 Hey there what's happening traders welcome back to yet another version of my weekly segment called trader talk now guys first of all I like to say I missed you guys actually last week I didn't put out a video because I was actually in the middle of a trade and frankly I just got a little bit lazy because sometimes I like to actually withdraw money from the market and actually go live my life okay last week I actually spent most of last week shopping and relaxing and chilling because the thing about forex is a lot of people fail to realize that you actually need to take money out of the market hit that withdrawal button no matter how little it is you make and this is part of the things that I always preach on the forex mastery course redrawing your money from the forex market is such a vital part of your trader psychology journey yes because what's the point I because I you know what's the point of making all this money and then you're just seeing it on the screen and then what happens is one bad trade comes along and wipes you out like what is the point it just feels like you're working in vain so what I actually did was actually reduce some money from my trading account and spend most of last week just chilling shopping and obviously guys would you believe I've been living in my apartment in Dubai for about eight months now I literally didn't have curtains in my living room just because I was so busy with life and trading and e-com and all that kind of stuff so last week took money out of my trading account and actually went to go and enjoy myself and he felt really good because I could actually feel the fruits of my labor and the same thing for you forex mastery students I want you guys to you know ensure that you withdraw some money no matter how little it is because at the end of the day you're putting in a lot of effort you're putting a lot of energy into this game you should be able to withdraw some money out and go and spend some time with your family so guys once again welcome to another episode today I'm going to be jumping into the charts a couple of I think last week we've had one of the best trading weeks or months in like two months to three months why because AUD USD has been giving us back to back winning trades guys the market is respecting our market philosophy of top-down analysis forex mastery students you already know how to do this whereby we go on higher time frames and we analyze all the way down and AUD USD we have been absolutely milking it so AUD USD has actually given us north of 300 pips in profit and gold actually tanked almost about I think 600 pips so in total of last week alone we've been able to net about 900 pips which I'm obviously going to show you guys on my screen shortly so I wanted to say a quick shout out to all the forex mastery students I will always give you guys a shout out to keep encouraging you guys you know to tell you guys that listen all the things you learn on the forex mastery course I'm happy that you guys are actually starting to see play out in real life okay you're not just learning for learning sake a lot of people learn learn learn but they never they're never able to practicalize it okay the last two weeks you know the last two weeks have actually shown us that what it is that we hold on to in terms of price action and the philosophy of the top-down analysis actually does work as far as I'm concerned that is the most realistic way to trade the foreign exchange market so for those of you who haven't grabbed the forex mastery course you're sleeping on the bicycle okay the link is going to be down below and short to grab it but enough about that once again shout out to all the forex mastery students because I love you guys so dearly guys literally one guy sent me a screenshot he was like he sent me a screenshot of how much he had made from the gold short trace that we have been analyzing you know um on mastery course and obviously on my youtube channel he sent me a screenshot and he was like sir take a look at your student that made me so proud the guy had made a lot of money of gold and that actually makes me really happy so without any further ado I'm gonna jump into my charts let's go over what worked okay how we're able to make money off of it what we decided not to trade why we decided not to trade them and let's also see if there are any trading opportunities for us to jump into so guys without any further ado let's absolutely go if you haven't gotten the course already I suggest you do so the link is going to be down below but for now let's talk some chart let go hey hey what's happening people welcome inside of my screen just making sure everything's recording fine mic check webcam check all right fantastic it's good to have you guys obviously once again for some strange reason between the introduction of this video and this aspect of the video my energy level has actually dropped so pardon me if I feel a bit seem a bit off but notwithstanding I'm definitely going to give you guys an amazing trade at all anyway scratcher yeah so let's jump into the chart so what I actually have in front of us right about now today we're going to kick off with AUDUSD now why are we kicking off with AUDUSD we're kicking off with this because AUDUSD has you know gone on to make us a significant amount of money I remember calling the short trade somewhere about here I said a pullback of here touch of here four hour candle break my entries are actually on four hour candle break of somewhere about here okay and we've pretty much been able to ride this wave all the way to what the downside now my overall targets for AUDUSD are this blue bar about here why is this my overall target if you do your top down analysis properly for xmas tree students you already know how to plot your key levels all my levels here are simply plotted based on key levels they're so simple and straightforward to plot but most of the time a lot of traders get them wrong my key levels are here to pretty much guide me and help me know exactly where the market is most likely going to go into and where the market is most likely going to turn around so what actually gave birth to this reversal because AUDUSD was actually in an uptrend for a very long time as you can see from March of 2020 all the way up until March of 2021 which is an entire one whole year of an uptrend so what gave birth to this reversal now we started to see I mean if you check on the weekly timeframe this is a left shoulder head right shoulder so forex mastery students you know once we see a chat pattern form on a weekly timeframe it simply means one thing trend reversal so that's strike one strike two we also saw a clear break which was this of this neckline don't forget the way we traded forex mastery course is our trading is broken down into two okay the trading is broken down into two because one aspect is for market analysis and the other aspect is for trade execution so first things first we need to understand where exactly is this market going a lot of people confuse get confused when I say stuff like go and hire timeframes to to to obviously get a trading done actually I don't actually mean that you should trade on higher timeframes a lot of people feel that oh because they have small account sizes they can go to higher timeframes that is very very false that's not what I mean what I simply mean is on higher timeframes once we're able to analyze on higher timeframes we can get the full picture so the higher timeframe was able to tell us that AUD USD was due for a massive reversal okay and a massive reversal that will most likely come into this blue zone about here so once we're able to see that on higher timeframes then we were able to scale to timeframes like the four hour timeframe and start looking for what only selling opportunities which were somewhere around here now I held on to my selling opportunity for a very long match is still holding on to my sales I have a second sell position on the break of this counter trend line about here forex mastery students you should be very familiar with these strategies it was very simple and straightforward equation a clear break guys I take this again so there was a clear break of the neckline sorry I'm moving a bit fast you can see clear break we don't trade here we don't trade at the trade at the break of structure on the higher time frame we this is a confirmation for us we use the higher timeframes to kind of like not just in the right direction so AUD USD higher time frame was able to give us that kick give us the kick in that direction I'm like okay cool it's time for us to start going so once we're able to anticipate the move on a higher time frame we then had to scale to lower timeframes to refine our entry so what we've been able to do in essence is I've been able to anticipate that once we break out of this this this neckline about here our next level target is going to be here and here so if you calculate from 0.758 0.7600 which is about here all the way to 0.700 so the difference is about 600 pips so all we did on the higher time frame was to anticipate the entire move on a higher time frame and once we were able to get the entire move on a higher time frame only then were we able to scale to lower timeframes to trade in that direction I hope this actually starts to make sense to a lot of people because a lot of people were like but I have a little account size how can I profit off of this is the same thing you're most likely going to trade on a lower time frame all I require from you to do is do the market analysis on higher timeframes okay before you come to lower timeframes so that you have a more confident direction okay so that you know that if you're clicking that sell button that sell trade is most likely going to work out or if you're clicking that buy button it's most likely going to work out why because the higher time frame says so why because you have done your due diligence on a higher time frame so I'm still very much I still have both my positions open if you combine both positions at the moment I'm currently floating about 310 pips at about 12 lots each so it's a significant amount of money I was actually able to close out actually have 14.3 lots open I closed out two made some redraws last week obviously when shopping actually still have some of the stuff that I bought like obviously can't start showing you the stuff but it's actually right next to me some really cool stuff some new clothes you know because like I was saying to you guys I never really have the time to enjoy myself I moved to a new city which is Dubai and I haven't really gone out I've been on my screens either I'm working on e-commerce or trading or doing analysis I'm freaking shooting videos for you guys so it felt really rewarding for me to actually redraw some of my profits and actually go out and chill so there you go guys I think I should have a couple of my positions open okay I'm gonna take a screenshot and put it somewhere on here so that you guys can actually see that this ain't no joke a real live account so that you guys can see so that you guys can also see all the trades real time so I hope you guys have been able to somewhat be able to verify my transparency because all the trees that I all the trees that I take I come on here and I call them live if you're doubting me watch the previous video we called all this shit live okay even when the market came down here I said it was time to start selling broke the counter trend line and bam all the way down here so my I'm actually going to be taking on at least 80 percent of my positions about here because I'm not really sure if this market can maintain this momentum all the way here I feel we're mostly going to get another retracement before we come here so I don't really want to be caught up in this market coming here and then pushing all the way back to the upside although my stop losses are somewhere about here obviously I keep locking up I have what I call a trailing stop so yeah I'm completely risk-free and some good peeps in the bank now AUD USD is just one of the trades we took the juiciest one I feel like the juiciest one was gold okay so I anticipated gold give me a sec here guys my gold trades were actually so there was a simple counter trend line break and the break of structure yes right about here so if you come on for I'll just quickly explain to you guys why exactly we went short so my short trades were actually somewhere inside of here and my stop losses came above here and my overall targets were actually this green bar about here first level targets here second level targets here I call this live on the trailer talk you can check the previous videos I'm just here to update you guys to tell you guys what I'm actually looking at at the moment and lo and behold our first to go first level target was smashed before I even knew what was happening we were this close to my second level target and guys the most annoying thing happened guys we came shy of my second level my overall target few peeps you can see I'm so pissed off okay we jumped all the way back here so I ended up closing my second trade somewhere about here actually it was actually somewhere around here once I started to see this consolidation it didn't really look like this market was gonna continue heading lower I just close it out just imagine if obviously this first level target gave me some money but oh guys look at how close I was look at how close I was yes this even happens to the best traders as well and no it's not my broker's fault usually what happens is that the market will need to kind of like cross this line significantly before I get taken out for a take profit it's just the way brokers fulfill orders so my trade would have the market needed to have come somewhere around here for my this take this take profit to have been activated that didn't happen I'm not gonna cry but nevertheless on gold I was still able to make a significant amount of profit if I do the calculation on 8 10 all the way down to 1 to 1 7 2 so you're looking about 700 peeps in profit on this massive drop alone you guys know I have not really been trading gold I've just been waiting for it to get ripe and ripe and so far so good gold was able to give us this massive drop moving forward gold has dropped however gold has jumped back into this range okay so from what I can see on a higher time frame gold has I really wish gold had actually come down here and stayed here and actually continue going lower then we could have actually said that yes indeed this is a full-scale trend reversal but god hasn't done that instead what god has done is god has in his usual fashion in his usual way of trickery my Nigerian brothers will call it why you in his usual way of trickery god has rallied all the way back above its trend line so this was pretty much a false break okay good thing we made some money off it but god has I feel like god just simply wanted to come and fulfill this key level okay I know why that reversal happened like that you see when you start to see things you understand what this is the weekly level it actually did this is why it's always good to draw your key levels on what the candle close on weekly or daily I usually like to use the daily but in this case we came to the weekly and that's exactly where it closed but all the same is pretty much the same thing it's okay it's one of those things guys nobody's perfect the market can act a bit irrational sometimes and it's nothing to to beat yourself over so guys I've been able to close out my gold in some handsome hefty profits as I speak to you and this is August 18th I'm currently up about 64% return on investment yes I started off the chairman with you guys in January at 0% return it was literally break even we've had a lot of winning trades we've had a lot of break even trades and I think we've only been able to account for about one or two losses since January if you ask me that's a very good track record I'm very transparent I come on here and I speak to you guys if you you're doubting this go and start from trader talk volume one watch from January you can take down the notes yourself I've been transparent trades that worked out we celebrated trades that didn't work out we cried together and trades that hit our break even and were able to get some profit out of it don't forget my break even trades doesn't mean I didn't make money my break even trade simply means that I was only able to take maybe a sick a certain portion you guys know at 100% retracement is where I always close a portion of my trade so break even trades for me don't mean I don't I didn't make money break even trades for me means that after I closed my trade at the first level target the remaining trade just went back and hit my stop loss for a break even okay even on break even trades we were making money although on break even trades we were not the profits were not huge like this one and AUD USD so if we combine everything together I was actually just looking at my equity curve it's actually somewhere on my screen about here I'll probably share my screen my equity curve with you guys at the end of the trading year so that you guys can actually see our performance but so far so good we're currently at 63.7% which isn't bad don't forget I'm trading for a lot of very wealthy investors and this is already August I can't really say what's going to happen for the rest of the year but I am hopeful that we can hopefully double this account I'm actually trading is significant like the account size is actually quite significant if you ask me definitely it's a lot of money runs into the millions of US dollars so 60 63% it's not bad at the moment I'm actually quite happy so actually let me just check so this so my AUD USD I need this trade to close in profit so that we can actually guarantee that we're actually at 64% on the dot because it's floating at the moment so yeah so hopefully AUD USD just behaves itself once I close it out I can actually smile at this point I don't really need to even trade again for the rest of the year because forex mastery students for those of you who's taking the forex mastery and the forex in millionaires course which teaches you how to get investors sorry birds are flying you hear me speak about you don't need to return crazy amounts of money every year for you to become you know for people to give you money to trade for them I'm only up 60 63.5 fraction slash 64 percent and my investors are very happy they calling me every day they're happy not every day but I mean they send me messages we see our account growing obviously we send them monthly reports they're happy about that you know and you see I don't really stress myself sometimes I'm and I don't trade for like two weeks I only trade when the market is ready and this is exactly what I teach you guys on the forex mastery course okay there's no need to stress yourself trading should be fun it should be free it should be easy should be you know just do your thing okay don't get emotionally attached invested in the market this is exactly a thousand consent that's my biggest secret I don't stress about the markets okay when the market is ready it just lets me know okay and what else do I have to say I mean let me know act like let me know act like obviously people aren't struggling with the market people are definitely struggling with the market but my point here is the more you actually trade the market and the more you actually start to detach yourself the more you actually I think it's more about being confident in your knowledge that's what trading actually comes down to for me I'm very confident in what I know this is why I can tell you guys that yo listen guys I'm not touching this I'm not touching this today I'm not touching this I'll be like guys I can bet you I can guarantee you because I have confidence in my knowledge and I kind of like know almost for certain what the market is most likely gonna do next because I know quite a lot about the market okay so a lot of this comes from experience most of the experience most of the experience I combined it into the course I put it obviously combined it together in a video series and put it on the course I try to put as much as knowledge as I could and experience into the course but for me it just ultimately boils down to I just I've seen this shit before okay most of the patterns that form in the market I've most likely seen them before so I can tell you hey I know this guy he's a bad guy you know anyway so enough of that let me know with most of your time today okay so hey guys one more thing if you're watching this video one more thing if one more thing while you're watching this video guys don't forget to go follow me on Instagram Instagram is I've actually started using I've actually started using my Instagram a lot lately I've actually started using my Instagram a lot lately if you want to see me spend a lot of the trading money if you want to see me where I live in Dubai because at the end of the day I realized that I only just come on here and actually just talk to you guys a lot about charts you guys actually want to see how I'm living I'm spending this trading money okay you actually want to see me actually spend this money my Instagram is the best place to catch me my name on Instagram is dapper.willis dapper.willis so DAPO it's like my youtube my youtube name which is dapper willis but there's just a dot in between so go follow me on on youtube go follow me on instagram and let's catch up you can send me a dm please don't send me to any dm but I mean you can catch up with me there and yeah let's actually build a community and stuff like that anyway so guys back to the charts okay gold what do I think gold is going to do next now gold will need to do something like actually come and break this level right about here because at this point it's very 55th we can bounce out of here it's actually looking like that might be possible so we're currently at the decision zone at the moment if gold can come in and put another daily candle close back down below back down below this level about here actually I see a Fibonacci playing out from swing high to swing low somewhere about here actually this Fibonacci has been broken nevertheless I'm going to actually look at this on the weekly time frame because sometimes once you look at things on higher time frame you're able to see a lot more clearly on lower time frames you just get a bit blind okay so just quickly draw this stuff as you can see there you go so what has actually happened is very funny so we've broken out of this trend line this descending trend line okay we've tanked back down below it with so there's a lot of indecision going on around here so we can either rally all the way let me zoom this in for you guys we can either rally out of here to like brand new high somewhere around here but if we can sustain below this level I mean I'm not going to touch gold so this is where I go I'm not going to touch gold until we come back down below here once we're able to come back down below here yes I can start looking for selling opportunities all the way down to this bad boy somewhere around about here so we have a lot of space okay so the determinant factor or just simplify this for you guys is these two guys about here if sorry guys let me see I could hear some noise so if we can break down below here fantastic sales start going again you know so it's between here and here so I'm just going to be watching gold gold has made me a significant amount of money I'm not really in a hurry but I'm going to at this point I'm going to need to watch gold to see what exactly is happening now it's broken out down AUD USD let's see what's happening on GBP USD actually so GBP USD is another clear case I think we're actually forming this left shoulder right shoulder we're currently at the neckline and this is a weekly timeframe so I'm expecting guys you're hearing it here live first here on Dapsys radio 106.5 ha ha mic check two one two if we break if we break this green bar at 1.361.367.38 which is about here best believe we have a lot of room to bleed to the downside at least all the way down somewhere about here give me a sec okay so at this point GBP USD is kind of like acting so what you want to do is go and watch my previous two videos my previous video where I broke down AUD USD's head and shoulder it will give you an it will give you some forex mastery students go and watch that video also watch the module on trend reversals as well it will give you some more insight as to how to trade this setup right so if you check guys I'm gonna need to see a clear break of this neckline once we get a clear break of this neckline most likely we're gonna come down here but GBP USD hasn't done that here so as long as we're inside of here there's a lot of indecision going on and this is why for most people who are trying to trade the pound they are most likely getting into they buy once they buy the market gives them some pips and then it reverses by the end of the day or the next day so a lot of people are getting stressed out the trades are not working out why are your trades not working out because if you scale to a higher time frame you find out that the market is actually stuck in the range GBP USD is pretty much in the range AUD USD was in the range hence why we couldn't make a lot of money but look at what happened to AUD USD when eventually broke out we made a lot of money same thing with gold as well so for GBP USD were currently stuck in the range the euro on the other hand has been very magnanimous okay we made a significant amount of pips on the euro however I closed out my euro trade very prematurely because I got scared but that's fine it happens to everybody and I'll explain to you why I got scared of the euro now my overall target for the euro okay when I started selling inside of here okay check my previous videos you see the setup as well so my sell trades were somewhere around here okay so there's a clear break retest counter trend line entry strategy mastery students you already know how to do that sell trades were here my overall target was this green let me just delete this my overall target was this green bar about here so I was expecting to make all of these juicy pips to the downside but something happened along the way now one thing about trading is we can forecast we can plan yes 1000 pips interview to however there's times whereby things just happen along the way so what actually makes a good trader is how you react when things throw you off balance so what actually happened in this case was as the market was coming all the way down I noticed that we started having issues around this region we kept on rejecting so we rejected it here and then we came back and I noticed it was actually rejecting it here and we came back and rejected it for the third time and that's exactly why I decided to zoom out so if for any reason you're in a trade and the market keeps rejecting a particular level simply scale out to a higher time frame and check and make sure your levels are drawn properly when I eventually came to draw my levels I found out that there was actually a massive wedge forming and the euro was at the bottom of the wedge what did I do I got the hell out of the trade although the market eventually came to came to hit my overall target but I didn't want to know because seven out of ten times the market will reverse against me now I have rules in place okay to safeguard my account to safeguard my trading sometimes okay those rules prevent me and I have to be honest with you guys sometimes those rules prevent me from making a lot more money than I should yes that's true however most times those rules protect my capital which is the most important thing for me it saves me a lot of money it does so the rules I put in place sometimes the market might go and make me make go on to move in the direction that I wanted it to go to and obviously I could have made a lot more money but that only happens maybe one or two out of ten times like in this case yes I could have made more money I got out of the trade early however nine out of ten times this guy would have reversed back to the other and I've been crying so it's all the tears and all the losses over the years that have actually made me draft out very strict rules when it comes to my trading if I see something I don't like it and it's not looking good and then touching it touching it or if I'm in trade and I'm starting to notice some bullish engulfing candles flicking off the level keeps on rejecting and I look at it give it some time if I'm not comfortable I'm out okay so guys I'm gonna leave you with that at this for this week we don't really have any trades that I would like for us to place I'm gonna be monitoring jimmy PUSD for a break of that level AUD I'm actually my AUD USD trade is looking very juicy and nice another thing is I don't think AUD USD is gonna drop all the way down here in one stretch watch out for this level watch out for another consolidation obviously I'm going to be here back here next week to update you guys watch out for another consolidation and then so that you guys can potentially because I feel like this market is too linear okay you guys already know what I mean so for xmas street students you know once the market is too linear like this is too it's too straight usually what tends to happen is that the market wants to it will eventually get to a point and start retracing for a bigger retracement and then before he heads lower so this is exactly how the market works so guys once again is your genius dap see thank you for staying to the very end of trader talk I have a little message for you guys on my other screen as always don't forget to follow me on don't forget to follow me on instagram and don't forget to do yourself a favor and grab the forks mastery course once again thank you so much this video is very long and I'll catch you guys in my other screen take it easy and peace out so there you go thank you for staying to the very end of this trader talk video um today I think I was pretty much just bragging about how we made a lot of money in the market because sometimes we actually have to work pat ourselves on the back and tell ourselves well done that was a fantastic trade because guys the market can be quite challenging okay and anytime we come out on top we should actually celebrate not too much but we should actually be like yes we did a fantastic job we stopped to our rules especially the rules that I teach on the forex mastery program the trades it with selling not to take the ones we decided to take have actually yielded us a lot a lot a lot of profit so guys once again thank you for staying to the very end um once again the link to the forex mastery course is going to be down below in the description don't kid yourself you need proper education all right guys so I'm going to leave you guys on this note and yeah I'll catch you guys later take it easy and peace out