Hi,

In April 2013, I viewed a Spreadbet Magazine article, that was bullish GulfSands Petroleum [GPX:LON].

Instantly on seeing the chart I recognised a High Quality Inverted Hunt Volatility Funnel [Inv HVF] in formation. In short I was very ‘Bearish’ from first glance.

I did a draw and concluded a weak rally would likely commence, possibly just running the 100p level.

HVF Law 101 -‘Key Levels of Significance’ are usually just run due to ‘Order Clustering’ at key round numbers.

From there, my suggested short point at 102p, I expected a collapse below 29p, in short less than 30% of the market Capitalisation to remain.

This was a Psychologically difficult call, during April 2013, I was bullish Oil and this was a Oil exploration company.

It seemed I invoked the ire of a few on Spread bet magazine, Gulfsands also appeared to have a sponshorship there with ‘positive’ newsflow blurbs, everywhere and regular coverage, almost universally bullish.

In the end this call was the precursor of 2 huge MacrEconomic, Geopoloitical Themes, Oil selling off from a high in Q3 2013 of $112 [All time high double top in 2011 in $130’s], all the way below $30 and A long run Stable Syrian Nation under Assad, being ravaged by ‘western backed’ Rebels.

Here was my take for the short call, in some charts. Sell at 102p on a Limit Order Initial Stop 120, later to RH3 of around 104p, Target 29 p.

Add to the trade and overall risk on the 79p level breaking [Just-in-Time entry] with Target remain 29p, stop the later confirmed RH3 of 104p.

Charts below, and the un told wind at my sales the coming oil crash & Syria unstability. GPX’s primary assets were Syrian.

Plus the Original Call on Youtube from April 2013 below

 

The Chart short call entry.

 

21.04.13-2159-GPX-Counter-point-Zak-Mir

 

Later after an entry short is made at 102p, the pattern breaks the traditional ‘Just-in-Time’ Entry level at 79p, it does so impulsively.

 

June 2013 GPX-Gulf-Sands-Petroleum-8hr

 

A little later we have further progress, after a ‘2nd chance’ return move to the funnel.

 

05.09.13 GPX 2nd interim#

 

There was a wind up set up after the second Interim run, leading to a strong pull back close to funnel entry, followed by a setting up around the 60p axis level before further spilling

29.1.14 1546 GPX D2

 

Target was made.

 

2014-02-18_11-14-47 Target made

 

HVF Law number 2 ‘Keep On Keeping on’, see’s GPX trade as low as 2p currently 6.75p after a volume bouncea day before Putin called Mission accomplished, as Zak refers in the podcast below.

https://audioboom.com/boos/4357527-insider-footsteps-gulfsandspetroleum-revisited-price-behaviour-gives-you-the-insider-steps-on-oil-syria.embed

 

Was it all just a conspiracy.. did certain people know what was coming?

 

The Podcast Link

https://audioboom.com/boos/4357527-insider-footsteps-gulfsandspetroleum-revisited-price-behaviour-gives-you-the-insider-steps-on-oil-syria.embed

Would you like to learn more about the power of HVF Theory?

Contact me on Trader@TheMarketSniper.com or look at our Products & Services page.

Warm Wishes

Francis Hunt