GKP

Spot on perfect per my post 23/7..... hoorah! o)0)

Gkp bounced of the trend line this morning perfectly.Was a good place to go long on a first attempt basis.
If it finishes below the trend line then it could head towards 150. So this trend line is important .


dl.dropboxusercontent.com/u/4899609/gkp31stjuly.png

dl.dropboxusercontent.com/u/7238706/GULF%20KEYSTONE.png

Well, this is my take on it. Obviously, could be wrong, but my next order is in as follows...

Long 169.00 (should be 168 really but have missed out too many times by 1p)
SL 162
Target 202 (but may close at 198)

Well, it failed to hold on to the 180p level:

picasaweb.google.com/lh/photo/o9LPyxWRsp...EZOI?feat=directlink

In again at 176p, I just hope it pushes on from here....any advice on a stop loss position here?
Not used to trading this one

Here is the weekly updated charts & a daily one to throw into the mix - commentary on the charts.

my view remains bullish unless a close below 148 - 155 on a weekly basis & esp the low, i would like to see 182 get taken n hold for further upside

focus on price not emotions....feel free to share

GKP Daily chart




dl.dropboxusercontent.com/u/40497882/GKP...kout_20th%20July.JPG

Daily chart with Ichi





dl.dropboxusercontent.com/u/40497882/GKP...Ichi_20th%20July.JPG

Weekly close up



dl.dropboxusercontent.com/u/40497882/GKP...0July_close%20up.JPG

Weekly chart



dl.dropboxusercontent.com/u/40497882/GKP_weekly_20thJuly.JPG

Rgds WS

WaveSurfer wrote: lets get abv 166 and then 172 on bigger time frames 1st, for further confirmation...what we do know is gkp must not close below the recent lows.

if i'm right abt my count then the all times high should be seen at a minimum and perhaps more.

let's stick a fork in that weekly chart and let's use log scale - to see what it comes up with...lets use some fibs too...

maybe we go something like this...no point looking at blue sky until lower numbers are taken out, perhaps when approx 400/450p does come most may just cash in but the question then remains....will it be too early




dl.dropboxusercontent.com/u/40497882/GKP...othe_future_PIII.JPG

not a recommendation to buy of course & not intended to get everone excited... but i must look at the options based on a chart, just as we looked at downside targets previously....dyor.[/quote]

sky news reporting that a deal is about to be reached with gkp & board members