Turtle Soup - Risky but high risk reward method.

Hi friends let's have a look to the Turtle soup method. It's known from ICT, but original author is Linda Raschke. Strategy was described in the book street smarts ICT has repackaged it and falsely claimed that it's his own as most of his concepts.

There is not much new to be invented in a trading. People are still trying to find new holly grail and educators are delivering new methods and secrets. While it's always something what iconic traders as Gann, Elliot, Dow etc.. has invented in the last century. In my opinion we should approach every information as master Bruce Lee says:

Adapt whats useful , reject what is useless and add what is specifically your own.

And this is how I adopted Turtle soup in as a part of my setup, I rejected 20 days Low / high conditions as I didn't find it useful. Does it increase profitability ? Yes, but it also reduce number of profitable trades. So here is how I see it.

🧩What is a Turtle Soup?
• Turtle soup / stop Hunt is a false breakout or liquidity purge focuses on the concept of liquidity hunts, where the market triggers stop-losses of retail traders before reversing.
• High risk entry method but with high risk reward potential.
• Turtle soup is how real move starts.
• Often occurs during the high Impact news

🧩Characteristics of Turtle Soup
• Turtle soup is in other words stop hunt
• Price moves beyond a significant level briefly.
• Sudden reversal into the prior range

📌 Trade examples Classic turtle soup

🧪 EURUSD Short Click picture below to see how price action formed 👇

🧪GBPUSD Short Click picture below to see how price action formed 👇

🧪USDCHF Long Click picture below to see how price action formed 👇

It's effective because it capitalizes on the retail traders classic mistakes- FOMO and trading break out of the highs and selling the lows. While market makers are doing the opposite (don't get me wrong, Im also retail trader and you are too) trading so called smart money concepts doesn't make us smart money traders.

📌Logic behind the action of retail
Less informed traders sold early and other group of Turtles buying break out, they are wrong on the top. Sellers were used as liqudity and buyers are now trapped in the long where price reverse against them. Turtle soup during the manipulation phase.
📌 Logic behind the action of retail
Less informed traders bought early and other group of Turtles selling the break out of the lows, they are wrong on the lows. Sellers were used as liqudity and buyers are now trapped in the long where price reverse against them. Method is effective and it feels great catching highs and lows, but you need to ask yourself questions :

🧠 Do you want to become profitable, or are you chasing sniper entries to impress others in communities and feed your ego? If your goal is profitability. remember that all you truly need is an edge.

Hence, turtle soup is part of my strategy mixed with the ranges. It gives us complete 100% mechanical trading approach which I have described in this post Click to picture to learn more 👇

🧩Market Context is important
successful turtle soup entry occurs only when you have right the market context. In other words you want to buy lows in uptrend and sell highs in the downtrend.

📌 Up Trend - Trade Stop Hunt (Turtle soup) buy below the lows
📌 Down Trend - Trade Stop hunts (Turtle soup) sell above the highs ‼️ You can only catch high-probability turtle soups if you have accurately determined the higher timeframe draw on liquidity and entering on the pullback deep enough.

📌Not every level is valid for you to trade. Trade only those below 50% pullback - in other words in the discount 📌 Wrong approach
We can see low was turtle souped / stop hunted and your setup occurs on the key level its all fine 📌 Setup is technically right. But by placing the trades in premium they creates a stop loss cluster = liquidity in the discount. Then this happen - price go for the liquidity of early buyers in the premium hits key level in the discount and it continue with the trend. Im not saying that key levels in the premium cant work, in the strong trend there is no always pullback to the discount. But by applying Dealing ranges you will get:

• Less but more accurate trades
• Higher Risk reward setups
• You can build HTF narrative
• Use it for targets
• Better risk management

You also need to build a sharp narrative around it using weekly and intraday profiles.
OHLC, P03, dealing ranges and so on, because there is different ways how market makers deliver price to the key level it can be either simple AMD or expansion to the reversal.

🧩Turtle soup and key level
if you see range just below the key level. Smart money are building liqudity and there will be manipulation. If price is already on key level deep manipulation is not necessary. or it can be sharp expansion to the reversal which is the best turtle soup entry to catch highs / Lows. HTF Key live is a must part of the setup.
if there is not a key level in the premium price is often retracing to the discount key level in order to create a liquidity around a key level price makes a false break which sucks traders in to the market and create a liquidity on a key level and liquidate them. 🧩Entry Method:
You don't need sniper-accurate entries to be profitable.
You don't need to catch the extreme top or bottom to succeed. All you need is an edge
over the markets and a clear awareness of all the variables so you can stay vigilant.

📌Successful Trades Turtle soup + Range :

🧪 USDCHF Turtle Soup Long - CIOD confirmation click picture👇

🧪USDJPY Turtle Soup Long - CIOD confirmation- Click picture 👇

🧪AUDUSD Turtle Soup Short - CIOD confirmation picture👇

🧩Step-by-Step Approach
• Always start with the Higher Timeframe and define the trend Monthly / Weekly
• Identify your draw on liquidity using the Daily and 4-hour timeframes.
• Focus on the double bottom / Tops - thats best targets

🧩Build a Narrative:
• Determine how price is likely to move toward the draw on liquidity.
• Identify which key levels it might test before expanding toward the target.
• Consider when liquidity might be taken (key times) and when reversals could occur.

🧩Select Key Levels and Candle Ranges:
• Choose key levels and a relevant candle range.

🧩Wait for Stop Hunts / Turtle soup / Manipulation:
• Look for these to occur at a key times during the London or New York session

💊Price is fractal
If you want to refine on the lower timeframe here is the how to trade it during the London session. click picture👇

As I quoted master Bruce lee on the beginning:

Adapt whats useful , rajcect what is useless and add what is specifically your own.[/I]

Take from this what useful , but remember strategy is only 20% of success. What makes it working is traders conviction , confidence and discipline which is build by backtesting and knowing your statistical data.

✨Trading Mastery is reflection of your life
Have a longterm plan, No Alcohol & Drugs, Ignore others, Focus on your journey , Backtest regularly, Review your weeks, Journal mistakes, Exercise, Sleep well, Read books, Walks in nature (no phone) , Meditate, Reduce social media time, Spend time with family, Live Life.

Trading is hard, but not impossible. I believe in you 💪

David Perk aka Dave Fx Hunter