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Turtle Soup

The turtle soup strategy identifies potential trading opportunities by looking for patterns where price briefly breaks above or below a short-term high or low before reversing direction. To use this strategy successfully, traders must analyze charts to identify areas of high liquidity, such as order blocks, fair value gaps, and relative equal lows, at different time frames in order to anticipate these reversals.

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35K views1 page

Turtle Soup

The turtle soup strategy identifies potential trading opportunities by looking for patterns where price briefly breaks above or below a short-term high or low before reversing direction. To use this strategy successfully, traders must analyze charts to identify areas of high liquidity, such as order blocks, fair value gaps, and relative equal lows, at different time frames in order to anticipate these reversals.

Uploaded by

muhafani129
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ICT Turtle Soup

Turtle soup is a trading concept in the context of Inner Circle Trader's teachings. It
Identifying high liquidity levels is crucial for successful trades using the Turtle Soup strategy. It is not
refers to a pattern where price breaks a short-term high or low, giving the impression
enough to simply trade above any old high or below any old low. Traders must focus on levels of liquidity
that it will continue in that direction, but then reverses and moves the other way. This
where there is a significant amount of buying or selling pressure.
pattern is used to identify potential trading opportunities by anticipating the reversal
Analyzing charts to spot old highs with high liquidity after the initial breakout. In a turtle soup pattern, traders don't necessarily need a
shift in market structure, as they are trading external range liquidity.
1. Look for order blocks: Order blocks are areas on the chart where there is a significant concentration of
orders. These areas often indicate high liquidity levels.
2. Identify fair value gaps: Fair value gaps occur when there is a price difference between the current
market price and the fair value price. These gaps can provide insights into liquidity levels and potential
market movements.
3. Consider higher time frames: Analyzing higher time frames, such as 15-minute or 1-hour charts, can give LUMI TRADERS
us a broader perspective on liquidity levels. Look for patterns and confluences across multiple time
frames to strengthen your analysis.
4. Pay attention to relative equal lows: Relative equal lows occur when the market reaches similar price
levels multiple times. These lows indicate a potential support level and can be used as a reference for
selling above old highs.

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Sell Level
Premium Array
Buy Stops

Bullish Breaker

LUMI TRADERS Bearish Breaker

HTF - 4h Sell Stops


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Discount Array
Buy Level

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LTF - 15m

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1. Higher Time frame PDA
2. In A Premium/Discount of Dealing Range
3. Runs Equal highs/lows or Daily high/low
4. Immediately Rejection of price
5. Above/below Midnight Open

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