 how's it going forex traders welcome back to my youtube channel my name is dapo willis and guys today is another episode of trader talk a very long anticipated episode it's been a minute i know i'm sorry but i'm back now now if you're just joining me for the first time once again my name is dapo willis and trader talk is basically a segment of my youtube channel where i come to practice what i preach most traders don't do that by the way so i come on here and i use all the teachings that i teach on my youtube channel from top-down analysis to how to use your feminachi properly how to use your trend lines i put together all the things you know about trading i simplified and i use it to analyze the market project the market so that we can ultimately what makes money and makes to put some damn money in our pockets right make redraw so the essence of trader talk is to what analyze the markets look for entries and potential exit points and ultimately redraw so redraw money so that we can put money in our pockets so guys before i jump into my screen i'd like to first of all apologize for being away from trader talks being away from the charts for so long the reason this happened is because i mean we had a couple of uh i think adu st was my pair of preference we were expecting it to drop massively however the market just kept on pulling back and pulling back it will drop your pullback now i didn't want to keep coming on here to keep telling you guys about adu st because not a lot of people can still mac um don't know people can be in the trade for as long as i can not because i have more money it's just because of my the way my brain is is set up if i see a trade and i'm very sure about what the trade is going to do i can be in that trade for as long as it takes for the market to go in my favor but a lot of people cannot really do that so i just didn't want to distract people i wanted to stay away from the youtube for a bit and literally just focus on holding on to my adu st trades which have which i've been holding on for the longest which i'm going to show you guys right about now so i'm going to jump into my screen but before i do that i want to say big shout out to all the forex mastery students i've missed you guys i love you guys very much and i'm here i'll never leave you guys i'm always here before you guys if you've bought the forex mastery program best believe that dapper willis will always come on here to hold your hand and show you what exactly is going to happen next sometimes it is necessary for you to take some time away from the chart so that you can come back refreshed now if you're one of those traders who have taken some time off the charts to do other things before you jump into the market i advise that you go over the forex mastery program again now what this will help you do is it would remind you as to how exactly the top down analysis works what this will actually do for you it is it will make you sharp all over again yes so before i jump before i'm about rather before today before i'm obviously about to do this analysis what i did was i went over all my previous trades most of them were winners anyways went over them went over the forex mastery program looked at everything again and i feel very very sharp just looking at the charts i know exactly what the market is going to do next now for those of you who haven't grabbed the forex mastery program and are looking for the best approach to the forex market you're looking for something to guide you once again the link to the forex mastery program will be in the description or around here somewhere it's very inexpensive it's just $99 do yourself a favor grab it so that you can look at the market just like how i do and ultimately make a lot of money so without any further ado i have some juicy technical stuff that i want to share with you guys do not go anywhere sit down right there and let's jump into the screen let's go welcome welcome welcome traders welcome inside of my screen um obviously guys you know the drill before i jump into my charts and show you guys all these juicy setups and how to make money the coming weeks you need to deal me one favor actually you need to do yourself one favor right there which is to smash the subscribe button so that you don't miss out on a fantastic uh analysis like this that could potentially make you a lot of money in the forex market so i'm going to give you five seconds to do that so you got five smash the subscribe button four three two one subscribe right there right there right there all right guys let's jump into the video let's go now what i'm obviously you guys know my favorite Paris AUD USD at the moment um so i'm going to kick things off with AUD USD now once again i'd like to apologize like i said in the intro of the video i'd like to honestly apologize for not giving you guys as much trader talk videos as you guys would like to have the reason why i wasn't producing as much trader talk videos is because i wanted to allow the market breathe i noticed that we had clear directions however the market kept on jumping back so for every time we tried to jump into AUD USD the market kept on pulling back just when we thought we were clear to the downside the market would just jump back and stuff like that so i noticed that the market just wasn't ready sometimes the market just isn't ready probably wants to go fulfill some technical levels and i'll show you guys in the charts very soon sometimes you just want to go fulfill some technical levels and you just need to allow it be because if you keep standing in the way of the market it will keep hitting your stop losses now i have some previous trades that i placed on AUD USD some really early entries which are still floating at the moment they're still open so technically still making money from AUD USD however some of the trades that i placed inside of the range which i'm going to be showing you guys pretty shortly got stopped out which is probably my first loss in for the year probably my first loss in a long time and it's one of those things at the end of the day if the market just isn't ready you have to cut your losses short and then move on so that's exactly what we did so we closed some of the trades out before it actually stopped us out because i noticed that this market just wasn't interested in falling at the time but we kept our earlier trades open so before i jump into the lower timeframes to show you guys actually let me just show you guys what i was talking about in terms of entries and exit and all that all of that jazz right so i'll just quickly go over to my daily time frame so that we can have a look to see what exactly is happening so you guys all know that the idea behind AUD USD was for us to roll over to the downside which is 0.1920 and once again guys it's very important for me to come on here and show you guys when good things go great and when things don't go so great this is very important because it helps you guys form a better better knowledge base in terms of the fact that if things are not going well it's important to know why exactly they go well so that if you're ever confronted with a situation like this you know how best to handle it you know i mean there's no point trying to act like everything is all rosy when everything is in rosy this is the as far as i'm concerned you learn more from when things don't go well than when things actually go well but not to worry i'll show you guys some more trading opportunities jump into the charts there's always a lot of money to be made in the market that's what i like the forex market we have so many opportunities which i'm going to be sharing with you guys but obviously i need to explain to you guys what happened with AUD USD and so that we can move on now obviously we my early entries were somewhere at the top here obviously once we had this push up and then brick of counter trend line which was here which was here so my my entries my first entries were somewhere about here i just want to zoom this in right about here so my early entries were somewhere around here and then we started for you guys know how i like to trade and then we started to pull back jump into another entry expecting the market to roll over to the downside as you can see several attempts several attempts at the downside and just when we thought we had cleared this range right about here you know cleared to the downside and then it was it was a no brainer was supposed to come on the downside the markets had to jump all the way to the upside again and then obviously running all the way to the upside and stopped out my trades that were inside of the range however still kept the other ones open as we speak now like i said the reason why i wasn't constantly updating you guys is because of how long it took for this trade to actually break out and for this trade to actually go in our direction took a very long time and not a lot of traders have the ability to stomach being in a trade for such a long time and then it doesn't play out a lot of traders tend to get scared they tend to run away so i didn't want to instill any fear in anybody i just wanted you guys to carry on doing what you're doing i was going to hold on to my trades and i was going to stick to my rules and i didn't want to carry you guys on the journey whereby you know at the end of the day you guys be like oh i wish i'd done this and i wish i'd done that so i wanted you guys to hopefully take some time out of the market to see what exactly was happening from a bigger picture time frame to see what exactly was going on you know and most importantly i needed to allow AUDUS to give me a clear direction so what i did was we closed out our trades that were inside just around here just before we stop losses closed out the trade and then allow the market do what exactly you wanted to do now from what i can see moving on so i have some trades open at the at the early stage about here so from what i can see from actually we have to go to a higher time frame to see what exactly is happening so i want to give you guys a little tip here yeah so if you for for any reason you're on a particular time frame and the market just seems to be moving sideways you don't really understand what exactly is going on it is always advisable for you to scale to the higher time frame to see what exactly is going on just so that you can have a better perspective of what exactly is happening so on AUDUSD i can still see clearly that this market is very bearish we're still trading below this trend line as you can see very very clearly trading below this trend line so it's very possible that AUDUSD wanted was just not ready to drop right it just wasn't ready to drop sometimes that happens right so um but i noticed something which is very interesting if you notice with all the push-ups push-ups even when we come and try and break this yellow bar we always come and close down back below it we try and always come and close that back down below this level this level is actually a supply region now you guys know the way i like to trade very simple and straightforward as long as we are below this supply region okay and another reason why AUDUSD wasn't able to fall the way it should have dropped is because the euro became bullish you guys know that euro is the euro is inverse to the dollar index right so the dollar index was falling the euro was gaining strength so because of the fact that the dollar wasn't strengthening AUDUSD obviously was not able we didn't have enough dollar strength to pull this guy down that's just what it was we didn't have enough dollar strength to pull this guy down every time we tried to come down from Aussie weakness there wasn't just enough dollar strength to carry up to the upside instead we started to see dollar weakness and then AUDUSD was just gaining strength so it was an absolute mess it was just a i mean the dollar was just messing up pretty much and that's exactly why we couldn't drop however in as much as that was happening i also noticed that AUDUSD was unable to breach this level about here now here is a lesson in all of this you see anytime i plot my levels i'd never like to remove them i always like to keep them because it serves as a reference point for example look at this for every time we try to break here we're not able to break it what this means is this guy is still holding strong just because we haven't come lower yet doesn't mean we're not going to come lower eventually because if this market wanted to head higher would have taken out this level a long time ago so for me this is a reference point and for the fact that we have tried and tried to trade above it and it's not happening i am still of the strong belief that eventually this market is definitely going to uh this market is definitely going to roll over where's my i have one tool that i like to use these days hold on guys where's my bloody tool hold on guys uh come on i can't find it oh yeah i found it okay just because we have not collapsed to the downside doesn't mean that AUDUS is not going to do that in the future at the moment the market just needs some more momentum to the downside now once again the reason i say this is because of this yellow bar and if you come on the daily timeframe you will notice something similar as well okay hold on should not adjust this you will notice something similar as well look at all the times we've tested it even when we came to break it we still came and closed back down below it came back here we tested it again and we're currently testing it again ladies and gentlemen as long as we sustain below this yellow bar i see no reason why we shouldn't come lower but as we speak AUDUS needs to figure itself out i will be watching this pair very closely maybe for a break of this counter trend line to the downside and then obviously you know first level targets must always come at the base of this level which is somewhere around here actually i moved it up a bit just in case you want to form a right shoulder which is here so break of this counter trend line we should see this green bar and if we break this green bar we should be heading all the way to the downside i see no reason why that shouldn't happen however if we break this yellow bar then we'll have to do a whole new analysis for AUDUS but as we speak from what price action is indicating from what the technical is saying to me as long as we sustain below this yellow bar we are looking to the downside so that's AUDUS the nutshell not much to say about this my first early trades are still open from this i'm still holding on to it and then obviously we'll see how things go so that's it for AUDUSD let's jump over to the euro just to see what's happening in the euro now the euro is the main catalyst for why the pairs that were anticipating to jump to drop to the downside did not happen the euro was strengthening out of the blues most people didn't know why i figured it out why exactly were we strengthening so it's a very simple equation right we collapse all the way to the downside we actually collapse just past parity now for those of you guys who do not know what parity is parity is basically um parity is basically when the market drops into 1.00 so meaning that the euro is equal to the dollar so we did drop into parity we made a lot of money from here so much money so so so much money and then obviously we came into parity we broke below it just because we wanted to test this level right about here and as you can see we pinned it just really nicely and we started to jump all the way to the upside now ideally this is a downtrend this is a pullback and we should start dropping back to the downside however um the market had broken back into this range had broken back into this range not only did we break back into this range we tested the base of this range and we started pointing to the upside and once that happened i knew that uh euro USD was bullish now just because euro USD was bullish if euro USD is bullish you'll take AUD USD with it you'll take GBP USD with you take any dollar base pair with it because why the euro dollar is what the opposite of the dollar index so if the euro dollar is getting strength the dollar index is weakening and if the dollar is weakening GBP USD will go up AUD USD will go up euro USD will go up and so on and so forth and the USD will go up so just because that's why i keep telling people that if you can get your analysis right on the euro USD or the dollar index most other pairs are most likely going to what a falling line now we have the euro in front of what so what exactly is next for the euro what do i think is going to happen to the euro so if i just zoom out pretty nicely just to see what exactly is going on with euro i'm just going to try and throw some trend lines on the higher time frame just to see what exactly is going on now as you can see as you can see very clearly we have broken out of so we so we were underneath this trend line we were above it then we came back below it trading below it once we were below it the market was bearish we're expecting actually i was expecting us to pull back into this trend line and drop however the market wasn't having it so look closely guys we have broken above this trend line we have tested this is a tweezer bottom monthly time frame tweezer bottom don't play with it don't play with it don't play with it don't play with it don't play with it okay sphere input like a serious guy tweezer bottom at a major support level bouncing off of this trend line so this is literally a breakout retest continuation to the upside so this exactly why the euro is bullish as we speak now the question is how bullish is the euro going to go because technically we have a high lower low we have a high we have a low this is a lower high from here and this is a clear lower low from here so technically overall on the monthly time frame was still bearish however we are we are medium term we are bullish so medium term how far is the euro going to climb how high is the euro going to climb and how can we potentially take make make money from the euro climbing high obviously medium term so once again in order for us to deduce what exactly is happening we have to throw in some trend lines as we speak this is a new touch this is a new point of the trend line actually if I want to do this the right way you have to join the dots and then wherever wherever we come from we come from wherever we come from right so from what I can see the outer trend line so this is the inner trend line which has been broken so this is the new trend line that is currently in play for the euro dollar right so I mean we have so much space to the upside so ideally I would expect the euro to rally into somewhere about here so 1.1455 will be an ideal area for the euro to rally into now this is from a monthly time frame perspective I would need to come down to a weekly time frame to adjust this levels properly now as you can see from a weekly time frame perspective you see what I like to trade on obviously doom and understand higher time because everything just lines up this guy is a major resistant best believe I just identified it on the monthly and you can see on the weekly everything lines up pretty nicely now the reason I say this is a very key level is I was trading this market back in 2015 and I know how many times we try to buy for it to breach this level every time just kept on coming down we came out all finally you go up it wasn't happening so I remember this level very well so best believe it is a strong level right so as we speak the euro is currently trading below it so obviously this is this this temporarily for a temporary trend this market is made a high high this market has made a high a low a higher high a higher low and it's about to make obviously it's made a high high so right now the euro is bullish so it's doing all the it's it's possessing all the characteristics of an uptrend now like we said how high is the euro going to go so my first level target for the euro will be 1.1455 that's really cool and interesting if I come to the daily time frame to see where we can see some potential pullbacks into I would just take out this my yellow zone right back here I'm just trying to anticipate where I feel we can come into at worst case we would deep into this demand zone somewhere around here if I take my trend lines and I draw them correctly this is this market is lining up somewhere around here although this market is quite linear I'm not going to use this trend line as a basis for anything so we're currently trading above here this market is not just going to jump off from here why why do I say so because you want to look at all the previous swings they're quite big they're quite big so it might come in for a quite big one before we carry all the way to the upside once again history always leaves clues so I'll be expecting a bigger pullback by coming to the far right time frame just to see what exactly is happening just trying to play around on the lower time frame just to see how potentially we can jump into this I will need the euro to pull back a bit more although this yellow bar seems to be looking pretty decent but I don't think this is a strong enough demand zone I feel like this is the better demand zone so I'll be watching the euro for some potential movement to the downside before we can start picking it up to the upside so either way I am bullish on the euro all the way up to 1.1455 you heard it here first on Dapsey radio you had it here first on Dapsey radio guys sorry guys I'm a bit intense today because you know I'm just looking at the charts serious business here money is on the line so you know you got to make money bro you got to make some money man anyway so yeah I'm expecting the euro to pull back a bit further into things just so that we can have a clear base because the last thing you want to do is start buying prematurely and then the market is still in retracement mode so that's it for the US in a nutshell nothing really ready to go obviously you're still going to see people on instagram trying to buy and sell they don't really know what they're doing at the end of the day because the market doesn't really have it's not ready to roll yet if you want to sell you're not 100% sure it might come here if you start selling start going up stop loss if you start buying and it starts coming down stop loss so you need to allow the market tell you when it is ready so it needs to form a proper base either at this level or at this level before I will be interested so we've covered AUD USD okay still bearish on this and the reason why AUD USD might not fall immediately like I said guys the euro is still looking to the upside so it will take a very very weak Aussie dollar rather yeah yeah it will take a very weak Aussie dollar with Aussie dollar to see this drop off so you might play around in this range for quite a bit quite a bit quite a bit so let me just put this here so that you guys can see so we'll play around here for quite a bit probably come now but I'd like to see us bleed down once we start to bleed down our look for potential entries right about here so guys that's the euro as you can see on the weekly time frame it's very straightforward very smooth very nice I see no reason why come down a bit it doesn't necessarily need to come and touch the base here but I would like to see at least a week around here at least fulfill this demand zone because this is actually a demand zone this market started to rally from the to the upside from here so I'll be expecting a pullback from the euro before we head to the upside and then GBP USD same thing as the euro same thing we were expecting us to collapse from here down collapse from here down however the market had other plans instead it came out from the base here and started to head all the way to the upside what do I think is going to happen for GBP USD next next level target 1.3 to 1.3 8 1.3 to 8 8 1 why if you look left simple straightforward this level is a key level guys you know I know this level is a key level this candle is brexit I was trading on this day I was trading flowing Canary Wharf I was in London at the time 2016 summer came here held held bam when we came out struggle struggled even when we broke it tested it came up here once we came back below it it wasn't one touch two touch three touch four touch five touch on top of it six touch seven touch definitely guy after it's going to respect here so if you're bullish on GBP USD be careful around this region if you want to jump in it's not too late to jump in you just need to find a potential pullback region for you guys to jump in I'm gonna have I have this one right about here because I feel like this is probably a better demand zone if I come on a weekly time frame just to see where this candle took off from yeah so we have a bullish engulfing candle that took off from here so ideally I would expect to see GBP USD pull into 1.2657 once we can pull into here I see no reason why we shouldn't push to the upside and that should definitely be in line with this trend line if I'm not mistaken correct so we'll have a nice willy zone setup about here for GBP USD actually out of everything I feel like GBP USD is the pair that are most likely being trusted in at the moment we're still hanging on here why because of this little playing games right about here okay for our time frame let's have a look so we'll see but I'll be more interested in GBP USD because I feel like here is a bit too the retracement isn't significant enough to be honest I would like to see us roll over a bit or at least form a double base here at least coming to here before start looking for buy opportunities so at the moment what's actually happening across board is the market is coming into key region so that we can have potential trading opportunities before we let before we fire you guys know me I only like to go for the very very best trades because once I touch it I'm not just going for small 5% 10% I'm going for 30% return on investment I'm going for minimum of 400 pips 500 pips I want the very best straight only and last but not the least the S&P 500 juicy at the moment I can foresee the American stock market forming brand new highs so you had it here first on Dapsey radio the American stock market will be hitting new highs brand new highs fresh highs all-time highs very soon I remember doing this prediction a long time ago but the market was taking forever to do whatever I wanted to do so I see no reason why S&P 500 should not rally into 6200 yeah so what's going to happen is I'm going to expect rather I'm going to watch out for a break of this level about here S&P 500 loves the Fibonacci play excuse me it loves the Fibonacci play loves it what's this I need my bloody Fibonacci bro as you can see simple a b c d leg will probably complete somewhere around here so somewhere in the middle so it's 50% so if we can take out 4815 basis points on the S&P 500 next level target will be 5440 and then after that 6000 6000 take a long time to get there but at the moment what are the trading opportunities how can we take advantage of this so the S&P 500 was a very easy one as you can see we just came came down came down came down came down formed a base and then we came and formed a left obviously so the left shoulder from the right shoulder and then we just started to make our way to the upside from then okay so S&P 500 I see no reason why we shouldn't come into 4815 and if I come to the daily time frame we're approaching some form of resistance which is here but I see no reason why we shouldn't take it out if I come on the four hour time frame um yep give me a second give me so you see that I don't really like treating this S&P 500 because the the waves are ugly the waves are ugly it's so ugly and it makes it so difficult for um traders to obviously pinpoint where the retracement is going to be so what I like to do in situations like this is I just like to watch just to see so this was where the breakout started from I would just be monitoring this for a potential pullback so if you want to understand how a pullback might potentially form look at how pullbacks have performed before in the past this is exactly what they look like they're not too big just come back for a bit so yeah I'll be looking for a pullback that looks exactly like this somewhere around here so that we can push all the way to the upside to 4515 and if we break that we have all the way to the upside so um yeah S&P 500 I have no doubt in my mind um except we have some obviously macroeconomic issues factors in the US obviously this is based on the US stock market so yeah that's pretty much it so once again guys uh just a quick recap AUD USD I'm still looking still holding um I'm still you know hopeful that we do get a push to the downside um I'm judging everything based on price action and technical analysis this is exactly what the market is telling me as you guys know me I'll always stick to my rules whatever the market tells me price action is telling me I will follow my rules okay and then we have the euro which we're expecting a potential pullback for some further upside um and then we've got GBP USD who is approaching dangerously approaching target and I see no reason why we shouldn't push into it so looking for buy opportunities on the euro and GBP USD as well and then S&P 500 as well so we're all looking for buy opportunities across the euro GBP USD and the S&P 500 not to worry I'll be coming on here to give you guys potential updates as to what I feel the market's going to do next before I jump into any trade but before I go let's look at euro JPY and GBP JPY these pairs are clear they are clear they are gone they are coming here GBP JPY is clear it's coming here they are clear guys they are clear so if your type who trades GBP JPY Euro JPY just wait for some form of a pullback or watch this consolidation around here and jump in buy you're clear because euro is bullish GBP USD is bullish USD JPY is bullish why not JPY seems to be very weak at the moment so why not but I don't really like to trade it that much I want lasting oil prices so if oil takes out 82 dollars a barrel we're gone so once I see a bullish engulfing candle actually guys let me know give you guys so much information right here let's see what happens market unfolds I'm happy to be back more trader talk videos I don't catch you guys in my subsequent videos okay with the oil 82-3 dollars a barrel if we break here but we'll see how it goes I'll be back here same time next week just to see how the market has played out if we have any opportunities guys you see I like to give the market time do take your time do what you need to do present the best I want the best opportunity I'm not in a hurry I'm not in a hurry I got money so I'm not in a hurry and the people who actually make money in this market are the people that have money and are not in a hurry now if you're watching this and you don't really have money that doesn't mean you can't make money but when you have money money affords you patience you can be patient and honestly the traders who make the most amount of this money in this market the most amount of money this market are the patient guys so if you can have you don't have to have money to have a patient's mindset you don't have to have money physical cash you have an abundance mindset it's just with this mental heart gotta be patient with the market I'm gonna give it a week just to see what exactly happens and I'll revisit it and see if we're right for us to go once again my name is Dapo Willis I'm gonna catch you in my other screen see you soon let's go thank you guys and thank you so much for staying till the very end of this video you know I love you guys very much as always um I'll catch you guys in my subsequent videos once again if you haven't already subscribed and sure to do that smash the subscribe button right there for those guys who haven't grabbed the forex mastery program the link is gonna be around here somewhere or in the description right about there I love you guys very much thank you thank you thank you and I'll see you guys take it easy and peace out