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
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.
I know he/she said they would not post here anymore, but I did think they would be in the tsunami-trading hotcomm room and calling trades. They made statements about their successful trades, and thought they would be there to educate the paying tsunami family members. I have not seen anyone calling entries in the room except Blade. Again, I am not asking prl to post trades here, just post the entries in the tsunami hotcomm room for the edification of paid members.
scratched just curious why you refer to the members as "tsunami family"? sounds kinda like a cult with blade as the holy father. might not be a bad analogy after thinking about jonestown and rev james.
max
max
In reading Redsiouxs posts it has led me to come up with an interesting proposal. Can there be a contest between all of the trading rooms where their daily, weekly, and monthly results are posted?
The conditions would have to be comparable, for example: 3 wins 1 loss, would not be the same if a win is characterized as 1/4 point and a loss is 2 points to a room that calls a win at 2 points and a loss at one.
Daytrader and Elitetrader could you add more input to this, and possibly offer prizes and incentives to the participants?
The conditions would have to be comparable, for example: 3 wins 1 loss, would not be the same if a win is characterized as 1/4 point and a loss is 2 points to a room that calls a win at 2 points and a loss at one.
Daytrader and Elitetrader could you add more input to this, and possibly offer prizes and incentives to the participants?
quote:
Originally posted by myptofvu
In reading Redsiouxs posts it has led me to come up with an interesting proposal. Can there be a contest between all of the trading rooms where their daily, weekly, and monthly results are posted?
The conditions would have to be comparable, for example: 3 wins 1 loss, would not be the same if a win is characterized as 1/4 point and a loss is 2 points to a room that calls a win at 2 points and a loss at one.
Daytrader and Elitetrader could you add more input to this, and possibly offer prizes and incentives to the participants?
this is being done for individuals selling monthly subscriptions.
http://www.worldcupadvisor.com/
quote:
Originally posted by max
scratched just curious why you refer to the members as "tsunami family"? sounds kinda like a cult with blade as the holy father. might not be a bad analogy after thinking about jonestown and rev james.
max
That is what Blade calls our group - the tsunami family. He describes us as "the collective work that is Tsunami Trading" and encourages members to share their knowledge and experience. It is from this perspective that I appeal to prl to share his/her experience with us and call the entries live in the tsunami room so we members can learn.
quote:
Originally posted by scratched
quote:
Originally posted by max
scratched just curious why you refer to the members as "tsunami family"? sounds kinda like a cult with blade as the holy father. might not be a bad analogy after thinking about jonestown and rev james.
max
That is what Blade calls our group - the tsunami family. He describes us as "the collective work that is Tsunami Trading" and encourages members to share their knowledge and experience. It is from this perspective that I appeal to prl to share his/her experience with us and call the entries live in the tsunami room so we members can learn.
This Blade is really a master manipulator and really knows the subtle art of toying with human emotional weaknesses. Next time he refers to "the collective work that is Tsunami Trading" asks him if he would share his fees with the "family."
You all will be shocked, but Blade has changed strategy again. This time just for the 1 lot traders though.
He only works half a day on Friday. He called a lot of trades, but canceled most of them before being filled, or the price never got to his entry.
There were a total of 5 trades that would have actually filled. If you are a l lot trader, you lost 1.25 points. If you are a 2 lot trader, you lost 5.5 points. Factor in commissions, and I am starting to wonder if we are really going to make $million in a year.
The room attendance continues to shrink. At one time yesterday, Blade asked everyone to type a "y" if they were there, and only 8 responded. There was only about 22 people this morning on the attendance list. I gues the other 60plus people made all their money and have retired to the Hamptons.
We can only hope he doesn't have a run of good luck next week when he will have trialers in the room. It still amazes me that Trademaven continues to endorse him to their customers. I guess they have put their faith in their attorneys ability to get them held legally blameless. Too bad they don't have the scruples to stop this crime.
He only works half a day on Friday. He called a lot of trades, but canceled most of them before being filled, or the price never got to his entry.
There were a total of 5 trades that would have actually filled. If you are a l lot trader, you lost 1.25 points. If you are a 2 lot trader, you lost 5.5 points. Factor in commissions, and I am starting to wonder if we are really going to make $million in a year.
The room attendance continues to shrink. At one time yesterday, Blade asked everyone to type a "y" if they were there, and only 8 responded. There was only about 22 people this morning on the attendance list. I gues the other 60plus people made all their money and have retired to the Hamptons.
We can only hope he doesn't have a run of good luck next week when he will have trialers in the room. It still amazes me that Trademaven continues to endorse him to their customers. I guess they have put their faith in their attorneys ability to get them held legally blameless. Too bad they don't have the scruples to stop this crime.
Another day and no "prl". I guess I could wait until next week before passing judgment, after all, he/she could be on vacation. We do have a couple members doing the "ca-ching" thing in hotcomm but on exits only. They never post their entries or stops - just "ching" the "winners". What could they possibly have to gain doing this? They are _not_ experienced traders, IMO, based on their questions in the room from the day they joined. Guys, who are you kidding? Do you really want to make money trading? Are you really taking those trades? If so and using blades methods, you have plenty of time to type "B2 15.75" or whatever. D-nile is not just a river.
Attention Tsunami members: Last call to attend the Trading Zoo's free trial starting Monday. Please contact me if you'd like to attend. Tsunami members are welcome without qualification.
redsioux,
Are you still trading Blade's calls or just observing these days?
Are you still trading Blade's calls or just observing these days?
quote:
Originally posted by redsioux
You all will be shocked, but Blade has changed strategy again. This time just for the 1 lot traders though.
He only works half a day on Friday. He called a lot of trades, but canceled most of them before being filled, or the price never got to his entry.
There were a total of 5 trades that would have actually filled. If you are a l lot trader, you lost 1.25 points. If you are a 2 lot trader, you lost 5.5 points. Factor in commissions, and I am starting to wonder if we are really going to make $million in a year.
The room attendance continues to shrink. At one time yesterday, Blade asked everyone to type a "y" if they were there, and only 8 responded. There was only about 22 people this morning on the attendance list. I gues the other 60plus people made all their money and have retired to the Hamptons.
We can only hope he doesn't have a run of good luck next week when he will have trialers in the room. It still amazes me that Trademaven continues to endorse him to their customers. I guess they have put their faith in their attorneys ability to get them held legally blameless. Too bad they don't have the scruples to stop this crime.
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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