 Hey, hey, hey what's happening amazing forex traders welcome back to another version another volume of trader talk guys Once again is yours truly that bullets and I like to obviously apologize for not having a video out last week The reason why there wasn't a video out last it was because the market hasn't really been doing much You have to understand that I'm the trader who likes to clear direction. I need the market to obviously Tell me hey dabs. I'm ready to go in this direction If for the past two weeks the market hasn't really done much we've been capped the dollar index has been capped in the range Dollar index spanning across ad usd euro usd gbp usd All the dollar base pairs have been pretty much capped in the range It might look like the market is moving on a one hour time frame 30 minute time frame But if you scale to higher time frames, you realize that the market is actually capped in the range and this is exactly why When you get into a trade you find out that the trade doesn't really go that far before the market starts snapping back to your entry And eventually stopping up and personally, I'm not really a fan of trading like that I like to trade place my trades and hold so this is exactly why you know, the market just has him You know in football, they call you the true pass You know that true pass when when we split the defense just give me And it both gets to the strike and is a goal. I don't like you know pass pass pass come here Didn't I I like the true past to be clear and leave the guys Before X defense has been quite tight So I'm gonna take you guys to my screen shortly to obviously just show you guys what's been happening on the charts and Potentially show you guys some training opportunities as well. But before I go into that That's always every week. I get messages, you know From you guys thinking me about the Forex mastery program and how is that actually change your lives? Mr. What's his name? Mr. Michael a guy called Michael, you know, he shared a fantastic story with me He said how he was in debt over the years from Forex trading and you know, Forex can be very very daunting Forex can actually drive you crazy and ever since he bought the course for just he said this $99 he spent on the Forex mastery program is one of them the best investments He has ever made the guy has lost over $70,000 in his life from trading and since he took the program He's been able to recalibrate his trading. He's been able to grow his account by 60% and he's currently talking to investors Because he took the Forex mastery program and the investor program as well He's currently talking to investors while going to obviously invest in this trading as well to the to the sum of I think He said half a million dollars He's looking to take on because you know after taking the program He now has a more consistent approach guys these stories. I have to share them because they made me happy This is why I do what I do to change lives You know to tell you guys that I markets like IML Ponzi schemes sign up people to sign up people It's not the way to trade Forex day trading is not the way to go indicators It's not not the way to go signals is not the way to go to so to actually see the Forex mastery program change lives and see people actually You know take up trading and see trading actually put foot on their table makes me so Happy so guys. Yes shout out to you Michael. I love you very much Thank you for listening to everything that I shared on the program and thank you for implementing them positively And yeah, thank you for being you thank you for being an amazing trader So guys without any further ado, I'm gonna take you guys over to my screen. Let's go Hey there. What's happening people? Oops. I hit my mic by mistake. Hey there. What's happening people? Welcome inside of my screen Once again, like I said is good to have you guys To be able to speak to you guys and communicate with you guys has actually been a while Unfortunately, I couldn't put out a Twitter talk video last week because the market wasn't actually doing that much And when the market isn't exactly doing that much. There isn't really that much to talk about So this is why if you see me away from the charts for a bit, just understand that I'm I'm trying to give the market room to breathe and for the market to present to me Opportunities that I can eventually come and share with you guys But today I want to update you guys on what has been happening so far and hopefully we can potentially find some trading opportunities That we can take advantage of this week. Today is Tuesday the 4th of May 2021 and yeah, I'm glad to be back on the charts on the screens And let's dive right in. So guys the first The first pair that I want to speak about today is the euro now the euro has been A bit stubborn over the last, I don't know month two months now We made some money early on in the year January February from the euro However, ever since then the euro has been neither here nor there so We were expecting the euro to pretty much fly out from here all the way here We pulled back all the way down here to come and test this black line the forex mastery students, you know Why we use black lines how we use black lines the market came to test this black line Just shy of this major level and if you actually come and draw your trend line Like so you'd realize sorry guys I have Message coming you would realize that Um, this market actually did come to test this you know this level on the trend line So and this is looking like one two This is looking like the third touch of the trend line for euro USD So what the third touch of the trend line actually Signifies to me is that the market might be ready to bounce out now the third touch of the trend line always does the trick And so far so good the euro looks like because while we were trading here I kept on I just wasn't comfortable with buying the euro because I felt like the euro was Looking a little bit too linear linear means that the market was looking a little bit too straight I had a feeling that the market wanted to come and like You know consolidate and retrace a bit more Okay, you know expand a bit more before eventually heads to the upside And that's exactly what has you know played out and has happened thus far So we've actually swung to the right as you can see and we have bounced out of here If I check the weekly timeframe, this should be a very bullish candle. Yes, so on the weekly timeframe, I can see that You know this was a bullish engulfing candle off of this You know trend line support off of this black line And not only have we you know had one engulfing candle We've had two and we've had three and all three of them have gone ahead to break this Minor resistance level somewhere about here Okay so That being said I'm going to need to pause this because my laptop is acting up a little bit Yeah guys, sorry about that. I had a little breaking transmission. So, you know, I can see one two three and we've broken above this Support that was holding this that eventually turned resistance We're back above And from what I can see from a weekly timeframe perspective the euro might just be heading to the upside now Something is holding the euro from actually, you know jumping all the way to the upside what is Actually holding the euro from jumping to the upside is actually this trend line like so So if I just delete this So two things can happen to the euro as we speak What I feel is most likely going to happen is We're most likely going to pull back into this yellow bar And then eventually break to the upside. Okay So in the case of the euro, I'm actually favoring the upside to the tune of 70 percent or We can just collapse all the way to the downside now How do you go about trading this is simple and very straightforward allow the market come into this level let it form a base On a daily timeframe a bullish engulfing candle off of this level will be sweet You can probably buy off of that level or you can wait for a break out of here Now my targets are going to be all the way at this blue bar somewhere around here because I'm very confident Actually first level targets always at the 100 percent retracement You want to take out a percentage of your profit somewhere around here But I'm very confident that if this bullish momentum sustains The euro is actually going to blow up quite significantly or on the flip side We can roll over to the downside. So, you know, that's the thing with forex Like, you know, you can't be 100 percent certain except the market actually confirms to me So for a bullish bias, I would wait for a base to form here A daily bullish engulfing candle to break all the way to the upside Or the flip side for a bearish scenario a daily candle close here Then what we might be seeing some further bleeding all the way down to this blue bar around here This is the euro usd in a nutshell So I'm going to go ahead and delete this and I'm going to be watching this pair very carefully once again A base around here a daily base around here, you know, pull in nicely For a push out to the upside or if I just see a total collapse to the downside That will obviously present some certain opportunities for us But at the moment the euro is pretty much trying to decide what exactly wants to do as it has been doing for Oh my god, almost a month now. It's been absolutely ridiculous, right? The next pair I want to speak about which has actually been on a lot of people's mind is gold Now what exactly is happening with gold today? I want to just shed some light on because a lot of you guys seem confused, you know You're just clicking buy sell buy sell left You know, the market is just tossing you guys left right and so now So what exactly is happening with gold is this? On the monthly time frame, we have a double top that has formed on gold as you can see massive double top We're expecting this market to bleed all the way to the downside. However On time frames lower than the monthly time frame from what I can see the market is This trend line is holding gold from collapsing this trend line And it's one so this is looking like the third touch of the trend line for gold So there's conflict of interest when it comes to gold There's a lot of conflict the monthly time frame is saying Yes dabs bearish reversal all that but the weekly time frame is telling me your this trend line is here Now whenever this happens, I usually do nothing I like to stay away until the market finally decides what it wants to do But one thing I know for sure is gold is eventually going to rally up a bit more To 1.825 Test here once we get here We can then decide what it wants to do and on very certain days It bearish trend line and descending trend line that is coming all the way from the upside So you want to watch out for this level is a key level right about here Okay This area right about here is actually a very important level So, you know This will actually be the third touch of the trend line If we hold here and I see a bearish engulfing candle down I will be looking for sell opportunities. However, if gold goes ahead to break here Whoosh like breaks full erection candle break ladies and gentlemen gold is heading for brand new highs Okay, so at the moment this area is going to be our area of decision I feel that this market is most likely going to pull into here Once we get somewhere around here Whatever the market decides to do from here, it will now dictate what exactly we're going to be doing After you know after now So I'm expecting us to pull into here definitely if we have a bearish engulfing candle down here Allow something like this If I see a bearish engulfing candle allow something like this Sells to the downside if I see a bullish engulfing candle break We're going to be seeing some buying opportunities all the way to the upside either way. We have fantastic trading opportunities Let me just clone this bad boy. We have fantastic trading opportunities at our disposal if we break to the upside I'm going to be looking at buy situations all the way up into $2,000 per ounce if we Hold here first level tanks are going to be here. So we have pips either way So, but we need the market needs to tell us what exactly it wants to do Before I go ahead and come it. So guys, you know, that's the euro and gold in a nutshell GBP USD is still playing around. It's still acting like a sport brat Doesn't want to commit in either direction like I was saying GBP USD is a very straightforward situation If I draw my trend lines like so we have broken. This is a major level We're broken out of this major level. Do you want to head higher or have you broken the trend line? Okay, if you want to head higher, you need to let us know if you want to come lower You know, we need to take out this level but for the thing about the Paris is Guys, January, February the market was just going We're just going to take it off April the market slowed down to consolidate Okay, this consolidation started off in last week in February So mark last week in February March April up until now we've been consolidating Neither here nor there for those of us who made money on the up You know the market going to the upside if you've made money to the upside Try and hold your capital. Okay, because what tends to happen to most traders is they make money In an impulse leg and then because they're so impatient and they just want to keep trading They eventually lose the money back to the market when the market starts ranging Don't forget for every impulse leg for every push to the upside There must be a resultant sideways movement It's just the way the market just the way the market works the market works in waves when you read about Elliott wave This is the waves Okay, so if I know that there's always going to be consolidation after every impulse move What do I do I chill I take advantage of the impulse waves and I chill during the consolidating state because when the market is consolidating we don't know The highs and the lows of the consolidation. We don't know where the market wants to stick between the range We just don't know anything and I don't like trading blindly. This is why so this is why you notice that for the You know last couple of weeks, you know, it's been difficult for us to gauge a proper direction Because if we say it's going to go up next thing we know it's coming back down If you say it's going to go down next thing's going back up Why all these are all characteristics of ranging times and I'm very glad I'm here To go through this ranging period of you guys so that I can teach you guys and show you guys how to comport yourself How to behave yourself? And for those of you who haven't grabbed the forex mastery program I suggest you strongly suggest you do so it will teach you how to sit on your hands during times like this It will teach you how to analyze the market properly and how to sit on your hands during times like this. We only like to trade We only like to trade in the direction of the floor of the river We only like to trade when the market is trending during sideways movements. We're confused We don't know what to do and that's fine. If you don't know what's happening the market doesn't mean you're dumb Doesn't mean you don't know what's happening. It just means that the market is confused How can you tell somebody what to do that is confused? This guy doesn't know what he wants to do until he commits All he needs to do is one weekly bullish engulfing candle break a couple of levels and we're good. We're good Home run it's time for a home run, but for now Don't get sucked into the consolidating stages. This is a major problem for most So we're going over jbp. Let's see what a u d u s is saying a u d u s is pretty much the same thing. Okay Impulse consolidation rally to the upside. We're moving sideways during this time. Do we go up? Do we come down? We don't know for now. So we need to wait. Are we gonna break lower? Are we gonna break higher? This is already looking like Like a head and shoulder. Are we gonna break lower? If you want to break lower We need to take out this neckline for further downside if you want to break higher We need to take out this level and then rally all the way to the upside So guys, this is the analysis pretty much in a nutshell I know you guys don't like being like listening to me when I say be patient But it is what it is you have to just chill and allow the market come to you spend time with your family spend time doing other things Watch a couple of my other videos. I always speak about multiple streams of income How to get multiple streams of income so that you can distract you From times whereby the market is not exactly cooperating And for those of you who haven't grabbed the forex mastery program and sure to do so The link is going to be down there below and I'll catch you guys in my subsequent videos I'm actually in the process of shooting about 30 Guys. Yes, this is content creation month for me in may So I'm matching the process of shooting more videos that ultimately going to help you guys make more money Make more money in the forex market and generally make more money on the internet. So guys Stick around while I take you to my other screen. I don't know if there's any pair. I'm missing now cgbpjpy for a bit Everything is constantly dating after every impulse where we have consolidation. Everything seems to be constantly dating at this point To be honest, everything just seems to be constantly dating So there isn't really much going on except you want to be trapped inside You know, the thing about it is one hour time frame traders. You guys might think you're spotting opportunities But what you're actually spotting is Neither up nor down neither up nor down neither up nor down neither up He wants to come down next and he's going up next thing's coming down next is going up next thing He wants to come down and he's going up. Oh my god That's not the way to trade We need a clear direction to trade and the forex mastery program will teach you guys how to do so guys Stick around. Um, I might have something to tell you before you guys go. So let's go to my other screen All right, guys. So there you have it. Thank you for staying to the very end of That very brief trader talk now guys like I said earlier, there isn't really much going on in the market You just need to chew. I know you've been hearing me say this for three weeks, but it is what it is I'll rather preserve because I made it significantly. I probably made about 30 something percent At the since the beginning of the year up until now. I don't want to give it back to the market So I have to wait about 40 percent of my account of return So I don't want to give it back to the market. So I have to wait. I have to be patient I have to ensure that the market is ready. It's right to give me the opportunities that I need to make this It happened. Okay. I don't want to give the market any of my money. So I'm being extremely careful Um, so yeah guys, so if you haven't already grabbed the forex mastery program, I encourage you to do so It will keep you sane. It will keep you consistent. It will teach you how to analyze the market once Place your trades and go and spend time with your family This is what I stand for and this is what the forex mastery program stands for The link is going to be in the bio down below and don't forget to drop me a comment if you found this video helpful I remember sharing a video at the beginning. I remember sharing a testimony at the beginning of this video about a guy called Michael and I'm still He's made me happy He's made me truly proud because I remember him. I remember the day he signed off for the program I remember him sending me a message on telegram, you know complaining about his issues and all that And I said the graphic program if you can implement the things on the program You're very you're you're you're gonna be on the right track and the guy comes back to me Um, just on friday and he's telling me all this amazing story of how he's made 60 back on his account And how he's about to secure some half a million dollars in investment after taking The forex mastery course so shout out to every single one of you Obviously, there's amazing traders on the telegram group that make the telecommunity fantastic Forex mastery students on the telegram group. I love you guys very much I see every single one of you keep striving keep pushing and yes at the end of the day You will come up tutorial. So take it easy Um, that's it for me that will is I'll catch you guys on the subscribing videos Like I said, I'm currently in the process of shooting more fire Fire content. So guys watch out for some more. Take it easy and I'll catch you guys next week Adios and peace out