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.
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.
To those who do not know, Blade polls each new member on what trading systems they have tried in the past. He would like to discover who redsioux is so he can give them the boot from the room.
prl,
Instead of telling us next week what you did today, why not tell us your member name now, and make the entry calls live in the room so we all can learn from you?
Instead of telling us next week what you did today, why not tell us your member name now, and make the entry calls live in the room so we all can learn from you?
quote:
Originally posted by scratched
To those who do not know, Blade polls each new member on what trading systems they have tried in the past. He would like to discover who redsioux is so he can give them the boot from the room.
I did not know that. I was never polled. I specified no names, but Red if your not comfortable don't answer.
quote:
Originally posted by scratched
prl,
Instead of telling us next week what you did today, why not tell us your member name now, and make the entry calls live in the room so we all can learn from you?
you guys are hilarious....you all want to know all kinds of details about me and my trades, but you won't even be upfront and admit who you are ask these questions in the room. hahahahaha
I'm outta here.
Redsioux,
Lets go about this a different way. What did you like most about these other rooms? What would you say were their strongest signals? If you could take only one thing away with you from these rooms what would it be?
Lets go about this a different way. What did you like most about these other rooms? What would you say were their strongest signals? If you could take only one thing away with you from these rooms what would it be?
PRL,
I will not be in your room, as I am not a member. I was merely giving you an opportunity to gain some credibility before the observers on this forum. You know, prove you are not a shill.
I will not be in your room, as I am not a member. I was merely giving you an opportunity to gain some credibility before the observers on this forum. You know, prove you are not a shill.
quote:
Originally posted by prl
quote:
Originally posted by scratched
prl,
Instead of telling us next week what you did today, why not tell us your member name now, and make the entry calls live in the room so we all can learn from you?
you guys are hilarious....you all want to know all kinds of details about me and my trades, but you won't even be upfront and admit who you are ask these questions in the room. hahahahaha
I'm outta here.
I am new to this whole forum thing, and thought my question was a reasonable one. Yet, you dismiss me. With so many people in the room, I honestly cannot remember your posted trades. What is so rediculous about asking you to call your trades live. Aren't we all members of the tsunami family? Aren't all members encouraged to add to the "collective work that is Tsunami Trading"?
quote:
Originally posted by scratched
quote:
Originally posted by prl
quote:
Originally posted by scratched
prl,
Instead of telling us next week what you did today, why not tell us your member name now, and make the entry calls live in the room so we all can learn from you?
you guys are hilarious....you all want to know all kinds of details about me and my trades, but you won't even be upfront and admit who you are ask these questions in the room. hahahahaha
I'm outta here.
I am new to this whole forum thing, and thought my question was a reasonable one. Yet, you dismiss me. With so many people in the room, I honestly cannot remember your posted trades. What is so rediculous about asking you to call your trades live. Aren't we all members of the tsunami family? Aren't all members encouraged to add to the "collective work that is Tsunami Trading"?
I'm new to it too. didnt mean to offend. but in just a short time I've had my statements doubted for no good reason and now called a shill. So no more for me. Last post.
Wish you all the best.
All the best PRL
and Happy holidays to you.
and Happy holidays to you.
hey gang. an observation. many of you want answers from prl about his trades etc and a civil give and take turned into the third degree. now hes pissed and adios. hes not the first to get that treatment and split.
maybe more diplomacy and less aggressive cross examination would be more productive to keep people at the table. does that make sense?
maxey
maybe more diplomacy and less aggressive cross examination would be more productive to keep people at the table. does that make sense?
maxey
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
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