Short-term = SHORT.
Mid-term = LONG.
This is my PERSONAL trading CHART, with no further educational explanations.
We use ELLIOTT WAVE theory to determine WHAT the Pivot DIRECTION IS, Then use MULTI-TIME-FRAME Indicator analysis too fine-tune the PRICE and TIMING of the expected WAVE.
BUYING STRATEGY: We buy at the bottoms of corrections or pullbacks, Then Take 50% profit at 50% of previous WAVE (just do it) and place stop at purchase price.
IF price un-expectantly reverses lower YOUR EVEN,.... IF price continues UP-TREND then, re-buy at NEXT CORRECTIVE WAVE bottom of WAVE-2/Start of WAVE-3
This is actually a very aggressive strategy for going in early that is why 50% "hedge" PROFIT is taken EARLY in the TRADE.
Combining ELLIOTT WAVE and THIS strategy, has SAVED my account 3-TMES during the past 3-weeks.