What is Turtle Soup?
A liquidity-sweep reversal setup: wait for price to sweep a time-based liquidity level (TBL, NWOG), then enter on the CISD or FVG retest for a 1.5-2R move against the false break.
Turtle Soup fades false breakouts. The name comes from inverting the 1980s "Turtle Traders" breakout system — instead of buying the break, you trade against it once it fails.
The ICT execution: (1) wait for a time-based liquidity sweep — price runs through a level like a previous session high/low, New Week Opening Gap (NWOG), or time-based liquidity (TBL), with a wick through and a close back inside. (2) Enter on one of two patterns: a CISD retest (price rebalances and retests the prior liquidity level) or an FVG retest (price reacts from the fair value gap created by the reversal). Stop beyond the sweep wick; targets 1.5-2R.
It is most reliable on ES/NQ futures during the New York AM session (after 9:30 ET) on the 5-minute chart, where session liquidity is deepest and time-based levels are cleanest.