Personally I wouldn’t use divergence like that, I’d only use it like this at the end of a trend, like this.
Dunno, that’s what I think, other views?
Does anybody use turtle soup for entries or only OTE? Are there any rules for entering when using turtle soup? Both times I have tried using it, I have gotten stopped out. Today I tried it on the cable at NY Open when there was massive correlated pair divergence and just used a 30 pip stop. What I didn’t realize is that there was an OTE on the 15 minute chart so I entered way too early.
My entry this morning was a turtle soup style entry @ 1.2890 (we break out of the asian rang low, rather than play a breakout strategy and get short, I go long), but if you draw the fib from Fridays low to todays Asian range high, you get an OTE in the same area, so that level stood out to me. I think IbePippin used the OTE to get in at the same place as me.
I would only use the turtle soup style entry if we are in a consolidation. I think its most reliable then as you’re more likely to get the bounce off the high or low end of the consolidation. But the more tools that line up the better chance you have at bagging a few pips. 
Give us a few more details, chuck up a chart, but I don’t know which pair you traded and when exactly and was it long or short and at which level, you may well have used it correctly bu the trade just went against you.
Hello Traders. It has been a long absence but I am glad to report that by mid March I have hit my one year mark for live Forex Trading. All I can say is it has not been pretty but old habits are slowly dying to a never ceasing commitment to seeing my trading craft improve. Another plus completing my Bachelors in March as well. :35: More time for other things like Forex and actually watch my amassing video collection.
Cheers.
hey everyone, here was a pretty good setup that unfolded this morning. I traded the cable based on it making higher lows that the fiber , while the USDX was hitting off a little resistance level on 4hr/daily timeframe. I can include more pictures of reasons behind the trade if needed
i was in the trade a bit earlier, after the open, on reasoning that - setup was not whiplash/catapult because open was above low of NY Friday. structure break on the upside m15 new york, Asian session which we’ve been taught does not make new highs/lows, usually, gap down already 40 points. Setup appeared like an ‘inside the range’ with a 79 ote on the last NY swing end, so entered at 92 with a tp at upper end of gap which i thought would close before LO, and it didn’t and then LO came. i’m attaching a pic of a partial close. i think they just did this to clean out all stops in the purple area remaining from friday.
Hmmm – As normal - I come here and get confused - - -I was targeting the gray box in this picture to get short - and I am short from there. everyone else seems to have gone long - —?? I dunno ??
I was considering this region too, I had it all marked up on the charts, but I didnt jump in as I’ve bagged my weekly pips on the EUR/USD. Im trying not to overtrade.
Anyway, I think if you were short from around 1.6090/95 (I think there was a lower high formed around there which also corresponded to an OTE for the short on the 5M TF) then it should be good for a few pips. (not at the charts, so I cant remember exactly).
Just remember, its not about being right, its about being profitable 
I also agree that the gray box is a good place to take a short for a few reasons ( OTE zone, Full fig ,etc etc) that’s actually why i was looking to take my final position off in that area today and not hold any longer. I tried exiting on the move to the 1.61 fig but held on a bit to long.:60: And as jonnycab just mentioned, its not about being right (because as of now it looks like we were both right so far , and on completely different directions!) but its about being profitable
Same as Jonnycab, I used the turtle soup as a confirmation along with my OTE level I’d been watching, all in all was a good signal to get long. Counter trade for me though so risk was low with a tight SL.
Trust your own analysis, looks like you were right. I didn’t look at the Cable chart last night, but had I, I would have been looking along the same lines as you…
Nice trade…
I do’nt trade Mondays - hate them - Bob Geldoff got his inspiration for a song from me
Just thought this chart highlighted a couple of things quite well.
Interesting Chart.
Switching to daily - merge Sun with today, nice hammer Fri, if up candle tomorrow then ICT 3 bar swing complete.
But to where? - Fib from top to bottom, 62% is 3027 - draw a horiz there and looks good, would expect some sort of reaction there. Would also fill in those inefficiencies that Chris Lori speaks of.
Incidently, do same thing to the usdx (zoom in) nice correlation - see where the 62% falls - the big fig 80
Forgot to add, cable has already achieved the 3 bar formation - that daily hammer with the wick reaching down to touch a big fig - who says that charts do’nt talk.
If possible , Can someone please answer my question
I am really confused about which one to choose between optimal trade entry (OTE ) and Reflection optimal trade entry , to take a entry at At key Support and resistance levels
I mean how to choose between OTE and reflection optimal trade entry ( if i enter at OTE and takes out my stop , should I again try and enter at reflection OTE ? )
I did go through the videos but could not figure out when to choose OTE or reflection
Havent heard any clear answers. but I guess the more confluences you get… So if you have a clear zone you think the price will reach, and we get a consolidation right above this level(key support level), Im guessing its just a good excuse to get in on the bottom before waiting for a retracement… also look for it together with smt divergence and other tools
Anyone watched post number 2 of this thread lately
Santa is coming.
This is how you might be able to use a reflection pattern to get convergences for an intraday trade
I’m sure there are many more ways to use the tool but hopefully this helps:57:
And here is how someone may use the OTE pattern …
Like i said, there are a few ways to trade each and everyone can use it how they want, but hopefully these can give you a starting point to work with
P.S. - Everything could just be reversed for Buys at Support