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, January 25, 2012
Intraday 5 min chart projections
60 MIN EOD CHART
Price has reached the median line and steadily testing the resistance zone.Looks like it is buying time to test 5200 zone before a retracement ..Feb series does look to be complicated....