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...

Tuesday, February 22, 2011


60 min Nifty chart 22.02.11

It was an inside range day -price not moving out of yesterdays high and low.
The indecision continues with the direction nifty can move.
Drawing a red schiff median line with past two days moves on 60 min chart, todays price has paused above the red LMLH at EOD.
The probability now is the move up continues if price moves above 5530 and move down can happen if price breaks 5410
Price is at junction of 5-20 ema and 50 sma .
Will follow the market on its move - breakout or breakdown levels.

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