Short-term = SHORT.
Mid-term = LONG.
This is my PERSONAL trading CHART, with no further educational explanations.
BUYING STRATEGY: Take 50% profit at 50% of previous WAVE (just do it) and place stop at purchase price.
IF price reverses lower YOUR EVEN,.... IF price continues UP-TREND then, re-buy at NEXT CORRECTIVE WAVE.
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.
Mid-term = LONG.
This is my PERSONAL trading CHART, with no further educational explanations.
BUYING STRATEGY: Take 50% profit at 50% of previous WAVE (just do it) and place stop at purchase price.
IF price reverses lower YOUR EVEN,.... IF price continues UP-TREND then, re-buy at NEXT CORRECTIVE WAVE.
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.
PRICE could go Either way (UP or DOWN). TOMORROW, most likely DOWN to LOWER. Indicators show OVER BOUGHT conditions, commodities look to be reversing lower Slightly. End of day today or Tomorrow will probably be a good chance for BUYING Gold and Silver.