GKP

Remo,

Thank you very much for your reply. Really appreciated. I now understand the 123 signal now.

BTW I always use daily chart, 5 minutes chart. Not for trade, you know. I just for fun.

Fa

hi food4thought
Thanks for your concern
but ive been beating the markets for a very long time now and you just have to look at my recommendation .I trade every thing out there so to do that its very difficult. Just go through all my post and see how many tips ive given.(Just look at my recent blog on trades update) You also need to bear in mind i have a system and i take profits pretty quickly.
this subject is arguable so lets just agree to disagree.
thanks mate

Food4Thought wrote: Remo,

it seems we have different definitions of the word crowd. My definition is the majority and it is the majority of transactions that move the market. I am not sure what your definition is. Perhaps you mean the majority of amateur PI's that post on public internet forums.

If that is the case then I agree.

If not, then be careful in thinking that you can beat the market mate. Contrarians never win in the long term, that is a fact.

I am going to leave it there.

F4T

hi greenhill
on my chart on the 10th jan i have labelled the 123 breakout.

heres is a close up



here is another example with the higher highs and lows labelled.


dl.dropbox.com/u/4899609/gkp123example.png

heres the link to the 123 low write up in the learning section that may help you to understand it better.
chartsview.co.uk/learning/123-low.html

on my chart i have the resistance as 217.5 and that level got tested on Friday and it held.

203 is support and also the trendline at 163 (changes daily). since your using the monthly its harder to be precise so you should look at it from a daily view to be able to get a more accurate price.
so both the levels you mentioned are more or less there as support.
I think your chart is of a daily chart and not monthly.

hope this is helpful

I believe GKP rising is the rolling coast again. As those brokers have to write the articles for encourage people to buy shares, obviously GKP is one very contradictory attracted shares. The political problem is having in favour of GKP, but not break thru yet. Interesting time and also anxious time. The court case still has some months to get the judgement results.

This recent rise is due to the brokers recommendations. Nothing changed from the end of Dec to the recent a few days in terms of news.

Remo,

it seems we have different definitions of the word crowd. My definition is the majority and it is the majority of transactions that move the market. I am not sure what your definition is. Perhaps you mean the majority of amateur PI's that post on public internet forums.

If that is the case then I agree.

If not, then be careful in thinking that you can beat the market mate. Contrarians never win in the long term, that is a fact.

I am going to leave it there.

F4T

Hi remo, when I was writing my post, you have submitted a post 14:25, which answered my query about the support figures. Many thanks.

However, hope you will teach me about the 123. Lol.