Turtle Soup Pattern | Trading Strategy | LiteFinance

Enjoy and Good Luck! The Turtle Soup trading strategy is based on the breakout trading system of the Turtles.The difference is that we want the breakout to fail when using the Turtle Soup strategy.The story of the Turtle Traders is a popular one and shows that people who have no prior financial training, can be taught to trade.It also shows that given the same system, traders will get different results.Part of the trading system the Turtles used was buying new 20 day and 50 day highs. The system also included selling the new lows as well.The trading system worked when a significant event took place that would help drive the price in the direction of the breakout.Often times, the price moved against the breakout and that is where Turtle Soup begins to shine. #litefinance