 Hey there, what's happening traders? Welcome back to yet another version of Trader Talk. It's yours truly Dapper Willis and today I'm very glad to be back on YouTube. I'm very glad to be back sharing my ideas about the charts. I'm very glad to be back on here. You know, coming to impact you guys as much as possible. For most of you guys who follow me on the week to week basis, you know that I like to, I wanted this to be like a weekly thing. However, there's just some times whereby I have to place my trades and allow them to breathe. So what I like to do now is I like to do them every two Tuesdays, basically every fourth night, right? So every, so if I do a Trader Talk this Tuesday, I'm not going to do it on the next Tuesday and then upper Tuesday, I'm going to do it on the why, because I just need to allow the market time to breathe. And same thing for you guys as well. I know you guys want to trade a lot, but sometimes it's always advisable for you guys to set those trades and give it time for it to breathe. If not, you're going to find yourself constantly getting in and out of trades. Now, obviously this depends on the kind of trader you are. If you are an intro day trader, that's absolutely fine. But I personally, I like to take time off the charts and kind of like do other stuff, run other businesses like my e-commerce business. But that's not what I'm here today. I'm here to talk about some Forex charts. Okay. But before I get into the chart, I wanted to highlight something interesting that happened last week. So we kind of got a message from one of the IML, most of you guys know who IML is, iMarketsLive, the multi level marketing company that claims to be trading Forex. We got a very strong message from one of their chairmen. They call themselves chairman, chairman of what I don't know. But, you know, and then they were kind of pissed off at us because they have been losing a lot of students to the Forex. So they've been losing a lot of members to our Forex mastery course. And I actually did notice that because a lot of people that are joining the Forex mastery program now have actually realized that what IML was doing wasn't the right thing. They were not actually teaching them how to trade. Instead, they were telling them to sign up more people, to sign up more people. And the feedback that I've been getting from people who left IML and have joined Willis University, that is the Forex mastery program. The testimonials I have been getting are absolutely overwhelming. And I'm very glad that at least I could solve that problem because there's no point paying a monthly, how much were they paying $150 every month for pretty much nothing and they weren't able to be profitable. And now they've moved to Willis University and they've taken the Forex mastery course. And the Forex mastery course is $99, one fee upfront, no monthly subscription, none of that. And the quality of the education on the Forex mastery program is actually, I have never seen anything like that. Not because I'm the one that put it together, but I'm just saying it is just the absolute truth and the most professional way to look at the market and the most professional way to trade the market. And yes, I know I got a lot of message from most ex IML people thanking me. I want to say that I saw your messages. I'm sorry that I couldn't respond to everybody's messages, but I see your messages and I am very grateful for the fact that you guys trusted the Forex mastery program and you came and I'm so glad that you guys found the Forex mastery course very helpful because when I was putting it together, I was like, I hope people appreciate the information that I'm putting on here because it is so much, you know, agony and pain over the years of losing and losing, putting together all that information and then refining it and teaching people what works and what works and what doesn't work in the Forex market. Okay. You know, so that's exactly what the program is about. The most realistic approach to Forex trading, not teaching you how to go and sign up more people to sign up. We don't need that in Forex. In Forex, we want to be self-reliant. We want to be able to make money for ourselves from the market. And that's exactly what the Forex mastery course stands for. It is your ability to go in, okay, go into the charts, break down the charts from a higher timeframe perspective, scale down to a lower time, you know, identify directions, massive moves on higher timeframes and then scale to lower timeframes and then trade in that direction. Just recently, I was actually recording an update for the course, which is going to be fantastic. If you haven't got in the program, I suggest you do. The link is going to be down below. It's just $99. It won't literally hurt you, right? So just recently, I just concluded a new module like an update. So keep on updating it at no cost, by the way. And the update is going to include, it's going to include entries, like people want to know, you know, entries, strategies to use on lower timeframe. So I'm going to be sharing my entries and exits over for the last six months, all the trades that I've entered and exited over the last six months, why I enter them, why I exited them, my entries, my exits, my entry and exit strategy, basically, you know, as to how I trade in Forex market. So that's going to be the new update. And obviously, I'm going to be updating the course with trader psychology as well. So all you Forex mastery students, you have nothing to worry about is going to be automatically updated to your platform. So you have, I feel like you have the best resource in Forex, I think, you know, the, the, the primary reason I actually created the program was I wanted the Forex mastery program to be the last bus stop for any Forex traders education journey. I wanted this to be the N O B all so that you guys don't need to keep spending money on education. I wanted this to answer all the questions and solve all the problems and so far so good. You guys seem to be loving it. So enough about IML and all that crap. I'm going to jump into my screens right about now. Once again, it's amazing to see you guys. Let's hop into my charts. Do I have a couple of trades to show you guys today? Yes, I have a couple of trades that I placed. I want to talk about how they're doing and what I'm going to be doing for the week ahead and if we can find some training opportunities for you guys as well. So guys, yes, let's go into my charts and let's jump in right about here. Okay, okay, people, welcome inside of my screen. Yeah, welcome inside of my screen, people. Now, like I was saying, just a short year ago today, I want us to go over what we spoke about last trader talk, which was volume 12. This is volume 13. I like all my trader talk episodes to kind of like link into each other. I don't want to come here and be talking about this trade and trades like I want there to be a pattern I want you guys to see as things unfold, I want you guys to be able to follow me through my journey of what I'm thinking about and the trades that I'm placing. This is very key and very important. So one of the one of the very, very key pairs that I went over last week was actually AUD USD. Now, I predicted a reversal on AUD USD whereby I was so certain that we were going to take out of this level. So if you went back to the previous trader talk, you will know that I, you know, I call that we're going to break this level and we're going to kind of like retest it to collapse to the downside and that's exactly what has happened as you can see very nicely and clearly and I'd also predicted that the next level target was going to be here and if we broke here, we're going to come here as well. So guys, the market has gone on to do exactly just that where kind of a few pips shy from our 0.7377 target. I do feel in the coming days, we will most likely bleed to the downside. Today's just Tuesday, so we need to give the market a couple more days for it to obviously melt all the way back to the downside, you know, but so far so good, we have been able to anticipate this reversal pretty nicely. When I did the video, I think the market was trading somewhere around here. My entries were somewhere around here and for me, my trade is still very much open. For some strange reason, this spike was supposed to have stopped one of my trades out for break even. However, I have no idea why my broker didn't close me out for this trade. But all things being equal, I think it was probably because I did not move my stop losses to break even, which is very, very, very, very strange of me. But I guess a mistake has obviously paid out in my favor. So we're currently in this trade at the moment. My entries are at 0.75546, if I can remember correctly. So what was the ideology behind getting into this AUDUSD trade? For me, it was very simple. Forex mastery students, you know this already. We had spotted a head and shoulder pattern on a weekly timeframe. Forex mastery students, you know that once we are able to spot a trend reversal pattern, what are trend reversal patterns, i.e. head and shoulder stuff like head and shoulder, double top, inverse head and shoulder and double bottom. So we had spotted a major left, head and right shoulder on the weekly timeframe. The neckline was broken and I told the traders, simple and straightforward, wait for a breakout, a pullback to test the neckline. Forex mastery students, if you check module six, no, no, module three, four, no module four talks about how to trade inverse, how to trade chart patterns the right way. We don't trade at the breakout, we trade what are the retest of the neckline. And we always know that the market is most likely going to break out to the same amount of pips that we stock in, or rather we were stocking while who are inside of the range. Okay, so we have broken out of here, a retest has happened and I'm expecting further downside. Now I can see very clearly, I mean this is not exactly the best trend line but this is a trend line whether we like it or not and this guy is actually going to be here and will most likely cause a problem. So what I'm going to do here is I'm going to use my yellow bar like so to highlight this area around here because I feel like we might see a push out from this level somewhere about here and I'm obviously going to delete this. So I'm expecting the market to kind of like push down for a couple more pips before we eventually obviously start heading to the upside. Okay, so that's pretty much it for AUDUSD. I still feel like we have some room to the dance. And now ladies and gentlemen if we can take out 0.73373 guys I feel like 0.700 should be our next level target if we can take out this level but I know this level is going to put up a fight because I just feel like maybe we might want to come in here now. I don't know what's going to happen. I like my duty here is not to try and predict you know I mean we can predict as much as possible but I don't want to try and predict the market movement itself like in terms of how it's going to oscillate. You can't do that. The best you can do is predict based on current price movement and you're kind of like your immediate targets. We can do that but for us to say okay the market is going to come here do this do that do that and go. I always see people do that on Instagram and then they end up being wrong most of the time. For me what I like to do is I like to do break of structures flow of the river from higher time frame identify what direction in this market going in and then I can now use my key levels to anticipate okay we've broken this one we're going to go this one break this one okay from the double bottom of this one change and trend it and then we can anticipate I can do that but for us to come and like draw the lines and be like okay it's going to come here you find out most of the time you're going to be wrong and that's not the best way to go about it so for now it's a clear sign to me we're going to come here I hope I pray we break this level I'm going to hold on to a couple of trades if we can break lower that would be amazing I don't know how possible that is I'm not the market so I'm only going to trade based on what I'm seeing and at the moment this is the next level target and I've obviously been able to lock in some of my profits my stop losses are somewhere around here so if we poke up a little bit and I might get stopped out for obviously for some profit I just hope we stay below here and then push all the way lower now the next pair I want to talk about is the euro dollar okay so the euro dollar is it's kind of like in a similar scenario as AUD USD I'm still in the euro dollar trade my entries were somewhere around here forex mastery students go to the already existing module on entries and exit you know how I like to enter the market's break off counter trend line you would see exactly how I entered this trade it was so simple and straightforward don't forget we had anticipated this breakout how did we anticipate this breakout it was so simple and straightforward we had drawn our trend lines our trend lines had pretty much told us all the way from here that this was already going to happen okay so there was a clear breakout from this trend line and as you can see it was a clear breakout so it was a breakout a retest and a continuation so once we saw the breakout retest and already on the higher time frame this was a double top so double top heading all the way back down breaks trend line just starts telling you this is a change in trend we broke this trend line we poked out a bit I this is always my favorite setup once we poke out a bit right and then we pull back to test as you can see he came back to test the outer point of this trend line and also this black line that has been acting as resistance and somewhat of an issue for the market the market came and was now kind of like testing underneath it and there was that guy that roof going to the top as well it was a no-brainer all I did was I scaled to a four-hour time frame and then I looked for a potential selling opportunity it was a breakout retest continuation my entries were somewhere around here a counter trend line setup and then ever since then guys we have been pretty much you know rigmaroleing all the way to the downside I have taken a 50% of my profit about here the market has come in and has poked all the way down here now looking at the market so far I can't really say if this market might want a head lower because from what I can see on the four-hour time frame I can see a left shoulder head right shoulder might form about here so the deciding point for euro-dollar will definitely be here okay to be honest on from a lower time frame perspective if we come in here and I start to see a bullish engulfing for our candle I will close this trade entirely why because there is a trend line somewhere about here there's a trend line just somewhere about here give me a second there's a trend line which is which actually wants to form a uh what's this called what she wants to form a wedge okay so the problem is a lot of people so it's kind of like you know x so this is so we're running to x to a to b to c to d to e fire down all right cool so I'm just counting the x to e wave count okay cool so there you go guys so because of this bad boy that has been touched and we have had a bullish engulfing candle off of this bad boy and this is how the market works guys the market just doesn't reverse it will first of all come into a major area it would show you evidence by how it bounces off of that area this is a bullish engulfing daily candle first danger sign now it will also go on a lower time frame ie like the four hour time frame or the one hour time frame and around that area around that major area it will most likely put in a chat pattern so this is exactly how you use chat patterns guys on higher time frames you look for the overall chat pattern on lower time frame you use chat patterns chat patterns only mean something when they occur at a major level for instance around this area is a major area of interest because of that trend line that wants to kind of like form the triangle that looks this way so I'm going to be looking up for the euro closely if we come in and form a right shoulder and break lower thank god we're going to come here but if we stick around here and start looking like this and we start looking like this ladies and gentlemen I feel like the euro might fire all the way back to the upside okay so for now I'm still in this trade I'm going to be watching it this will kind of like be this will kind of be like my deciding factor this level about here will be the deciding point if indeed I decide to stay in this trade or leave the trade so as you can see it's a very systematic approach it's so simple and straightforward we sold as the market was coming lower already from trader top volume 12 we already knew that this area was going to be a problem because of that bad boy that was here it has come here we've bounced off of it so around now we're just kind of like chilling is it going to hold or is it going to break if it holds we have to get the hell out but if it breaks thank god we continue selling now for people that are only able to come to higher timeframes to anticipate this you will notice that a lot of people will get into this euro they are in a lot of profit this is exactly what used to happen to me before in the past I would be in a lot of pips a lot of profit and then the market is doing doing doing giving me some nice and I'm feeling okay I'm feeling nice I'm feeling good okay and then all of a sudden the market just starts to reverse and I'm thinking okay it's okay it's gonna go back down and then only for me to realize that it actually came to a major level and if I scale down to an even lower time frame to see the chat pattern on that you know that area of interest I would have noticed that a chat pattern had formed you know on the lower time frame around the area of interest I'll take it again I'll be in the trade the market is going in my favor and then we get to a major point but because I can't because I I didn't know how to trade or analyze on higher timeframes I wouldn't see it I would just know that my profits would just turn into losses all that money I've made would just turn around and then you know and then the worst part about it is once you're in profit and then you give a chunk of that profit back to the market you get angry I'll give an example let's say for instance this market comes in here and turns around and then comes all the way back up and the market eventually goes to what stopped me out for maybe not as much as I wanted to make or even comes to stop me out for a stop loss let's say that happens what will most likely happen is I will be so angry and I will start looking for the very next trading opportunity and most of the time I'll be looking for a sell opportunity because I know I sold before and it went down it should go down and only for me to realize that the market actually has fully reversed so the the next trade I will most likely trade place will actually be a losing trade because it has clouded my judgment I have failed to realize that a reversal has happened because I just didn't know how to do what higher time frame analysis this is the this is very key and very important so I'm not going to waste too much time on the euro this is my verdict guys the euro has been pretty handsome to me probably up maybe plus 13% on this trade which is pretty nice quite happy about this we haven't really had any home run trades recently because of how annoying the market has been so for us to see ourselves backing some profit all the way in July it was very I'm really happy about this and I'm really really you know you know this is one trade and AUD USD as well now this takes me back to what happened from from all the way from last week in March April and May was deadly treacherous months treacherous months because the market wasn't exactly giving us a clear direction and most traders were just stuck in the euro USD range but look at guys all the traders who understood what exactly was happening okay and traded less actually were able to preserve capital to be able to take advantage of now that the market has actually broken and I'll take this again guys the market can remain irrational what does irrational mean the market can run mad longer than you can keep money in your trading account it most of the time the range the uncertainty usually at last most traders trading capital because during the uncertainty people are trying to buy and sell and then lose all their money during that uncertain period and when the market eventually opens up like it's opening up now most traders don't even have enough money to trade the open up and then they say forex doesn't work now you don't work you don't understand the game it is a mental game you have to be this is how you beat the market anyways guys once again if you want to hear me talk more about this in detail the forex mastery program is going to have this so I've covered AUD USD and euro dollar let's see what GBP USD is doing all the USD pairs are pretty much doing the same thing GBP USD looks like an absolute mess I'm not interested in that it's annoying me gold let's see what gold is saying let's see what gold is saying I think gold wants to pull back into 1826 I feel gold wants to pull into 1826 for a further catalyst to the downside sorry for god I have taken out all my key levels I must have been trying to explain something to somebody maybe a student or something I'm going to delete everything just by looking at the bear chart just like so so simple and straightforward I'll just put my green bar here come to a daily time frame weekly time frame sorry and just have a quick look just by looking at this the weekly time frame is having issues because of this green bar about here as you can see we have popped back back down below it from a weekly time frame I can tell major candle don't be fooled by these three candles this green these green guys are just as if they are a these are resort and candle from this guy they're stretching back the deciding point for gold will be this green bar if we come to this green bar and we unable we fail at this green bar and we show some red nest to the downside it's a sell for me but if we break above oh well you can go but I'm still kind of bearish on gold so this green bar will be the deciding factor for me what do you do about this you simply come to the daily time frame I will be watching the daily time frame for this bad boy about here so I'll just be watching this so this is gonna be see my my my my my charts are so easy and straight nothing too too much it's nothing too much man it's nothing too much it's nothing too much may it's simple it's simple as shit all right so all you need to do may is when the market comes in here just watch out for it if you see a red candle it's time to start selling you know what I'm saying and then if we see a break above just leave it alone so you don't lose some money go I'm saying so just wait for the market to come in here and we see a red bar start selling and then the market is gonna come all the way down here listen brother it's so rocky science all right so it's exactly what I'm gonna say on gold sorry about that guys yeah I'm a bit pissed off England lost at the finals I wish I was obviously I'm stuck in Dubai I can't fly back to England England because Boris isn't letting us fly back to the UK because we have to quarantine for 10 days if we want to get back in I wish I was at the Wembley I feel like if I was at the Wembley I feel like if I was at the stadium Rashford wouldn't have missed the penalty because Rashford is my guy I just told him rashi you're Rashford make sure you score the penalty all right may peace he would have scored it same thing with sancho and same thing with Saka as well but unfortunately they missed the penalties but I mean three lions all the way I respect those guys they got to the finals it was absolutely amazing shout out to them shout out to all my mates on the on the UK on the English team and obviously I say no to racism all the races chants and comments have been absolutely disgusting there's absolutely no need for that so guys obviously once again shout out to all my African brothers who are the ones that are always watching my channel shout out to you guys I hope my videos are always entertaining enough I hope I'm able to shed a lot of light on how you should go about trading guys do yourself a favor grab the forex mastery course it's gonna help you dissect the market like that as you can see such a simple thing simple thing guys and between 1824 and 168 you're looking about the space of about 1,600 pips to play with so if we come here and we fail pray we fail here all more ego sweets ladies and gentlemen thank you so much for staying till the very end of this trailer talk I'm gonna take you guys to my other screen and I'll catch you guys in my subsequent videos let us go all right people so there you go thank you for staying till the very end of this amazing volume of trailer talk yes yes yes I know this was a value-packed one all I was doing today was basically sharing my thoughts on the market and basically showing you guys where I think AUGUSD and the euro is going to head to for the next couple of weeks if not even months so your duty as a trader is to position yourself accordingly and use your lower time frame strategies and feed and key into the direction that we have been able to see on the higher time frame and for once again forex mastery students I'm going to be updating the course wherever I'm going to be talking about my entries and exit strategies that you can use if you haven't grabbed the program the link is going to be down below don't forget to do that once again thank you so much for staying till the very end I love you guys that's my time peace out