Updates: Week Ending September 12, 2025

The less is more approach that I’ve been taking has been working out well so far. Instead of scanning my entire watchlist and then placing multiple trades at a time, I focus on one trade at a time.

This does mean I’ll miss a lot of signals and plays, but it also means I’m really focused on the trade that I do enter. By taking notes directly on my charts, this has strengthened my analysis greatly. 

The next challenge is to work on FOMO and making sure that I do not enter trades that shouldn’t have been considered.

There were two major sets of analysis that I did over the past week. The first is on the EURJPY pair.

EURJPY

I have several observations on this pair. Starting on the daily timeframe (left side), price is in an uptrend because EMA20 is above EMA60. This is my technical definition of an uptrend.

Secondly, price is crossing a key daily level, which is showing that trend continuation is likely.

Over on the hourly timeframe, I did see confluence. From a trend perspective, price was crossing above the EMA20, which was also crossing above the EMA60. This intraday uptrend is showing confluence with the daily uptrend.

Secondly, I plotted a descending trend line (DTL), which price broke above. This also signaled confluence since the downtrend was the counter-trend move.

Finally, I plotted a demand zone, which price did hold above. The demand zone was not a clean signal so I would’ve held off on this trade if I did not make the other observations.

In this scenario, having the notes directly on my chart provides me with a constant analysis showing where I’m at.

EURJPY H1

This trade ended up being a winner. As you can see on the H1 timeframe, price hit 0.5x ATR take profit and then pulled back.

I should note that setting take profit and stop loss at 0.5x ATR is the conservative approach. I plot these trade parameters mostly to track how price hits in the short term.

In the long term, my ideal approach is still to hold to ride the entire trend. The downside of this approach is having to ride the pullbacks.

Here’s how I decide on the two. For my FTMO account, I tend to target just 0.5x ATR for my take profit and stop loss. As a result, that becomes a set-and-forget trading approach.

For my personal account, I’ll keep an eye on my trades a lot more so it’s positioned to ride bigger moves.

The second major trade was on the CADCHF pair. Unfortunately, this trade did not work out.

CADCHF

I saw confluence on this pair. There’s a downtrend, signaled by the EMA20 sitting below EMA60.

On the H1 timeframe, price was in the process of breaking below the ascending trend line, and the supply zone appeared to be holding.

Finally, the H1 timeframe was also indicating that the EMA20 was beginning to deviate away from the EMA60 as a sign that momentum is picking up.

CADCHF

If momentum does not pick up, this is usually a good sign to just scratch the trade or take a minor loss. This strategy does require predictable momentum.