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.

Holy cow! 9 calls in 45 minutes is a surefire way to blowout your account. It's also a surefire way for TradeMaven to rake in commissions. Remember, one hand washes the other; Blade the left and TradeMaven the right.

redsioux,

Where in the world did you get the notion Blade was trading anything, let alone the calls he made in the room? NEVER get involved in a trading system/room where the mentor doesn't trade the calls for his own account. If the mentor was any good, he'd want to trade the calls he makes, right? For example, this morning, in my room, the mentor called a short at 1430.50; he covered 3 points (I covered 7) and most of us were done real early.)

ahk: care to share which room? TIA

He declared that he does not trade his calls because emotions would affect his calls. Uhhhh, Blade, if you don't think someone can trade your system with real money, what is it good for?

So I agree with you ahk.

BTW, what room are you in that you made 7 pts this am?

gfg,redsiox, et. al.,

Check out my 11/16/06 post from the Carolyn Boroden thread.

Just to keep potential trialers informed, here is Blades results so far today, after a disastrous day yesterday. (Of course in the recap this morning he showed how the system would have called great trades yesterday.)

He sent an email showing how one of his students, SueL trades. She claims to have amazing results using Tsunami along with her own trading strategy. So he was going to "trade like SueL".

He called 4 trades in the first 37 minutes. First, a breakeven, for which he hit the "applause" button.

Then he had three 1.25 stops (in a system he claims uses 1 pt hard stops). He then had a winner.

While he was floundering, SueL was supposedly making big bucks. Of course, all of her posts were "after the fact". So we can't really know if she is trading or not.

So Blade builds her up. He first said "she never makes less than 10 pts/car". Then he changed it to "she averages 10 pts/car". Then she said "I have had 2 loosing days since joining". Keep in mind, if you join to get SueL's calls, she lives in Australia and only trades the first hour or 2.

Since Blade has had such poor calls, today he is marketing SueL. "If you join Tsunami you will get access to SueL's emails where she shows us the trades she takes" (again, after the fact). "We have another student who had 26 winners out of 28 trades and you get access to him also".

Sue said that it only takes a few days after you join to learn the system. I wonder why Blade still hasn't got it after 5 months?

One of the trialers asked if he could talk to other students after he joined. Blade said of course he could. He didn't clarify though that he would NOT be allowed to pm other students, share emails, or share phone numbers. All correspondence is filtered through Blade.

He just announced 2 more students joined. I feel so sorry for them. I know what they THINK they are getting, but Tsunami is not it.

Something interesting for students who were here for a few months. Remember how Blade used to make fun of KwikPop for changing time frames every few weeks? Well, Blade told us "we only trade off of one time frame chart". He started with a 2 min, then said we "have to watch the 5 min and 60 min also". Then he said we have to watch the 4 min and 2 min at the same time. Now he is using a 77 tic. So what will it be tomorrow Blade?

redsioux,

Ever think that SueL is a shill to keep members and trialers hopefull that someone can actually make money with this method? looks like the "Blade Fader" is the way to go.

Blade's censorship of members is very fascist and reflects his paranoia. Mark my words, you will enter this room soon only to find Blade is no longer the moderator.

Surfs up!!!

redsioux,

In the email that Blade sent out today did you notice that he by accident include all the peoples emails that he sent the email to ?

I think we now have everyones email and can start a class action suit against him. ;)

Red

Red,

Was there anything in that email worth sharing with the forum?

If you guys have never been to Tsunami Trading, you need to go there just for grins (blade always says it is "for entertainment purposes only").

He called a buy this afternoon at 36.50, he bailed at b/e because "price action" told him it was not going to work. Then market went to 37.50, and he is going on and on about how accurate the system is, saying it had another winner.

Hey Blade, you ARE OUT OF THE TRADE BUD. When you scratch a trade, the broker will not pay just because your "system" really didn't tell you to get out.

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