GKP

Hi richard
109.572 is the main level to watch as thats where the 123 low breakout point is.
Its still the important level to watch. The green light for GKP will only come once that level is cleared. Even then you still would be cautious so would have to use stops. The normal place to put stops would be below the 2 point but in gkp case its too far away so i would place it below 100 so maybe 97 as there is some support there.
There is no need to rush in to trading this share until some green shoots pop up.


dl.dropboxusercontent.com/u/4899609/gkp2ndapril2014.png

psyurmh wrote: Hi guys,

First post for me. I am also someone who has moved across from Jacko's site.

Are people still waiting for a break of 109p to go long or now that we have had a low lower than 96p is the 109p irrelevant?

Thanks

Richard

Hi guys,

First post for me. I am also someone who has moved across from Jacko's site.

Are people still waiting for a break of 109p to go long or now that we have had a low lower than 96p is the 109p irrelevant?

Thanks

Richard

RC your first 123 low target ~102 has been hit. Good call.

SRB there's two 123 low's on GKP daily chart

1) 1 = 81.93 low on 1/4
2 = 109 on 9/4
3 = 83 on 23/4

2) 1 = 83.25 on 23/4
2 = 92.82 on 25/4
3 = 83.75 on 28/4

I am trading the second 123 low as its better R:R and SL is not too far away!

Redchilly, I presume your doing that on the basis of the 123 low on the hourly and not the proposed 123 low on the daily. Just thought that you might want a close above 92.82 to confirm that possibility or have I got your trading plan completely wrong ?

GKP 123 low breakout
I have gone long at break of 93
SL is below 83