 Hey what's happening traders, it's yours truly Dapo Willis and welcome back to this highly, very highly anticipated segment of my YouTube channel called The Trader Talk where I come and break down all my charts, what I'm thinking in the market, what I feel the market is going to do. You know basically where I come and share my thoughts and projections for the week basically. So guys two weeks ago I had done the very first volume of this so I just need to make sure this is recording so because sometimes I'm out here blabbing for hours. Imagine I'm blabbing for hours and this shit is not even recording but yeah we're all good. Anyways so last week what I did was two weeks ago I did some analysis on gold and the euro and the euro absolutely collapsed, smashed our targets, some beautiful hundred and maybe forty pips. However, gold on the other hand was just stuck in the range right. So I decided to wait for an extra week hence why there was no technical no trader talk yesterday there was no technical analysis released last week Tuesday sorry guys flow with me right. So the reason I didn't release any video last week Tuesday was because I wanted to give gold some time to breathe because sometimes you just need to allow these things breathe and give them some time. So I didn't want to come on here and obviously start over analyzing and obviously confuse you guys. So the euro absolutely collapsed and smashed our target I'm going to drop a screenshot here. I made some not a lot of money but I made a decent amount of money on the euro. It was absolutely amazing. It took a screenshot for you guys. So the euro is fantastic however gold was just stuck in the range. So today I'm going to be going back into my trades and we're going to be looking at those trades that we did predict last two weeks ago and we're going to be looking at even more trading opportunities that we can take advantage of in the weeks to come. So guys welcome back to my YouTube channel once again my name is Dapo Willis but before I get into that you need to kindly do me a little favor just smash the subscribe button right there drop me a like and tell me if you found this segment this video very helpful. Alright guys so once you've done that let me give you a second stop right there I'm not going to say anything click the subscribe button right now and drop me a like okay let's wait three two one alright cool so guys let's jump into my screen let's go into the charts let's see what one and let's see if you can make some money alright guys let's go. Alright guys so welcome inside of my screen welcome to my chart what we have in front of us right here is the euro dollar right so two weeks ago we did call euro dollar shorts I'm going to be explaining the trade to you guys once again before we proceed but before I do any of I need to get some work give me a sec great now we can proceed so we are currently looking at the euro dollar this is the daily timeframe but before I get into what I feel the euro is going to do next I'm just going to quickly go over what actually happened in what actually happened two weeks ago that we wanted to start selling the euro so if I just zoom in pretty nicely so what actually happened though we did notice that the euro was in an uptrend very clear uptrend give me a sec I'm having difficulties with timeframe selection give me a sec I'm going to have you guys offer on sorry I'm a bit rusty haven't been on the charts in like two weeks now anyways guys so I don't have time to start explaining euro why why I feel the euro should go up and why shouldn't come down I just want to basically touch on what we spoke about last week if you need some background knowledge on why the euro is bullish can they check volume one of the trader talk video but in this one I'm just going to simply proceed to tell you that the overall the overall direction of the euro is bullish and next-level target for this pair is at one point one point two four hundred somewhere slightly above one point two four hundred right so I do I do expect the euro to lift off into this region about here as you can see the pair has clearly been making higher highs and high lows consistently making higher highs higher lows higher highs higher lows higher highs so we're most likely going to come and putting another high high somewhere on here and historically if you look left this is a major resistance level if you want to learn how to draw my zones to want to draw the zones the way I draw zones all of that information is on the forex mastery course but that's not why we're here today okay cool so last keep saying last week let's just take it like last week okay two weeks ago you get what I mean two weeks ago the euro was trading somewhere about here this is exactly where the euro was trading and we did predict that the euro was going to collapse all the way into here and was a very very decent and very amazing trade I think this was the inner trend line that we drew give me a sec guys this was a trend line that we did draw and as you can see the euro came and broke the inner trend line now guys you have to understand something the euro the overall trend for the euro I don't want to confuse anybody so I need to explain to you guys why I decided to go short two weeks ago the overall trend for the euro is bullish however we even within bullish trends there are retracement waves okay so within this retracement waves retracement is nothing more than when the market goes in an impulse leg and it retraces okay the market doesn't just as you can see very clearly this market is trying to get here okay this market started off all the way from here it's trying to get here but it didn't just go like it's going up and coming up and coming up and coming up and going up and coming up and coming up before it gets here good so our duty as traders is to try as much as possible to take advantage of the pullbacks the dips the dips okay anytime we push up okay we push up we buy we push up it pulls back we buy we put it pushes up it pulls back and we what we buy so that is that is basically our that's basically our job as trend traders however because of the fact that we are very aware of the the nature of chart movement right up down up down up down so if the market is gonna go up and pull down before it goes back up again that means it's gonna come down right and what happened two weeks ago was we decided to try and take advantage of a pullback a retracement into what I call a minor level right so that's exactly what happened we realized that the market had this nice impulse leg and then the market was in the process of pulling back he had broken the inner trend line okay it broke the inner trend line it tested the outer part of the inner trend line and then it was coming back down to test the outer trend line now guys as long as this market stays above this bigger outer trend line this pair is bullish you have to remember the euro is overall it is pointing to the upside temporarily where bearish okay as long as we sustain above this region above this trend line right about here just need to make sure this recording right cool so as long as we sustain above this region above this trend line so simple and straightforward I just drawn a very basic trend line right it's a very basic one to to the upside done as long as we sustain above this trend line anything above it we're bullish okay however even within an overall bullish trend we still have other bullish trends within the bullish trend and it's also possible that within a an overall bullish trend the inner bullish trend can be broken and can turn to a bearish trend so we can have a bearish trend within a bullish trend meaning that at the moment temporarily the market is pulling back however overall the market is still going to go back to the upside I know I'm taking time to explain this because some people are gonna be asking me why did you sell if you say but it's the flow of the river and the flow of the river is pointing up why did you sell this is trying to explain it to you guys anyway so long story short we did our analysis about here we found a sell position and then the market dropped all the way into our targets beautiful trade so I'm just gonna quickly come over to the daily time other guys who had a little break down in transmission right all right cool back to what I was saying so like I was saying this exactly what I'm taking my time out to explain to you guys why exactly we went short so if I take you to the four-hour time frame I just want to quickly show you guys a setup that actually happened so if I just quickly delete this right about here what had happened was I noticed that the market had pulled back significantly okay as you can see we are we were always making higher highs and high lows higher highs high lows high high high high however we came in and dipped somewhere down here and I knew for sure that this inner uptrend was broken and then the market wanted to pull back so what happened was obviously we looked at this region somewhere about here guys don't worry I'm gonna get into other periods soon I just need to explain these to people who so that you can understand what happened so and the market pulled into here we were looking at it so we pretty much had a sell setup somewhere around here however I know this market for for free for free I knew that we were not just gonna stay here and just drop down here so what happened was I did plot some minor levels that I felt that the market was gonna run into before you continue heading higher and this was actually one of them you can check the previous videos you can see it so this was actually one of them and as you can see the market did indeed run into this level I think it was actually a bit lower somewhere about here okay the market did indeed run into this level so myself my short positions was somewhere within this region about here once I saw this candlestick pattern of this region and then we started collapsing and then guys this is where Fibonacci comes into play magic sometimes when we have a pull down like this it's always advisable for you to wait for a pullback into a major Fibonacci level because for me when I saw that the market was refusing to head lower because ideally the market was just supposed to drop from here right but once I saw that the market was refusing to just drop from here I started to see drain candles I was like alright cool it is possible that we're heading towards Fibonacci if we get to the Fibonacci and this Fibonacci did not hold okay I called this the Willys zone if this zone did not hold and we broke above then this sell trade would have been invalid and then I would have left it alone and then would have probably been looking for buy opportunities however we did our typical ABC pattern completed in about here I saw this bearish for our candle close outside of the Fibonacci as you can see I waited for a bound to come out didn't sell inside here had no business selling inside here we came inside of here we bounced out the first red candle the second let me just zoom in the first red candle the second red candle and this exactly where I decided to go short at 1.2893 and then we dropped all the way down to about 1.207 so if we do the math so we're probably looking at about a 200 pp drop maybe about 180 to 200 pp drop which is absolutely miraculous if you ask me for a counter train trade and one thing you guys have to understand is because this trade we're going against the trend we're just basically just basically came in to catch something quick now anytime you're trading against the trend never expect the market to just give you the pips especially when you're going against the trend the market doesn't just give you the damn pips you know I mean like it's gonna take its time it's gonna fool around it's gonna play around it's gonna try and jump back against you and then it's gonna also come down and still try and act like it's confused before you eventually gets to this target so yeah this is the euro sell trade we had last week in a nutshell now let us talk about some future projections for those of you who did not catch that move last week how can you make some money this week now guys from what I can see in front of us the market has come into the level a base so I can see like a double bottom about here the market has collapsed all the way down here and is looking pretty much bullish to the upside right however I wouldn't be in a hurry to start buying the euro at the moment because from just from experience I just feel like anytime the market wants to consolidate this is not exactly the very best consolidation if you ask me okay so let me just go over to the for our chat and see if I can draw a counter trend line very nicely okay cool so what I feel is gonna happen to the euro is this right I personally feel that the euro is gonna play around this region okay we're gonna pretty much stay below here I feel like the euro might come for one last test I feel like I'm not 100% certain because if I was certain I will be hopping on the trade at this point I'm just trying to basically envision from so guys you have to understand that I've been trading this market for about nine years now so I've seen a lot of patterns in the market so what I usually do when I come on the chart is I try and look at charts to basically see if I've seen something like this similar something similar to this before in the past and from experience I just feel I feel like the euro as long as we sustain now back to our criteria right as long as we sustain beneath this line about here I feel like the euro might come in for a double bottom to complete somewhere about here before we eventually lift off to the upside because the euro needs to give me a proper counter trend line to trade this shit I don't just like the sometimes when the okay let me now really explain to you guys so I now know why I'm not comfortable with buying the euro just yet I don't like it when the pullback is too linear what do I mean I like when if this market had come in and given me something like this something like this you know something like this you know something like this okay basically making giving me space to draw a proper counter trend line like so you know but this this pullback was a little bit too linear for me was too close to it was too like it was too close so I feel like the market still wants to complete a consolidation period kind of like before we actually start to head to the upside I might be wrong so this in situations like this this is what I always try and do right I give myself a criteria for market movement right so what it is is as long as we sustained below this level I would expect the euro coming down here to complete its double bottom to head to the upside but on the flip side if we can take out this level about here okay because this level seems to be holding very strong if we can take out this level that's about here I don't see any reason why the euro should not be heading should not be heading to the upside okay let me just draw my horizontal array right about here and this is why I always like to space out my videos weekly so that I can allow the market breathe and stuff like without a doubt I have no at the moment the euro is showing me signs of bullishness overall however temporarily it is showing me signs of indecision okay you must always be able to differentiate from both overall and temporarily right temporarily before it was bearish we sold right we knew overall bullish temporarily bearish we sold cut some pips right we still know that overall it is bullish temporarily it is confused okay so this is it I'm gonna wait for either if I'm expecting a pullback here if the pullback doesn't happen to the upside I'll be looking for buy opportunities anywhere above this region about here for further upside so this is just my thought process on the euro as always I'll be updating you guys on subsequent trader talks it's trader talk volume 2 yeah this is not the easiest this is not the easiest setups to analyze however we must always come in here and do our thing right so this is euro USD guys in a nutshell we have taken some pips it's time to stand on our hands and allow the market consolidate I'm not I'm not that I cannot force the market needs to guys I'm a responsive trader right I don't I don't pride myself in predicting future like I like to make money period so I put my ego aside and allow the market tell me this is what I'm going to do because if I don't listen to the market properly it will destroy me okay it will destroy me so this is exactly why I pay very close attention to whatever the price is doing so at the moment I'm gonna stand aside on the euro let's go over to gold because gold seems to be running a bit mad at the moment 1855 to the ounce 1855 so the ounce of gold alright so I'm just gonna expand in my screen properly how do I do daily let's go try to do a daily time frame this is a forward time frame I don't like analyzing on the forward time frame let's go over to the monthly whenever we're in doubt we jump over to what the monthly time frame what right whenever we're in doubt we jump over to the monthly time frame great so just back to the monthly time frame again right because we tried to sell gold two weeks ago gold actually stopped me out for maybe plus 30 pips I'd move my stop loss slightly past break even because I just wasn't feeling the way gold was just jumping up down jumping jumping jumping jumping I was just wasn't having it so I moved my stop losses on the telegram group I did announce give me a second I'm drinking water that felt good anyways so on the telegram group I did announce that gold was just because I was expecting as the euro dollar fell I was expecting go to follow suit and just break through but that wasn't happening right so from what I can see ladies and gentlemen these are the key levels for gold so we have to go back to the monthly to try and basically get a clear picture once again this is the overall picture for gold these are the key levels that I've mapped out very nicely and as you can see gold has broken above you know this major key level we have come back broken below it kind of like tested it and we're currently trading back above it okay so what this is signifying to me is gold has well you can call this a higher high but I'm not exactly convinced is a higher high okay to me it looks like a double top because if I draw my my if I put in another resistance at the weak of the candle to the left you can see that this is pretty much a double top so what is actually happening is gold is stuck between two very significant levels of mine gold is stuck between a major level at candle close and gold is also gold is also testing you know a thin line at the highest point of of this week about here so between here and here I would you know this anytime we're trapped in between two levels like this it just it just it just seems well it just screams to me in decision right and whenever we're indecisive I pretty much like to sit on my hands however this is what the monthly time frame is saying so on the monthly time frame we're stuck between two levels so I always come on the monthly time frame to give me an overall picture and I have to be honest with myself so guys just because we have been indecisive doesn't mean I'm never going to trade again or I'm not gonna make any money I'm gonna make a lot of money I've made a lot of money in Forex I'm currently making a lot of money Forex and I'll continue to make a lot of money Forex now however you just need to know when to not trade right so whenever it is you come on the monthly time frame and you're doing your analysis be honest with yourself don't analyze to suit your appetite don't analyze to suit your what your trading appetite analyze to see analyze to be enlightened analyze to be enlightened analyze to see analyze to see and that's what it is right now so between here and here I can see them you know the guy is battling the guy is battling between here and here so I'm gonna escape from my monthly time frame let's try and see what's actually happening on lower time frame so if you go to the weekly just basically see what the weekly saying okay once again the weekly candle came and closed if I just delete this the weekly candle came and has closed right on the major level right there okay and it has reversed significantly this is a reversal candlestick pattern right about here a reversal candlestick pattern right about here on a major level and if you look at it we have a low we have equal highs and this is pretty much a higher high from this one so and however we also have a descending trend line like so so we can look at these two ways we can look at it in such a way whereby okay we are testing the top of the this is this is a descending trend line we're topping here and we want to come lower or we want to blur to the upside initially two weeks ago I had called a completely bearish move on gold however because of how gold has behaved now guys I would have been 100% even more bearish if we're broken here properly but we came in with we failed the market has failed to break this level gold you have failed I'm joking just being dramatic okay gold has just been unable to come and sustain below this level about here and this just breeds a lot of indecision to me right so what am I gonna do in essence let's go over to the daily time frame at this point we're gonna have to wait on good for good because guys good can be quite crazy so the setup was very simple and straightforward I remember calling gold short somewhere about here my target was supposed to be all the way down here this was my first level target and then I had another one somewhere about here okay so expecting us to come and melt all the way down here however the market did give me so I think I was short somewhere inside of here and then the market just you know came down give me some pips give me a lot of pips and then before every time it gave me pips it took it back gave me pips took it back gave me pips took it back so at this point I'll like fuck this shit I just move my stop loss to break even because if there's anything I've learned from the market is when you know the market is struggling like you sell it goes out there's always an issue somewhere and you see that kind of price action movement happening at a very major level you have to be you cannot you have to leave pride aside take the stop loss and move it to break even or slightly pass break even okay do your account a favor right so that's exactly what happened and then low and behold couple of more days later the market came and stopped me off for plus 30 pips right and the market has since running all the way back to the upside not that much I mean what has happened is the market has come to test this descending trend line now we can look at this both ways once again maybe we're coming down in here to come in here to test the collapse I mean two weeks ago when I did the analysis I did mention that go come in here to come and test somewhere around here however at the moment gold is looking very indecisive to me that's just the bottom line we can come down or we can go up so I'm gonna have to wait okay I that direction there's a lot of money to be made okay if gold does break to the upside oh my goodness we're looking at what two thousand and sixty five dollars per ounce okay that is that is definitely at least a thousand two hundred pips to the upside or if we break below I was looking at one six seven three that's probably another eight hundred pips to go so in situations like this what I usually like to do is I just like to be really patient because I don't want to be stupid and then start trying to look for trades that don't exist and then at the end of the day I lose money before it is time to even make money I tell you what happens to most traders right and there's a saying that I always stick by the market can stay irrational longer than you can keep money in your trainer can all does I mean the market can decide not to agree with you longer as in he can decide not to agree with you for a long time he can outlive your trading capital irrational markets can outlive your trading capital so what now happens is when the market eventually decides to agree with you you look at your trading capital you have nothing to execute the trade and then what happens that you start to demo and then obviously now the market is agreeing with you your demoing and then you make some good results on your demo you're like ah well I said it you know you know my strategy was correct you know I'm gonna take some live money and go back into the live market and then you now get back into an area where the market doesn't agree with you so in order to avoid all that rigmarole and trader that emotional trauma that trader rigmarole and just killing yourself for no apparent reason just learn when to just sit on your hands okay Monday Sunday Saturday Friday Saturday Sunday Monday I have gotten so many messages from random people on the internet about them blowing their accounts so many and it just breaks my heart because people are turning to me like what should I do I'm like dude come on man how much is left they're telling me something like maybe one percent of the entire capitalist level I'm like dude what the hell did you do right you know so in situations like this where traders need to learn to just chill you know learn to chill so I just wanted to also use this as a message and guys if you haven't already gotten the forex mastery course I suggest you do so because it will literally guide you and help you you tell you will tell you when you should sit on your hands and when to pull the trigger at this point we don't know it is okay not to know you don't always need to be trading you don't always have to be in and out of the market okay you don't always have to do that okay please take my advice so you are the moment we don't know I'm gonna give it another one week okay give it another one these pairs you're you're my focus is your dollar and gold I'm gonna I they're going to make me very a lot of money this year like I don't I don't go into like every year I know I'm gonna make a lot of money from Forex how do I know is because first of all I know I'm technically skilled and I'm so patient okay I wait for the kill I wait for the sniper entries I wait for those moments I wait for my moments on the charts right so this is what pretty much makes me very successful I know without a doubt the market will eventually it will eventually get tired of being useless and become useful to me anyways guys so that's going in a nutshell so I'm calling gold a 50-50 scenario if we break above here we need to take out these levels once we take this level out green bar next if we collapse lower this bar and then we're gonna come into this level somewhere about here okay so no entries for now I'll keep you guys posted in my subsequent videos no entries for now however these are the two directions in which we can head in for gold however gold hasn't really told me what exactly it wants to do just yet now let me also go to the four-hour timeframe to basically try and see maybe it's lying this thing is probably lying I knew it was gonna be lying on some trend line somewhere about here yes okay so once again I'm gonna need a four-hour close like gold needs to bleed properly for our nice serious you like this it needs to stop down like I see a fire like you know we are cutting through a cat on you may or scissors go through this what I need I need it to calm down like calm down hey we can look at you again but for now we don't know what you want to do you can bounce out of here if I as far as I'm concerned right now gold is a traitor so I'll be looking out for gold I'll be watching to see what happens let me quickly give you guys one analysis on AUD USD AUD USD they are no trade to be taken at the moment however I just want to quickly shed some light on what I feel the pair is doing at the moment not actually a UD is actually GBP USD so I think you can potentially trade GBP USD because I've seen some people trying to analyze GBP USD and they just seem to be getting it all around so before I round this video up pretty nicely GBP USD I just expand this properly the cable I can see very straightforward left middle right triple bottom this market is now pointing to it so have a anytime we have one to a double bottom of triple bottom next thing the market wants to do is start heading to the upside and guess what guys we have a on a monthly time frame let's actually go back to the month let me delete all these things so that you guys can let's analyze this bad boy from scratch right let's analyze this bad boy from scratch scratch from get go my mouse is starting to act up man let's analyze this bad boy from scratch all right cool so go over to monthly let's see on the monthly time frame you can see very well that we have left middle this we have left middle right so this is a triple bottom we have pushed to the upside slight rejection we came down however the market is determined very determined to push the upside right so we have a monthly candle close above key this key region about here you already know forex mastery students you know next level target is going to be here without a doubt however before we get here I did notice something and I need to draw to your attention I remember when I was trading GBP USD very very vividly back in 2018 about here this was a very major level right major guy we tried to break a couple it was just wasn't happening wasn't budget right this was a major guy the market just came in here and stuck here and stuck here again and then came up here so this is a this is a significant level now that being said we have broken this level and we know our next level target is here however we have this guy in between us here so what I feel GBP USD is going to do in the meantime temporarily GBP not even temporarily overall GBP USD is bullish we have broken above we are clear okay don't get me wrong we are indeed clear you know I'm expecting GBP USD to see further upside same thing with the euro as well so the euro I'm expecting further upside GBP USD I'm expecting further upside however we just have some temporary and minor issues at the moment so I'm expecting GBP USD to come into 1.38264 okay this level okay so this is why I'm expecting this pair to come into right about here let's zoom this in so pretty nicely pretty cool I expect it take off anytime any moment from this week GBP USD will ascend into this level about here however once we get here I would expect to see a significant rejection because we're not gonna this level is not gonna give up without a fight once we take out this level is a genuine 1.3500 is on the cards for GBP so we have literally a space of I would say maybe a thousand pips room to trade with so once again I did buy GBP USD somewhere about here at the base somewhere about here some some pips up in profit hopefully we take out this current resistance that is affecting the brain the market the brain of the market at the moment my stop losses have been moved to break even so my entries were very simple I just waited for this rejection of this level a clear case of market manipulation taking out all the stops coming back to close above it and they were pointing to the upside right about here so I entered after this can do close and then I started to see some bullish momentum jumped in on the buy here some some profits I've moved my stop loss to break even the rule forex mastery students you know once we approach the 100% retracement you must always lock in what at least 25% of your profit and most stop losses to break even so that's what I've done so anything GBP USD wants to do from here is business but I feel 80% we're gonna take off to the upside about here I'm gonna be holding my trades till we get here two things are gonna happen is either we pull back and stop me up for break even already bank some profit or we get to my overall target for some serious mola you know so that's about 1.3 3 to 1. so about 220 pips they're about roughly I'm expecting to make on GP USD so guys that's pretty much my analysis today in a nutshell I know I'm unable to give you guys those trade calls that you want to take and go and make a lot of money however this is just a reality on ground this is what the market is trading do not worry and come next week I will be looking at the euro and I'll be looking at gold again to look for potential trading opportunities and of course I'll be giving to you guys here for free alright guys take it easy and I'll catch you guys on my other screen do not oh my god I just hit my mic do not forget to drop me a comment and don't forget to subscribe alright guys let's go back to my other screen alright people there you go I hope you enjoyed today's segment of trader talk this is actually trader talk volume 2 like I said guys I always try and come on here much as possible to basically be asked to basically explain to you guys what I'm looking at in the market to try and be as transparent as possible because it's not always about talk talk talk talk talk talk the forex is another you need to come and actually I feel the need to actually come on here and show you guys how exactly this shit is done now for those of you guys who want to sign up to the forex mastery program the link is gonna be down below is one of the literally it will teach you how to analyze the forex market like the way I do is it's a course that I dedicated my whole life not my whole life but you know I mean like I put in a lot of work guys you get the point alright guys so thank you so much to stay until the very end if you haven't subscribed and sure to do now if you if you haven't subscribed and sure to do so now and if you haven't dropped me a tell me if you found this video helpful in the comments so that I can respond to you guys and if you have any issues just drop me in just tell me what your issue with trading is in the comment and I will come on there and basically come and help you guys out so the comment section is there for you guys let's interact in the comment sections alright guys until next week I'm gonna catch you guys later take it easy and peace out