Preet's live trades

Well as an intro, my name is Preet Kanwaljit Singh a trader from India, also known as JungleLion on most forums.

I started my fx journey from June 06, blew many virtual and live accounts along the way, the primary reason being greed not the method used.

My method has been constant right from day one, but I would call it pure greed and over trading which res8lted in the blowouts.

It took me one whole year to realize that a drop by drop fills the ocean not a river.

To start this journal, I will start with my most recent trade, and my expectations on the trade.

I have 2 Buy positions on AUDUSD,

first at 0.9262 with SL placed at 0.9265 and target expectation of 0.9520

second at 0.9296 with SL placed at 0.9265 and target expectation of 0.9520

I will be maintaining these two trades till target is met in week's time.

Placed both trades on a tight trailing stop of 10, the current value was 0.9302

Trades closed at 0.9302 given the 1 hour charts, will enter later.

Good luck and hope that this time round you have tamed the lion and will bank many pips

buy0.10audusd0.92620.93020.95202007.11.01 13:420.93020.000.000.0040.00

buy0.10audusd0.92960.93020.95202007.11.01 13:420.93020.000.000.006.00

sell0.10audusd0.92770.92700.92572007.11.01 15:450.92570.000.000.0020.00

Closed 3 trades today

Hello Forexlion,
Thanks for the pm. Forexfactory is not letting me post PM's right now so I thought I would send you a thank you this way. Keep up the good work.!!!!

NFP Expectation before news and movement after news.

who said technical analysis does not predict news

Yes I have used xpma for a while for gridding direction. I also use in conjuntion with williams % for false signals. I got the idea from another big cat "Simba" is he related to you? Ha Ha just kidding. Let me know what you think.

Ps. This is an old chart but setup is the same.

I did not trade for a few days, cause my dad expired and there were prayers to attend to.

I am currently holding a Long position on EURJPY from 116.30 with target of 167

Even though it will go higher to 167.18 or so, i kept my exit at 167 itself. $70 is enough for me for today.

Sorry to hear about your father. Loosing a family member is always hard to deal with. My brother age only 37 died April 30, married with three small children, you just never know when it is your time. Bless you and your family.

Thanks for the tip, works well with GBP/JPY.

Bro which indicators are you using in this chart? thanks

They are murrey math.

I missed a lot, during the non trading session [my dad expired on 2nd]

I am going to list the trades I took and my current trades now.

In the period I also designed a good indicator which frees me from a lot of tensions of trading and extends my trades to a longer weekly period even if it is on 4 hour charts now.

buy 0.1 eurusd open 1.4717 close 1.4671 -46 sell 0.1 eurusd open 1.4626 close 1.4639 -13 buy 0.1 eurusd open 1.4649 close 1.4635 -14 buy 0.1 eurusd open 1.4637 close 1.4635 -2 sell 0.1 eurjpy open 161.01 close 160.86 13.6 sell 0.1 eurjpy open 160.88 close 160.86 1.81 sell 0.2 eurjpy open 160.75 close 160 136.57 buy 0.2 eurjpy open 160.34 close 160.49 27.23 buy 0.2 eurjpy open 160.53 close 160.55 3.64 buy 0.2 eurjpy open 160.54 close 160.55 1.82
In addition to this I closed 1 more trade of BUY Gold 0.1 @ 204.60 and closed at 805.45 giving $8.50

I closed the Gold trade because I already had 2 floating trades on EURJPY and AUDUSD and I did not wish to risk further, though it is confirmed that Gold will achieve the 828.00 target.

My floating open trades are


Long AUDUSD 0.2 LOTS @ 0.8963 WITH TARGET OF 0.9344
Long AUDUSD 0.3 LOTS @ 0.8960 WITH TARGET OF 0.9344
Long EURJPY 0.4 LOTS @ 161.15 WITH TARGET OF 165.53

My current Floating Equity is $1 672.63


The new indicator permits me to take the kind of risks i would have never taken with conventional indicators.

New trade taken in addition to the above 3 floating

Long GBPJPY 0.5 LOTS @ 231.73 SL 231.74 WITH TARGET OF 236.70

Current floating Equity is $1852.52

The account balance is just $373 here.

The very nature of the new indicator is protective as far as taking trades is concerned.

Got stopped out on GJ on the SL with +1 and also chose to close the other trades as well on the same report.

Waiting at $1473.62 for the next entry, probably monday as i tend to avoid fridays.