GKP

remo wrote:

Jackozy wrote: Hi Tj,



Re GKP, no, I'm not back in. I'm still waiting as I don't see this downtrend as complete yet. I might even have a cheeky short if it gets close to 161p

We'll see...

Ive tried many times to short GKP but my broker does not allow it. Its got some sought of ban on shorting it. Who do you use to short GKP ???????? If its possible..

Remo, sorry for not getting back to you before.

You can definitely short GKP,, maybe not with IG, but you can with Saxo and probably some others too. The only thing is that following on from the volatility up to 450p, Saxo increased GKP's risk rating and hence the margin required too. It was 15% but is now 25%. I think this was a good move as it's in their clients' interests. Saxo seem to want their clients to win whereas IG seem quite happy for theirs to lose.

Just my opinion from my own experiences with both.

PS Saxo's platform is much more professional too. Open a demo account with them and try it.

Hi TJ - where the final 5th wave stops within the low of 3. so in this example 126 be the low of 3, 4th possibly in play to 145-161, followed by a final wave down to make a 5 wave sequence. can it happen - yes, is it likely to - dont know, but cannot rule it out due to the nature of the move down.....my preference is a slightly lower low with an ending diagonal structure.. be just perfect..... i just like to keep all option open until they remain null and void that means a break and close below yesterday low or a move up abv 161.

am i surprised by the bounce of 126 - hell no.....

and Kudos J on sxx....

Tejassi wrote: Hi WS Sorry don't understand what you mean by this?

WaveSurfer wrote: I would also not discount the possibility of a truncated 5th. i watch and observe

rgds WS

Hi Jackozy are you back in GKP again at this time and suggest 161 as an exit point? Got to admit to being tempted @127p yesterday almost bought

Regards Tej
PS Well done for selling SXX @28p

On the basis corrective waves run in 3,7,11 etc, and this is clearly displaying 7 swings from X this could well be the bottom, especially as the fib extensions from both BWX and XAB both point to a finish in this area. There could, of course, be an extension to make this a triple complex correction which would consign the SP to the depths But, looking to the bright side this should retrace to the target area of 157-165 an from there, I hope, head north. Personally I wouldn't get involved in any trades until the 161 level has been tested and it is at this level I would expect to see the 123.

Interesting days ahead?

Jackozy wrote: Hi Tj,



Re GKP, no, I'm not back in. I'm still waiting as I don't see this downtrend as complete yet. I might even have a cheeky short if it gets close to 161p

We'll see...

Ive tried many times to short GKP but my broker does not allow it. Its got some sought of ban on shorting it. Who do you use to short GKP ???????? If its possible..

Hi Tj,

Re SXX, thanks. I thought it was a cast iron sell at that level. There were about 6 resistances all within 1.25p and would have been easy just to go long again on a close above 30p so not much lost even if it broke through.

Re GKP, no, I'm not back in. I'm still waiting as I don't see this downtrend as complete yet. I might even have a cheeky short if it gets close to 161p

We'll see...

Hi WS Sorry don't understand what you mean by this?

WaveSurfer wrote: I would also not discount the possibility of a truncated 5th. i watch and observe

rgds WS

Hi Jackozy are you back in GKP again at this time and suggest 161 as an exit point? Got to admit to being tempted @127p yesterday almost bought

Regards Tej
PS Well done for selling SXX @28p