GKP

Actually ticking up a quite a bit now TF, not looking as grim as it was before 2.30pm when it was around 88.5P. Those yanks must be buying Good luck

PS GKP claimed my sanity (and my cash) a while back so I'm scared to get back in atm, so overly cautious.

pps just found out that the sudden rise at 2.30pm was due to a Reuters announcement
''Kurds Begin Piped Exports-Reuters''

Count, i have been watching this carefully for a while for a early entry.
I like to be a bit more aggresive, and try get in early, i can't help not doing it lol.

The higher low, hammer and trendline break, got me tempted this morning.

Worked out well in the end.
As Remo says this is still range bound untill 110p is beaten.
This could go on now to posibly test those levels.

For your losses, it's happened to so many here.
Jackozy always says, one must learn from mistakes, and not repeat them.

Keep following Chartsview, because this is great creation of Remo, with a lot of good folks onboard.
If you follow the tips here, and be disciplined with your trades, you will cover your losses in due course.
I have learnt a lot from everyone here, including Tradesmarter, who i havent seen around for while now,i hope he is well.

ATB,
Regs,
Trendfriend.

Thanks for your helpful advice TF.
I am already learning a lot from the good folk here on this site, so glad I found my way here (thanks to Steve Jackozy for recommending this site to me). I really appreciate the unselfish way the more knowledgeable and experienced chartists/TA guru's here help those with a desire to learn how to trade better. This really is a nice place to be, a breath of fresh air.

ATB to you ')

Thought I'd best post something here, as it's been nearly a week since anyone's talked about GKP.

Does the size of a hammer's body and/or wick have any bearing on it's strength as an indicator?



dl.dropboxusercontent.com/u/102203695/Sc...P%20-%2029-05-14.jpg

Also, given the time frame, would this be considered a Symmetrical Triangle?



dl.dropboxusercontent.com/u/102203695/Sc...-05-14%20%282%29.jpg

Yep, me again! So, by my novice eye, we appear to have a symmetrical triangle, a hammer and a potential 123 low...

I'm still out of this, expecting/looking for further lows, but I'd say a stop buy at 100p might be a good idea, as if it gets there it should have some legs, maybe even challenge 110p... any thoughts from anyone?



dl.dropboxusercontent.com/u/102203695/Sc...06-02%2017.23.35.png