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...

Tuesday, December 11, 2012

11.12.2012 Tuesday

Intraday support level / reversal point at magenta UMLH.

Friday, December 7, 2012

7.12.2012 Friday

Price moved out of the magenta PF , through 5900 resistance  levels with wide range bars indicating positive momentum holding on.With the recent swing points,the Green Pitchfork drawn leads to immediate resistance level at 6000 + levels for closing long positions based on the price bar action  at this zone.Moving below Green median line, retracement supports will be at green LMLH at 5900-5875.

EOD updated chart

Supports at 5875 zone at green LMLH expected for upmove to continue.
 

Thursday, December 6, 2012

Wednesday, December 5, 2012

Tuesday, December 4, 2012

Monday, December 3, 2012

Friday, November 30, 2012

30.11.12 Friday

Price near resistance at Warning Line / UMLH of magenta PF.Stochastic at oversold area. A pause / retracement to the 2 day 250 point rally expected.
Support levels at 5805-5775 band within rising magenta PF before an upmove resumes.

EOD 15 min chart

Nifty climbs up relentlessly.. within the upper magenta channel .Target towards 5900-5950 range where it meets the  resistance levels of the orange major PF .

Thursday, November 29, 2012

Wednesday, August 8, 2012

Tuesday, August 7, 2012

Monday, August 6, 2012

Thursday, August 2, 2012

Wednesday, August 1, 2012

Tuesday, July 31, 2012

Monday, July 30, 2012

Friday, July 27, 2012

Wednesday, July 25, 2012

Tuesday, July 24, 2012

Monday, July 23, 2012

Friday, July 20, 2012

Thursday, July 19, 2012

Wednesday, July 18, 2012

Tuesday, July 17, 2012

17.07.2012 Tuesday


Though price gapped up, price did not move beyond today's high,slowly cascading down to close at low zone of today,testing the Orange LMLH again.If price moves up at open tommorrow,then a reverse divergence in Stochastics could happen and with positive Price action, a support could emerge for new Longs.

Friday, July 13, 2012

Thursday, July 12, 2012

Wednesday, July 11, 2012

Saturday, June 30, 2012

Tuesday, June 26, 2012

Monday, June 25, 2012

Friday, June 22, 2012

Thursday, June 21, 2012

Wednesday, June 20, 2012

Thursday, June 14, 2012

Wednesday, June 13, 2012

Tuesday, June 12, 2012

Monday, June 11, 2012

Friday, June 8, 2012