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Time and Turtle Soup

The document outlines trading strategies based on time and price analysis, focusing on the importance of candle patterns and market cycles. It emphasizes the division of candles into parts for better prediction of market movements and the significance of key levels and liquidity pools. The text also discusses the timing of trades and the relationship between higher and lower timeframes to optimize trading outcomes.

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venunayak101
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100% found this document useful (1 vote)
100 views9 pages

Time and Turtle Soup

The document outlines trading strategies based on time and price analysis, focusing on the importance of candle patterns and market cycles. It emphasizes the division of candles into parts for better prediction of market movements and the significance of key levels and liquidity pools. The text also discusses the timing of trades and the relationship between higher and lower timeframes to optimize trading outcomes.

Uploaded by

venunayak101
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Time and Turtle Soup

Division of time-

OHLC / OLHC
IPDA
Time Cycles (45, 90… etc)
Important dates (for swing traders)

OHLC - Bearish
OLHC - Bullish

MONTHLY CANDLES
2
Two main theory -

. Each candle is divided into 3 parts

A - Accumulation
M - Manipulation
1
D - Distribution

. Each candle is divided into 4 parts

O - Open. Or. O - Open


H - High. L - Low
L - Low. H - High
C - Close. C - Close

High and low are the only variables.

There are three trades -

– Low/High (SMR)
– Mid (Retracement - Continuation)
– Close (Pull back - Reversal)
Market spend more than 70% accumulating

You can be expecting expansion during accumulation phase.

Mark the Monday candle opening price


you have to anticipate the high and the low, doesn’t have to be the perfect, you just have to
catch the piece of the move.

Use the OHLC / OLHC to predict the Weekly and Daily range.

OSOK trade is predicting the outcome of the whole weekly range.

Opening price notes - Existing or newly formed liquidity pools (key level) above/below the
opening price —> Manipulation (Turtle soup)
Those red lines are the key level.

The numbering gives the amount of entry we can get from one OHLC/OLHC, but it depends on
the timeframe.

Framing a trade off of HTF like the Monthly and Weekly will give a lot of setups in the LTF.

Price without time is useless as well as time without price is useless.

They should be in key time as well as price.

Price can be in the form of key levels, pd arrays.

Time can be in the form of sessions, day, week, months.

How will you frame a trade idea?

– Where is price likely to draw to?


– What potential entry point do you see?
– What is the point in price which is highly unlikely to be reached before the draw on liquidity
is reached, invalidation.

You can use the fib for more different way in looking price.

The division of each candle -

3 on the Weekly & Daily candle


4 on the Monthly candle

Dissection of candles can be in 3 candle process:


– 1 candle at a key level

In a bullish market ,a bearish candle is anticipated to be engulfed in the next candle.

In a bearish market, a bullish candle is anticipated to be engulfed in the next candle.

Rules for entering trades

. Buying below / selling above the opening price in bullish / bearish into the higher
timeframe key level.

. How to avoid being stopped out?


– Always wait for the confirmation of the high being broken whether it’s the opening price
– Always wait for the confirmation of the high being broken whether it’s the opening price
being flipped or the high that broke the low being flipped (bearish to bullish ciof) or wait
for the section of the candle to play out as it supposed to be.

Week 1 to accumulate
Week 2 to manipulate
Week 3 to distribute (look for bias)
Week 4 usually chop or continue.

The higher timeframe to give us draw on liquidity and the lower timeframe for the “entry pattern”.

We want to be done by week 3.

If we miss week 2 we still can take week 3… if the draw on liquidity is still in tact.

Good place to put stop loss -

London highs and lows


Tuesday highs and lows
Week 2 highs and lows

Trade - High/low of the candle to mid of the candle.

We take a higher timeframe candle and we want a range to form at the high or the low of the
higher timeframe candle.

And we are trading that rang to the opposing end of the higher candle itself.

It can be 3+ candle formation.

The weeks range are timed range.

Blend the range on the lower timeframe with the range on the higher timeframe during the
manipulation phase. With this you will get good trades.

Keep in mind the bias, narrative and context

WEEKLY CANDLES

Candles are ranges


Candles are ranges

A range is either broken truly or broken falsely.

When we close above / below a high / low = continuation

When we wick above / below a high / low = retracement / reversal (Specially in the 3 candle
model, the weekly range)

Extremely old liquidity pools 12/9/6/3 months old liquidity pool.

Highest probability model-

Taking old liquidity pool and transfer it to recent liquidity pool.

You enter either by-

– Blind entry
– HTF model (3 candle pattern)
– Confirmation

Filter the weekly range using h4, h2, h1.

A true range will show itself, you don’t need a second guess.

Blend this with orderflow, market profiles.

Monday range high to low trade-


Asia range high to low trade-

Are same technically.

You can start hunting from 3 am, the exact time for a swing to be formed. SMR.

Time for manipulation is 2 am.

2:50-3:10 am

This is how we use the Asia range to trade the Monday range.

Judas 1-2 am, during the London kill zone.


Judas 1-2 am, during the London kill zone.

For the higher timeframe trade we want the Monday range to be turtle souped.

Weekly timeframe trade - use the daily and the h4 po3.

At the key level, the time ranged model week 1,2,3… day of the week and h4 of the day
we want to see harmony.

Key takeaway- HTF KEY LEVEL, Timed ranges, deploy the time where weekly open (time and
price). What week they are?

If Monday expand do nothing,


if it close above / below then it’s a real breakout.

DAILY CANDLE

Can be frame off of Monthly and Weekly Timeframe.

Market profiles and chart time.

Daily candle is divided into -

6×4 = 24or 4x6 = 24

00:00, 06:00, 12:00, 18:00 (6 hours chart)

1, 5, 9 and 13, 17, 21 (4 hours chart)

This will free you from the kill zone mentality.

Forex - 1am usually by 3am swing has formed

Index- 9am

Pay more attention to the market profiles, highs and lows and time.

Resonate with the model. As long as you make money, you’re not wrong.
BLENDING TIME AND PRICE THEORY

Most rally engulfing candle in the direction of the rally.

It is important to take the logic.

The best timeframe to trade the daily range is 5/15 minutes, the weekly range is h1/h2 sponsored
by h4.

Rejection block is usually going to be taken.

Use of smt is important to expect rejection block to hold.

SMT = Rejection block = EQLS left.

How to trade a rejection block?


– same as the smt wait for the cisd.
– The one that turtle souped is ideal one for trade.
– RB on the htf are ob on the ltf.

Criteria of ob -
– At a key level
– Sweeps liquidity
– Thick heavy fvg displacement

How to trust a high or low to hold?


– Bearish condition, it is a good idea to trust the london, Tuesday, week 2 highs to hold.
– Bullish condition, it is good idea to trust the london, Tuesday, week 2 lows to hold.

Common mistakes -

– Not backtesting enough


– Not forward testing enough
– Expecting a trending candle and being surprised by a ranging candle, always take partials
at important highs and lows and 50% level.
– Shorting and longing random highs and lows, you must understand time ranges.
– Asia range, h4 range, Monday range, Week 1 are the time ranges.
– HTF PD Array
– Opening price
– ADR?
– STDV?
– Are we in premium or discount?
– What’s the market profile?
– Expecting a false breakout and getting surprised by a real breakout.
– What’s the logic, bias and narrative?

Higher timeframe PD array + Open + Market profile = life saver

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