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VaderDan
Expert TraderProfessional trader specializing in Candle Range Theory (CRT), Wyckoff Method, and institutional order flow analysis. Helping traders master prop firm challenges and develop consistent trading strategies.
Turtle Soup Trading Plan for Beginners
Rule the Candle. Rule the Trade.
INTRODUCTION
Most traders fail not because their strategy is bad,
but because they have no plan.
Turtle Soup becomes powerful only
when it is traded with rules.
WHAT A TRADING PLAN DOES
A trading plan removes emotion.
It creates consistency.
It protects your capital.
YOUR TURTLE SOUP RULES
- Only trade obvious highs and lows.
- Only trade failed breakouts.
- Only trade during active sessions.
- Never trade without confirmation.
RISK MANAGEMENT
Risk must be fixed per trade.
Never move stops.
Never revenge trade.
Capital preservation comes first.
PSYCHOLOGY
Turtle Soup feels uncomfortable.
You fade excitement.
You fade panic.
This is why most people cannot trade it.
Turtle Soup Checklist
1. Higher Timeframe (HTF) Analysis (Daily/Weekly):
- •Identify HTF Bias: Determine the overall trend (bullish/bearish).
- •Mark Liquidity: Identify significant past highs (Buy-Side Liquidity - BSL) and lows (Sell-Side Liquidity - SSL).
- •Find Draw on Liquidity (DoL): Determine where price is likely headed next (e.g., if bullish bias, target BSL).
2. Lower Timeframe (LTF) Execution (1H, 15M, 5M):
- •Liquidity Sweep (Soup): Wait for price to break past an old HTF high (for a short) or low (for a long), grabbing stops (liquidity).
- •Market Structure Shift (MSS): Look for price to quickly reverse and break the immediate LTF structure in the opposite direction (e.g., breaking back inside the range after the sweep).
- •Confirmation: A strong reversal candle or clear rejection.
3. Entry & Risk Management:
- •Entry Point: Enter as price retests the broken level, a Fair Value Gap (FVG), or an Order Block.
- •Stop Loss (SL): Place just beyond the high (for shorts) or low (for longs) of the liquidity sweep.
- •Target (TP): Aim for the opposite side of the range or the next significant liquidity level.
- •Time Filter: Look for trades during specific market opens (e.g., London 1 AM - 5 AM, NY 9 AM - 1 PM).
4. Verify:
- •Fair Value Gap/Order Block: Is there a supporting FVG or Order Block at the entry point?
- •SMC Concepts: Does it align with Market Maker Buy/Sell Models?
JOURNALING
Every trade should be logged.
Screenshots.
Notes.
Emotion tracking.
This builds discipline.
CLOSING
A strategy without rules is gambling.
Rule the Candle. Rule the Trade.