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, December 14, 2011
5 min intraday and eod charts posted above
If 4730 zone turns out to be a support and price moves beyond 4800-/ 50 sma in 5 min charts, then the pullback continuation can happen.Otherwise below 4800, the downtrend looks to be continuing. DAILY CHART