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.

max: I am of the impression that it was heavily and cleverly marketed and the 80+ all got on board at the same time with a new system that hadn't previously been around.

thanks day. maybe i should do that instead of trading. problem is i wouldn't know how to start. the lure of a fast $500,000 is enticing but i couldnt live with myself knowing i was hurting people.

i may not be the sharpest knife in the drawer but i dont ever think id give $6500 to a guy with no name address or phone number.

Well then you're not his target market.

There are people that come into money and don't know what to do with it and often think that day trading is an easy avenue to compound their money. It can be, but it's not easy work and they are the ones ready to buy the courses like this.

And there are others as well who look at it as an investment. They expect to earn back their fee within weeks of trading.

Of course this is possible but unlikely and from what I've read here it doesn't seem like Tsunami is going to be the holy grail for anybody.

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

quote:

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Originally posted by myptofvu

...So far I am very pleased with what I have learned and I look forward to gleaning as much knowledge as I can...

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What have you learned so far?

myptofvu

like your handle btw.

personally i'd rather be rich than well learned but thats just me.

im new here. i read the tsunami thread and almost cried for those people who lost their fee money and more from trading that method. in the end they only have themselves to blame as most have admitted.

posting here is a first amendment right. seems like youre the first happy tsunami member to come here which is cool. also sounds like your not interested in using it as it was taught to make money but adding other ingredients into the mix. that's cool too and that's what makes you different than the others. they were taught to believe that the method was successful all by itself and it isn't.

max

quote:

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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).



Best Wishes

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I appreciate your input. However, Blade himself said many times that when you pay him $6.5k, "you will have the keys to the kingdom". Not my words, his.

I don't think anyone wants a service where they just trade someone else's calls. My point is, if the guy who had traded the system for years and is trying to teach it to us cannot trade it, how are we supposed to be successful?

quote:

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Originally posted by day trading

quote:

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Originally posted by myptofvu

...So far I am very pleased with what I have learned and I look forward to gleaning as much knowledge as I can...

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What have you learned so far?

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Two things of particular interest to me. As I mentioned before I trade off my own S&R levels and sometimes Divergance. One drawback to this method is that when the market reaches new highs or lows I have no frame of referance in which to trade from (in other words I'm flying blind). Tsunami method allows me to predict which are the likely levels the market will travel to.

Another drawback to my method is that I have to sometimes either use big stops (something I'm not comfortable with) or risk placing a stop that is to tight and ends up stopping out before the move has a chance to mature. Tsunami allows me to calculate a more exact entry price. For example: Yesterday I had a buy (using my own system)at 1427.75, based on the 60min chart. Concerned about the long tails of 12/13 I used a 1pt stop. As you can tell I was stopped out before the trade developed. Had I incorporated Tsunami method on this trade my entry would have been 3 ticks better and I would have enjoyed a nice 10+ points ride.

I'm not saying there is only two things I've learned, becuase there is MUCH more. I'm only sharing what I can and what I've found particularly useful.

Hope this answers your question

Thanks myptofvu. So the "system" that you are currently trading is a hybrid of your own system learned to date and some elements of Tsunami if I have understood you correctly. What percentage would you say is yours and what percentage did you glean from the Tsunami system? 80/20?

Myptofvu, sounds like you have learned the Tsunami system just the way blade teaches.

You are able to look back and see where the trades WOULD have been.

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