All language subtitles for mlpoiu

What's up everyone? Welcome to
another episode of Smart Raja

Concepts. Now, today we're
going to talk about impulse

entries. Now, before we get
into the impulse entries and

like you know, the candle
confirmation and all that

stuff. Let me talk to you about
how basically this whole idea

of impulse entries came in,
right? So, now, in the

beginning, you know, we're
basically told that you have to

wait for candles to close, you
have to wait for candle

confirmations whether it's
outside of a zone or when it's

creating a support, you have to
wait for a candle to close.

Once the candle close is that's
your confirmation then take a

buy or take a sell and prices
most likely to go up or most

likely go down. We all know
there are proabilities, right?

There's a probability, price is
going to move up, there's a

probability, price is going to
move down. Now, when we're

looking at these things, right?
When we're waiting for candles

to close whether bullish or
bearish. Sometimes, price

doesn't really give us that
confirmation. Sometimes, you

know, prices continues rallying
up or it continues dropping

down. That that happens a lot
of times like you know and as a

new trade when we look at that
we think oh okay maybe I'm

missing the move right here
maybe like you know maybe my

strategy is wrong or maybe I
haven't aligned myself properly

with the market because I was
told to wait for the candle to

close and as I'm waiting for
the candle to close price is

just moving where I wanted it
to go man I've missed the trade

now that used to happen to me a
lot you know and what I decided

to do at that point was I was
like okay that's interesting

because I'm really at executing
when candles are closing I'm

really good at executing
especially with confidence as

candle is closing but what am I
going to do when candle just

continues moving my way because
someone's taking that trade

someone is in that trade
profiting as price is moving

right whether that maybe a
entry before price moved or

maybe that was an entry that
someone was you know like okay

you know what I think price is
going to go up and I'm just

going to take a buy price goes
up and price goes in their

favor and they're like, okay,
you know what? Yeah, I knew

price was going to go up but as
traders, we need to execute

with confirmations, right? So,
then I start to do was I was

like, okay, you know what? If
price goes in my favor without

kind of closing, how could I
have executed on this trade?

Now, sometimes, you know, we
can use a buy stop or a sell

stop. Well, buy stop and sell
stops basically mean is that

once your buy stop is executed,
you're anticipating price to

continue moving bullish. Your
sales job is executed you're

anticipating price to continue
moving bearish now when impulse

increase came in so you have to
look at where price is breaking

the highs or the lows you know
because I decided that okay you

know what if I'm missing out a
trade and price continues

moving where could I have an
entry and I spent almost five

to six months just watching not
trading just watching I spent

five to six months just
watching to see how could I

have executed on that trade and
then they were like almost

certain you know very few
scenarios that made sense that

okay maybe this is what we can
do you know so we're going to

talk about first we're going to
talk about candles we're

going to talk about candles the
way the candles are closing and

forming types of candles and
then we're going to move into

the certain scenarios that have
personally worked best for me

you know and a lot of you guys
you've been through the market

fluidity we have three webinars
on imposentry in market

fluidity imposentry, 1. 02. 0
and 3. 0 you guys know that

right but today we're going to
talk about specific scenarios

that have a higher probability
for price to continue where we

expected to go so we're
going to talk about that now

first we need to talk about
types of candles and how the

candles close some of you may
already know this but we're

going to talk about the candles
once again the whole thing how

candles close candles open,
what the mean with wicks and

without wicks. So let's take a
look at this right here

together. So here we have a
bullish candle with no wick on

the top but it has a wick at
the bottom. Next we have a

bullish candle with no wick at
the bottom but it has a wick on

the top. Now what does this
mean? Usually when you have a

bullish candle with no wick on
the top this means that there

is no range for the next candle
to go up. That's what that

means. But when you have a
candle with no wick at the

bottom this means that the
closed bullish but it had no

volume to go down. It had no
opportunity to even create a

bearish wick. The volume was so
much bullish that it couldn't

even go down. It just moved up
and it created a wick on the

top, right? That's what this
means. This right here, the

candle volume was bullish
obviously. It went up but it

has no wick on the top which
means there's no range for

price to continue moving up.
That's what this now if we look

at this from a bearish
perspective let's say now we

have a bearish candle now the
things have turned right now

when we take a look at the
first bearish candle the first

bearish candle means that there
was no bullish volume there was

zero bullish volume the price
couldn't even make a top wick

and price came down made a
lower wick at this point next

one we have a bearish candle
but no wick at the bottom this

also means that there lot of
volume for price to go down but

it didn't make a range. If it
didn't make a range to the

downside of a bearish candle,
this means there's a fifty

fifty probability that price is
going to continue pushing down,

right? Get it? We talked about
the bearish candles and we

talked about the bullish
candles, candles having no wick

on the top and candle having a
wick on the top and the bottom

at the same time. So, now we're
going to talk about the

scenario that I execute on and
a lot of other successful

traders have executed on to
make profound gains from the

market, right? So now, let's
talk about that. For example,

we have a bullish candle that
goes up. Let's say we have an

uptrend. We have another
bullish candle that goes up. We

have an uptrend and then we
have a bearish candle that

closes like this with the big
wick at the bottom, right? This

normally means that price tried
to go down but it couldn't

maintain its volume down and
closed a small bearish candle.

This is what this means.
Whenever we have a structure

like this, there's a very high
probability provided there's

volume in the market that could
be in your pre London, London

Open, Pre New York, you know,
New York open, London closed,

whenever there's volume in the
market, there's a very high

probability that price will
break the high to continue

pushing up, right? Now, there
are two scenarios in this

situation, right? The first
scenario, we're going to talk

about the first one. The first
scenario is that when the new

candle starts, right? And it
starts to break the high of

this bearish candle. Once it
starts to break the high right

here, there's a very high
probability, it's going to

continue pushing up, right?
Now, in this case, your stop

losses are going to be below
the previous candle wick and

and I'm going to tell you why.
The reason why your stop loss

is going to be below this
previous candle is because this

candle didn't make a lower wick
continue moving up it didn't

make a lower wick to continue
to move up so whenever you're

taking an imposentry with the
candle that hasn't made a lower

wick there is a higher
probability it can continue

pushing back down right it has
a higher probability it can

retrace and come down so this
is risky at this point so when

we talk about okay what's the
probability of this candle

continuing up versus you have a
candle that made a lower wick

first before going up the
candle that made a lower wick

first has a higher probability
it's going to continue moving

to the top side but if you have
a candle that did not make a

lower wick and start to go up
that has a lower probability to

go up it can still go up but
the probability of going up is

a little bit lower so when I
take a look at a pattern like

this or when I take a look at
you know if the candles are

closing in this way when you
have a bearish candle I look at

the wick to the bottom as
having let's say a 90% chance

that price is going to continue
to push up but if I see that a

candle has no wick at the
bottom and it starts to break

this high right here I see that
as maybe like a 70% chance that

price is going to continue to
push up you see what I'm saying

you know so whenever you have a
candle with a lower wick first

as it starts to break the high
I'm using my regular lot size

but if there's no lower wick,
I'm using a smaller risk, a

smaller lot size because of the
probability that is going to go

up, right? So, you're keeping
in mind the probability, you're

keeping in mind the risk that
okay, what's the probability

that's going to go up and if
there's a high probability,

you're using your regular risk.
If there's a lower probability,

you're using a lower risk at
that point. Now, let's talk

about how are you anticipating
the to form. Now, the basics of

trends is that price like you
know let's say you have a

candle you know and trend is
going bullish you have a next

candle trend is going bullish.
So a normal trend is that a

candle is going to respect the
low and it's going to break the

high. So it's going to make a
higher high and it's going to

make a higher low. Right? Very
simple. That's the basics of a

trend. So let's say if we are
expecting price in this example

to continue to push up and
let's say we have the perfect

scenario and trust me man these
perfect scenarios they they

they always happen they do
happen and people execute on

this now the perfect scenario
is whenever you have a candle

forming even though this candle
starts to go up it shouldn't

break the high of the previous
candle if it doesn't break the

high of the previous candle and
it starts to make a lower wick

respecting this low and once it
starts to break the high of

this bearish candle then you
can say okay you know what this

is a very high probability that
price can continue to push up

because one number one trend is
bullish right number two number

two reason is because the
previous candle is an

exhaustion candle an exhaustion
candle is when the wick is

bigger than the body it's an
exhaustion candle and number

three is that when the handle,
new one is breaking the high.

Once it's breaking the high,
you're like, okay, you know

what? This is perfect. All what
I'm going to do is I'm going to

take a cell impulse entry and
my stops are going to be below

this current candle and then
price going to continue pushing

up there's a 90% probability
that this will continue to move

up I've executed on this a lot
of time a lot of times every

time this happens I'm like okay
you know what this is a higher

probability for price to move
and let's execute on this now

second right second is
basically the opposite let's

say you have a bearish candle
coming down. You have another

bearish candle that comes down.
So we're making lower lows and

lower highs and then all of a
sudden you have a candle that

closes bullish like this now
essentially we've created a

support in this scenario where
a candle has closed bullish and

you're like okay you know what
we've created a support and

maybe oh one thing I forgot to
mention these scenarios they

perfectly work on the 30-minute
to 15 minute time frames right

also they work on the one hour
time frame they also work on

the four hour time frame but as
you go higher up in time frame

what you going to realize is
that the stop losses are

going to get bigger but the
moves are also going to be

bigger right it's more
prominent on the 30 -minute

I've executed a lot of times on
the 30-minute very prominent

I've executed on the one hour
time frames as well very very

prominent now let's say you
have an situation like this

right you have a potential
support form and let's say this

is a 30 minute time frame
excuse the writing 30 minute

time frame and you have a
candle closing like this now

normally when I look at this
I'm thinking about that okay

you know what as long as the
new candle respect this high at

this point and once it's breaks
this low

okay now back to business right
so now let's say if the new

candle it respects this high
but once it starts to break

this low this is going to be
the perfect confirmation for

price to continue pushing down
right and this scenario is

going to be the same exact
thing now what you want you

want the new candle to move up
but to respect this high and as

it starts to break the low of
the previous candle which is a

bullish candle this means the
trend is being respected

because we're making a lower
high and we an opportunity for

price to create a lower low,
right? So, when it starts to

break the low, this goes in a
sell mode and then price

continues to push down. This is
the perfect opportunity for an

impulse entry in this scenario
as well. Now, important thing,

when are we expecting this to
happen? Normally, normally,

whenever you have a scenario
like this of an impulse entry,

normally, with a higher
probability, you're looking at

the half of the candle to break
this low second half of the

candle sometimes the first half
of the candle also works so

let's say if you're looking at
if let's say this is a 30

-minute time frame maybe in the
second 15 minute candle starts

to break this low right so now
I want you guys to follow me

here right I want you guys to
really follow me here and

really understand because let's
say the next candle it starts

to make a top wick this means
that maybe the first 15minute

candle of this 30-minute time
frame starts to make the top

wick or maybe it closes bullish
or maybe like you know starts

to go up but as long as this
high respected and the second

15 minute candle