Gulf Keystone Petroleum (GKP) aaaaarrgh! yeaaahh, and ooooooh!

Dum dum da daaaar. Here it is, well and truly in profit , though still a million miles off from being a millionaire. Still this is making up for a lot of stress and heart ache.

GKP, XEL. aka my oilies.

GKP, has Blue Sky above it, XEL doesn’t. It has a big bad trend line above it.

Though I believe we still have quite a way to go, so I am not worried that GKP will retrace much more and I still feel I will get my money back from XEL. Patience is key and watching the price move in this manner is comforting.

I like it when there is a shallow retrace, a consolidation at a price forming a nice platform to launch off.

PS. I have some RRL but as it’s not doing anything exciting I wont put a chart up yet 😉

End of day, end of week round-up

Been a good end to the week for the most part.

GKP is +100% up, so I am going to be in profit and hopefully a lot more from now on. In my previous post I have stated already that I will be trailing my stop up with the swing lows, so fingers crossed that in a weeks time I will have locked in todays high. We’ll see.

XEL is off the lows and some news has come out today which explains a little of the stagnant price action. If this is the last hurdle before the rig is set to go we should see a bit more of a rise in this share. I need this to go up a lot so anything will help with the nerves.

All of my daily trades on the forex are now at Break Even, though that is all I may get as Greece still seems to be fucking up any decent trends. Anything that is already in a trend is too expensive to get involved with , so hopefully the currencies that I am trading make a move regardless of the Greeks next week.

I am in one new trade, USD/JPY , it’s a 1:1 risk reward trade and is based on an hourly breakout. Though all that happened today was my entry got hit and we formed a frickin triangle.

I didn’t want to lose my arse on a Friday and I feel happy to have all my long term trades at break even or better. Well apart from XEL but that is in an ISA and forms the basis of my pension. So I can’t touch it anyways.

Gulf Keystone Petroleum and Xcite Energy

End of Day update ::

So we ended up above 380p , I am going to wait to see what news comes out and what reaction the PI’s have to the news.
So my shares are actually doing something.

GKP is moving north and XEL have been in a holding pattern whilst the II’s get some private financing sorted. Thanks for letting us know !

However, all is good with GKP and if we close above 310 ish I’ll be moving my stop up to reflect the latest swing low on the P&F charts. I feel that while the average volume is high, this is my time to use my new trading skills and get some more shares. Just in case this does go to the moon. Though if it is all hot air, or WW3 kicks off and the share sinks to an unknown level, I don’t want to be moaning that I should have taken profits.

Gulf Keystone Petroleum

If we get above 310p and close based on the ProRealtime I’ll be putting the stop a lot higher.

Though going by the P&F chart I should move the stops now! What to do ??

Though if you go by the following chart, I am pleased to have closed above the RED line but I am still aware that until we are out of the BLUE box we are potentially in for some whip sawing crap as people take profits, shares get manipulated and god only knows what else. I am thankful for the increase in my equity though, I just don’t want to lose it all again.