 Hey there, amazing traders. Welcome to today's volume of Trader Talk. I am back again. I know you guys have missed me. I'm sorry. I've been busy with other shit. And the way that I trade, I like to allow the market kind of like do his thing. Like I like to allow the market kind of like, you know, play around, play around at levels. I'm not the kind of trader who's always going to be stuck in front of their screen. So sometimes I can allow up to a week. This is why some some weeks we don't have Trader Talk because I need to allow the market breathe. You know what I mean? Like I need to allow the market, you know, play around and do what it needs to do. But that being said, I'm back. I think today is volume eight. Wow, eight weeks. Volume eight. Welcome to volume eight of Trader Talk. What I have in front of me right now is the GBPUSD. I'm going to be breaking down this, breaking this down for you guys shortly. For those of you guys who haven't, some people message me on Telegram kind of like thanking me about, you know, all the progress they've made in their trading. I always like to come on here and obviously acknowledge you guys because it's not easy. Trading is can be very daunting. Trading can be very stressful. People lose a lot of money in trading. So to see you guys, especially the Forex Mastery students, yeah, to see you guys take the course and actually see what the course has done for you guys in terms of transforming your trading actually makes me really happy. I'm happy that you guys no longer, you know, see the market for, you know, a get rich quick scheme. I'm happy you guys are able to zoom out now and actually see the market from a higher time frame perspective. I'm just happy that the program that I put together is actually impacting your lives positively. So I want to say a big shout out to you guys. I can't remember all the names on Telegram. I get like five messages every day thanking me, you know, about, you know, all the progress you guys have made, you know, after taking the Forex Mastery course. So I see all of you guys. Congratulations. So people are taking out two, three K in profit. I'm seeing the redraws. Some people have been trading just about a year and because they're taking the program, they're actually starting to see redraws. Some traders have never seen a redraw before they're in their lives. And it's so refreshing to see some of you guys actually take the Forex Mastery course and obviously start making redraws because at the end of the day, I don't care how good of a trader you are. Are you profitable? Profitability is always the determining factor for how good of a trader you are. Okay. So the most important thing is you're making profitable trades and you're taking money out. That's by the way, let's jump into some charts. Yeah. All right, cool. Yes. For those of you guys who want the Forex Mastery program, the link is going to be down below. As always, feel free to knock yourself out, grab the program and transform your trading. So guys, I want to kick today off with I want to kick today off with a GBPUSD. Now, like I said, the reason why I haven't last week, I didn't have a trader talk. The Sunday. So last Sunday, I had a webinar. I didn't really share my screen. It was more of, you know, the psychological approach to trading. You know, the reason why I have stayed away from the charts and try to try as much possible not to show you guys anything on the charts is because the analysis that I did the last time is pretty much still kind of playing out, right? Sometimes the market needs time. Okay. So I'm going to kick things off with GBPUSD. Okay. GBPUSD in front of us right here. So this is GBPUSD's weekly timeframe. And from what we discussed the last time, GBPUSD had formed a triple bottom with pretty much bounce into this region here. This was our overall kind of like our overall take profit area. We had predicted that the market was going to rally all the way from here all the way here, you know, we're able to, well, we didn't buy all the pips all the way to the upside, but we were able to take something. But now we've come into here. What I'm actually seeing on GBPUSD at the moment is this. Yeah. So we've kind of like hit a major resistance level. And as you can see, the market has failed to break. You've actually rode over pretty nicely back to the downside. Now just looking at this, just looking at this right now, the message I'm getting from GBPUSD and especially if I draw my trend lines properly, if I draw my trend lines properly, so the gist I'm really getting from this is we have run into major resistance, we have broken the trend line, we have tested the outer part of this trend line. So this is not as a breakout to retest continuation pattern that is playing out at the moment. And from what I can see forex mastery students, you know, that we trade from zone to zone. At the moment, the next available zone for a bearish movement is here. So what I'm waiting for is pretty much a break of this level. We have been unable to break this level. I remember drawing this line how many weeks since as far back as 26th of March, okay, 25th of March, actually not 28th of March. Yeah. So the market bounds here and was supposed to come. Let me just zoom this in properly. So the idea was breakout to retest bam to the downside. However, we came on here, we just called a bit to the upside. It's possible that the market just wanted to come and fulfill all righteousness by testing the outer part of this trend line properly before eventually rolling over. And guess what guys were now back at the base of this minor support level. Now what I would ideally want to see happen here is a break of this minor support level to the downside and we could see jbpu as he pushed all the way to the downside. Now, how exactly are we going to be entering this market? It's going to be a very clear case of a full four hour candle breakout. I'm obviously going to have to scale now depends on I get a lot of questions like, sir, you only talk about higher timeframes, how do I execute on lower timeframes? Now, execution for me, I have generally be saying this, I think it should be exclusive to forex mastery students. So I'll just give you guys a general peak. So it really depends on how we break out. Okay, if we break out, and then I see the market kind of like chill, for instance, if we have a this is exactly what I'm trying to explain to you. If we have a full breakout like this, and then I see candles fizzle out just a little bit pull back maybe 30 40 pips, not that much. I would need to scale down to a one hour timeframe and kind of like zooming to see the retracement. Because on the four hour, I can't really see the retracement. I'll take it again. If a four hour candle breaks to the downside, yeah. And then I see some maybe two, three, four four hour candles just moving by the side, not really pulling back enough to give me a four hour entry, then I will need to scale to a one hour timeframe to because when you scale lower, you see more candles. So by the time I scale to a one hour timeframe, and I see more candles, I will not be able to draw a more accurate counter trend line for a more precise entry. However, if the four hour candle breaks, and then I can visibly see pullbacks on with, I can visibly see a pullback on a four hour timeframe whereby the candles are actually looking like a proper pullback, then my execution will remain on the four hour timeframe. So this is why I keep telling you guys, entries are quite relative, it all depends on, you know, how the market breaks out what, you know, it all depends on the market condition at the time. So this is one module that I really want to add to the forex mastery course, which I'm eventually going to do before the month runs out. I wanted I really want to have, so there's a module there on entries and exit, but I want to speak about lower timeframe entries and exits, because this is very important as well. Now the reason why I haven't done this is because it is very, very subject to a lot of different variables. Yeah, for me, it depends on how the breakout looks, because being in a hurry to scale down to a lower timeframe to get into a trade might have you getting into a premature trade. So when it comes to scaling to lower timeframe, I'm always very careful. I, I love four hour candle closes. This is my, this is, this is what the way I prefer to get into trades, because if a four hour candle can break out and close, it means that we've had four, one individual, like we have four of the one hour candles, four, four of them have come below here and they have closed, not one one hour candle, not two, not three, four, this represents one four hour candle. So if a four hour candle commits to a particular direction and closes, then I know that one hour, two hours, three hours, four whole one hour candles have closed below a particular level and it gives me more confidence to get into the trade. So, you know, enough about the blabbing. So if I were you guys exactly what I would do, I would wait for a four hour candle closed down here and then I was probably skilled to one hour and look for a pullback trade and I hop into the trade and there's something I was going to add. Now guys, most of you guys come into the market with your own strategy. Yeah, you come into the market with your own strategy and all that. What I always advise you guys to do is when you're done taking the forex mastery program, that strategy you have, don't throw it away just yet. Okay, don't throw it away just yet. All you need to do is use the what you learned from the forex mastery program to predict the directions properly and you're free to use whatever strategy you are using before to enter that market because most of the strategies you guys have are based on lower time frame movements. Simple. GBP USD is looking bearish for our candle on a higher time frame has closed and come back down before our candle has come here and has closed. All you need to do is you can scale to a lower time frame and then use that strategy that you are using. However, you should only be using for looking forward selling opportunities. This is exactly how you merge market analysis and trade execution. Okay. So yeah, guys, but rule number one, you must first of all know where the hell the market is going because if you don't know where the market is going, sorry for you. So it's exactly where the forex mastery program comes into play because he shows you the proper direction of the market and whatever strategy as long as the strategy is it doesn't even need to be the best strategy. Okay. All you need to do is wait for your strategy to trigger a cell trade and then just execute the cell trade in accordance with what higher time frame directions higher time frame procedures. Okay. So guys, this is pretty much my analysis and gbps. Yeah, I know I have ranted a lot just on one pair. But this is pretty much it just by looking at it. It just looks like a step. Just look at it. Just look at it guys. Just look at it. Just have a look forex mastery students you already know to me this looks like if we form a base here, however, if we form a base here, we would most likely run up to the upside. So it's, you know, the market is kind of like a bit here neither here nor there. But that's fine. I'm personally favoring the downside because I feel the dollar is going to strengthen pretty in the we're going to have dollar strength pretty soon. Right. So I don't think there's any major Fibonacci to be joining. So I'm expecting a break up here. So like I keep telling you guys trading is a game of probabilities. What are the probabilities that GBP USD will fall to the downside about 80%. What are the probabilities that is going to go to the upside about 20%. So if the probabilities are 80% that GBP USD is going to come down, I would want to focus more on the downside movement. So I'll prepare myself for selling opportunities. However, if the 20% is the case, I wouldn't really be looking to get into the trade. Okay. And the reason why I work in terms of probabilities is you can never even the best because even the best trader can never be 100% certain cause the market is erratic. It's millions of people with millions of ideologies with a lot of money, different perspectives trading the market at the same time. It's a lot of things to factor in. Right. So all we can do is based on our technical analysis, we can only estimate this is what I feel is going to happen based on, sorry guys, based on what has happened in the past historical price action and based on our technical analysis, we can, we can say that okay, 80% is to the downside and 20% to the upside. So we can rally to the upside. I don't think so. I'm really waiting for a break of this level and I would personally be getting short. So this is GBP USD guys in a nutshell. Not a lot has happened since the last time. This level was drawn, like I said, as far back as what the 26th of March, the market hasn't come. I said to you guys, before this market is going to come here, we need to break here. So I'm going to wait. I'm going to wait. You will, you have to come and break this level. Right. Guys in Dubai, we have funny things flying up and down the place. You think you're in Nigeria crazy, man. All right, guys. So, you know, I'm just all I'm all I'm doing is I'm waiting for a break of here, you know, to see some further pushed the downside, you know, so the guys in Forex Martial Students, you know, the market moves from zone to zone. So I'm waiting for this market to collapse all the way down to the zone. Now over to AUD USD, a very similar scenario is actually playing out on AUD USD. I've done this analysis two weeks ago. Not a lot has happened. This is a daily timeframe. If I count these candles very well, they should probably be up to 1412, three, four, five, six, seven, eight, nine, 10, 11, 12, 30, 14, 15, 16. So the market was training somewhere around there. So about 14 candles, which represents slightly over two weeks. Okay. So what is happening is the market is pretty much moving sideways. Okay. Not a lot has happened. Now, guys, you see this sideways movement, just look at this. Now, because most of you guys are watching this at Forex Martial Students, or you watch my YouTube content, you consume my videos, you guys can see the bigger picture. This is the bigger picture, right? AUD USD has touched this level. If we break it, we're going to come here. But guys, a lot of people cannot see this. You see this, this is two weeks worth of consolidation. I'm going to take you guys to the one hour timeframe to show you guys what exactly it looks like. Okay, let me actually, let me market properly. Okay, I'm going to put a proper market here. So I'm just going to use this to highlight this level so we can don't scroll too back to too much. Come to one hour timeframe. So over the last two weeks, this is exactly what AUD USD has been looking like on a one hour timeframe. So what would have most likely happened is to most traders is they would have been trying to pick tops and pick bottoms and trying to, so this is where their strategy usually fails them. Okay, because for those of us who have a bird's eye view, we can see that it's nothing but a minor consolidation. But for people that are too zoomed into the market, this is exactly what they can see. They would have traded between six to seven times over the last seven weeks with no result. Why? Because this market is absolutely ranging. It goes up, it comes down, you think it's going up, it comes down, you sell, it goes back up, if you think it's going up, it's coming down. This is absolutely madness. Whereas people like you and I, okay, Forex Mastery students, the smart money traders we have stood on, we've pretty much left the market alone. Why? Because we can see from a higher timeframe perspective, a lot of accounts have gotten blown in the last two weeks. I know I can see it. People message me and tell me, Oh my God, these are like guys, why are you trading? Why should you be trading? Just look at the daily timeframe. What does the daily timeframe look like? The daily nothing is happening. Nothing is happening for me. I was chilling. I've been chilling. This thing has just been doing not this is nothing. The market is doing nothing. People are getting the accounts blown while the market is doing nothing. Isn't that crazy? And then eventually, when AUD USD wants to break down below here to drop from here to here or from here to here, you have no money left in your account. So these are the little things that, you know, a lot of traders fail to realize. Anyways, enough of the talk, talk, talk, talk, talk, talk. What do I think about AUD USD 80% of the downside, I'm waiting for a break. I said this two, two, two trader talk episodes ago, I'm waiting for a break down here. And then I'm going to see what we should expect some further downside, you know, to this yellow zone somewhere around here. So it's pretty cool, pretty interesting. I'm just going to be chilling. Right now, the market is in doing much so 80% to the downside 20% to the upside. If I see a bullish engulfing candle to the upside, this pretty much means that this whole thing is invalidated. However, guys, I can see a big head and shoulder forming. Okay, left shoulder head, this left shoulder, right shoulder head, this is the neckline higher timeframe. If we see a market forex mastery students, you know, if we see a chart pattern formed on a high timeframe like this, be rest assured that this most likely going to play out. All I'm doing is I'm waiting for a break of this level to the downside class done. And guys, how many pips is this five. So probably about it's not a lot of pips ad us it doesn't really the PIP count on ad us the isn't really that much. Maybe you might need to increase your risk a little bit. So same scenario with GBP USD, a break candle close here, we're expecting for the downside. So 80% to the downside for now, I have nothing to do with this market. I'm chilling and spending time with my ecommerce business. The other things I have to run I have, you know, Willis University is there, I have staff giving me headache all the time, you know, I have different things to do. All these things distract me. Two weeks, you know, two weeks, I'm doing other stuff while the market is consolidating. Okay, and then when it's eventually ready, it's time to go. But for now, the market is not ready to go. So guys, getting a distraction away from Forex is always very, very ideal. Do not worry. My next webinar is going to be about e comments how to kickstart your online business. My team and I are currently working on that Margaret is currently working on a schedule for that event. A separate or rather an additional online business that can distract you from trading, and you get to make money doing both of them. So don't worry, I'm working on that as well. Anyways, ad us in a nutshell, very simple. Once we get a break of 0.75730. Next level target is going to be here. I'm going to round up with a euro. Now just looking at the euro, the euro is a bit crazy. Now, I was expecting that you guys know we're expecting the euro to rally all the way to the upside that did not happen. We've come back down here. We're expecting the euro to drop here. It gets in the middle somewhere around here. Actually, there should be a black line. This is a black line. There should be a black line. So the euro has come into this black line and has jumped all the way back to the upside. Now, there's a rule in trading. Okay, what if we're above this is support level, right above this is support. So with Brooklyn back down below support, this support becomes resistant. So now we're pretty much beneath this resistance level. What is now support has now turned resistant. So it's so the euro has come jumped back up to test this level. Now what will happen from here? I can't really say for certain. However, I feel that the euro is going to tumble for some more paper to the downside. This is what I feel. Okay, because I just feel so that there isn't really much technical to back it up at the moment. Let me see what the monthly timeframe is saying. Yes, I feel we're going to collapse some more because this is a bearish engulfing monthly candle. I don't see this euro rejecting all the way to the upside. At least we must come and test this blue zone somewhere around here. You know, so I'm just going to be waiting on the euro to do his thing or we can blow out to the upside. I can't really say for certain it's going to take at least another three to four weeks for the euro to decide what exactly wants to do. So he's going to come here, marry this level, come here, probably give us a rejection to the downside. And then we can now eventually see what the euro wants to do. So not much from the euro. JP USD looking for sales, AUD USD looking for sales. Euro not much. Let's head over to gold. Now for gold, I was short. I was short gold. Now guys, this is one very quick trade or talk. The reason I'm making it very quick is because there isn't really much to talk about the market is still kind of like doing this thing. We were short gold from here. If you can check my previous trade or talk, I, you know, record short gold from somewhere around here. Our overall targets were down here. Okay. So this should be a lesson to you guys. If you project so far with like Forex mastery students, when you project so far. Okay. I want you guys to always understand that your 2000 pips will not always play out. Why? Because sometimes the market is not just ready to give it up. That's just the truth. So in that case, what do you do? Whenever it is you get into a trade like I've done for gold here, I kept on screaming, I must take out 50% of my position at the 100% retracement. And that's exactly what happened. I took out my trade here, 50% of it. I moved my stop loss from here to break even. And as you can see the market has jumped back over to the upside stopped. I'm taking some money out to stop me out for break even. Just imagine if I didn't do that, I would have been in all this profit. And now that I would have been in all this loss. Okay. So it's a very simple and straightforward situation, right? This setup was nice. No matter how little your first level target is always bank that profit. This is what is actually some of you guys at your technicals are actually quite on point. But your trade management skills is just horrible because greed now comes into play. Okay. Obviously, let's say for instance, you had two lots open and the market was here, you're thinking to yourself, but if I just hold this thing for if I hold these two lots all the way down here, I can make like 20k. And then at the end of the day, you start to see bullish engulfing candle and your gains are gone. And then now you're now holding on for dear life. Now you're even begging the market to please even come to your entry so that you can close out for break even shouldn't be the case. Whenever the mark, whatever once the market gives you a significant amount of gains, you should never give it back. Lock in something lock in something. So that's what's happening in the case of gold, we bounce back to the upside. But what is the future for gold? Now, I'm going to quickly take you guys to the monthly timeframe to see very simple and very straightforward analysis on gold at the moment. I'm just gonna alas, let me quickly break it down for one more time for you guys for those of you guys who are currently battling with gold at the moment. Now gold still pretty much remains the same for me. So if I plot my key level very nicely here, very, you know, done properly. From what I can see on a monthly timeframe, which is the highest timeframe, I can see a double top. Okay, I can see a double top, a very clear chart, I can see a double top forex mastery students, you know, that we go from zone to what zone, we've touched this zone, where is the next zone, the bottom is the next zone somewhere around here. How do we know we just need to look left? Okay, so looking at gold at the moment, I can see that the next level target is going to be down here, because of this double top. Now if I scale down to a lower timeframe, like a daily timeframe, now I remember when we when we when we attempted to sell gold somewhere inside of here, we always said to ourselves that our first level target was going to be in a sec. Our first level target was going to be what here? Yes. Correct. So what has happened is gold has actually come into this minor support level. This is exactly why gold has been unable to head lower so far. And also I noticed that there is a trend line holding gold intact at the moment. I'll just draw the trend line. And I'll explain to you what I feel is happening with gold, give me a sec guys. So you see this gold trend line is a bit dicey. So let's come to the daily I want to be able to see the weeks of the candle properly. All right, we've got new weeks properly. So as you can see gold has there's some bullish confluence happening on gold at the moment. Okay, the bullish confluence I have minor support and I have trend line running across on gold. So this is exactly what is stopping gold from heading lower. So from in the nutshell, monthly is telling us reversal sell bearish down daily is telling us it has hit support minor support. So highest timeframe is telling me bearish daily timeframe is telling me bullish. Now once there's a conflict between my market analysis timeframe and my trade execution timeframe what I got there what is flying what I do is I sit on my hands I chill guys my monthly and my daily need to align before I can have a strong conviction about any trade right now the daily timeframe is this this guy is holding this market now. So what do I feel will happen honestly like within my heart of heart my heart my heart or do I feel is going to happen let's see something. So what I honestly feel is going to happen this bad boy is going to fall two things can happen we can if we move sideways or we can come here okay now which do I favor is the question to be honest I favor the downside because if I look at this monthly candles in monthly candles are looking bad they are bad boys monthly candles are looking bad they're looking bad they're looking very bad they're looking very bad they're looking very bad monthly candles are bad boys you know they're looking bad monthly candles are looking bad honestly they're looking quite right so I'm just going to be watching gold at this level okay we probably play around here maybe a fake out to the upside I feel I feel gold is going to drop I don't have I won't say 80 percent I won't say 80 percent to the downside because one thing I know about this market is anytime we get very we get this close to a trend line the market always was trying at man and then jump to the upside so what I'm going to do is this this is what I like to see in situations like this let me get let me give you guys a little expo I like to see a fake out I like to see a fake out let the market try and run this area I like to see a fake out you know to induce buyers and then drop down here close down below here that would be great for a good sale personally I like to always enter the market after a stop loss run after a market major market manipulation has happened why because this this confirms my bias that we are not interested in going up we actually want to come down this confirms my bias that the market makers are actually looking at the same thing that I'm looking at this also confirms my bias that I am in the same school of thought as the people who actually move in the market so gold touch this area pretty nicely probably a fake out some around here and then if for our candle close somewhere down here I'll be good to go sweet all the way to the downside but for now I'm just going to be watching gold you get all these parents probably need another week if I'm going to be honest still it's Tuesday Wednesday Thursday Friday by this time next week maybe we should be looking at some execution but for now the market is just kind of like just trying to find his feet guys you have to understand that this market needs to fulfill setting technical levels before it eventually heads in this direction it needs to fulfill the gold bouncing off from here to touch here is not by is not by accident it knows exactly what it's doing it wants to fulfill certain levels so we as traders need to allow the market fulfill those setting levels before we start clicking any goddamn buttons so ladies and gentlemen thank you so much for staying till the very end AUDU let me just quickly recap everything AUDUSD break of this level for our candle close so 80% to the downside 20% to the upside GBP USD waiting for a break of this level 80% to the downside 20% to the upside the euro needs to come and marry this area properly maybe I could start to see some some more pressure to the downside that would be great I don't have a bias for euro at the moment because it's quite confusing it's no problem with being confused about the charts and then gold gold gold gold gold gold gold gold gold gold and then guys one thing I want you guys to kind of like understand is um let me also draw this if I draw this trend line out here this gives me another bias email say guys need to look at this properly yes so this what this is what might occur so if I draw my trend line very close and then if I draw another trend line here cool so and if I actually move the black line to touch the wicks of this candle this is what we're actually looking like so um I won't be surprised if gold actually tries to push a bit higher to fulfill all righteousness of maybe this trend line somewhere around here before eventually collapsing to the downside actually I'm going to delete this in that trend line let's see let's see a bit more clearly okay so gold for me isn't really no no it's not giving me the there's no trigger to click the cell just yet I'm no longer in this trade anymore it's giving me a little something to add to my account so I'm just going to be watching gold like I said most of these things take me at least another week for them to normalize and all that anything in between you on your own trading lower timeframes I can really say you know what's going to happen to you guys but this is exactly how I like to trade this is exactly how I know how to trade and this methodology has made me a lot of money in the past now guys before I run off for those of you guys who want the forex mastery program the link is going to be down below do yourself a favor and grab a copy and then you can be analyzing just like this in exactly 20 minutes you should be done with your analysis yeah so the forex traders go and spend time with your family the market is not ready to come into is not ready to give you any ginger it's not ready to give you any trades at the moment so I'm just going to be watching I'm going to delete this line as well I just have a clear chart and I'm just going to be I always like to have everything clear just be watching I don't like to have too many levels and stuff like that so just come on AUD USD what is happening you can't see everything it's pretty clear not too much no indicators no none of that enough that I just clean clean clean boy all right guys listen gentlemen thank you for staying till the very end I love you guys very much take it easy and peace out