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, April 29, 2011
30 min Nifty Chart
Target at median line meeting point reached close to projection of 5700 at 5706.Break of 5760 gave a short trade till 5700.