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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.



quote:
Originally posted by myptofvu

I did not mean to imply that 1 out of 10 traders in this forum are successful. I meant to imply that the 9 out of 10 who aren't, are in this forum.

So you are not a successful trader then?
quote:
quote:
Where did you get that figure from?

Numerous sources including books, articles and other resources.

Do you have the name of one of those publications? Perhaps a page number? The reason that I ask is that I have never seen that figure and I am widely read on the subject. I would like to find some of these publications.
quote:
Our problem lies in our definitions. If someone else does the trading for you I don't classify them as a Trader, nor do I if they utilize a Blackbox.

You're talking about discretionary traders right?
quote:
To address one of your first questions, no I don't think that 1 out of 10 of these programs are successful. I think that 10 out of 10 of them would be in the proper hands.

Most of these systems are sold as "can be used by anyone" and not "only suitable in the proper hands".
quote:


Originally posted by Caseman707:

Blade says his system has a 75% win ratio. I kept a record of his calls for appx 20 days (I missed a few days due to drs apts. etc., but I assume his % of winning calls remains the same. I recorded the following Blade calls:

Wins - 11
Break evens - 10
Losses - 53

If my math is correct, this is a winning percentage of 20.75%. Just a tad shy of his reported 75%. Wonder if he will give me back my $6500. LOL




<<edit - moved Caseman's comment into this thread from a duplicate thread.>>
The Victoria's Secret models drunk on Pain Killers could do better. (No offense girls, you know ahk loves you).


Funny, I once remarked in jest that Blade should consider tossing a coin. In retrospect, looks like that was good advice. Utterly pathetic performance.
You all will be happy to know that Blade has not lost his magic touch.

He called 2 losers and 1 breakeven trade in the morning.

In the afternoon he called another loser, so he switched time frames again, this time to a 77tic. (Switching time frames is what he has ridiculed the people at KwikPop for.) After the switch, he called a winner. Then, he switched back to the 2 min and called another winner. Somewhere in between all this switching he had another breakeven.

I am not sure how we are supposed to figure out IN ADVANCE which time frame to use.

So, if you were a 1 lot trader, you lost a net .5 pts total, if you were a 2 lot trader, you made net 1 pt total. Subtract commissions and you might have a hard time making the $million that Blade says you can make in a year. Of course, we should give Blade a break, there was only about 23 pt range in the ES today.

What we heard most of the day was just what we have heard for months. Blade talks about the sytem trades "we shoulda/woulda/coulda taken". He thought it was "amazing" that the sytem had a sell at 37.50, of course he bailed out of that trade at b/e "because price action told him to", then it cratered.

But we members who paid $6k for this system should not worry about the future. Blade has been talking to "a really good trader" who might come into the room and trade the Russell 2k. (Uhhh, Blade, didn't you tell us during the trial weeks that the Russell 2k was for people who didn't have a good system, that the really good traders can trade the ES? In fact, I believe your exact words were "I don't need to trade the Russell because I can make all the money I want in the ES.)
Blade only worked half a day today.

He changed his strategy AGAIN. Using his new strategy, he had one winner, two losers, and one breakeven.

If you are a l lot trader, you lost .5 pts net, a 2 lot trader you made 1 tic. Looks like it may take just a little longer than the one year Blade predicted for us to make that $million.
prl,

Where are you? I keep looking for your calls in the tsunami trading room. You said in your last post that you would tell me about your trades. I have not seen you post in the tsunami room. The only trades called live have been from Blade.
prl left this joint on 12/22/06. he didnt appreciate the slanderous innuendo. cant say i blame him.

max


quote:
Originally posted by scratched

prl,

Where are you? I keep looking for your calls in the tsunami trading room. You said in your last post that you would tell me about your trades. I have not seen you post in the tsunami room. The only trades called live have been from Blade.

quote:
Originally posted by max

prl left this joint on 12/22/06. he didnt appreciate the slanderous innuendo. cant say i blame him.

I don't think so, he posted a question here on 01/03/07: World's Perfect Business.
quote:
Originally posted by day trading

quote:
Originally posted by max

prl left this joint on 12/22/06. he didnt appreciate the slanderous innuendo. cant say i blame him.

I don't think so, he posted a question here on 01/03/07: World's Perfect Business.



technically your right. he left this thread on 12/22/06
quote:
Originally posted by max

technically your right. he left this thread on 12/22/06

I misunderstood you - you are correct, he left this thread then.
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