A medium term trade that lasts 15-20 bars (or more) on the selected time frame (i.e. 15-20 hours on an hourly chart, or 45-60 minutes on a 3-minute bar chart). The target should be at least twice as much as the risk taken, managed with a loose, structural-type trailing stop. The trade is with the larger degree trend, and it can be held through several legs (or waves) of a trend, including the corrections against the trade. The trade is timed by the entry signal; and, the stop loss level is derived from bigger picture structural support or momentum configuration.