BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board
 
INDustry distribution
Post Reply
 
Thread Tools Search this Thread
      01-18-2012, 10:11 PM   #1
prichards516
Lieutenant
 
prichards516's Avatar
 
Drives: e92 M3 zcp
Join Date: Sep 2010
Location: Long Island, NY

Posts: 453
iTrader: (2)

FOREX Market Thread - Technical Analysis

Out of curiosity, how much of my fellow enthusiasts are into trading currencies?
prichards516 is offline   No_Country
0
Reply With Quote
      01-19-2012, 05:30 AM   #2
Vanity
Private First Class
 
Vanity's Avatar
 
Drives: BMW E90 LCI
Join Date: Feb 2010
Location: BC, Canada

Posts: 123
iTrader: (0)

I see what you did here.
__________________
Vanity is offline   Canada
0
Reply With Quote
      01-19-2012, 08:48 AM   #3
BMWinNorthdakota
Banned
 
Drives: 2007 bmw 335i e90
Join Date: Jun 2009
Location: Fargo ND

Posts: 1,109
iTrader: (0)

Taking a 4x course this sem. Subd
BMWinNorthdakota is offline  
0
Reply With Quote
      01-19-2012, 08:50 AM   #4
Express
Major General
 
Express's Avatar
 
Drives: 06 330i
Join Date: Dec 2008
Location: The Promise Land

Posts: 8,701
iTrader: (17)

Garage List
2006 BMW 330i  [4.15]
gbp/jpy got the best of me lol
Express is offline   Israel
0
Reply With Quote
      01-19-2012, 09:49 PM   #5
prichards516
Lieutenant
 
prichards516's Avatar
 
Drives: e92 M3 zcp
Join Date: Sep 2010
Location: Long Island, NY

Posts: 453
iTrader: (2)

Taking a look at Wednesdays daily chart, the U.S. dollar has slipped below its clear rising trend line after meeting its A=C objective around the 82, paired with momentum divergence. Indeed, recent action warns of a possible top in place in the index. Focus will shift first to the open gap at 78.64.


*will post pics later*
Attached Images
 

Last edited by prichards516; 01-21-2012 at 12:09 PM. Reason: added picture
prichards516 is offline   No_Country
0
Reply With Quote
      01-19-2012, 09:52 PM   #6
prichards516
Lieutenant
 
prichards516's Avatar
 
Drives: e92 M3 zcp
Join Date: Sep 2010
Location: Long Island, NY

Posts: 453
iTrader: (2)

Quote:
Originally Posted by Vanity View Post
I see what you did here.
LOL i subscribed to your stock thread too...nice to see another traders insight and strategies.
prichards516 is offline   No_Country
0
Reply With Quote
      01-19-2012, 11:23 PM   #7
Vanity
Private First Class
 
Vanity's Avatar
 
Drives: BMW E90 LCI
Join Date: Feb 2010
Location: BC, Canada

Posts: 123
iTrader: (0)

Quote:
Originally Posted by prichards516 View Post
Taking a look at Wednesdays daily chart, the U.S. dollar has slipped below its clear rising trend line after meeting its A=C objective around the 82, paired with momentum divergence. Indeed, recent action warns of a possible top in place in the index. Focus will shift first to the open gap at 78.64.


*will post pics later*
You have signs of the USD index topping out? That'd be awesome insight in the StockMarket thread as we think the SPX is topped out.

Not to mention, institutional players are shorting the USD dollar 10:1 currently. I believe non-commercial players are long the dollar 7:1, alongside retail investors longing 10:1. Seems like institutional players are ahead of the game.
__________________
Vanity is offline   Canada
0
Reply With Quote
      01-22-2012, 06:21 PM   #8
prichards516
Lieutenant
 
prichards516's Avatar
 
Drives: e92 M3 zcp
Join Date: Sep 2010
Location: Long Island, NY

Posts: 453
iTrader: (2)

Pre-market: $eurusd 1.2863, $usdjpy 76.99, $gbpusd 1.553, $usdcad 1.0141, $audusd 1.0462, $nzdusd 0.8051, $usdchf 0.9381, $eurjpy 98.99
prichards516 is offline   No_Country
0
Reply With Quote
      01-22-2012, 08:57 PM   #9
txz4
Major
 
txz4's Avatar
 
Drives: 2006 M coupe
Join Date: Oct 2010
Location: san antonio, texas

Posts: 1,098
iTrader: (3)

i have everything i own in Euros and Gold
txz4 is offline  
0
Reply With Quote
      01-22-2012, 10:33 PM   #10
prichards516
Lieutenant
 
prichards516's Avatar
 
Drives: e92 M3 zcp
Join Date: Sep 2010
Location: Long Island, NY

Posts: 453
iTrader: (2)

Quote:
Originally Posted by txz4 View Post
i have everything i own in Euros and Gold
yea theres a lot of money to be made in foreign exchange!
prichards516 is offline   No_Country
0
Reply With Quote
      01-22-2012, 11:32 PM   #11
moveit
Private
 
Drives: 335
Join Date: Jan 2012
Location: ca

Posts: 54
iTrader: (1)

Quote:
Originally Posted by txz4 View Post
i have everything i own in Euros and Gold
Most of everything you own will soon be gone if you keep holding them euros
moveit is offline  
0
Reply With Quote
      01-22-2012, 11:33 PM   #12
txz4
Major
 
txz4's Avatar
 
Drives: 2006 M coupe
Join Date: Oct 2010
Location: san antonio, texas

Posts: 1,098
iTrader: (3)

Quote:
Originally Posted by moveit View Post
Most of everything you own will soon be gone if you keep holding them euros
and that was the point of the joke...
txz4 is offline  
0
Reply With Quote
      01-26-2012, 09:19 PM   #13
prichards516
Lieutenant
 
prichards516's Avatar
 
Drives: e92 M3 zcp
Join Date: Sep 2010
Location: Long Island, NY

Posts: 453
iTrader: (2)

$USDCAD trying to hold the 50% fib retracement on the 0.94 to 1.065 upswing. Still think there is possibility to head towards 0.99 & 0.97
prichards516 is offline   No_Country
0
Reply With Quote
      01-29-2012, 05:28 PM   #14
prichards516
Lieutenant
 
prichards516's Avatar
 
Drives: e92 M3 zcp
Join Date: Sep 2010
Location: Long Island, NY

Posts: 453
iTrader: (2)

Pre-market: $eurusd 1.3214, $usdjpy 76.68, $gbpusd 1.5723, $usdcad 1.0017, $audusd 1.0635, $nzdusd 0.8232, $usdchf 0.9123, $eurjpy 101.35
prichards516 is offline   No_Country
0
Reply With Quote
      02-02-2012, 10:24 AM   #15
prichards516
Lieutenant
 
prichards516's Avatar
 
Drives: e92 M3 zcp
Join Date: Sep 2010
Location: Long Island, NY

Posts: 453
iTrader: (2)

USDCAD has slipped below the daily triangle that has remained intact for nearly 3 months. Indeed, triangle's occur in B or 4th waves according to the rules of Elliott waves. As such, the recent developments signal that we are headed lower in the C wave with ideal targets towards the 0.97.
Attached Images
 
prichards516 is offline   No_Country
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 05:35 AM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST