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 9, 2011


60 min chart- 9.02.11

First hour,price touched 5254 at the magenta LML and made a swift move up.But the upmove did not sustain and steadily climbed down again .The next intraday low at 5229 also touched the Magenta LML to close at 5274 levels.The price moves within the magenta Pitchfork looks complete.A bounce back till Magenta ML / orange LML at about 5300-5320 is possible .The resistance at these levels - if strong will lead to lower prices again.If the resistance is broken then 5400-5425 levels can be targetted.

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