Overview
Speaker recaps a profitable gold trading day, offers motivational advice, critiques fast-money approaches, and provides a detailed gold trade breakdown focused on market structure and multi-timeframe alignment.
Results and Context
- Made $2.1M trading gold on main account; $244K on a second $1M account.
- Markets closed; message recorded Friday; reflects end-of-week review and lessons.
- Emphasizes free education: no courses or signals; learn via videos, Telegram, Discord, Instagram.
- Personal journey: stocks in 2021, forex in 2022; significant improvement since early ICC explorations.
Community and Philosophy
- Encourages persistence; stick to one process and avoid mixing methods until advanced.
- Critiques lower-timeframe-only trading and indicator overload causing confusion.
- Advocates higher time frames (1H+) to guide bias; lower time frames for refinement.
- Prefers slow-and-steady compounding with A+ setups over fast-money tactics.
- Goal: make ICC accessible, reduce gatekeeping, help learners trade without paid courses.
Accounts and Social
- Instagram: @tradesbasai; verified. Second account: Only Payouts; cross-linked in bios.
- Telegram and Discord mentioned for community discussions and free resources.
- Warning about fake accounts; use verified profiles and linked bios.
Trading Education: Core Principles
- Higher time frames overrule; 1H and 4H set trend direction and strength.
- 15m and 5m build the structures that later appear on 1H/4H; watch them for early signals.
- Market structure basics: lower highs/lows indicate downtrend; higher highs/lows indicate uptrend.
- Structure shift signals: break of a lower high or formation of a higher low suggests bullish turn.
- Correlation rule: time frames must align; wait for confluence across 15m, 1H, 4H.
- Session timing: prefers trading gold during London and New York overlaps for volume.
- News: seen as volume catalyst; follow structure, not fear headlines.
Gold Trade Breakdown
- 4H was bearish; 15m showed choppiness then a bullish structure break.
- Observed sequence: consistent lower highs/lows, then break of a key lower high.
- Above 3293, bias turns bullish; target prior highs once structure confirms.
- Entry logic: buy after break and correction above 3293; stops below recent structural lows.
- Managed two positions; one stopped due to tighter stop; second held through move.
- London saw correction forming a higher low; New York 8:30 news added strong momentum.
- Emphasized trailing stops as price progresses and scaling based on risk.
Structured Trade Details
| Element | Observation | Implication |
|---|
| Higher TF Bias | 4H bearish initially | Needed lower TF evidence for shift |
| Trigger TF | 15m break of lower high | Early bullish signal above level |
| Key Level | 3293 (bullish above) | Buy only above this price |
| Structure | Formation of higher low after break | Confirms bullish transition |
| Entry Zone | After reclaim above 3293 | Aligns with structure and sessions |
| Stop Placement | Below recent support/last higher low | Adjust lot size for wider stops |
| Targets | Prior highs near 3339 first | Scale out as momentum slows |
| Sessions | London to NY overlap | Adds liquidity and cleaner moves |
| News (8:30) | Added volume; large candle | Accelerated 1:7 R move potential |
Practical Tips
- If wider stops are required, reduce lot size to maintain risk control.
- Do not combine ICC with other systems until advanced; focus on one framework.
- Use session tools to identify volume windows; prefer London/NY for gold.
- Trail stops under newly formed higher lows as price advances.
- Expect 1m/5m noise; always anchor decisions to 1H/4H bias.
Action Items
- Join Telegram and Discord for free resources and trade discussions.
- Follow the verified Instagram @tradesbasai; confirm links via bios.
- Practice identifying structure shifts on 15m that preface 1H/4H turns.
- Backtest gold trades during London/NY with ICC rules and strict risk.
Decisions
- Maintain commitment to free education; no paid courses or signals.
- Continue teaching ICC simply, prioritizing higher time frame alignment and structure.