- This post is to show a simple trading method of price crossing a major moving average works.
- Sometimes it is as simple as the cross over on the left side of the second chart. But sometime it takes one or two attempts before price takes a new direction.
- In this case nifty has given a whipsaw But if the high's are not taken out in a hurry another test awaits the moving average.
- As shown in the first chart price violated the supporting trend line once. But if gets violated again then price may cross the moving average.
My blog Analyses the trend and patterns of stocks, Futures, Commodities and Forex Markets
September 6, 2010
Price and moving average of NIFTY
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