GKP

You have a good point of course Bunson. I agree that what you suggest can be positive in terms of the learning curve, but I find that publishing trades often leads other traders to follow the lead instead of composing their own strategies and then if the trade should fail there is remorse and ill feeling. Not always, but even once is enough. Losing money is painful and anonymity does not help to control bitterness.

What I try and do is show the chart and highlight the indicators in play. Readers are then able to research those indicators themselves and draw their own conclusions. Even in hindsight this builds confidence and skill. Too many readers of these boards are too lazy to do the work and it is those that get upset when things go pear shaped.

Even when just highlighting the chart and indicators one is open to negative comments and/or correction from other traders that happen to use different setups. This is common and you see it on all boards. People are stubborn. I am!. There are many ways to trade.
I upset Diver one time because I just could not get to the bottom of one of his setup's / strategies. I plainly just didn't understand it, but that didn't mean it was wrong or flawed. It clearly worked for him. Remo (god bless him) is just too much like a schoolmaster. Too black and white IMO.

The best discussion board that I have participated in was that of Jackozy. The guy is both a good and experienced trader but also a good teacher to beginners and he also embraces other methodology that he might not use himself. It promotes harmonious discussion and learning. Such a pity he could not continue his good work.

I have a good reason for posting and it is completely selfish. When I post my idea/strategy/setup it forces me to be thorough in my work and this helps me to limit errors. If it helps others then great.

That's all. GKP rising, so I will post again when I think we are at another crossroads.

GL all
F4T

Perhaps I should have added my proposed trades

GKP Will go long on a close above 108.96 ,,1st target t-line (today 125.58 )
Will buy on 24%/38% on any retrace from todays high so far 108.50 and 79.25 low

All these will be based on good indicators from the book L2

SRB

You know F4T I think sometimes that's where we as a board get it wrong, that is not publishing/discussing our trades prior to execution . I don't mean the amount's involved I mean entry and exit levels prior to the actual execution.

From a technical point of view we all know/discuss the supports/resistance's/t-lines and fibs but as a group we trade individually. Some might think that might be the best way but I for one would welcome people discussing their possible entry and exit levels and reasons why, not to be persuaded on placing a trade but maybe to confirm my own thoughts.

What do you think ?

I don't like to publish my positions, but yes, I sold late yesterday and today.

uk.advfn.com/p.php?pid=chartscreenshotsh...DHYibKxqpsrvwJQCmFY=

I have just looked at and redrawn the daily. I have a trendline (red) that cuts the second breakout point from yesterday at 88/89. 61.8% fib of rise is in the 90 area. I will wait for these to re-enter, all being well. It may take a while but I can wait. I expect lots of volatility over the next month. If it doesn't get there, so be it.

As expected the retrace has been fast and deep. If it continues rapidly I will review again.

Cheers
F4T

Hi F4T, no, I took my stake out at various points over 250p (from 9-11 p) so the free ones I have just let ride, yes in hindsight I should have off loaded at 450p and bought many more back at 80p but I am not a great entry / exit point man and often dont have the time to watch.

So, have you sold on the spike to 107p this morning?

Will you re-enter and may I ask at what price point?

Cheers
Ade

No worries Ade, I know how frustrating this share can be. The falling wedge and divergences pointed to a bullish move as noted a few times in this thread. It was just a matter of being patient and flexible. I always find it curious how often fundamentals somehow support technicals.

Wow, you held to 450 and back. Very brave.

What would you call true value? I thought the CPR put the assets in the 68p area? Best stick to the technicals on this one and just trade IMO. Too many people have lost their shirts here.

I had been waiting since 185 to re-enter and did so when it seemed clear that 64 was unlikely to materialise.

Cheers & GL
F4T