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...

Wednesday, February 23, 2011


60 min chart
Price has slipped below the red LMLH of the schiff median lines drawn yesterday.Still inconclusive but the bias is towards the sell side now.Markets really confuse one during the corrections!
Have closed the Long position taken at 5540 levels at a loss and entered Nifty short position at 5470 March series.Price below 50 sma.
1st target is now at the gap at 5330 level(NS).
Stoploss for fresh shorts is at 5510-5530 levels(NS)

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