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TOPIC: GKP

GKP 22 Dec 2014 08:55 #201

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Could it be setting up a 1, 2,3 breakout...with the "1" being the 80+ 0n 10th Nov, the "2" being the retest of 50p 15th December....a break of the 85p line (finally) would confirm?

i13.photobucket.com/albums/a272/ademcg/GKP22Dec.jpg
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GKP 22 Dec 2014 08:43 #202

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uk.advfn.com/p.php?pid=chartscreenshotsh...M1xc=&symbol=L%5EGKP

Looks good to me.... a close above those moving ave's @ 65/66p area, should mean this will push on imho....

Regards,
Trendfriend
Last Edit: 22 Dec 2014 08:45 by Trendfriend.
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GKP 16 Dec 2014 21:06 #203

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Hey y'all,

Not really been much to talk about here as oil has been tumbling at such a rapid rate. I did scale in long from 54 - 49p with average of 52p for a little flutter on a spread bet, sold out for all of 1.75 pips as I had to go out this morning! LOL! I could have taken 5! Hardly beer money!!! It broke a small wedge to upside today which I'd been watching. CAO (Awesome oscillator) indicator has now gone red confirming the wave 2 proper, which I'd mentioned previously, doesn't mean it can't re-test lows though if the downward spiral of oil continues, but makes more sense now from an EW perspective...With a bounce of oil or continued positive news flow, I don't see why we couldn't kick off wave 3, depends on your risk appetite, but I was happy scaling in at these prices - gap left behind so it's a wait and see really, but if the bottom is in, wave 3 is gonna be a nice ride up, just a question of when? Not long though me thinks - unless it puts in a new low and then I'll need some new crayons for Christmas!! ;)


2014-12-16_2036.png
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GKP 15 Dec 2014 12:38 #204

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This is the charts of crude light oil,
This is just heading towards its normal trading area so people should not be shocked by this.
Hopefully petrol prices should come down at the pumps to help out everyone ;) even thou its all tax.
Its funny how prices at pumps drop so slowly yet when crude rises it moves fast at the pumps.
i remember when crude broke 100 dollars a barrel and price of a liter of petrol moved above £1 a liter. now its at 50 dollars a barrel and price of fuel is at £1.20 a liter so its obvious we are all getting robbed at the pumps by the governments.


weekly chart

dl.dropboxusercontent.com/u/4899609/crude15thdec2014.png

daily chart

dl.dropboxusercontent.com/u/4899609/crude15thdec2014daily.png
Information Purposes Only, Do Your Own Research
remo
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GKP 12 Dec 2014 15:51 #205

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No point unless crude has bottomed.
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GKP 12 Dec 2014 12:06 #206

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Thanks Ian.

Would you buy if the price reached 42p or not even then?
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GKP 12 Dec 2014 10:19 #207

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GKPDaily11.12.14.png


We had a beautiful shooting star on 3/12 but it was the lower low on 1/12 that set the tone for the recent fall. 3/12 set a lower high to go with the (now) two lower lows. Key supports were 64 and 58.50 which fell without resistance, the latter very decisively yesterday. A break of the 61.8% fib points to a 100% retrace.

Today we bounced on the next support of 50.25 and this is of course now a key level.

Regarding crude, everyone was talking about possibly of $60 for WTI when OPEC stood firm, and that is where we are now. I had thus waited and thought that this level might find support so we will see. FOr E&P companies, the key is not in TA it is in which ones have high finding and lifting costs and thus a high b/e on crude. This is why Afren has been pulverised. We know that GKP's finding costs are very high (high DD&A) but what about lifting? Heavy crude, sulphur and trucking tell me they are not great. Does anybody have this number?

We will see a new bottom here if crude prices don't settle, but I certainly see 50.25 being pierced. If we close below then it's a quick descent to 42.25. Trendline support is at ~44.50 but I wouldn't count on that.

It is not a time to buy or trade until crude finds a bottom.

F4T
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GKP 09 Dec 2014 23:22 #208

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Nice chart Count... ;) i like that RSI!!

uk.advfn.com/p.php?pid=chartscreenshotsh...7s%3D&symbol=L%5EGKP
I was tempted with this today, it came to the area i was looking for, but i did not buy today:unsure:
firstly, crude keeps making new lows.
secondly this made a lower high at 81p, and i'm thinking its going to make a lower low(56p area??) before bouncing.
I was watching the 50 ema @ 84.5p area, and it closed below this.
Buying the dips here has served me well over the last couple of months, but this time i'm going to wait and see if we can get a close above the 50 day, before buying... ;)

All bullish stocks get back above the 50 day moving ave, so lets see what happens..

Regards,
Trendfriend.
Last Edit: 09 Dec 2014 23:23 by Trendfriend.
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GKP 09 Dec 2014 19:42 #209

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Closed 63 on the nose and majority of today's daily candle lies above both oblique supports (major and minor) so got my fingers crossed that this is not a break of these supports and SP may bounce from here tomorrow (though not so confident it will, GKP often surprises). TF Although I'm sure your interpretation of RSI trendline break is probably correct I have taken a small liberty and re-drawn it so it hasn't broken out yet :whistle:

I guess tomorrow will be a telling day ')
screencast.com/t/0fQkjJyjLt4r
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GKP 09 Dec 2014 09:26 #210

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uk.advfn.com/p.php?pid=chartscreenshotsh...TNYw=&symbol=L%5EGKP

The rsi has broken support, the share price is lilkely to follow...
Watch thge 20 day ema...
63p vital here, a break and a few days below 63p...... :pinch:
Careful here now imho...could bounce back, and its holding 63p for now so lets see..

Regards,
Trendfriend.
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GKP 08 Dec 2014 15:48 #211

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GKP 05 Dec 2014 11:23 #212

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uk.advfn.com/p.php?pid=chartscreenshotsh...eY%3D&symbol=L%5EVED

I think this chart shows GKP is range bound atm...
It quite easy to trade it imho... look out for the rsi to hit that support line, should be around 63/65p area when it does..

It will break out upwards at some point imho, lets deal with that if and when it happens...until then i'm having fun trading this ;)
Regards
Trendfriend :)
Last Edit: 05 Dec 2014 11:24 by Trendfriend.
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GKP 05 Dec 2014 09:45 #213

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So we have gone to 67 and now its 63 that has to hold... expected more of a "woosh" up though.. not much of an attempt at 85. Maybe as far as the new agreement between the KRG and the Iraqi gov go, ostensibly good news, its still once bitten...
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GKP 02 Dec 2014 23:03 #214

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Tf - nice candle on your chart on 1 Dec too. 3rd day confirm it ?
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GKP 02 Dec 2014 22:58 #215

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I like to surf, 85 break, hold n closex2 and you will see a whoooosh. 63p must hold closing basis.

Year low and 85 us just banging in the base. For real strenght to start playing out a close abv 85 n 102 and the base will start pumping...possibly to that gap..with pullbacks along the way.

63, 68, 78, 85,102

cheers ws

quote="roxalana" post=11720]Yea,it was a cop out as i'm no surfer but there are plenty of sp drivers that would make such a rise a distinctly plausible possibility.
You see kk,i'm good at this whole cop out thing.
There goes another:) whooooooosh[/quote]
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GKP 02 Dec 2014 18:54 #216

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Yea,it was a cop out as i'm no surfer but there are plenty of sp drivers that would make such a rise a distinctly plausible possibility.
You see kk,i'm good at this whole cop out thing.
There goes another:) whooooooosh
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GKP 02 Dec 2014 18:37 #217

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roxalana wrote:
I will tell you what i reckon when we hit 110/120p ;)

Cop out! See my post 11th November....anything is possible or is that impossible? :whistle:
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GKP 02 Dec 2014 18:06 #218

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I will tell you what i reckon when we hit 110/120p ;)
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GKP 02 Dec 2014 16:42 #219

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Nice close, just above the 50 day ema!!

Tomorrow will be interesting.
uk.advfn.com/p.php?pid=chartscreenshotsh...i4=&symbol=LSE%3AGKP

Regards,
Trendfriend.
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GKP 02 Dec 2014 16:16 #220

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Are we ridin' a wave 3????

Roxi "Inv h&s is the dream, what will be the reality?"

Whadda ya reckon?
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GKP 02 Dec 2014 11:37 #221

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uk.advfn.com/p.php?pid=chartscreenshotsh...9pBE=&symbol=L%5EGKP

RSI breakout??
Watch 75p (50 day ema), a break above, and a retest of the recent highs is on at around 85p.

keep buying the dips imho... anyone doing that would be nicely up on this atm... ;)

Regards,
Trendfriend :)
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GKP 01 Dec 2014 17:33 #222

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Smiling sheepishly.....

EDIT: Ok, less sheepishly now :)

www.londonstockexchange.com/exchange/new...detail/12169336.html
Last Edit: 01 Dec 2014 17:53 by roxalana.
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GKP 30 Nov 2014 21:39 #223

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GKP 30 Nov 2014 20:59 #224

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How do you know this Roxlana?
thanks
Ade

Edit...oh wow just read the iii BB :cheer: B) B)
It could be an interesting day.

Luckily enough I had set my sl at 64p and it didn't get taken out on Friday....lets see what happens. Good luck all holders.
Last Edit: 30 Nov 2014 21:08 by AdeMcG.
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GKP 30 Nov 2014 20:22 #225

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Paynents to genel,dno and gkp by the Kurddish regional government to be announced in the morning.
This news will hopefully provide gkp and genel with some well needed stability and may help form a base for the sp.

Inv h&s is the dream,what will be the reality?
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GKP 30 Nov 2014 16:36 #226

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Hi Food,i look at your chart and find myself staring at an inverse h&s,am i madly deluded.......... or just plain old fashioned deluded?
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GKP 30 Nov 2014 12:21 #227

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Hi Richard,

GKPDaily28.11.14.png


if you recall I had 75 and then 64 as key supports. A break of 75 pointed to 64, being the 50% fib of the rise from 42.25. This happened last week as expected. We now also have a lower low on the daily, so the short term uptrend is broken. MA50 is also at 64 and that helped stop the fall on Friday.

So, daily breakout of downtrend failed and weekly resistance held on price and RSI (this was the key chart IMO).

I think GKP got off lightly with the E&P Co falls last week after OPEC - it usually excels in both directions so maybe more to come.

Next stop/support is 58.50 on daily, being the next swing low of 5/11 and the 61.8 fib. If that goes then we might retest the low of recent months. 58.50 needs to hold. First support below that is 50.

Trendline support on the weekly is in the 40 area but the monthly trendline support is right at 64, where we are now.

However you look at it, it doesn't look good and for me, 58.50 is a certainty now. If that breaks I will wait for 42. Hope none of the bulls here bought that false breakout :oops: .

GL
F4T

psyurmh wrote:
Hi F4T

I hope you are enjoying your new tools!

Do you still think that 59p should be tested and maybe even the 50p area?

Thanks again as always.
Last Edit: 30 Nov 2014 12:39 by Food4Thought.
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GKP 29 Nov 2014 15:48 #228

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Hey Richard - sent you mail.

This is from PRT

Calculation: This indicator measures momentum of the 5 last barsand subtracts from it the the momentum of the 34 last bars.

Notes: A histogram view is best for this indicator.

Interpretation:
"Saucer" Buy signals:
Generated when the histogram which is above the zero line changes its direction from falling to rising.

The most recent saucer signal cancels all previous ones (do not forget to delete pending orders after the signal is cancelled).

"Saucer" Sell Signals:
This signal is generated when the histogram that is below the zero line changes its direction from rising to falling:This signal is generated when the histogram that is below the zero line changes its direction from rising to falling.

"Cross" signals:
A buy (sell) signal is generated when the histogram crosses the zero line from below (above).

"Twin Peaks" signal:
A buy (sell) signal is generated when the histogram is lower (higher) than the zero line, and the last indicator's bottom is higher (last indicator's top is lower) than the preceding one. Between these two bottoms (tops) the histogram can never be higher (lower) than zero.

*I should add, it doesn't have to have a complete red saucer/trough to confirm the count as I mentioned in last post, if the upward trend is strong, the tips of the histogram can turn red, above the zero line and it can still reverse. Thought it was worth adding as nothing HAS to happen*

More scripts here.
www.prorealtime.com/en/library
Last Edit: 29 Nov 2014 15:58 by KoolKeith. Reason: added info
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GKP 29 Nov 2014 06:13 #229

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KK,, playing around with GKP on PRT last night and after many attempts I could not find the Chaos Awesome Oscillator anywhere in the Add Indicator section or elsewhere if it comes to that so would you be as kind to direct me,,

Many thanks

Richard
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GKP 28 Nov 2014 16:08 #230

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Cheers KK I now have my bedtime reading, would appreciate set up copy details of ACO for PRT please send to richie165(at)hotmail.com

Thanks again

SRB
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GKP 28 Nov 2014 15:45 #231

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Hi Richard,

Here's some info on chaos oscillator www.alpari.co.uk/education/market-analys...-oscillator-%28ao%29

Now mine is set up slightly different - someone very kindly gave me the script to copy and paste it in to PRT (Thanks Stevie!). Set up like this and in conjunction with elliot wave it helps pick out/confirm counts.

As for my MACD settings - these were also recommended, as you can see it's peaks and troughs look similar to awesome oscillator, just quicker timeframes.

If you want to try out the Awesome oscillator - I can send you the script to copy and paste into PRT.

GL
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GKP 28 Nov 2014 14:42 #232

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Yes your right Count should have read 12,,26,,9 thanks

SRB
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GKP 28 Nov 2014 14:33 #233

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I always thought 12 26 9 were the standard MACD settings....dohhh am I wrong?, which have already gone red.
Bounced off low of 65 so far today, which is very close to MA50 (currently 64.4) and an oblique minor support (~63.75).
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GKP 28 Nov 2014 13:30 #234

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KK, Thanks for your thoughts just a couple of questions for you,,,,,,,,,

1. I have heard of volume/price/momentum oscillators but I have never heard of the Chaos Awesome Oscillator before can you enlarge on what its based on please.

2. You don't use the standard settings (8,17,9) for your macd is that to give you and earlier indication of it turning or something else.

Many thanks

SRB
Last Edit: 28 Nov 2014 13:36 by SirRichardBunson.
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GKP 28 Nov 2014 12:40 #235

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Hey y'all,

Here's the chart I posted on the 11th November, I did think the resilience of the shareprice may take it a little higher to 92p area (shoulda stuck to this view!!!(remember cautiously bullish, doh!)), which would have made things easier moving forward - knowing it had taken out 89.75p - it didn't, so I feel this count is right and v waves up completed.


GULFKEYSTONEinv2.png


So my views are with this count and this chart - we have retraced pretty much to 50% fib but odds on we retrace to 61.8% fib around 58/59p for correction and end of wave 2 as I would like to see indicator turn red to confirm count - this is all assuming that the bottom is in and this is not a larger ABC correction in prevailing downtrend, as opposed to waiting for an impulse 3 upwards. Absolute confirmation though is not breaching low in the 40's! Law - wave 2 cannot go below 1, just can't see it though.

Updated chart:


GKPwavecount.png


GLA
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GKP 28 Nov 2014 09:15 #236

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Hi F4T

I hope you are enjoying your new tools!

Do you still think that 59p should be tested and maybe even the 50p area?

Thanks again as always.
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GKP 25 Nov 2014 10:16 #237

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Would you not say this has already technically broken out of its long term downtrend and just waiting for a 123 low break and close above 89.75? or are my drawings wrong ?

gyazo.com/af37236972c6b81336cac9e0ede8e091
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GKP 24 Nov 2014 11:33 #238

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Food4Thought wrote:
Yep, it's great. Pity the hourly isn't free also ;) . It also makes sense for the main posters here to use the same format. Less confusion. :)

F4T

Smaller time frames are free on the mobile platform - right up to 1 min chart - both for stocks & forex
dyor
redchilly
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GKP 23 Nov 2014 16:20 #239

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Psst! Now, if I could just get everyone to post images at least 1800px x 1112px, so they expand when we click on them, that would be great. They can be larger if you like cos Remo's software will automatically reduce them to a manageable size no worries. It just means the detail in the posts are so much easier to read - especially for those of us who are optically challenged :)

Big thank you for those who are sympathetic!
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GKP 23 Nov 2014 12:06 #240

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Yep, it's great. Pity the hourly isn't free also ;) . It also makes sense for the main posters here to use the same format. Less confusion. :)
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GKP 23 Nov 2014 02:02 #241

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Yeahhhhhhh!!!!!

Kool man. That's a great post.

Told you it was good innit! A world apart ;)

Come on, admit it you've been lovin' it in comparison to that ADVFN fluff!

:)

KK
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GKP 22 Nov 2014 10:31 #242

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Ok, first post with new toys!

GKPMonthly21.11.14.png


Monthly:
This months (not finished) candle in apex after touching resistance and retreating. RSI breakout.

GKPWeekly21.11.14.png

Weekly:
SP hasn't touched resistance line yet (next week @ ~82.50) and RSI at resistance. Bullish MACD divergence in play.

GKPDaily21.11.14.png

Daily:
Breakout downtrend resistance but not at equivalent RSI resistance yet (RSI usually leads). SP retreated below short term trendline (light blue) and RSI is retesting the equivalent short term resistance. IT did gap up nicely on Friday but failed. A gap down Monday would not be positive.

So, a mix really but generally technicals tell me that this should have experienced a sharper technical breakout on the daily on volume, but volume was poor last week. I will be watching the weekly next week to see what happens there.

As noted in an earlier post, one has to consider fundamentals alongside technicals when there is conflict. Why hasn't this exploded out of the downtrend as the technicals say it should have done?
For me, valuation is the big issue here for the reasons I noted before. Even the brokers agree lol. Am not sure which ones are being paid by GKP these days: probably Cantor Fitzgerald ;)

sharedealing.nandp.co.uk/broker-views/GK...stone-Petroleum-news

Cheers
F4T
[and thanks again to KK for the ProRealtime link and other comments. It certainly makes life easier on the longer time frames :)]
Last Edit: 22 Nov 2014 10:39 by Food4Thought.
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GKP 20 Nov 2014 16:05 #243

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F4T,

If you want to save charts to your own drive go to the very bottom left of your chart screen and hover over the icon on the extreme left; this gives the option to 'Email; Print; Save; Facebook; Twitter'. Opt to save and you can even specify what size you want to save. This is the best way to save and have access to your charts whenever you like.

Hope you find this useful..
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GKP 20 Nov 2014 09:05 #244

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Ok, my page looks like this with several windows, available to maximise. I've marked on how to save file (charts) and your template (you can have multiple templates).

screencast.com/t/mlWxGb5pbf
Last Edit: 20 Nov 2014 09:21 by KoolKeith. Reason: additional info on screenshot
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GKP 20 Nov 2014 08:48 #245

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Hi f4T,

Go to the tools window, at the top it says file. Hover mouse over it and go down to save.

Just gotta do school run - back in 5 mins - if you don't have that window, I'll post a screenshot of how my page looks.

KK
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GKP 20 Nov 2014 08:39 #246

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KK, on prorealtime, how do I save charts? I lose all except one when I exit! Can't seem to find the solution.

Ta.

If you could post a screenshot it would be great. There is a save button under File on the dropdown menu, but that doesn't seem to do anything.
Last Edit: 20 Nov 2014 08:57 by Food4Thought.
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GKP 19 Nov 2014 23:42 #247

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Well done lads; I think we killed off trend lines for good - lol!

Cracker!!
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GKP 19 Nov 2014 22:59 #248

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Libero/Monkeyz, that's the best chart pattern I've ever seen! You should copyright that as it's obviously the most powerful pattern known to man!!!

Here we go.....

The Middle Finger Reversal Pattern

The Middle Finger (reversal) Pattern : The Middle Finger reversal pattern forms after an uptrend, and its completion marks a massive trend reversal. The pattern contains one almighty peak with the middle finger saying F00k U! The reaction lows at the base of the peak (known as the fist) can be connected to form support, It's better known as a clenched fist.

Prior Trend: It is important to establish the existence of a prior uptrend for this to be the mother of all reversal patterns. Without a prior uptrend to reverse, there cannot be a Middle finger reversal pattern.

The Fistline (or clenched fist): The fistline forms by connecting low points 1 and 2. Low point 1 marks the thumb and index finger and the beginning of the middle finger. Low point 2 marks the end of the middle finger and the beginning of the left two fingers of the clenched fist known as the ring finger and baby finger, sometimes known as 'pinky'. Depending on the relationship between the two low points, the 'fistline' can slope up, slope down or be horizontal. The slope of the fistline will not affect the pattern's degree of bearishness - the outcome will always scare the sh1t out of shareholders and traders alike.

Volume: As the middle finger pattern unfolds, even volume plays no role in confirmation. Forget volume indicators (OBV, Chaikin Money Flow) chuck 'em out the window.

Fist Break: The middle finger pattern is not complete and the uptrend is not reversed until fistline support is broken. Ideally, this should also occur in a convincing manner, you will know how convincing it is by how pale your skin turns if you are 'locked in' or have forgotten to place a stop as you will literally be scared sh1tless.

Support Turned Resistance: Once support is broken, it is not common for this same support level to turn into resistance. Only sometimes, but mostly never, the price will return to the support break, and offer a second chance to sell, if not it is really, really saying f00k u!

Price Target: After breaking fistline support, the projected price decline is usually around 90% and you can forget Fibonacci retracements, or long-term moving averages as this pattern is the biggest F00k u pattern ever to be seen. It is considered darker than a "Black Swan'event, and is known in some circles as 'The Black Bear.'

Overall performance rank(1 is best):1 out of 100
Break even failure rate:1%
Average decline rate:90%
Pullback rate:1.5%
Percentage meeting target:99%

Overview: if you see this pattern forming, DO NOT wait for it to complete! Hit the sell button as fast as you can before it really tells you to F00K OFF and never come back!

© Libero & Monkeyz - additional research KoolKeith.
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GKP 19 Nov 2014 20:37 #249

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lol...brilliant chart Libero! :lol:
Information purposes only, Do your own research,
All share trading carries risk,
Ronnie
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GKP 19 Nov 2014 20:13 #250

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Lib, I know I'm a bit slow sometimes :) but not that slow - lol! As I said - love it :)
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