 How's it going people? Welcome back to yet another version of Trader Talk. My name is Dapo Willis as you already know. Now this week I'm feeling great. I'm feeling amazing why because last week I was feeling horrible. I was so ill but I just had to summon up courage and energy and strength to put out a video just for you guys because I know a significant amount of you guys who watch my videos are from the Forex Mastery course and it is my duty and obligation to always come on here and keep updating you guys on the best trades possible, right? So but this week none of that is happening. I'm feeling really good. The weather is slowly starting to improve in Dubai. It has been hot the past couple of months but now I think we're slowly approaching the winter season and now I can finally go outside and shoot some videos outside for you guys and show you how beautiful Dubai is. Now obviously today you know I'm going to jump into the charts. It's Trader Talk Tuesday. Actually it's Wednesday today but you get the point. It's Trader Talk. It's time for Trader Talk. I'm going to jump into my charts pretty soon but before I do that I wanted to give a quick shout out to a guy that I met at the cafe. So there's a cafe like literally right outside my building here in Dubai and I usually go there sit outside. I monitor my trades all my millions of dollars floating. I monitor my trades and my econ business as well so I just usually sit out there every evening and the guy literally saw me and he was like wow I can't believe I'm seeing you in person. I'm like okay who are you? And the guy's like listen I follow you on YouTube. I love your YouTube videos and I am a Forex Mastery student. Now when he told me he was a Forex Mastery student now I pay attention to my YouTube subscribers don't get me wrong but when somebody tells me they're a Forex Mastery student I'm like okay that means you actually do believe in the things I say about trading. So I was really really excited like are you serious here for it? He's like yes he said let me prove it to you so he logs into his Willis University dashboard and he shows me the course and he showed me he had completed the course. I'm like okay that's fine how have he said he absolutely loves it he was going on and on and I'm like okay cool I know you love the course it's a really good course. I want to see your trading account like how well have you been performing. He was like yes sure and this guy opened up his trading account and believe you me he had taken his account from I think it was $5,000 he invested and he was pushing north of $12,000 so he had literally doubled the account. I think he started trading sometime in April so he had pretty much doubled his account and he was about to take his account to 200% and when I saw the trades I was very impressed so I started to ask him questions like why did you get into this trade and for every time I asked him why he got into those winning trades now this guy is smashing 8 winning trades out of 10 and for every time I asked him why he got into a trade everything he told me ties back to the Forex mastery course. He said remember when you said that when the market has a double top and this is this AUDUSD and one of his biggest winners was the AUDUSD which we just analyzed two weeks ago which made us a lot of money which I'm going to speak about in this video today and I was like wow I was blown away I'm like and but I said to him I'm like this year hasn't been the easiest year to trade he said yes he understands but the Forex mastery that the information and content on there has helped him navigate through now this is exactly why I put the course together it is anybody any beginner can come on here and click buttons and bang trades it's something called beginner's luck but what really really proves to a trader that he's really a trader is his ability to navigate through trying times you see when the market goes into a range is exactly when a lot of traders tend to blow the account and he was telling me at this point I stood back at this point I wasn't trading at this point I listened to your youtube trader talks and I wasn't trading at this point I decided to and listen guys it was just like a father watching his child grow into a man I was so happy because nothing makes me happier than to see people consume my youtube content take the forex mastery course and become a success this guy had been trading for about three years before that with no success and for he told me as a matter of fact he said he's gonna send me some money he said he's gonna send me some money I told him he said he's gonna make a withdrawal this morning and he's gonna call me to take me out come and take me out I don't care like that's what I want to see obviously I don't need his money but to see that we've actually built a community of traders that are actually starting to become profitable makes me very happy and once again the course isn't that expensive it's 99 dollars the guy literally just went to the link down below grabbed the course and applied himself you see at the end of the day in life nobody is going to come and save you you have to save yourself all the tools you need are there one of the tools you're going to need if not the most ultimate tool you're going to need to be successful in forex is the forex mastery program you need to take it and apply yourself you need to listen to the things that I say on the program things like if the market isn't cooperating if the market isn't trying to stand aside one of the major rules of the forex mastery course is knowing when to stand aside because if you get hooked on this market if you get hooked on the market you will there's no amount of education you take in the world that will help you become profitable so once again shout out to you I'm very happy that I met you I gave you my number I don't usually give out my number but I gave him my number and yeah I'm actually expecting his call he said he's going to buy me lunch today so guys I get free lunch today because one of my students has absolutely smashed it in the market and he took the forex millionaire program as well which has now he's currently working on sourcing for funds from investors because he understands that if you want to make millions in the market you have to approach investors with your knowledge and investors money that's exactly how you make millions in the foreign exchange market now for those of you who haven't grabbed the course the link is going to be down below do yourself a favor don't stop beating around the bush and actually start to pattern your life properly so enough about me gloating about my student I'm proud of him I'm very proud of him I'm happy for him okay I'm happy really really genuinely happy for him so enough about that I'm going to jump into the charts like I said I was going to jump to the chart but I'm really happy for him I'm really happy for him man you know I just because I remember back in the day it was so stressful for me man it was so so stressful I remember strategy after strategy indicator those things weren't working man those indicators they don't work those signals don't work sign up five people to sign off those things don't work so to see that my knowledge is actually helping people become successful makes me so happy please I want to see more testimonials like this I want to see more testimony forex mastery students do me proud okay if you're doing fantastically well and I keep getting a lot of message from you guys are doing so well but but to actually meet somebody in person it makes me really happy anyways I've been talking about this for seven minutes let's jump into the charts let's see what's happening let's see I got some charts for you guys let's go hello there beautiful traders welcome inside of my screen once again as you can see I'm quite excited today obviously because of the student that I met in the cafe he made me really happy and his trades have been playing out fantastically but enough about him let's talk about you okay so let's see how we can make you guys can make some money what I have in front of me is the AUD USD and as you can see from the last time I that's for those of you who actually watch my youtube videos right my try to talk videos and follow me religiously and judiciously from the last time we spoke remember when I told you guys that I was waiting for a close back down for AUD USD shorts I have actually sold this market and remember when I told you look left if you're doubting this you can check the previous videos so obviously we sold here my stop losses are here my first level targets are here so at the moment I have a one-to-one risk to reward on this trade I have gone on to close out about 60% of my position at the moment and my stop losses have been moved to break even why because remember when I did I mapped out this green bars pretty nicely for you guys as you can see this green bar this green bar pretty nicely I said I'm expecting a sell-off into this green bar about here which has happened so target one has been fulfilled now if we can break below this green bar I should be expecting further downside but at the moment I'm not quite sure so now we have gone from a period of 70% to 80% decline that this is me as in probabilities of that happening to now where this green bar represents a 50-50 situation okay why does it represent a 50-50 situation it represents a 50-50 situation because this is a left shoulder and I'm very wary of this shoulder at the moment I have made some money from this market not a lot of money I risked so I think my risk on this trade is probably about 6k so about 6.5k I think so I've been able to I've been able to at least make six five eight or six k back so my risk to reward is um I've made what I risked back so I've been able to lock in my profit um so my short trades are somewhere inside of here somewhere about here one profit then negative and then all the way back down into profit so because now my 3% can be different from you some of you guys you're 3% 30 dollars 300 dollars 3000 dollars right so my point here is what I have risked I've been able to make okay so now my stop losses are break even now for some of you guys your risk your your first level tag the amount of money you make on your first level target doesn't really seem like a lot but you have to understand that I always preach this on this channel whatever it is the market gives you you have to take you see he's the greedy people that end up with blown accounts so this market has given me what he's giving me and now he has told me that listen dabs I have got into a situation whereby this green bar is kind of like holding me from going lower I cannot route like I cannot ignore this green bar because of this guy this is a left shoulder so what I advise you to do like the market is advising me yeah guys let me tell you something yeah oh my god forex telling to a madman I'm telling you guys listen you see when you treat forex and you start talking to yourself you you start saying the market is telling me but it's the truth I use clues on the chart to educate myself as to what to do next so the market is telling me that look listen dabs look at this guy on the left don't play with this guy don't play with me these guys I'm not sure of this guy so you have to be careful so I've done the I've taken the necessary precautions and I've moved my stop losses to break even now for those of you guys asking me how how well we've done over the year as that today from our AUD USD trade from the last time that's this short trade all the way to the from here all the way down here we are currently up about 70% for the year which is not bad as in for our hedge fund this is us trading conservatively now if I had doubled my risk probably be off a lot more than that probably maybe 500% now but I'm talking about for our investors um and they're quite happy with us as well actually I was speaking to one of our investors just uh Friday last week and you know they're pretty pleased now guys you see my trading approach helps you sleep well at night okay helps you sleep well at night because you know I know regardless of the situation I will never be in a position whereby I have to start running around begging people to give me money to pay back my investors that can never be my situation and I can go to bed you know at night knowing fully well that as long as the forex market exists I would always have a roof over my head as long as the forex market exists I will always fly private jet I will always fly first class I will always drive a nice car because of the way that I've decided to take the forex market I've decided to take the forex market for what it is okay I'm not a gambler I'm a very you know what's the word I'm a very conservative trader so for you know for that fact alone you know I I know for a fact that the forex market will always be my ATM machine okay it's just a matter of me just waiting for when it's ripe and then me go into harvest I feel like this is it's a very powerful feeling and this is what I keep telling you guys to grab the forex mastery course it's not because I want to take your little hundred bucks hundred dollars isn't good look at the trades I'm freaking calling here guys you think hundred dollars is my problem you must be crazy come on guys look at the trades I mean we're banging week in week out for every time I come here we must always have a profitable trade except I'm I accept I decide to stand on stand on the side so the reason I tell you guys to grab the forex mastery course is so that you can actually start seeing the market like this and for peace of mind peace of mind okay so anyways enough about that so ad us it's currently hanging on at 0.3 0.7 3059 at the moment this is going to be the decision zone so I'm going to be leaving ad usd at the moment my stop losses have been moved to break even I've taken out about about 60 70% of my position I think I think 6k ish I've taken out from from the market at the moment so my stop losses are breaking I hope that we break lower so at this point what at this point whatever the market wants to do is entirely up to it I've made money from the market I'm not going to look at the charts again and that's the honest truth after now I'm going to close my computer I'm going to go chill like do other things run my ecom business do other things because whatever the market wants to do from here is entirely up to it I hope I hope we break lower but even case we go back higher that's also fine as well I've been able to take something out so this is the current analysis on ad usd that's wrong let me go back to the daily let me quickly do a quick recap on ad usd I am favoring the downside I hope we break lower okay I just hope we were able to bleed to the downside if we bleed to the downside I will make a significant amount of money on this trade I'm not even gonna lie it's going to be sweet probably push us into 80% return on investment for the year um so I'm hope I'm hopeful let me just remove anything that is just a simple Fibonacci play I'm hoping that this Fibonacci play actually holds this market in in place and so we can bleed all the way to downside but honestly guys in my journal I have written that I am very concerned about this left to show that that is that is hogging the market at the moment don't forget to journal your concerns okay don't forget to journal your concerns so I'm a bit concerned about this I'm not even gonna lie to you so two things can happen here guys we can either bleed to the downside or we can start reversing for a bigger consolidation all the way to the upside because um you know like I keep telling you guys um I'm favoring 70% downside 30% to the upside never rule out what could potentially be because if you give yourself the the opportunity the the the the if you give yourself the room to be wrong you never really lose money you're never really taking by surprise okay always give yourself room but at the end of the day I'm favoring the downside 70% to downside 30% to the upside so I'm gonna come back next week to see what happens with AEDUS I'll be monitoring this I'll probably check my charts again probably at the close of the market on Friday to see what happens it is very possible that we can easily form a base around here and to the upside or if we have some it will take some really bad news from AUD USD to break lower but don't get it wrong guys if we break lower that's where my money is I want to make more money but I'm also wise enough I'm also aware enough not to be emotionally attached to say that there's also a possibility that we can head higher as well so enough about AUD USD I have spotted two very interesting things on both GBP USD and Euro USD so I'm going to take GBP USD first so that we can look at it together and then we can obviously decide now just looking at the weekly timeframe for for for GBP USD GBP USD is in a nasty range now like once again this is what the forex mastery course will do for you it will help you and teach you how to zoom out so if you come on the monthly timeframe you'll see that GBP USD is in a nasty range monthly range that has been here since 2017 that doesn't mean we haven't had trading opportunities I made money going up I made money coming down I also made money while this market went up as well however it just gives me a guide so that I know I know exactly what exactly is happening with this market don't forget you see our key levels have actually held this market tight I probably this key levels many years ago and as you can see the market came here and has respected it pretty nicely now moving forward with GBP USD GBP USD can do anything okay however I feel like this this is kind of like a double top I feel like maybe this market might roll over to the downside see when you're in a range you don't expect and this is this is why I keep preaching to you guys that a lot of trainers and their strategies only work during trending markets this is why when you're in a demo you make money and when you're in a live account you lose money because you demo most of the time you're demoing the market is trending and then when you go to live the market is in a range and your strategy and your IML leader did not teach you that after every trend comes a range okay so it is always important for you to be able to identify the ranges because during the ranges is when you're ideally supposed to stand aside so back to this situation in a range it is always very difficult for you to identify a clear direction okay so at the moment I can see a double top now the deciding factor for if GBP USD will will go up or down is pretty much this black bar here you see for me in this market it is either or either or and once I have my either and or I give both of them probabilities okay so now let's scale lower to try and see what exactly is happening a bit properly right now I won't be surprised if this market actually belts to the downside because I would be you know we've broken the trend line you know so this black bar is pretty much what is holding this market from heading lower okay this black bar is actually was preventing this market from heading a bit lower so if we can break this black bar will come here however I have found something very interesting that might suggest that GBP USD might actually want to head higher now let's go over to the daily time frame and I want us to look at this consolidate forex mastery students let's have a look at this consolidation period very carefully okay now this market formed somewhat of a right shoulder okay now we formed this right shoulder and ideally we're supposed to break this neckline to bleed that didn't happen we actually came here and we've popped above now if you look very carefully at this tube breaks below you can see to you it looks like a double bottom okay to you it looks like a double bottom so the first signal is that okay if indeed this market wanted to head lower yeah if indeed this market wanted to head lower we should have broken on the second attempt don't forget left shoulder head shoulder left shoulder right shoulder head we tested it the first time to form the right shoulder now this should have been the guy to bleed us lower just like in AUD USD that we saw we tested it the first time and then when we came down we broke down however we didn't do that in this case and not only did we not do that in this case we formed the double bottom and now if you look at this double bottom very carefully you see when you when it comes to this chart I have to be an FBI agent I'm an investigative trader look how this low is higher than this one this low is higher than this one yes if I draw it you see it is higher than this one so for this reason alone it's got me thinking maybe this head and shoulder doesn't want maybe this is actually a failed head and shoulder pattern that has formed on the daily timeframe for GBP USD now from experience what actually happens to failed head and shoulder patterns is this okay if I come to the week for the daily time what tends to happen is when a failed head and shoulder pattern happens usually what tends to happen is that the market tends to reverse in the opposite direction so what do I mean by this if I draw my counter trend lines like so as you can see carefully I feel very honestly within myself that the GBP USD might have a shot to the upside now you see this trade I'm 60 percent sure about this there's something in me and also look we broke this counter trend line read so this is a breakout retest continuation so what I'm going to try and do is now I'm going to try and draw this counter trend line properly and as you can see we have even cleared this region about here so what has actually happened right about here is we tried we tried to break lower it didn't happen we formed the higher high higher low and we've come to test this trend and we've broken it's a breakout retest so we've broken our result and now kind of like facing like this don't forget because the overall perspective is arranged it becomes a bit dicey so I'm going to give this upside 60 percent so now let's try and see how if indeed we were supposed to get into this market had the best approach to get into this market right now personally what I would be looking out for is a range uh let me say I'll be looking for something like a daily candle break to the upside okay so what I'm going to do is I'm going to put a resistance bar about here this will be my guide this will be my guide so you can see my trading is very simple and straightforward I put all these things in place to protect my and preserve my capital now it's a very simple situation okay if we break above best believe we're going to come at least into this left shoulder region somewhere around here at least at least come here however if we fire at this yellow bar fire fire fire and we're able to break lower then we might say okay no trade I don't have any trades to the downside so whenever it is if you do your analysis and you find something interesting just try and put in some circuit breakers in place to ensure that you're not overly excited okay I need the market to confirm to me put some confirmations in place to ensure that you don't get into the wrong hand okay so gbp usd I'm favoring you this guy a little bit to the upside however if that doesn't happen maybe the market might collapse all the way to the downside to come and test this region about here so you know it's two scenarios that my accord let me delete this two scenarios that my core so I'm just gonna watch out for this usually I don't really like trading when the market is ranging honestly I'm not gonna lie to you just makes me a bit sick so two things are gonna happen now this is kind of like a wedge if we can break down here or we can break higher but honestly guys there's just something in me that is just itchy just telling me that you know gbp was in my fire to the upside you know it's just something in me something in me something in me let me look at the weekly candles to see the weekly candles are suggesting that this market is having difficulties breaking this bar give me a second to delete this you see most four extras that come on on on on on YouTube I watch their videos they don't level up to this shit man they don't level up to this shit they took me 15 minute charts 15 minute charts blow your account come on man you don't see this shit on 15 minute time frames do you so because of this sudden push to the upside you know this it rejected it back to the upside I feel like gbp us he might have a chance a shot at the upside so all I'm going to do in this situation is once again you know me guys I'm gonna put my my I'm gonna put my my confirmation point about here this is going to be my confirmation point if we can if I see a clear break daily candle break I'm going to do a daily candle close above this for my buy trade and then we'll see how it goes but it's going to take a couple of days for this market to mature once that happens guys look at you have all this you have all these pips to the upside I'm talking I'm talking if this market has a massive breakout if you're getting at 1.3900 you have all this room to the upside to 1.42 so that's giving you roughly about 300 pips to the upside which is quite juicy if you ask me so at this point for gp us he's patient for now but this market don't forget is moving sideways at the moment now the last bit on my list is euro usd now honestly I just feel like the euro wants to go higher okay I just feel like it's just one of them trades in between that I feel like the euro wants to go higher okay because look what's happening on the euro what I can see is left shoulder head right shoulder so this is looking like an inverse head and shoulder pattern if I draw my Fibonacci from swing low to swing high you can see how this bad boy has pretty much come in here okay I can see a four hour breakout happening at the moment so all I'm going to be doing is I'm gonna just wait for a four hour candle to happen about here now because of the fact that this market is inside of a it's just inside of an entire mess I'm going to be reducing my risk from 3% to 2% on this trade just because it's not a trending market at the moment okay because obviously you know I trade for investors I'm just I don't want to hear stories okay even if you look at this right about now so this is the wedge this is the wedge maybe this might be the wedge bottom of the wedge give me a sec guys I'm just trying as much as possible to understand what exactly is happening at the moment what exactly is happening you see you get to see me analyze this market real time so that you get to see what exactly professional traders are thinking about okay just trying to make so what I'm doing here is I'm just trying to make I'm trying to eliminate all the reasons why this trade wouldn't work out okay this is what I'm trying to do at the moment so just give me a bit of time so that if I say it's time to buy let's be sure that it's time to buy okay let's just be sure that it's time to buy so we'll pull back down inside of here okay so the buy trade is looking pretty juicy but I have a little bit of concern which I want you guys to also take into consideration as well when you get into this buy trade so I can see a very decent breakout returns continuation happening about here actually this trade is looking like it's ripe for a buy as we speak yeah I think we're gonna so okay fuck it let's go ahead and call it I'm looking at euro USD 1.1849 1.184 1.18940 next level target for the euro kind of fancying the euro to the upside because I have a clear case of breakout returns continuation I hope I also have an inverse head and show that it has pretty much formed inside of here as we can see so yeah fuck it you know what fuck it so my entries are actually I'm gonna probably execute the trade I'm gonna reduce my risk from actually 2% to 1% because we're actually trading inside murky waters about here but I don't care let's go for it right we've made enough money on AUD USD let's see if we can take some risk at the moment so stop losses are gonna be down below here profit targets should be somewhere at the top right about there actually we might actually blow up a bit higher so first level targets for this trade is 1.1 1.18940 next level targets will be 1.1936 yes you heard it here first apple willis stop losses are going to be all the way down here guys trade accordingly to your risk management please don't say because that's he said it you go ahead and gamble your account that would be cool but I'm actually favoring the upside for this trade as we speak let me also see now now that we've been able to identify trading opportunity let's go and look for reasons why this trade might not work out so that we can also put that in our contingency plan as well okay so don't forget Euro USD is actually looking like a buy I'm gonna try and update this video as quickly as I'm done with this video okay my thing is hanging at the moment now I'm a bit worried about this bad boy as we speak I'm a bit worried about this bad boy so what I'm going to actually do as you can see this so you see forex traders when we do our analysis because we get so excited about the analysis we tend to we tend to we tend to like eliminate or we tend to just be blind just only our analysis guys it's not only your analysis that exists in the market you also have to look at all the other reasons why your trade might not work out and as you can see we found one just about now okay so it's better to identify it so that when you get into the trade or whatever the situation is you're not scared so now that I've seen this black bar I know that I'm going to put this down in my journal and I'm going to watch this black bar very carefully I'm going to watch this black bar trust me guys I'm going to watch this black bar very carefully I'm actually taking a significant amount of risk getting into the trade because this black bar running across here is looking like you know maybe that's the reason why this market rejected about here but I want to believe that this inverse head and shoulder has held and we would actually blow out to the upside so the chances of this trade working out is about 70% I'm going to delete this about now so yes I'm just going to be watching for Euro USD to take off in the coming days let me also draw this right about here okay actually guys actually actually actually this should be our new rules of engagement let us wait for this black counter trend line to be taken out a clear break this is the rules of engagement four hour candle break out of here four hour candle break out of here I will be a lot more confident getting to this buy trade and then first level targets are here second level targets are here so you have a significant amount of pips to the upside so 1.18240 to 1.8 so you're looking at roughly how many pips is that I love pips this is a four hour time frame so we should probably be looking at just about a hundred pips 150 there but I'm not exactly sure I don't care how many pips it is I just know that entries are here stops are here first level targets are here second level targets are here so guys there you go you heard it here first once the euro USD can break out of this counter trend line feel free to start buying GBP USD I'm also favoring the upside as well but don't forget these are the reasons these are the rules of engagement counter trend lines must be broken we must see a clear I need to see an erection from a candle an erective candle green break here and I'm good to start buying GBP USD the same is the case I'm going to need to see a clear break above this before I can obviously eventually start putting my money on this trade at the moment but yes I'm just going to be watching it both trades as we speak euro USD and GBP USD for potential buy trades AUD USD I'm going to be sitting on my hands at the moment so guys don't forget please please I gave you guys rules of entry for GBP USD buy we need to break this top bar here for euro USD buy we need to break the counter trend line about here please don't trade blindly as you can see I'm a professional I've been doing this for 10 years and these are all the things that I put in place to ensure that I don't get into premature trades and to ensure that what I remain consistent so once again guys thank you for staying to the very end this was quite a very intense one I'm happy you guys you know watch this once again if you want to learn how to analyze like this and to ensure that you get the very best trading decisions the link to the forest mastery course is going to be down below don't forget to grab it and once again I have a little message for you guys on my other screen now let us go all right guys so there you go thank you for staying to the very end of this fantastic episode of trader talk I hope you found all the information here very valuable went over a couple of pairs today was pretty much like a continuation from the last trader talk video AUD USD as you can see has given us some profit we like it is nice in the trader talk episode I told you guys what to expect if the market breaks below where it is at the moment it's going to obviously drop to the ground however I won't be surprised if we reverse to the upside from where we are at the moment so at this point stop losses have been moved to break even and then we can I've taken out about 30% of my profit at the moment so I'm just going to be watching the market see what happens but the profit is looking quite handsome right it's looking quite handsome and a couple of other pairs that I went over so guys I have another video coming out this weekend always watch out for my videos I'm going to try as much as possible to be releasing two videos every week if you haven't already subscribed to the channel and showed to do that drop me a comment this channel isn't like the rest on youtube this channel is the real deal if you haven't already grabbed the forex mastery course the link is going to be down below and yes my preferred broker as always is infinox capital the link to open your account with infinox is going to be down below infinox thank you so much for the support you give to me and the support you give to the forex mastery students once again that's my time la puliz and peace out