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.

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Originally posted by goodword

Well now Blade is saying that he will evaluate the e-mini Russell because the ES hasn't been performing. And looking at different time intervals too. He can't decide which trade management approach to use - just scalp or let some contracts run. All this from a system that claims to be good for any market and any time frame with the epitome of money management. STAY AWAY!

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I remember the same thing goodword. He said that Tsunami worked on ALL markets, ALL time frames, because "they had to, it is just the way the market works". But he said the Russell was for "people who could not trade or did not have a good system". He made fun of Woodie and Kwikpop for trading the Russell. He suggested they should buy his course so they could become real traders and trade the ES.

As for the ES "not performing", what the hell does that mean? He claimed to have traded this system for 3 years, making at least 4pts/ct/day, usually by 10:00 or 11:00 AM. He claimed that losing days were extremely rare. At one time he boasted that he was "going to make 16 pts/ct/day". Does anybody believe the market has changed that much? The market stats sure don't show it has.

Let's hope that prospective students will take the time to check Tsunami out through this forum before they waste their time and money.

redsioux: How many members are typically in the room on any given day? I read here there were 80 members at one time. Has Blade addressed members why TradeMaven has deleted the Tsunami link?

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Originally posted by DayWalker

redsioux: How many members are typically in the room on any given day? I read here there were 80 members at one time. Has Blade addressed members why TradeMaven has deleted the Tsunami link?

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Seems like the maximum # in the room is about 18, even including the free trialers, but if you subtract blade & johng, that means a maximum of 16. I think some students hang around hoping for a miracle, that he actually figures out how to make the system work.

There are about 3 students that keep posting trades, usually winners, but ONLY exits or # of points made, not realtime entries. Of course, Blade congratulates them for being great traders (since he is usually negative on the day) and they thank him for his wonderful system, wonderful room, etc etc. They just can't stop patting each other on the back. I guess the other 80 plus people are just too dumb to trade Blade's system.....but they should not feel bad, Blade can't trade it either.

I don't know if Blade ever addressed the absence of his link at TM's site.

Thanks for the prompt answer. That's a huge drawdown in attendees.

redsioux: were you in the room last week? or, when was the last time you were in there? Just curious how current your numbers are. Thanks...

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Originally posted by ican

redsioux: were you in the room last week? or, when was the last time you were in there? Just curious how current your numbers are. Thanks...

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Red's numbers are current and as always, accurate.

Another abysmal performance today for the Blade. By my count 0-3. The "relief-pitchman" johng did no damage to the perfect score, and even managed to enhance it to 0-4. Nice save! Room member count was below 10 at times today. Previous days saw the Pitchman offering "training" to the members instead of actual calls in the afternoon. Think just how much training you have to have to be this perfect. Even a coin flip with a one tick stop could not achieve this level of perfection.

Balde has stopped typing in his official calls, but in a strange turn of events has required members to type their entries and stops in for the record. What the &*(*!!!

Seems one new member arrived last week for the inevitable bloodletting. Let's hope next week brings none, and Blade has to take time-out while contemplating his next scam to bleed people dry.

The good news: Only 10 people are hanging around the room and that won't look too appetizing to new trialers who believe there's power in numbers. Not to mention the severed deal with TradeMaven.

The bad news: Blade has laughed all the way to The Bank of Hawaii to the tune of $500,000.

T Rex

It would seem the TT room had a couple of good days this week, which just goes to show that all records will eventually be broken. The downside is that it would seem the week brought more revenue for the Bladester in the form of another victim. Yet another new strategy was put into play as he continues his random search for something that works, or rather would have worked last week. This, of course, will be used to ensnare the next victim(s) and obfuscate the true nature of this supposed system from the dwindling number of entranced believers who continue to occupy this financial dungeon. We can only hope that this weeks performance will revert to previous weeks, and that another Introducing Broker will not be foolish enough to endorse this Scam Artist.

Just filed with the CFTC. Anyone else do the same?

Red

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