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.
quote:
Originally posted by max
so i have to type in "originally posted by____" and also italicize it?
No, that's already included when you press that button.
quote:
Originally posted by redsioux
...if prl made 3 pts by 10:30 EST, it was not following blade's system.
prl: Where you using the Tsunami system to make those 3 points this morning?
Has anyone heard from GreenPursuit again. I missed the post and would like to read it.
I think that you can only delete a post if nobody has already replied to it.
Hey Red.
It seemed to me that monkey trading worked better until Johng and Blade decided to rename it tsunami trading to impress those about to drink the "magic" potion and give their 6500 to the guru who constantly claims that "tsunami's laws are absolute"! Well I think some schills are appearing here. It will be fun to see them support such a "robust" system..lol. Well I can only laugh at myself for having bought such a pos system. I remember Blade pounding the table that the absolute top of the ES was 1350 on the December contract. I guess his elliot wave interpretation needs some improvement. The only thing absolute about this system is that changes take place on a regular basis.
It seemed to me that monkey trading worked better until Johng and Blade decided to rename it tsunami trading to impress those about to drink the "magic" potion and give their 6500 to the guru who constantly claims that "tsunami's laws are absolute"! Well I think some schills are appearing here. It will be fun to see them support such a "robust" system..lol. Well I can only laugh at myself for having bought such a pos system. I remember Blade pounding the table that the absolute top of the ES was 1350 on the December contract. I guess his elliot wave interpretation needs some improvement. The only thing absolute about this system is that changes take place on a regular basis.
Any chance of getting a daily summary of how this system/service actually is doing. Something along the lines of:
Date:
Total number of live trades called in real-time:
Number of wins:
Number of losers:
Total contract points Gained/Lost:
edit...
Oh and im not interested in an after the fact subjective interpretation of what the system could have done. Only what the system/service actually did live in real-time.
Date:
Total number of live trades called in real-time:
Number of wins:
Number of losers:
Total contract points Gained/Lost:
edit...
Oh and im not interested in an after the fact subjective interpretation of what the system could have done. Only what the system/service actually did live in real-time.
The problem with providing a daily recap is that one would have to stomach through Blade's unwarranted egotistical attitude. He bombs three calls and then like an armadillo crawls into his hole to take a break. He then dumps it off on that idiot johng who talks about how much money you can make trading system trades. By about 10:30 in the morning, you are ready to rip your ears off listening to the famous trading strategy that has Blade millions "in retrospect I should have".
So to answer your question, one would need to be sedated heavily to sit in there all day and keep record of the losing calls.
So to answer your question, one would need to be sedated heavily to sit in there all day and keep record of the losing calls.
I have to agree with gfg1. I can't take more that 1 hr of his BS after the open. I dont know why I stick around. Trying to get my 6.5k worth I guess but after listening to him or the worthless trader JohnG for more that 1hr makes me want to rip my ears off. Here is one for the member since they know what this means. IN RETROPSECT I should of not joined! Im going to start my own trading room. It will be called In Retrospect Trading......where we are 100% right....100% of the time......you get the keys to the kingdom.....lol what a scamer.
If anyone is thinking about joining remember that blade does not have a system that works like he claims. At best its a break even system. If you still join lets just say you have been warned and have not learned from our costly mistakes.....
If anyone is thinking about joining remember that blade does not have a system that works like he claims. At best its a break even system. If you still join lets just say you have been warned and have not learned from our costly mistakes.....
quote:
Originally posted by gfg1
The problem with providing a daily recap is that one would have to stomach through Blade's unwarranted egotistical attitude. He bombs three calls and then like an armadillo crawls into his hole to take a break. He then dumps it off on that idiot johng who talks about how much money you can make trading system trades. By about 10:30 in the morning, you are ready to rip your ears off listening to the famous trading strategy that has Blade millions "in retrospect I should have".
So to answer your question, one would need to be sedated heavily to sit in there all day and keep record of the losing calls.
I agree with you completely about his egotistical attitude. After his system has had another losing day, blade can just turn the room over to johng, so he can go answer emails from prospective trialers and the students have to figure out how they can make up their losses.
What do you make of Blade's "dissapearence" most days? Even on the rare times when he has made a good call, the majority of the days he takes off after just a few hours. I have been in a lot of these of rooms, and the guru is at least there during the trading day. Isn't it reasonable to assume if he has collected half a million $ in less than half a year he could stick around more than 2 to 4 hours a day? He does start his recap an hour before market. But he has always told us not to trade pre-market. His mantra of "get your 4 and off you go" would be nice if he actually got 4 pts before off he went.
quote:
Originally posted by day trading
quote:
Originally posted by redsioux
...if prl made 3 pts by 10:30 EST, it was not following blade's system.
prl: Where you using the Tsunami system to make those 3 points this morning?
yes. and profitable again today! done by 11:00.
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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