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.

You failed to mention what a great week we had making money, every day and the new members who joined.

Wouldn't your time be better spent joining us and getting your trading career on a positive track rather than looking for flaws where they don't exist? How do you suppose to become a successfull trader with that horribly negative disposition of yours?

Don't hold your breath waitng for a real zoo member to come on this forum and complain. It won't happen. The reason is we make money and we're all thrilled to be blessed as members under the tutelage of a mentor with great skills and integrity.

Merry xmas to all. And to the new Zoo members, welcome! Yor trading career is now on the right track!

I wasn't going to post here anymore, but it seems like it is starting to deteriorate into some kind of battle between ahk and brucem.

To try to get it back on subject, here is today's Tsunami News. Blade started using a new strategy today complements of one of his recent students. Same results though. Five straight losers, no winners. According to Blade "just following the system mechanically".

So Blade quit and turned it over to johng. Johng is now filtering system trades based on "feel". Hmmmm, so this is the system worth $6.5k?

redsioux,

Is it fair to say that during your time there, the system is winning about 50%?

redisioux - thanks for the update, please keep up posted.

sounds like they are sticking with it, hopefully this is the low point and they can stabilize the situation and get on track from here.

quote:

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Originally posted by redsioux

I wasn't going to post here anymore, but it seems like it is starting to deteriorate into some kind of battle between ahk and brucem.

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That is now in a dedicated thread: The Trading Zoo

I agree, let's keep this on topic and kick off another thread/topic for unrelated or semi-related topics. i.e. let's not threadjack this.

Blade changed strategy again today. He called a winner on his first trade 11 mins into the day, so he did not make any more calls. There was a lot of "you could have bot/sold here" or "the system did have an entry back there", but no more live calls. He just said the multi lot traders should hang on to the original long. After a couple of hours Blade then left the room to Johng

Johng had a loser and a no fill this afternoon. He did make an intersting comment. He said that some were complaining about all the changes in the strategy that are constantly being made. He said "well, when you have a strategy that is so new, it require a lot of adjustment". Uh John, Blade has said in the past that he has traded this profitably for 1 to 3 years. what is your definition of new?

Ahk, as for the winning %, it is hard to say because Blade's definition of a winner has changed several times. Over the last month the winning trades are about 20%. Over the last several months, probably less than 50% but that is just an estimate.

quote:

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Originally posted by redsioux

...when you have a strategy that is so new, it require a lot of adjustment". Uh John, Blade has said in the past that he has traded this profitably for 1 to 3 years...

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Can you do us a favor? Find out why the range is 1 to 3 years. That sounds like a wide range of time? I could understand if someone said 16 to 18 months because you might not remember the month that you started using a system but 1 to 3 years?

Daytrading, he has given different answers to the question when asked at different times in the trial room.

I have always been told it is hard to remember what you said when it is a lie, but readers will have to draw their own conclusion.

Thanks redsioux!

looks like you guys are coming down real hard on this tsunami thing. is there anyone out there with any good things to say? it must have been good at one time. why else would 80+ pay $6500?

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