InnerCircleTrader said:Jack:
I have to ask you to do something about this thread. Apparently, these guys are trying to ruin the reputation I have of not having the insights into helping new Traders. This is going to ruin me. :-\
jupiter_peak said:Sorry about the change of subject, but I read about some "Turtle Soup" set up. I searched over ICT material but was unable to find any info on it.
Could anyone point out any references about it?
Thanks in advance.
sqa said:A "Turtle Soup" is an expected Stop Raid for a reversal to happen. Obviously seen more Intra-day, it's mostly about catching people with break-out positions (on the HTF) and triggering liquidity, before the reverse move on the day.
If you have the Torrent, it's 25 Days of Forexmas #17, "High Probability Price Patterns" @ 36:30 into the video. He mentions it plenty of other places, but I'm not sure if he's explained it in detail anywhere else.
The "Turtle Soup" pattern is, technically, based off a 20-period High or Low being taken out. Daily Chart tends to show it more clearly. Also works on an Hourly Chart pretty well, too.
If it runs through a previous signficant level by just a bit to reverse, that's a "Riptide" reversal. It's from Chris Lori's work, rather than Linda Raschke.
jupiter_peak said:My desire to make perfect entries sometimes leaves me out of a trade.
Will post video later...
ovidiux said:many candies, but where to enter? sometimes it does not retraces into judas at all and miss trades, and sometimes take our stops
took a short 6655 and lost
took another short at 6676 and wonder if will break under the 6600
btw, nice videos! I like the way you explain how you plan your trades :thumbsup:
ovidiux said:yes, GBPUSD.. looks like it will consolidate waiting for FOMC
sorry I tought you were talking about GU earlier
jupiter_peak said:USDCHF & USDCAD provided stop raid long entries today. Will post video in a few.
Best to all.