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...
Thursday, November 4, 2010
Daily chart - short term
Daily chart with median line and schiff lines Starting Pivot at 5348
Schiff lines and long term median line confluence at 6300 - 6350 range.The test of this line will decide whether it will act as a reistance.
Went long at 6147 NF on 2.11.10 near Upper median line of previous correction.