The Long and Winding Road of Trading Journey

what does POI mean?

Point of interest - Area that is intresting for me to look for potential buys/sells aka where Im expecting some kind of reaction from market.
Usually some kind of Imbalance (FVG) + OB (1-2 last down/up candle(s) before structure breaking impulse up/down) for me.
Can be used to take TP/Partials in that area as well if in trade already.

thank you

left a lot on the table.

Trailing SL behind LTF structure can be a good friend in these situations.
Didnt expect it to make such a drop too though, but its gold afterall. Gotta expect the unexpected with gold.
And again what a amazing entries - first position entry & TP was really on point!
Catch 1-2 of these a week and enough to make a nice living.

yesterday low was broken.
next is confluence of support.

you can have your fomc

sometimes trading gold is like waiting waiting waiting ............ and then bam!
works both ways. profit or loss. double edge sword.

Vid unavailable for me :/

Any ideas for FOMC?
Im considering setting some low risk buy limits for ~1820-26 area, might get lucky and catch 200 pips or take a small calculated loss.
I think they gonna let it drop once more to destroy the big figure "support" and then probably fill back all these gaps left today and yesterday?
I could be totally wrong though, not alot of experience with such a news, just looking where potential liquidity and imbalances are.

i don't know. probably drop to fvg by end of week, if trend line broken.
vid click on "watch on youtube".

update

more on:
1. stops (candle close)
2. Imbalance (candle wick)

go to youtube channel and make your own notes for
2022 ICT Mentorship Episode 3

support confluence

one of bad day today l got many slippage

some thoughts on using small trading lots.
this month i was using one fifth (some times lesser) of my usual lot for each entry.
it was rather relaxing and no panic even though i was trading the volatile gold.
one thing to overcome is not to be trigger happy.

most of the time i had been shorting gold until yesterday i long. i am now in od.
this week the down trend has been very strong. and approaching a 2 week low.
if this is going to be a reversal of the down trend, then consolidation is expected.
every medium and major turning points, expect od.

however i am still slightly positive this week, and exceeded my expectation of monthly target.
although i am in od, i took opportunities to take profit on some longs to mitigate the losses.

going forward next month i will be still using small lots, with a twist.
for lot size i shall be applying the fibonacci sequence : 1,1,2,3,5,8 ...... or 1,2,3,5,8,13 ...... for scaling.
this is due to sending small lot size as scouts testing the market.
as one get some confirmation and confidence, slowly increase the lot size.
even the TP can be scaled as 8,5,3,2,1,1 .........
with the view that the lot sizes are somehow increasing slowly, the number of pips for TP has to be realistically reduced.

7jan low, where sell stops resided to elicit a response.

the 2022 ict mentorship using below m5 may not be suitable for wildly volatile pair like gold.
it is more suitable for the major pairs and indices.
i was fortunate to get the range for gold.

summary update.
advance qml + sr flip + ict