Time

&
Turtle Soup
Presented by Timon
 OVERVIEW

N the Low and Sell the High”

The idea of turtle soup isO“Buy
M

Price starts from Turtle Soup and Ends with Turtle Soup
TI

Ict is the Key to the charts

Turtle Soup is the Key to ICT
 Pre-Knowledge

Before knowing all about CRT we should know about

OHLC & OLHC , IPDA & Time Cycles.

Time Frame alignment:

Monthly- H4 PO3 , Weekly- H1 PO3 , Daily-M15 PO3 ,4 Hour-

M5 PO3
 What is CRT?

CRT- Candle Range Theory

Every candle is a Range.

All candles are Ranges

Ranges are Angels

 CANDLE FORMATION

OHLC / OLHC Bullish Bearish

OHLC / OLHC (3 Candle Theory)

1. Range (A)

2. Turtle Soup (M)

3. Expansion (D)
OHLC & OLHC (PO3/AMD)

2 Theories of Candle Deviation

Smart Money operates on specific quarters
1. A specific Monthly candle of the year.
2. A specific Weekly candle of the Month.
3. A specific Daily candle of the Week.
4. A specific Hourly candle of the Day.

TIME FRAME ALIGNMENT (HTF -LTF)

Monthly- H4 PO3
Weekly- H1 PO3
Daily-M15 PO3
4Hour-M5 PO3
HTF LTF
 Time
&
Turtle Soup
Chapter 1-Anatomy of HTF
Candle
Presented by Timon
 Over View

Every Highs & Lows , Every Swing Points , Every

MSS are Predetermined before the candle gets
Printed.

Remember Time is more important than Price so

submit yourself to time.

So in this thread we simply re-define higher time

frame and their anatomy of Candle from
(Monthly Daily TF),(Weekly 4 Hour),(Daily 1 Hour).
 Monthly Candle

In a month we have 2 high probability week.

The Low/High of the Month mostly will form
between 1st or 2nd Week.
The High/Low of the Month mostly be
capped on 3rd or 4th Week.
By Differentiating we can simply play in
expansion or distribution where price offers
smooth entries on LTF.
Monthly Bullish Candle
Monthly Bearish Candle
 Weekly Candle

There are 2 high probability trades per week.

Once at Low and once at High of the week.

The Low/High of the week mostly form

between Monday-Wednesday.

The High/Low of the week mostly be

capped between Thursday-Friday
Weekly Bullish Candle
Weekly Bearish Candle
 Daily Candle

A Daily candle consists of Six 4hour Candles

There are 2 high probability sessions per

day totally 10 per week.

Once every 1:00 AM candle or 9:00 AM candle

To master a time-based model, choose one

of the abovementioned and master it with
precision while hitting from all angles.
Daily Bullish Candle
Daily Bearish Candle
 Conclusion

Before knowing about Daily Bias , Before knowing Draw

On Liquidity , Before Knowing about Execution we must
know how to Narrate HTF before Diving into LTF.
We simply dont trade patter with step by step
approach by just learning the concept through a
single thread.
So we are slowing building our HTF Narrative with
logic before diving deeper into the concept.
Hope this thread helped you to understand
the Anatomy HTF Candle in the Vision of
Candle Deviation.

Note: You dont need to implement all the HTF time frame into
chart just get comfortable with One are Two HTF candle and
master.
 ICT University

THANK YOU
Presented by TIMON

@timon_ict
 Time
&
Turtle Soup
Part 3-BIAS Building

Presented by Timon
 Elements to Build BIAS:
1. Order Flow a.k.a Market Structure
2. IPDA
3. IRL->ERL , ERL->IRL
4. Ranges
5. Determining DOL.
Presented by Timon
1
Market Structure
Market Structure is a Direction of Price Movement

There are three forms of Market Structure:

1.Bullish M S: Market makes Higher high and higher low

2.Bearish M S: Market makes Lower High and Lower Low

3.Range/Sideway: Market makes Higher Highs and

Lower Lows inside a range bound market.

Presented by Timon
1.2 Order Flow
MARKET STRUCTURE IS HOW PRICE GETTING FORMED , ORDER FLOW IS HOW
WE READ MARKET STRUCTURE IN FRACTAL WAY ALONG THE FORMATION.
Order flow is very important to determine BIAS , If you
understand the order flow the BIAS gets easier.

Bullish: In a Bullish OF price breaks the High with strong

candle closure higher and lows gets swept/rejected.
Bullish PD array gets Respected and bearish PD array gets
Inversed/Fails.

Bearish: In a Bearish OF price breaks the Low with strong

candle closure lower and highs gets swept/rejected.
Bearish PD array gets Respected and bullish PD arrays gets
Inversed/Fails.
Presented by Timon
1.3
Market Structure: Order Flow:

Presented by Timon
1.4 Bullish OF

Presented by Timon
1.5 Bearish OF

Presented by Timon
2 IPDA
IPDA- Interbank Price Delivery Algorithm

Retracement

Consolidation Expansion

Reversal

Price always does any one of these cycle ,

there is nothing else Market does.
Presented by Timon
2.2 What are the Price Cycles Market
do and don’t?
Price starts from consolidation so the Next stage will always
be an Expansion
Retracement

Price can goes from Expansion Reversal

Consolidation

Retracement
Price cannot goes from Consolidation
Reversal

Presented by Timon
2.3 Reversal Model (AMD)

Note: *Bearish Example

2.4 Continuation Model

Note: *Bearish Example

2.5

Retracement

Expansion Reversal

Consolidation
2.6 The algorithm reaches for 2 things:

1. Liquidity (Resting liquidity)

2. Imbalance (HTF Imbalance)

IPDA seeks liquidity and reprice to rebalance at the same

time to ensure efficient delivery of price.

Algorithm is very efficient in delivering price, it rather hits two

mangoes with one stone.

Presented by Timon
3
(IRL->ERL) (ERL->IRL)

IRL - Internal Range Liquidity - Liquidity Inside a

Dealing Range present in the Form of Imbalance
ERL- External Range Liquidity - Liquidity outside a
dealing range present in the form of SSL/BSL.

IRL-ERL=Imbalance Liquidity=>Continuation
ERL-IRL=Liquidity Imbalance=>Counter trend

Presented by Timon
3.2
Price is always does two things:
Offering fair value (IRL) Seeking liquidity (ERL).

This concept can be applied to ALL timeframes

Combining ERL & IRL will give you a powerful tool for
determining where price is likely to go

Now you got the answer why & where does price
moves from & to.

Presented by Timon
3.3 (Internal External)

Note: *Bearish Example

Presented by Timon
3.4 (External Internal)

Note: *Bearish Example

Presented by Timon
Hope this thread helped you to Build BIAS.
The Upcoming Chapter 4 - Ranges &
Chapter 5 - Determining Dol will teach
you to Narrate Market.
 ICT University

THANK YOU
Presented by TIMON

@timon_ict
 Time
&
Turtle Soup
Part 4- Ranges x Dol

Presented by Timon
 Diving Deep into Range

Chapter 1 : Anticipating Range Formation

Chapter 2 : CRT(Candle Range Theory)

Chapter 3 : Determining DOL

Presented by Timon
0.1 Over View
Before diving deep all into Ranges lets have a short
note on turtle soup.

Turtle soup was vastly known as False breakout , a

raid on stops above short term high/lows
Turtle soup happens at the beginning of a candle
which is the initial stage of Reversal after trapping
Retailers at a Key Level X Key time.

Presented by Timon
0.2
Graphical Illustration

Presented by Timon
0.3 Bearish Turtle Soup:

Presented by Timon
0.4 Bullish Turtle Soup:

Presented by Timon
1 Anticipating Range Formation
What is a Range ?
Generation of Liquidity in the form of accumulation
where Highs and Low engineers Liquidity.
Why Range gets formed?
Before making an expansion , price generates
liquidity in the form of Ranges so its gets turtle
souped.
Where does a Range gets formed?
Ranges gets formed at the area of PD array or around
Liquidity at a Key Time.
Presented by Timon
1.2 Every Candle has its own Range (Low - High / High - Low)

So the Range either gets manipulated or Broken Out.

Presented by Timon
1.3 How to Identify a Valid Range?
Even through every candle is a Range we dont see all of it.

Step 1 : Identify the order flow weather its

Bullish or bearish
Step 2 : Identify either Market Heading to
IRL-ERL or Diving to ERL-IRL
Step 3 : Mark out the recent beefy candle formed
near or at the HTF Array
Step 4 : Anticipate for turtle soup to happen at
a key time.
Presented by Timon
 Identifying Range Candle
1.4 Bullish Example : Internal - External

Step 1 : Step 2 : Step 3 :

Presented by Timon
 Identifying Range Candle
1.5 Bullish Example : External - Internal

Step 1 : Step 2 : Step 3 :

Presented by Timon
 Identifying Range Candle
1.6 Bearish Example : Internal - External

Step 1 : Step 2 : Step 3 :

Presented by Timon
 Identifying Range Candle
1.7 Bearish Example : External - lnternal

Step 1 : Step 2 : Step 3 :

Presented by Timon
1.8 Note on Range Candle :
High Probability range candle forms after/near a Liquidity
Pool or at a HTF PD array
Range candle is so crucial to simplify the Context and
Narrative
They literally used to build liquidity at the Highs and Lows
So the Range candle gets confirmed by the next candle
which manipulates either High/Low
Moreover the Price we need time in Action which confirms
all the criteria above.

Presented by Timon
2 CRT (Candle Range Theory)
What is Candle Range Theory ?

CRT is a Reversal Model which revolves around the Anatomy of 3

Candle Structure

CRT combines the concept PO3 with Turtle Soup/HTF POI.

CRT is much more than Price its the Time which confirms the Exact
Reversal in price.

Where does CRT gets Formed?

CRT must gets formed at the HTF Liquidity / HTF PD array especially
When Both time and price meets.

Presented by Timon
2.2 Graphical Illustration

Every highs and lows

are formed with this 3
candle structure which
defines CRT

Presented by Timon
2.3 How to Identify a CRT ?
Step 1 : Identify and mark HTF Liquidity or HTF
PD array.
Step 2 : Mark out the Range candle formed
near/in the HTF POI & expect 2nd candle to
manipulate either Range High/low.
Step 3 : If price was bullish anticipate range low
to get Purge and revert vice versa for bearish.
Note: *2nd candle should have a healthy rejection from POI .
*2nd Candle should not body close the Range Candle.

Presented by Timon
2.4 Identifying Purge Candle: Bullish
Step 1 : Step 2 : Step 3 :

Presented by Timon
2.4 Identifying Purge Candle: Bearish
Step 1 : Step 2 : Step 3 :

Presented by Timon
3 Determining DOL

Determining Draw on Liquidity (DOL) helps us to narrate

market movements with the Directional Bias.

DOL often act as Magnet for price , recognizing them will

builds up bias which improves Narrative.

Knowing the Draw on Liquidity helps to avoid

unnecessary stop hunts and low probability setups.

Presented by Timon
3.2 Identifying DOL
After identifying the Range candle , after identifying Purge
candle its crucial to identify the Expansion Candle.
So to identify where the Expansion leads we need to look out
for the Draw On Liquidity.
Draw On Liquidity always be at the Opposition side of
manipulation Candle which purges High/low of the Range.

In a bullish order flow after range low gets purged we

simply target 50% level of Range as (LHF) and Range High
as initial Draw On Liquidity(DOL).
Presented by Timon
3.3 Graphical Illustration

Presented by Timon
3.4 Graphical Illustration

Presented by Timon
3.5 Identifying Bullish CRT

Presented by Timon
3.5 Identifying Bearish CRT

Presented by Timon
 Conclusion
Parts 2, 3, and 4 provided valuable insights through
exploring the logic behind market movements.
They help to establish a directional bias which boosts
your confidence by offering a clear and logical
narration of the market's dynamics.

Remember , none of this is random patterns —fuck

those who trades useless, chaotic nonsense instead of
following a logical, structured system.

Presented by Timon
 ICT University

THANK YOU
Presented by TǏMӨӤ

@timon_ict
 Time
&
Turtle Soup
Part 5- CRT Subtypes

Presented by Timon
 Over View
Do you really think that CRT is always forms with the
same three Candle Structure , if yes you are wrong.

If you want answer for other variants for CRT just

dive further into this thread to gain some insight of
different Price formation.

In this thread we gonna explore the different

variants or other models of CRT.

Presented by Timon
 Subtypes of CRT

Type 1 : 3 Candle CRT (Classic)

Type 2 : 2 Candle CRT (Aggressive)
Type 3 : Multiple Candle CRT (LP)
Type 4 : Inside Bar CRT (HP)
Type 5 : 3rd Candle Purge & Revert (Rare)
Presented by Timon
 Type 1 : 3 Candle CRT

1) A classic structure which widely used by most of

the trader using CRT.

2) 1st Candle forms a Range , 2nd Candle Purges

Liquidity and 3rd candle Reverts to the opposite
liquidity .

3) Everything settles within the 3 Candle.

4) We have a detailed notes on this model in previous

threads.
Presented by Timon
Graphical Depiction : Bullish

Presented by Timon
Graphical Depiction : Bearish

Presented by Timon
2 Type 2 : 2 Candle CRT
1) The only difference from the previous model was
Price expands and reaches Dol at the 2nd candle.

2) After 2nd candle purges liquidity from 1st

candle price gets delivered Aggressively towards
the Draw On liquidity within the 2nd Candle.

3) Two Candle CRT mostly occurs during a news or

when price gets dilation before a Key Time.

Presented by Timon
2.2 Graphical Depiction : Bullish

Presented by Timon
2.3 Graphical Depiction : Bearish

Presented by Timon
3 Type 3 : Multiple Candle CRT
1) This model is so similar to the Classic CRT but the only
difference is the 3rd Candle Expansion takes multiple candle
to reach the overall Destination.

2) After 2nd candle purges liquidity from Range candle the

Expansion takes longer than the range candle to distribute
price towards the DOL.

3)This Model mostly occur at Counter trend / ERL (External) -

IRL (Internal) or at PM session or on a low probability
condition.
Presented by Timon
3.2 Graphical Depiction : Bullish

Presented by Timon
3.3 Graphical Depiction : Bearish

Presented by Timon
4 Type 4 : Inside Bar CRT
1) This model differs from all other variants , one of the most
unique , high probability used by CRT traders.

2) After 1st candle forms a range then 2nd candle or

upcoming candles forms inside the 1st Candle Range which
makes Inside bar , when price purges High/Low of the Range
then the Expansion towards the Opposition Liquidity said to
be high probability.
3)Liquidity gets build in the form of inside Range candle so a
false breakout happens at Engineered Liquidity.
Presented by Timon
4.2 Graphical Depiction :
Bullish Inside Bar CRT

Presented by Timon
4.3 Graphical Depiction :
Bearish Inside Bar CRT

Presented by Timon
5 Variant 5 : 3rd candle Reversal
1) This model forms in the same way as Classic CRT but the
difference is after 2nd candle formation the 3rd candle
Manipulates 2 nd candle High/Low and Distributes to
opposition liquidity.
2) Its a Rare case scenario can often seen in Lower Time
Frame CRT where its a 3 drive pattern.
3)This model occurs during a High Impact News Events to trap
early participants , on ERL (External) - IRL (Internal) or on Low
Probability Condition.
Presented by Timon
5.2 Graphical Depiction :
Bullish 3rd Candle Reversal

Presented by Timon
5.3 Graphical Depiction :
Bearish 3rd Candle Reversal

Presented by Timon
 Conclusion

I hope all the variants provide a valuable framework for

understanding Candle Range Theory (CRT) and the
different price movements associated with various
models.

You don’t need to master everything. Just choose one

model, backtest it, forward test it, and focus on
mastering it.

Presented by Timon
 ICT University

THANK YOU
Presented by TǏMӨӤ

@timon_ict