Turtle Soup Enthusiast

Dollar is a bit tricky this week. Last week we saw that we respected and rejected the 50% of the Weekly Order block. Therefore, we could have the high of the month in already. However, we haven't reached a premium yet on the monthly. This means that we could trade higher this week into the Weekly rejection block and then cap the Monthly candle Po3. This would be best suited or my Kiwi ideas. Make note of the Weekly IFVG below which could prove as support for the week. Overall, it's a bit tricky and when you can make cases or both sides of thee market, that usually isn't a great thing. For me I'd prefer the run up at the start of the week to cap the Monthly candle Po3 on the Dollar and then on the Kiwi.

Dollar could find a bottom somewhere in this Weekly IFVG but not trading it because of the liquidity void down below. Could be the draw.

This worked out nicely. This model works very well on back test and then trading it here. So close to TP but reversed and closed in profit. Analysed the Dollar chart and noticed the weakness forming in the Kiwi and took profits. Right decision. Happy with how the trade went and how I managed it, as I was adaptive to the market. The market will never adapt to your needs.

Is that a moving average I see on the 2nd chart?

Gold thoughts. Expecting Wednesday to be a classic sell day.

It’s on the base chart of my Metatrader platform and I only ever use it to execute orders lol. I’m sure you know that even good ole ICT himself used moving averages before?

Indeed he did, a couple as I recall. Forces you to focus on one direction only. A good starting point.

Time for another Euro mega trade…

Expecting the LOTW to be in on EU and expecting this high to be traded to tomorrow.

I'd give this post a like but I'm struggling to see the validity in the SMT you have marked. Yes I can see the difference in the inversely correlated pairs. But why these points? Simple laymans terms please.

Dollar filled Monthly FVG, Euro didn't. SMT is always needed when looking at highs and lows that are 'safe'.

'Every entry is an exit and every exit is an entry'

This week was good for me. Predicted and executed well and improved. Looking for the low of the month to be in to trade higher on Euro, however I would be fine with one more dive into the lows for next week.

Expecting Dollar to do 1 of 2 things: -Take highs out next week and then begin it's sell off -Continue trading down. We formed SMT with EU at these highs at a key level at the right time so it's not terrible to say these highs may be protected. We shall see.

Would like to see a strong close blow previous weeks low for thee high probability order block.

Hi Robbie
Hope you are good man!
Firstly, I would like to appreciate your work and taking your time to journal for people around the world to read and learn (I'm from Zimbabwe). I have gone through your threat twice and I love the content. I however have a few questions/requests.

Can you summarize, in step-form what turtle soup is. How to identify a Long/shot setup, from HTF, LTF. In concrete, summarized step-form details.

Hello brother. I also have friends from Zimbabwe and you guys are the coolest people! Thank you for going through my thread and it's good to see people getting use and appreciating it so thank you.

For your answer to your question- I would say there are many people who trade turtle soups differently from the original one that went against the turtle traders strategy where you have a donchian channel and every 20 and 50 day high/low breakout, you buy or sell it. That is the original turtle soup. However the way turtle soup has resonated with me is in the form of the ICT way. I assume you are aware of him and his teachings otherwise known as smart money concepts. I have learnt turtle soup from 2 people and these 2 people have got me to where I am today and my strategy is purely based on their teachings. ICT himself and a man called Romeotpt on Twitter. ICT for smart money concepts and the foundations and Romeo for the dive in on the actual strategy of turtle soup and the intricacies of it.

As you have asked me I will tell you how I see turtle soup as it is through the teachings of ICT and Romeotpt. And this is how I trade it personally.
In simple form you are either buying or selling a false breakout of a high or low. So you are essentially anticipating the break of a high or low to be a false breakout and purely a liquidity sweep to go in the other direction. However, you can not blindly buy/sell every high and low as you would get royally fucked by doing so. So I use ICT concepts (smart money concepts) to help firstly gain my High Time Frame bias. I take 0 trades if the HTF does not match. 0. Therefore, it mans I am often having to be patient and waiting a while. I won't go into detail on ICT concepts as I would be here for too long. But if you already are familiar or learn ICT concepts this will ma a lot more sense for you. So I gain my HTF (Monthly, Weekly, Daily) bias. 3 things.
1-Draw on liquidity (where price is going to be drawn to)
2-Potential entry point (HTF key level like an order block)
3-Invalidation point (where price is highly unlikely to reach before the draw on liquidity is met which will be your stop loss)

Once you've gained your HTF bias only then do I drop onto intraday charts. Lets say my bias and draw on liquidity is higher and I expect higher prices. I wait for my HTF key level to be hit and then I drop down onto the intraday charts. If everything is in order we are good to go. We expect bullish movement after hitting a HTF key level, as HTF key levels cause LTF expansions. And simply put we basically trade and buy very dump below a low on the LTF when we are bullish when the HTF chart matches it. Simply put, that's it. HTF key level hit and expecting higher prices so on the LTF w buy every low as a false breakout. However not every low can be bought and some may be truly broken which is why you have ICT concepts to guide you and keep you out of shit trades.

That is simply put and that's just price. Time is more important than time and I highly recommend you research the importance of time and key times where price will reverse or continue. This includes things such as time of year, month, week and day. I will never take a trade if time doesn't match up with price. Never.

Fundamental aspects also help to guide you in the right HTF direction and are beautiful when paired with technical analysis to give the extra confluence. This includes:
-Open Interest
-COT
-Seasonal Tendencies
-Intermarket analysis etc...

Obviously this has only been a brief explanation of what turtle soup is for me and for more intricate details and explanation go to the masters-ICT for the SMC concepts and Romeo for turtle soup. I hope this has helped though. Thank you once again for viewing and replying to my thread/journal and feel free to stick around, drop your thoughts and ask any more questions. Always open and kind to everyone. Wishing you the best in life and trading brother.

Expecting these lows to be the draw on liquidity for the next week or 2.

Dow, ES, NQ...
However only trading Dow as that is the cleanest.