Updates: Week Ending April 24, 2026

The week ending April 24, 2026 was underwhelming. The confidence from the prior week built up and I took more trades than I should have. As a result, some trades were sub-optimal because I did not wait for a full trend structure to form. 

There were also a couple of other trades where I scaled size a little bit too aggressively. This post will be short to recap some of the sub-optimal decisions that I made and how I should have approached the setups differently.

The first trade was on USDCHF.

USDCHF Daily (D1)

The price action on the D1 seemed straightforward to me. Price crossed below the 60-period exponential moving average (EMA60) and the horizontal trend line (HTL) nearly simultaneously.

From a structural standpoint, this indicated a downtrend.

USDCHF Hourly (H1)

I identified an entry opportunity where price was simultaneously crossing below the ascending trend line (ATL) and moving away from the EMA band. This indicated a potential acceleration of momentum to the downside.

USDCHF Hourly (H1)

So what ended up happening? Price did not sustain the breakout move and ended up drifting higher. I think this trade was overall sub-optimal as there was no pinbar or doji indication on the D1 to indicate that a pullback move was "over."

I also took a small loss on CADCHF for literally the exact same price action. I jumped the gun on this pair by forming an opinion of a downtrend rather than actually observing a strong downtrend.

For the next pair, I did manage to capture a small win on USDJPY; however, I scaled into this trade much too aggressively. This ended up having a sub-optimal result.

USDJPY Daily (D1)

Structurally, USDJPY had a good D1 stall. Price was holding above a key HTL and I observed an EMA-squeeze. While price was stalling, there was certainly potential for an explosive upside.

USDJPY Hourly (H1)

The H1 chart was actually quite ugly. Price did not cleanly respect above nor below the EMA bands. I also drew a rather weak descending trend line (DTL).

The one thing I did well was keeping my initial entry size small. There wasn't a clean H1 structure so it did not make sense to put on a large size.

USDJPY Hourly (H1)

Shortly after the breakout above the DTL, I scaled into another 1% position. This was a mistake because there wasn't a strong net-new formation on the D1. I simply did it because price pulled back into the EMA band.

USDJPY Hourly (H1)

I scaled in once again by drawing another DTL. Here's where things got problematic. By scaling in too quickly, I'm more obligated to move my stop losses to breakeven. Otherwise, it's a compounded loss.

As a result, this psychologically made me tighten up my stop losses, which did not permit the trades to breathe. 

USDJPY Hourly (H1)

Here is the final screenshot showing how problematic it was. If I didn't scale in as aggressively, I could've been more patient and let the initial trades run.

This is also an indication that I need to take a more rule-based approach to scale-in and build a position when the D1 trend structure supports it.

I actually took four more losses in the second half of the week across EURGBP, GBPCHF, USDCHF, and EURCHF. Maybe I took these out of frustration of incurring the small losses or maybe getting stopped out at breakeven for the positions that I had been building.