Trend is an Ocean

The market is an ocean of pips, each going their own way, but when all together, moving in the same direction. Attempting to swim against the current, you will be able to get a few feet, but after being worn down you will be swept away by the waves. Swimming with the current, you will float hundreds of feet without having to paddle. Occasionally you will be pulled back and forth by a choppy sea, but in the end, the current will prevail.

My plan is to trade 15M – 1D timeframes, depending on if a setup presents itself. I will trade breakouts and Resistance/Support but only in the direction of the trend. The trend will be dependant on the timeframe. If the trend bullish on the 1D, but bearish on the 15M and I decide to trade the 15M I will only go short.

The same will go for the targeted amount of pips as well; it’s all dependant on the timeframe and support/resistance. If I trade on the 15M TF we will go for a relatively lower amount of pips than on the D1. Same with SL; 15M will have a much tighter SL than D1. The only trades that I will take will have a 1:1, 1:2 R:R, and preferably higher. This is not to say that when I am in a trade I cannot Exit the market when we see fit due to Price Action.

I will let the markets tell me what to do, because when I try to convince it what to do, it never quite works out.

Now let’s go with the flow and trade!

EUR/GBP

This is an example of when I will be selling at Resistance on D1 TF. We recently broke out of a pretty strong consolidation area, and so will be shorting if it returns to the breakout area. We can see that the 30 SMA is below the 60 SMA which is below the 90 SMA, meaning we are in a pretty significant DT.

SL is 155 Pips; TP is 195 Pips

AUD/USD

Here's an example of where I will be purchasing in Support area on the D1 TF. We can see that the pair is in an upward channel, and hopefully will continue.

SL is 140 Pips; TP is 430 Pips

EUR/USD

15M Breakout example. We have a strong consolidation, with 26 bars (27 in the making). On this TF we are in a DT, as we can see from our SMA's, so if we breakout the South I'll be selling.

SL is 30 Pips; TP is 30 Pips

Once again, lower TF, lower Pips. Also, not to mention that on higher TF's we are ranging pretty hard, so we want to get in and get out.

EUR/USD: +30 Pips

We can see that price broke out North but then returned to convergence area where it broke out South, allowing me to short the pair, which then quickly hit my TP.

GBP/USD

We can see that on the D1 TF there is a substantial ascending triangle. Price has bounced off of the lower TL 4 times. A bounce back to the top is likely, however we are in a DT according to my 30, 60, and 90 Day SMA's. Because of this I will wait for the break to the South.

In the second screenshot, we are looking at the H1 TF. I have drawn a grey rectangle where previously there was consolidation, and once again Price stalls in this box. We can see that on the left hand side of the box, Price broke to the South, however, it stopped at the Ascending TL. If Price breaks to the south now, it will also be breaking the TL.

I've set SL above consolidation at -73 Pips.

I've set the TP 10 Week Low, and also right above a round number at +168 Pips.

Update: I've changed my SMA's to 15, 30, and 60 (previously 30, 60, 90) due to the fact the highest TF I am trading is D1.