GKP

Let's agree to disagree.
totally agree there.
Everyones entitled there own opinion.
For me i Never followed the crowd apart from when i started trading and that was when i had the most losses.
I always Enter before the crowd and not with it.When ever i place an entry its not with the crowd.
Like i said,Most people lose in the stock market and that is a fact. Theres only a few people that win and these people are not crowd followers.They are most likely system Traders(people that leave emotions out of trading).
This topic is very arguable for both party and we could probably argue this until were both blue in the face.I do understand what your saying about the crowd as you need the crowd to push the share price higher.
Like i said no hard feelings as everyone is entitled to there own opinion and im glad you expressed your opinion. It is a discussion board after all.
remo

Hi Remo, This is my first post here. As you know I am still a learner. Would you kindly help me to know that 123 low breakout? On your post 10 Jan 2013 08:52, you said with your graphic img that 123 breakout. Could I ask you to put number 1, 2, 3 on your graphic img, so help me to know this 123.

Also we see the highest sp is 219.25p, can regard it as resistance, similar to Jackozy 217 resistance. According to my 2 year GKP candlestick chart, the support is 170p near future, may in 1 month time scale. So would it be 170 as support or 203p as support?





Don't know my insert file would work or not, I give a link below.
uk.advfn.com/p.php?pid=chartscreenshotsh...LPWYT&symbol=L%5EGKP

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.

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

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.

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.
demo.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