ICT and Smart Money

Turtle Soup (ICT concepts)

5m–15m

The rules, in plain English. Ask Wicky “Is my setup here?” and it checks each one on your chart, says what’s still missing, and draws your levels.

The rules

Level: an obvious old high or low: the previous day high or low, or a swing that has held for 20+ candles.
First: price trades a little beyond the level, taking the stops there.
Trigger: a candle closes back inside, below the old high for shorts or above the old low for longs.
Entry: the close of that trigger candle.
Stop: beyond the extreme of the false break.
Target: the other side of the range or the next swing. At least 2R.
Skip it if price breaks out with a strong body and keeps going: that's a breakout, not a trap.
On the chart: the old high or low, and the candles that broke it.

Try this setup on your chart ›Wicky for Mac

How Wicky checks it

Hold ⌃⌥ over your chart and ask. Wicky reads the chart on your screen, on any platform, and checks every rule above, starting with “Level: an obvious old high or low: the previous day high or low, or a swing that has held for 20+ candles”. Then it answers out loud: not yet, and what you’re still waiting for, or your entry, stop and target with the risk-to-reward, drawn on your chart and locked to it as you scroll.

Trade it a little differently? Change any rule, or write your own in plain English. Wicky checks your version, not a textbook’s.

Wicky checks your own rules. It doesn’t tell you to buy or sell, doesn’t predict price and never places trades. Trading involves substantial risk of loss. ICT and Smart Money Concepts are named to describe setups; Wicky isn’t affiliated with their authors.