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.

The software is now $5995. I understand Blade offered the original purchasers (trading amputees) an "upgrade" to the new program for $1000. I have spoken to one who took the upgrade and paid the fee. (He still says the program isn't any better than tossing a coin.)

I have received a copy of the side letter that Blade insists you sign and it does not require an unconditional gag order, but does compel you to never disclose the program as long as you are alive. Actually, it was less onerous than redsioux claimed.

I can't understand why Blade is so protective over something that has no verifiable edge. Perhaps it part of the marketing ploy to make the buyer believe there really is gold in them thar hills.

Look closer. When you become a member, you agree to abide by everything that is on the website. You WILL not be able to say anything negative.

This is what is sent to prospective buyers:

<<Thank you for your purchase.

Please fill in and send back the following 2 items:

1. Please fully complete and return our nondisclosure and disclaimer contract.
Be sure you check YES on the bottom.

http://www.tsunami-trade.com/disclaimer2.asp


2. Please sign (type your full name) and date this personal warranty,
then email the "signed" document back:

I have decided on my own to purchase the Tsunami software.

I understand there are no guarantees in trading.

I also agree there will be no refunds once purchased.

I agree to follow the system guidelines.

I give my personal word that I will never redistribute the software.

I pledge I will absolutely protect all materials, including but not limited to the software, written or verbal materials, and /or lecture content, I have received or will receive from Tsunami Trading Educators, Inc from any third parties or entities.

I will not redistribute these materials. If I do, I agree I will be personally liable for such redistribution/ disclosure.

I give my personal word on these matters freely and I will never violate this oath.

SIGNED: (type your name here)

Date:>>

redsioux,

Did Blade offer the new software to you for an additional $1000? You said he told old customers to essentially shove it by giving them no credit for prior purchases. Just trying to get the story and facts straight.

Is anyone still using this trading software or been in their trading room recently...what are your experiences with TsuBot?

UK,
I'm in the room now with about 25 people and we are making bucks.
not all are profitable but many are. It helps to have some background on charting and being conservative with your expectations.
two days in the room this week have been profitable so check out the free four days and get back to me here. I'll let you know how we are doing

My suggestion, be very very careful. If this was even 10% as good as they claim, there should be several hundred people in this room.

Just think, a 100% mechanical system for only $5k? Wouldn't it be worth 100 times that much?

The question everyone should ask is, if it IS 100% mechanical, and he now has TSUBOT to call the trades, why not automate it? I believe it is because if he automated it, then you could have Tradestation backtest it, and you would find that it is a losing system.

My challenge still stands. Have Blade (who now goes by a different name) offer any proof that he trades his own system with real money for real profits.

Red, you're absolutely right. He didn't automate the first idiotic "system" he had for the exact same reason and obfuscated it to try and fool the members. How about that JohnG, or Mr. GoldenThroat or whatever Balde called him? I see his name from time to time too. I cannot believe these guys are still around.

quote:

---

Originally posted by olsalt

UK,
I'm in the room now with about 25 people and we are making bucks.
not all are profitable but many are. It helps to have some background on charting and being conservative with your expectations.
two days in the room this week have been profitable so check out the free four days and get back to me here. I'll let you know how we are doing

---

Olsalt, I see that you have 1 post at this time. So around here, that begs the question: Are you a Tsunami Shill or Tsunami Sheep? One post? Common. So who are you really, Balde or JohnG? I think you would have remembered that from a few years ago. If not, then go read the previous posts.

If you are not Balde, John, or a shill, and have actually made enough money to pay for the system, then throw the system in the trash before you lose your money.

BTW, I would bet Balde and JohnG have not made any money from trading except from sales of these systems, and Balde made plenty in his first year.

I really don't know why all of you guys just keep going around in circles about this ... and for two years, nonetheless. Do you seriously not know who Blade is?

I'm surprised that no one who has actually gone to a trading expo hasn't mentioned it - because Don is at basically all the trading expos.

In the industry my company is accountable and we will hold others too. There's too much untoward behavior, even in these forums. No one wants to use their real names or even include any sort of contact information.

We want to hold others accountable, but we want to throw rocks from behind a wall.

I'm not defending Tsunami at all, just saying there are clear ways to go out and hold folks accountable. As it is my company has partnered with Don, but I'll have to go back and have a talk now that I've seen some enlightening feedback.

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