Where does the “turtle soup” pattern stem from?
To clarify… how did it get that name?
Its one of the strategies from Street Smarts, by Connors and Raschke (I think it was Connors who developed this one). It uses some similar principles to the Turtle Traders’ methodology and some friends gave it this nickname.
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So really the question now becomes why were they called the turtle traders - I know the answer but don’t want to spoil it for others - time to read Market Wizards folks!
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Ok, thank you!
Shows my level of knowledge lol I’ll be sure to read that one!
It was created by Linda Bradford Raschke. Don’t know the reason behind the name, but it works on false break out trends.
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