from 1 to 3 years. If he wanted to trade the trademaven version side-by-side for at least 6 months, then he would have a basis for the switch. But you can't judge a new system in a few days which is what he did.
quote:
Originally posted by myptofvu


Can you be more specific without divulging any names? Such as I learned divergance trading or support & resistance, fib, etc...


....I'll help if I can.



Why would my past experience in these other rooms have any bearing on Tsunami trading? Blade said we should get rid of all that other stuff, we wouldn't need it when learned his stuff.

Glad to hear you want to help. Since blade will be gone next week, ask him if you can moderate the room while he is gone.
quote:
Originally posted by pt_emini

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.



I'd be happy to do that in the room if he asks.
quote:
Originally posted by max

since this is the most popular topic and the most negative i thought id check out trademaven to see if tsunami was still around or dumped. its still around.

from the homepage:


.... Each of our partnered educators have been rigorously screened to ensure they are providing honest, clear, and concise market analysis for our valued customers......

max





Here is a quote from the Tsunami Website:

"Even after learning our system we require all our traders to papertrade until successful for at least 20 consecutive days. After achieving 20 consecutive profitable days in your simulated trading, students can begin trading with just one E-mini contract."

Ask Trademeaven to provide proof that Blade has ever traded profitably for 20 consecutive days in a row. If they can, I will never post in this forum again.
quote:
Originally posted by redsioux

quote:
Originally posted by myptofvu


Can you be more specific without divulging any names? Such as I learned divergance trading or support & resistance, fib, etc...


....I'll help if I can.



Why would my past experience in these other rooms have any bearing on Tsunami trading? Blade said we should get rid of all that other stuff, we wouldn't need it when learned his stuff.

Glad to hear you want to help. Since blade will be gone next week, ask him if you can moderate the room while he is gone.


You didn't answer the question, and yes it can have a lot of bearing.
PRL,

I appreciate your conterbalance on this topic. But I'm scratching my head on this one. Redsiuox posted today's calls in the Tsunami room, as follows:
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

He says they were all losers, yet you claim you made profits. Please share with us your profitable trades for today so we can see how you are using Tsunami to your advantage.
quote:
Originally posted by felix

PRL,

I appreciate your conterbalance on this topic. But I'm scratching my head on this one. Redsiuox posted today's calls in the Tsunami room, as follows:
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

He says they were all losers, yet you claim you made profits. Please share with us your profitable trades for today so we can see how you are using Tsunami to your advantage.



Anyone in the room saw my trades. Ask me in the room next week and I'll show you what I did today. Not trying to avoid the question, but I'm not going to discuss details of my trading in this public forum.

Good luck to you all.

That's it for me.
quote:
Originally posted by prl

quote:
Originally posted by felix

PRL,

I appreciate your conterbalance on this topic. But I'm scratching my head on this one. Redsiuox posted today's calls in the Tsunami room, as follows:
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

He says they were all losers, yet you claim you made profits. Please share with us your profitable trades for today so we can see how you are using Tsunami to your advantage.



Anyone in the room saw my trades. Ask me in the room next week and I'll show you what I did today. Not trying to avoid the question, but I'm not going to discuss details of my trading in this public forum.

Good luck to you all.

That's it for me.

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