Trading with Median lines is a system and a leading indicator suitable for Swing trading.I am following this strategy for Nifty and Bank Nifty with good results.Those interested to trade with Charts and Price action to analyse target price, support and resistance levels will find this strategy very interesting.

Feedback welcome!Happy trading...

Friday, November 12, 2010

5 min chart is showing consolidation for the past one hour.Double bottom formation and minor divergence in STS .
My fork from these pivots gives a small pullback upto 6150 .this is the previous low.whether it will be a resistance let me wait and see.

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