GKP

It's quite simple KK, I use closing prices for my trendlines as they are much more important than the range. It has been tested over many years and works for me.
If there had been a breakout of that long downtrend the SP would have taken off like a rocket. It hasn't, no matter how much TF wants it to

As for charts, thanks, I will look at prorealtime but ADVFN works for me and you are right in that they are only part of the job.

GL
F4T

Hey F4T,

Since I first posted here last summer, you have called this pretty damn well if not spot on since I've joined this forum, so real respect - you truly know your onions. I think peeps get a little carried away with this share - not on this site, it's more of a challenge as it's such a volatile share - so your opinion is very important and grounded - well to me it is.

I just wanna say one thing - I tried to use the advfn charts once, in fact i tried long before I got pro real time. I found them really slow and sluggish (Flash maybe?) You too trendfriend, why use them when prorealtime is free. I also tried Barclays - pants!! As a side note I think if you trade twice a month with IG you get live prices free and their live charts. You specify the Ram of your putah up to 8 gig, and its super fast if your computer is. Software obviously doesn't make anyone have an edge or anything, but there is one thing..........

Now built in pro real time, is a kinda auto trendline ting. I always turn them off 'cos I was taught that charting should be as much an art, a feel as much anything technical. And a support/resistance line should be a line of most touches really, but almost always starting with a swing high or swing low.

So out of interest today I turned the auto trendline on for a peak - not done it for years, and lo and behold the trendline is - not exactly the same, but pretty, pretty, pretty (Larry David voice) much in the same place as myself and red chilly have it. It spells breakout to me. Now that absolutely does not mean it couldn't spin right back and fail, but its software is showing it as a breakout with backtest. I am always learning and whatever shall be shall be - however it plays out. I'm really interested why your trendlines are different for GKP? As i said, it is subjective and there is no right or wrong in my opinion, I just wanna know and learn.

I hope this doesn't sound silly - maybe you've tried prorealtime and don't like it - also fair enough.

Here is it's auto trendline on the weeky....



screencast.com/t/u2PvvCKQohq

Thanks in advance,

KK

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

Looks like a RSi breakout giving a hint.

Regards,
Trendfriend

dl.dropboxusercontent.com/u/7238706/Gulf...Ltd%20%28wkly%29.png

Fascinating where the fib levels fall on the weekly chart.......ok, I admit, there are more interesting things in the world, but I'm a bit anal when it comes to a balanced chart - lol!!

Trendfriend wrote: I think the analysis has been pretty well covered here on Friday by RC and KK imho. havent had a chance to catch up with other post since tbh.
Here's a chart in any case.
uk.advfn.com/p.php?pid=chartscreenshotsh...sWp8=&symbol=L%5EGKP

The bullish crosover of the 20&50 ema's, has not been mentioned, sometimes these can result in a explosive move, sometimes they don't have much effect tbh. i prefer the (50&200 day crossover).

Here is what happened the last time we had a 20&50 day crossover and the price action was at around the 80p area, back in 2010.
uk.advfn.com/p.php?pid=chartscreenshotsh...FM%3D&symbol=L%5EGKP

Regards,
Trendfriend.

Hi TF can you please link me to the candle formation "middle finger" ??

I think the analysis has been pretty well covered here on Friday by RC and KK imho. havent had a chance to catch up with other post since tbh.
Here's a chart in any case.
uk.advfn.com/p.php?pid=chartscreenshotsh...sWp8=&symbol=L%5EGKP

The bullish crosover of the 20&50 ema's, has not been mentioned, sometimes these can result in a explosive move, sometimes they don't have much effect tbh. i prefer the (50&200 day crossover).

Here is what happened the last time we had a 20&50 day crossover and the price action was at around the 80p area, back in 2010.
uk.advfn.com/p.php?pid=chartscreenshotsh...FM%3D&symbol=L%5EGKP

Regards,
Trendfriend.