Wannabechamp Journal

EDIT;

Here is what I use for my charting software; https://www.prorealtime.com/en/partn...8_PipMastersFX

Message me if you will open, I will most likely be able to get you a 6 month deal etc.

Ok Hi Guys,

So I have finished for the trading day as for intraday goes and before I pop off to lunch and do my other work I will complete this post.

So my name is Daniel Cheung, and I am a professional Forex trader. I have been learning to trade for about 3/4 years.
Started off with a prop firm learning the fundamentals and technical of trading for NY stocks. After a while of learning and trial and error I was headhunted to work for a leading fx broker firm which is where I was introduced to FX trading.

From there I had built up a strong portfolio of wealthy clients that trade from a simple 100,000 accounts to millions also becoming a senior within months. I developed relationships with these people and etc, and this is where I met my mentor who was actually a client. Bare in mind I can see everyone's trades, P/L and win ratio so I knew what potential my mentor had. So after a while of persuading he finally agreed to teach me FX.

Now a year and half later I am a full time trade shooting for my first 6 figure year in trading next year.

As for this thread, I will be posting my intraday trades winners and looser! to share with you guys hopefully help and discuss trading methods for you all and could possibly help those in need. I won't really be discussing much of my strategy as I am also a personal forex educator now so it will not be fair on those who pay for my content, but I am happy to help where I can.

Even though I will be posting my intraday trades, I scan every Sunday evening to give myself a heads up for the week ahead. For this purpose I will also be posting my analysis here for you guys to take.

Take into account I have more losers than winners but my P/L I still higher as my I add to my winning trades.

I also sometimes call my trades on http://stocktwits.com/FX_Champ before I take them if I am scanning and its a small position trade so follow me if you are on it too.

Instagram = FX_Champ
Twitter = FX_Champ
FB - PipMastersFX

Last week trade on GBPJPY



Here is my trade today on EURCAD, I even called it on stocktwits before taking it



I am still in half a position with SL at BE (break even)

Target is below

Thanks for following and keep up to date with my Journal

Please note; Risk is at your own clause please manage it. Just because I say something in my scanner does not mean I have taken the position or it will even pan out.

Happy pipping!!!

I also currently have a swing long on GBPJPY which needs to break 18484 swing highs around the 9th October with a double top pattern, if it breaks 18598 is not far out of reach.

Update on my EURCAD

Another TP at 40 pips 1/4 position left to pan out on H4



Target around 14300 area align with my Fib and pitchfork

However I see resistance at around 14500 so will keep an eye on it.

As for now SL is BE and will evaluate after 16:00 UK time

EURCAD came back and took me out at a few pips profit. but still looks short, see if I can be given another entry

Just took this trade GBPNZD long, first 1/2 position 30pips profit.

Target 22800 whole number, although a fib number is at 22818 is a target, hence half position already out.

SL is BE at the moment so wont loose any more even if my target isn't reached.




Next two interests are EURCAD and GBPJPY

Now this is an alert,

If this gives a good signal for short I am in, and will join for a big position, retesting the fork.

On my actual charts my fork is more refined and looks alot better, as this is only 15m chart I trade on 10m.



SL will be only about 20 pips with TP around 50-60 depending on my entry but the basics of andrews pitchfork here.

No Interest in EURCAD

added to my long on gbpjpy 1 failed attempted earlier,

2nd attempt will upload both after

I already took some profit earlier

Signal is good for long so far, now lets see if it runs. If not I will take the small loss on the chin.

Then I will be done for the day, and will come back later to review my trades and what I could've done to improve.

Lets see if this pans out, US is in - we have all TF in our favor a new HOD would be reassuring for this to go higher

Just took the intraday trade out at close to BE and left it at that

Enough for the day do not want to overtrade as have taken too many positions today as it is.

Will post it later

and will also post my review on my trades too.

I did try a few swings over the weekend so will include them

Going through the charts GBPCAD was the one to take today. The set up was there and it just rallied with no sign of exit.

Following this USDCAD and GBPCAD rose, so after my short on EURCAD I definitely should of payed attention to these as I could've bagged some pips for the long. As much as I took my GBPNZD long as GBPNZD looked more exhausted rather than anything.

After my profit and 1/2 position BE it retraced before going long without breaking the HOD I sat in. Regardless whats done is done.

Following this I failed 2 dives to join Long on GBPJPY was a bad judgement call overall as it was generally 50/50 could retrace any moment due to the timing, its done its pips and at that time I was looking to long, there market was giving signs of short where I can see now. Lesson Learnt.

Overall as usual profit today.

The main aim of my game is to be in profit and hit my 6 figures next year. I have started from scratch again to measure the account balance from now.

Once I am half way I will post it up, even my P/L.

Consindering this on the long run GBP could be back on the rise for a few days/weeks. I had a hefty profits from shorts on GBPJPY GBPNZD GBPAUD from when they was bearish.

I see these all turning up, especially GBPNZD with a price of 23050 and even 23449. If this weeks gives me a chance I will put a small position.

As for now still long in gbpjpy SL moved up a bit

Was a good Monday, alot of signs for the week upcoming.

Tomorrow is another day.

Following this I forgot to mention EURUSD looks like another drop soon, , 4h developing.

Whoever took it from the 15th is doing well, and the people who caught the small reaction at 18th oct.

right now double bottom 30m, 10m says short. If this gives me a signal before night time I may enter with a target of 11300 then 11257. SL 11342. Not sure I like the risk reward ratio.

The only thought is there could be a pull back if it makes a new swing high, could pull to 347.

So my second option if it pans out no entry, wait to join after a pull back.

Lets wait and see no rush, a fair bit of support around

Disclaimer; not a signal, not saying im right just my own opinion and thoughts. Risk is in your own hands.

Happy Pipping all

Not trading today, but will scan again in the afternoon,


I am not worried about my long on the GBPJPY as it broke swing high, it can do what it wants but i want it to hit my target.

or even get close to it, the trade is a 1:3 RR so anything above 2.5 I will move up the SL to 1/1.5 enough room for it to breath.

As for yesterdays scanning I wonder if any of it panned out and signals caved in.

Back live again tomorrow and a post tonight for a review of the day

I will also do a small post about risk management as it has come up on a few post I have read.

This is the most important content when teaching my students.

Risk management is always key to building your own strategy.

GBPJPY taken out profit don't really like it 80 pips earlier than should have but from my experience I rather just have the profit.

GBPNZD 4H char is looking good for a retracement, in for a long for a few pips.

I think it can pull back to 22800 and shoot for 23050 at the minimum before a reaction, I am willing to pay the price to see this movement. Even though knowing as a broker, putting my SL there they could easily take me out with news over night.

Also Short on EURCAD, been a hectic day with other things, for me so wont really go in depth of why but i have a SL around 59 area and profit of 602 1:3/4 ratio there

Review - more important

What I missed today

13:50 short on eurcad was beautiful! shame I missed that

15:40 long on gbpaud

these 2 where the trade of the day that match with my set up. regardless learn the patter and hope that I can catch something fruitful tomorrow

Happy pipping all.

Will be back on tomorrow be sure to follow on stocktwits.

Following this I have received a few emails about my courses and learning which is nice to see.

I will publish some of them publicly to be bought online somewhere as my website is still in development

Something I learnt over the trading years, good education comes at a cost. People study degrees at university and make nothing compared to trading, following this if you can't afford education you will not be able to afford trading.

Happy Pipping, if you are interest get in touch I will think about what to do with it.

Quick Update;

EURCAD loss 30pips

GBPNZD 146 pips profit, took it 10 pips early

Perfect exit at the top, could retrace before going up

GBPNZD chart 142.7



This worked well, SL was below 37.7 fib, had a huge cycle down and turn up / retracement is needed, exited at fib 61 which was a perfect exit, was a little early but i didnt like the fact it shot up for 2 hours and London session in there will be a reaction of some sort.

Trade worked well and was met with the set up and went with it

EURCAD -32.7



This was on my set up for a short, but looking back at it while it failed, my set up wasn't complete so i learn my lesson there with the MA's on top of that if i payed more attention rather than sleep I could see the uptrend was brewing.

Happy Pipping!

Lesson learnt when tired look again to confirm!