โค๏ธ ๐๐ต๐ถ๐ ๐ฝ๐ผ๐๐ ๐ถ๐ณ ๐๐ผ๐ ๐ฎ๐ฟ๐ฒ ๐ด๐ผ๐ถ๐ป๐ด ๐๐ผ ๐ฅ๐๐๐ ๐ถ๐
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Before we get started, let me be clear
Yes, this can change How you see the market
Now , Let Me First Simplify What Turtle Soup is ...It is basically
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This is the Best Method to identify HTF Draw on Liquidity
๐๐ ๐๐ฒ๐ฟ๐ป๐ฎ๐น ๐ฅ๐ฎ๐ป๐ด๐ฒ ๐๐ถ๐พ๐๐ถ๐ฑ๐ถ๐๐ (ERL) : It is the Liquidity that resides above Highs and Lows ( Swing Points )
Price generally draws towards these swing points to take out Highs & Lows
Monday Range - Turtle Soup Model ๐
๐น Monday being the first day of the week
๐น Mondays close we have our first sell stops and buys
stops that are visible n the form of swing points
๐น Mondays range is liquidity rather than price levels
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A thread ๐งต
There are two forms of institutional swing points in the market
Stop Run
Failure swing
Lets take the example of selling scenario the market will generally rally up to the old resistance (any pd array) .Generally it will fall short by few pips and started trading lower .