Ocean Power Technologies Share Discussion Threads

[neilbuc] 29/2/2012 22:05

Oohhhh Hello there fibo cluster in time and price!

Keep a close eye on this. Outside Reversal candle too.



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[k3nw00d] 29/2/2012 08:39

cool ! Cheers guys ;-)

[neilbuc] 28/2/2012 22:26

Euro.....below 1.2621 May/June 2012......if my count is correct!

[andonis] 28/2/2012 21:31

maybe retrace to 1.3415.... but it depends on time scales.

[k3nw00d] 28/2/2012 20:54

Guys, if you recon the Euro is going to get to 1.3533 - 1.3544 then drop, where do you expect it to drop to ? Cheers in advance ;-)

[andonis] 26/2/2012 11:18

n. I see no never used the system. Although I know there are so many one needs books to learn about them. I guess you use it successfully otherwise you would have been skinned. It is a major point that tips are no good for people who follow a specific system. When i say buy could be the wrong signal in another system. I guess in a trendline all systems must be in agreement and those which do not must be no good. Well you can tell us more about your experiences on the 4H system as I have no time to read it yet. It will take time for me but as you know i have my own ways.

[neilbuc] 25/2/2012 18:08

Adonis...yes....I to am looking for a short in Euro.....hasn't presented itself yet. There is a 1.618Ret @ 1.3533 too, pretty close to your 1.3544 :)

I have other setups in Euro though: check this thread for ways to trade currencies:



and also



I have used Phillip's 4H system for a number of years.

[neilbuc] 25/2/2012 17:55

SPX simple count. There are 13 Complext correction patterns according to Elliot Wave academics. IMHO they are of no pratical trading use and you can make anything fit. I am simply looking for this E wave to complete and it should break down into a Zig Zag. When it reaches the top there should be a candle pattern/signal. At that point I will try a Short Option on the SPY. Time wise there is a H-L-H on 9th March. There are also some Fib clusters for calendar days and trading days coming up next week 100TD, 161CD, 244CD etc etc from previous major highs and lows.



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[andonis] 25/2/2012 16:38

Consider shorting the Euro at 1.3544

[lokesh8] 25/2/2012 14:10

Savros28
LOL ....Im trying to Predict what to have for tea this evening that's harder then the Market.

[stavros28] 25/2/2012 12:36

Ladies and Gents dont waste your time trying to predict the market direction further out than one month its a waste of time. You are fooling yourself you know that I know that!!

Stavros options bull

[andonis] 25/2/2012 05:30

neil, you dont have to agree just use your ways..... A c-wave maybe fractal

[k3nw00d] 24/2/2012 19:33

Neil, Can you chart it so we can see that too.

Neither Lokesh or myself really know this stuff and as you know we are both trying to learn it, seeing both sides of the coin would be useful ;-)

If everyone in the world agreed on everything, it would be a boring place !!

I know I keep saying this, but all the stuff you guys put up is much appreciated, thanks again...

[neilbuc] 24/2/2012 18:43

A....that EW charts is way over complicated IMHO. I also don't think that a corrective wave sub divides into 2 other corrective waves. I certainly cannot find it in Frost&Pretcher. A simple ABCDE zig zag correction fits perfectly on the Daily chart.

[k3nw00d] 24/2/2012 11:40

Looking good !!

Any thoughts on Eur/USD..... I "watched" it on and off last night and kicked myself that I did not click the button as would have made a few pennies ;-)

[andonis] 24/2/2012 10:58

Elliott Wave Analysis FTSE

[k3nw00d] 24/2/2012 08:05

LOL - Mental note to self, when you decide what you are going to do.... CLICK THE CORRECT BUTTON !! DOH !

Looking good guys, once again, brilliant info, it may be a steep learning curve, but it's flattening out ;-)

Hope you are all well today ?

[lokesh8] 24/2/2012 00:01

A
thanks, will take care....

[andonis] 23/2/2012 23:41

Someone has to short the euro - usd near term but after the inner circle break out its gonna be bullish...see bounds of outter circle

[andonis] 23/2/2012 22:49

Lockesh8 we may have another week on those or higher levels maybe even 100 points so be careful. I will be suprised to see such a rise but its possible. I am short but with care... margin....

[lokesh8] 23/2/2012 21:55

I have shorted the Dow ....will swing trade it now .....lets see where we end up.
using IG Index now.

[andonis] 23/2/2012 16:44

Yes k3 but 10k is also possible we will see.
neil...yes 2012 I expect a buy. make sure we dont spend it all....

[neilbuc] 23/2/2012 13:16

Yes Adonis a little break. Notice how years ending in 3 have been time to buy. 1993, 2003...2013?

[k3nw00d] 23/2/2012 13:10

Hi Andonis, so, from the above, do you expect a slight dip towards 12000 point where it will then bounce off the support line ??

I am just trying to learn more stuff here, so sorry for the stupid question ;-)

[andonis] 23/2/2012 12:41

US stocks may have a temporary perhaps break. As you know FTSE and DOW are in synch. The DOW as you can see is also due for a little break....