Will filter out many "false " market structure shifts.
• A LOW or HIGH is either sponsored by smart money, or left to die.
• If sponsored by smart money; you will see them not wanting it to be broken too much for too long.
• Vice versa; if they are NOT using a level as an accumulation zone, it will be sliced through with ease:
Live example of what a turtle soup should look like:
I call it the "knife stab" effect when it's a bearish turtle soup.
You have just stabbed the market in the heart and are witnessing the stream of Blood coming out in the shape of back to back red candles.
Knife stab > stream of blood pouring out.
(P.S I have enigma so no stop loss needed)
Stream of pure red blood pouring out of the markets heart, fueled by the wishful thinking of breakout turtle traders.
Knife stab effect.
If you're interested in learning how to really cook a delicious turtle soup;
Look at all turtle soup examples you can find.
Burn the image of them in your mind.
The HIGH and LOW that are falsely broken are used as booby traps to sucker in turtle traders and use them as fuel.
The thread ends here.
Good luck and good trading.
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1- Are they good or bad?
A- Depends who is hosting them, they could be a waste of time and money; or they could be the best thing you did with the $ of the fees (ICT had a paid group).
2- Are they a scam?
A- Depends who is hosting them.
3- Are paid group leaders so shit at trading that they need an additional source of income?
A- Depends.
There can be an excellent trader who has emotional issues leading to bad trade management. He can use his price reading skills as an additional source of income.
(2/3)
4-Are paid group leaders profitable traders?
A- Most aren’t, some are. ICT is the best trader I have seen and he had one.
Is he a shit trader?
99% of paid services out there are trash used to make a quick buck by the owner, very few are providing value.