Alvin Nguyen

Alvin Nguyen

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10/06/2021

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Photos from Alvin Nguyen's post 09/20/2021

Looking at my last post, you know that I called out a trade for GJ last Friday and due to the way it closed I told my students that it was valid for a swing so we swung it over the weekend.

Called GJ a to hit 149.500 last Friday as we planned to swing it and today it made it!

The idea behind this trade was simply the H4 timeframe. Looking at the H4 timeframe, price made a LL and then made a LH at a previous zone that was once support and now resistance, but even better the retracement lined up with my fibs.

Stop loss for this trade was about 17 pips and we gained just a little over 200 pips giving us 12 times our risk back as reward! Overall we had multiple confluences for this trade and that’s what made this trade a high probability setup.

P.S. Peep how Aisha made 20 times her risk from this trade on the last photo

                            

Photos from Alvin Nguyen's post 08/11/2021

This whole entire week I was preaching to all of my students that GU was going to hit 1.38.

Well.. it did. This trade showed a perfect example of taking high probability setups, but also having the patience and waiting for that trade to hit your take profit.

Confluence 1: Market was overall down trending

Confluence 2: Previous support became resistance. You can see the labels on my chart of how previous support became resistance

Confluence 3: The market pulled back to my ideal area on my fibonacci

Focus on high probability setups and don’t stress to trade everyday because one setup can make your week.

                                                       

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