Wednesday, February 21, 2024

Turtle Soup Day In Day Out │ Max Singh

The Turtle Soup trading strategy was developed by Linda Bradford-Raschke and published in her 1996 book Street Smarts: High Probability Short-Term Trading Strategies
 

The strategy’s name is a reference to a well-known strategy called Turtle trading, taught by Richard Dennis and William Eckhardt in the 1980s to a group of novice traders called the 'Turtles'. 
 
 

Linda Bradford-Raschke inverted the reasoning behind the original Turtle strategy in order to develop a short-term trading method using false breakout reversals at key levels. The strategy can be used on 1 hour, 4 hour or daily charts. The method is simple but requires understanding of order flow and market structure. 

 
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