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...

Sunday, March 10, 2013

10.03.2013 Sunday

Posting a video showing median line setups - entries and exits on Nifty 15 min chart.


Median line Setups for Swing trading

21 SMA for Pivot identification
Downsloping Pitchfork drawn with 3 pivots
Entry Guidelines
1.TL breakdown
2.Range breakdown
Exit guidelines
1.Near ML
2.Near LMLH
3.crossover of 21 SMA

Swing reversals near UMLH and LMLH
1.Breakout of dynamic TL and retest and breakout of minor high pivot ( for longs) and low pivot ( for shorts)

Targets on breakout of Pitchfork UMLH / LMLH
1.Warning lines
2.Hagopian Line- move above hagopian line- Trend reversal confirmed





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