GKP

F4T - that's why I don't like ADVFN charts, their data isn't as accurate - this definitely went to 465p, I remember the day it hit the high, it was 465p.

Go on download Prorealtime www.prorealtime.com/en/workstation it's free. ;)

I think 465 was an anomaly. Using the closing prices for trendlines takes out such problems with odd trades that give different traders different results, but it does provide problems with plotting fibs etc when different providers use different data. I will look a prorealtime and let you know how I get on.

dl.dropboxusercontent.com/u/7238706/GKP%283lineBreak%29.png

All this talk of trendlines and PRT/ADFN got me looking a little deeper into PRT optional views and I found something I'd not seen before, namely 'Three Line Break' charts. The above shows daily activity for GKP going back to Sept 2004 on one page! These charts use closing prices, and continue to plot in the same direction until the closing price exceeds the high or low of the previous three days, hence drastically reducing noise and providing a much better indication of the trend. This also provides very clear indication of significant supports/resistances.

My apologies if I'm preaching to the converted here and everyone, bar me, is well aware of these charts; but I found them very useful.

Thanks Diver - interesting!

looking at the post, you really need to click the link to get much from the chart....I'll post another, more condensed view.

dl.dropboxusercontent.com/u/7238706/Gulf...0Ltd%20%28DFB%29.png
Hopefully this is better