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...

Thursday, January 12, 2012

12.01.2012 _Thursday

Intraday 5 min chart

EOD 5 min chart and projections for next day

60 min chart

War continues even more fiercely!!A gap down , pullback, massive fall and then again retracing more than 60 % R of the day's range from low..Phew!!

The initial entry point with the SL point would have been triggered but the next test of the same high zone was a good area to short and it fell right down to the projected target zone.

My trades
( I'm carrying the shorts taken yesterday with the SL of 4900...)
I had placed a target order for one lot at NF 4830 it was filled.Holding the balance for tommorrow for target NS 4780 and may add to position if price reaches entry zone.

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