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## Low Risk Entry (BULLISH)

 by Gilari Decosta, 4969 days ago

Trend is friend and making an entry at low risk point in trending share minimizes the risk. Here is a watch list that filter for trending stocks and ensure that weekly trend is also up. I have used following equation to find the trending stock,being ROC is still a effective indicator even though simple. You can vary time period of tree month as well as percentage of gain as per your view.
TimeframeApply(31, Roc(3) > 30)

The second and third equations filter out those shares that are in correction mode in weekly time frame,thus reducing bad trades .I have used following simple equation to achievevit.
TimeframeApply(7, close > ref(close,1))
TimeframeApply(7, close > open)

It filters those shares that are at low risk entry level.Many swing traders believe that a share that close between Ema(10) and Ema(30) are in a best entry level and enter the markets making share bounce back giving an opportunity to take profit within a few days.
More over this watch list, provide the pivot points P1,S2,S1,R1 and R2 which may assist in determining suitable entry point.
I have used the following equations to calculate pivot points.T
R2 = P + (H - L) = P + (R1 - S1)
R1 = (P x 2) - L
P = (H + L + C) / 3
S1 = (P x 2) - H
S2 = P - (H - L) = P - (R1 - S1)

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 Type: Watch List Object ID: 796 Country: All Market: All Style: Technical Analysis

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