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, March 4, 2011

4.03.11_Friday


Price touched the green median line at the open and had a choppy downmove to close at yesterdays close level.price attempted to cross resistances at the intraday downsloping trendline drawn during the day but without any luck.
Quite a disappointing day as global cues on thursday was very good and expected the price to reach 5600+ levels.Todays price has put the expected rally on hold till it crosses 5600 levels.Downside 5525 / crossover of 20 ema is the stoploss level for longs.

My intraday trades were closed for a loss as I too succumbed to the gyrations of Nifty and went against my plans.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)