REVEALED ENTRY FUNCTIONS OF CRT | TURTLE SOUP

Summary

In this insightful video, the host expresses gratitude to their community and discusses the importance of understanding entry functions in trading. They emphasize the significance of identifying patterns at higher time frames and being patient in waiting for the right moments to trade. The host explains various concepts, including manipulation and distribution time windows, key levels, and the necessity of aligning trading strategies with specific time frames. By sharing personal experiences and practical examples, the video aims to equip viewers with essential knowledge for better trading practices.

Takeaways

• 😀 Appreciate your community: Acknowledge and value the support from your subscribers and followers.
• 🕒 Timing is crucial: Always wait for the right time to trade; align your trading actions with specific time windows.
• 📈 Understand patterns: A trading pattern reflects the price action on a lower time frame at a higher time frame's key level.
• ⏳ Be patient: Successful trading requires patience and the ability to wait for ideal trading setups.
• 💡 Use candlestick analysis: Recognize manipulation and distribution time windows to enhance your trading strategies.
• 🔍 Identify key levels: Always enter trades at or below the open price, especially in bullish setups.
• 🔄 Monitor changes: Be aware of changes in market structure, such as the change of state delivery (CSD), to inform your entries.
• 📊 Practice verification: Always verify strategies on your own charts to ensure their effectiveness and reliability.
• 🚫 Avoid revenge trading: Resist the urge to trade impulsively after a loss; maintain your capital and wait for the right opportunities.
• 📅 Study market cycles: Understand the different quarters of trading time and how they impact market behavior.

Q & A

What is a pattern in trading as defined in the video?

A pattern in trading refers to the price action observed on a lower time frame at a key level on a higher time frame. For example, analyzing 5-minute price action at a 1-hour or 4-hour key level.

Why is patience emphasized when looking for patterns?

Patience is crucial because traders need to wait for the right conditions and timing to execute trades. Entering trades prematurely can lead to losses, so waiting for patterns to align at appropriate times is key.

What are the manipulation and distribution time windows mentioned?

The manipulation and distribution time windows refer to specific periods within a trading session when price movements are expected to occur. For instance, during the 9:00 AM to 1:00 PM window, the 9 AM candle is manipulated from 10 to 11 AM and distributed from 11 AM to 12 PM.

What is the significance of key levels in trading?

Key levels are significant price points where the market has previously reacted. Traders look for patterns and price action around these levels to make informed trading decisions.

How does the concept of turtle soup apply in trading?

Turtle soup refers to a specific trading strategy where the price action 'soups' or breaks above a previous candle’s high or low, indicating a potential reversal or continuation of the trend. Traders aim to enter at these points for potential profit.

What is the role of a change in the state of delivery (CSD)?

A change in the state of delivery indicates a shift in market structure or sentiment. This is a key moment for traders to identify potential entry points, as it often precedes significant price movement.

Why should traders avoid entering trades during specific quarters of the trading session?

Traders should avoid entering trades during certain quarters, especially if patterns do not form as expected, because these periods may not align with optimal market conditions for trading.

What does the video suggest about using inefficiencies (FVG) in trading?

The video emphasizes the importance of recognizing inefficiencies (FVGs) in the manipulation leg. Traders should wait for these inefficiencies to be filled before entering trades, ensuring a more reliable entry point.

What is the overall message regarding time in trading?

Time is considered the highest priority in trading. Understanding the timing of price movements and aligning trading strategies with specific time frames is essential for success.

How can traders validate the concepts shared in the video?

Traders are encouraged to verify the concepts discussed, such as manipulation time windows and the effectiveness of entry strategies, by analyzing their own charts and trading data.