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.

quote:

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Originally posted by gooden

Looks like Mr. Blade is back in business with a new software tool that uses price and volume. The price is $4999, about a grand less then the prior version.

Today was the second of a five day free trial and I was surprised there were only six people in the room. The last trial I took there were over 30 trialers and a slew of members. (He says there is a seperate room for members, but I'm skeptical because he calls the trades.)

He claims the software is 65% accurate (hitting a 2 point profit before a 1.25 point stop). This new improved software has only been in production for three months, so any performance numbers haven't been thoroughly tested. I could give you folks the results trade by trade or in summary form.

Let me know your preference.

larry

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Larry-

I'd like to see a summary of the results with his "NEW" system.

Sorry Brotha,

I flushed that crap down the tidy bowl.

quote:

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Originally posted by gooden

Sorry Brotha,

I flushed that crap down the tidy bowl.

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Good man

Can any of you first generation Tsunami vets tell us if Blade offered you a free upgrade to his new software, or is he charging you for it?

Larry

I've confirmed Blade is now starting over with this new slant on volume and price action via "copyrighted" software. He is running non-stop, week after week trials to rebuild his base of suckers after all those who got burnt before. When asked last week by me if he has ever traded this software with his own money, he surprisingly came up with an honest answer: NO.

PLEASE DO NOT SEND THIS CHARLATAN ANY MONEY NO MATTER HOW GREAT HE TRADES IN A WEEK TRIAL. IN TIME YOU WILL LOSE ALL OF YOUR TRADING CAPITAL FOLLOWING HIM.

One final thing for those of you who are seduced by Blade and feel compelled to buy this system.

IF HE REFUSES TO DISCLOSE HIS REAL NAME, TELEPHONE NUMBER, ADDRESS AND BUSINESS LICENSE NUMBER, ASK YOUR FRIEND TO CHOP OFF YOUR HAND SO YOU WON'T SEND ANY MONEY.

Can't believe Blade is not in jail......

Does anyone know if Blade is still in business or did he take his half a million dollars and run? I stopped recieving passwords from him weeks ago.

He's Backkkkkkkkkkkk! Run for cover, protect your wallets. I got this email last night:

Dec 13, 2007

Dear Trader:

We have recently completed development of our copyrighted software program that objectively reads price and volume in real time.

With this information, we have been able to devise a 100% mechanical approach to the markets!

When we say 100% mechanical we mean it! 100% mechanical entries, 100% mechanical stops, 100% mechanical profit targets.

We provide the complete trading solution for any market and any time frame.

We originally designed our system to perform on very small time frame e mini ES charts. Remarkably, using the same settings, the system performs well on Stocks, Bonds,

Commodities, and Forex futures markets on any time frame. We feel this is true, because unlike most other systems, that were designed on higher time frame charts, ours

was designed from the ground up from the tic by tic minutia of the e mini ES markets! In addition, since the system is derived from true data, PRICE AND VOLUME, and not some optimized curve fitted indicator, we expect PERFORMANCE now and into the next millennium!

We believe you will want to see it in action in real time, so we offer you an invitation for a free live trial demonstration.

We demonstrate and WILL SHOW THE SYSTEM LIVE every morning from 9:00 am est till about 11:00 am est.

We demonstrate the system on the e minis. Upon request, we will show you how you can very profitably trade your own favorite market and time frame as well.

___________________________

Please whatever you do, do not send this charlatan, the so called "Blade" a dime, you will live to regret it.

gfg1

Blade is now offering his new software to previous members who had already sent him $6,000 for his original system. This will only cost the old members and addtional $1,000.

Who does he think he is kidding?

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