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, September 21, 2011

Basics of Median Lines

Some definitions before we go into trading setups...
ML - Median Line
LMLH- Lower Median Line Parallel
UMLH- Upper Median Line Parallel
Pivots - marked as P0,P1,P2,P3,P4 etc..or A,B,C,D,E....etc
Schiff ML- Schiff Median Line
WL- Warning Lines
MML- Mini Median Line
SPL- Sliding Parallel Lines

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