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.
Where does Blade live? In Hawaii? or is that just where his company is based?
quote:
Originally posted by redsioux
I think we have been honored with the legend himself.
Myptofvu is so concerned with my attitude toward Tsunami Trading, and not with addressing any of the facts presented about this "education service" that I do believe that Blade and myptofvu must be the same person.
Welcome to the forum Blade.
Redsioux
Wrong again and I am addressing the facts as I see them.
What ever happened to the so called Trader X that Blade touted as a floor trader with vast abilities? He talked once, if I recall. Probably "chinged" his account so often being on the other side of all Blade's calls that he retired.
Maybe starting a service as the "fade tsunami calls" might work.
Maybe starting a service as the "fade tsunami calls" might work.
quote:
Originally posted by redsioux
I think we have been honored with the legend himself.
Myptofvu is so concerned with my attitude toward Tsunami Trading, and not with addressing any of the facts presented about this "education service" that I do believe that Blade and myptofvu must be the same person.
Welcome to the forum Blade.
There was a long detailed reply in here yesterday in support of Tsunami from GreenPursuit but I see that today it is gone.
GreenPursuit: Did you delete this reply or did something go wrong with the forum software and it has disappeared?
GreenPursuit: Did you delete this reply or did something go wrong with the forum software and it has disappeared?
quote:
Originally posted by myptofvu
Redsioux and others,
I would like to post my perspective on trading rooms. I have joined Tsunami and various others. I had no dellusions that I was receiving the Keys to the Kingdom or a Holy Grail. I was merely looking for ways to enhance what I am already doing. So far I am very pleased with what I have learned and I look forward to gleaning as much knowledge as I can. Having spent hundreds of hours in different rooms I find it rare that one can become successful simply following someone else who makes the calls (I know I wasn't).
Everything I have learned I got from these rooms and programs. I would then customize them to fit my own trading style. I am currently what I'd guess you'ld call S&R/Divergance trader and I'm finding Tsunami's price action method a nice addition.
If you strive to take best and forget the worst from any of these programs you will have more than benefited from your tuition(s).
To those that suggested causing harm to this room or any other I would like to make a plea not to. There are people like myself who wish to continue to learn all they can.
Redsioux, I sincerely hope you find a way to gain what knowledge you can and keep growing as a trader.
Best Wishes
It sounds like some of the posts here are from people in the Tsunami room and others are from folks who just want to bad-mouth it without even looking beyond a free trial. I also find that something is to be gained from learning. There are many trading systems out there. Any specific one might work for some and not for others. The Tsunami method is no different. Blade is a knowledgeable, honest guy, teaching a method that does work. I, too, am one that has been able to make this system work for me.
prl: What sort of weekly or monthly returns are you experiencing with the Tsunami system? Are you just trading the ES with it?
quote:
Originally posted by day trading
There was a long detailed reply in here yesterday in support of Tsunami from GreenPursuit but I see that today it is gone.
GreenPursuit: Did you delete this reply or did something go wrong with the forum software and it has disappeared?
I was going to ask the same question. I read the reply last night. It was well thought out and eloquently phrased.
quote:
Originally posted by day trading
prl: What sort of weekly or monthly returns are you experiencing with the Tsunami system? Are you just trading the ES with it?
Made 3 points by 10:30 today. It works.
prl: How many points did you make in each of October and November using this system? And how many points have you made so far this month?
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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