GKP

wassup folks - no change in my view still bully based on longer time frames, after all im invested for the long term and not interested in the min to min day to day moves...

monthly chart.....take note of potential ema cross, macd also starting to turn up, rsi backtest ( weekly) and can it pop through this level and close abv 182/84 & esp 187 by EOM... if it does watch it move.

dl.dropboxusercontent.com/u/40497882/GKP_Monthly_Aug13.JPG





Weekly chart:

dl.dropboxusercontent.com/u/40497882/GKP_Weekly_aug13.JPG




Dyor...

Rgds WS

i think you should take the drawings off and look at the wicks and where they terminate on those significant candles.
It clearly shows price levels that traders decided were too cheap or too expensive. Get through those levels and trade the horizontal support and resistance. Could be trapped in this range for a while. nobody knows. Volume isn't really giving anything away so you just need to trade off the levels.

Hi
GKP seems to be struggling around the MA200 or is it just consolidating ready to make a move upwards?
Also, there seems to be some inside bar consolidation going on for the last few sessions which seems to look like a bear flag - or am I drawing silly pictures??

rt0.e.prorealtime.com/ProRealTimeNew/dis...4v&type=png&purpose=

Gee

WaveSurfer,

Yeah, I know you're right; trying to be cheap and it cost me money - silly old -ugger! Had I done the job properly I would still be in the trade and it would have cost me nothing. So mad at myself for being stupid (: (:

last swing low on 4hr chart diver <155 or 151.

quick chart

dl.dropboxusercontent.com/u/40497882/gkp%204hr_31July.JPG

And spot on imperfect for the stop loss!...... Grrrrr! And the trend line took a hammering too
There has to be a better way of determining SL's. Anybody got any suggestions??