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, September 16, 2011
Hourly chart update
Price has reached the expected target at the Blue median line .One more attempt till 5150 possibel if 5050 holds.Otherwise expect it to fall down towards 4900 -4850 band.