Learn a profitable trading strategy that involves taking a maximum of two trades per day, maintaining a fixed risk to reward ratio, and looking for fresh market structures during the London and New York sessions.
Key insights
- 🤖This trading strategy emphasizes the importance of following rules like a robot, with a maximum of two trades per day and a fixed one to two risk to reward ratio.
- 📈The Turtle Soup Trading Strategy involves waiting for a candle to close above the previous high and then waiting for another candle to close below the previous high before taking an entry on the retest.
- 🧠Determining if the price has truly broken out or if it’s just a liquidity sweep can be done by using the Fibonacci tool from the B leg low to the A leg high.
- 💰The trading strategy involves waiting for price to close above a certain level and then looking for an entry on the retest, with a stop placed above the high.
- 💰Traders can choose between different risk-reward ratios (1:2 or 1:4) based on their tolerance for losing streaks and win rates.
- 📈The strategy emphasizes the importance of waiting for the body to close above or below a certain range before making a trade.
- 👋The speaker expresses their hope that the viewers enjoyed the video and looks forward to the next one, showing their commitment to consistently providing content.
Q&A
- What is the trading strategy discussed in the video?—The trading strategy involves taking a maximum of two trades per day, maintaining a fixed risk to reward ratio, and looking for fresh market structures during the London and New York sessions.
- When should I trade according to the strategy?—You should trade only during the London and New York sessions, looking for a fresh market structure that does not start from the Asian session.
- What is the pattern used in the strategy?—The pattern consists of a trend in one direction, followed by a pullback and then a continuation with higher highs and higher lows.
- How do I determine a valid entry point?—Wait for the candle to close above the a-leg high, then wait for another candle to close below the a-leg high, and take entry on the retest for a simple trading strategy.
- How can I determine if the price has broken out or is just a liquidity sweep?—Use the Fibonacci tool from the B leg low to the A leg high. If the price touches the 0.5 level and then comes back into the range without touching the -0.5 level, it is a valid entry point. If the price hits the OTE level before entry, the setup becomes invalid and it is safer to wait for the next day.
Timestamped Summary
- 📈00:00 Learn a profitable trading strategy with a maximum of two trades per day, skipping the next day if the first trade is a loser, and maintaining a fixed risk to reward ratio, only trading during the London and New York sessions and looking for a fresh market structure.
- 🐢02:44 Wait for a candle to close above the a-leg high, then another candle to close below it, and take entry on the retest for a simple trading strategy.
- 🐢04:50 The trading strategy discussed in the video does not require daily bias and suggests taking entries before 6 am for the New York session and after 8 am for the London session, with specific rules to determine invalid setups.
- 📈06:13 Use the Fibonacci tool to determine if the price has broken out or is just a liquidity sweep, and if the price touches the 0.5 level and comes back into the range without touching the -0.5 level, it is a valid entry point.
- 🐢09:20 Look for the turtle soup pattern on the 5-minute chart, enter on the retest with a stop above the high, aiming for a 1:2 risk-reward ratio.
- 📈10:57 Access to private Discord server provides trading signals, course updates, and a community of successful traders, with beginner and advanced strategies available, using fractals indicator for a simple entry and 1:2 risk-reward ratio.
- 🐢13:26 Identify legs and ranges in the market, wait for body to close above or below range, enter trades on retest for simple and mechanical trading, avoid small pullbacks and trading after high impact news.
