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  • US President Obama authorizes air strikes in Iraq

Strongly recommend to long Yen.. lol
what it means for usd?
BUY USD!
All posts are my personal opinion
Quoting Rtm
BUY USD!
Looks like a trap to me.
Everyone can see the chart, but only a few can actually read it.
Oil slow to respond
All posts are my personal opinion
American's wont be pleased.
Someone needs to learn how to spell!!! lol.....long on yen pairs is the answer for now
Good luck and may the odds be ever in your favor!
Quoting OnlineAddict
Looks like a trap to me.
Its all in your head
All posts are my personal opinion
Quoting Rtm
Its all in your head
I've been trading this market for two years now and have made plenty of mistakes. I can tell you that one of those mistakes is thinking that something is a trap. Nothing is ever a trap. Identify Support and Resistance lines, and use your fibs....use your trendlines.....and follow momentum!
Good luck and may the odds be ever in your favor!
Also if you are in a trade and it is going against you, don't ever make the mistake that you think it's going to come back, get out and regroup. That's my personal opinion
Good luck and may the odds be ever in your favor!
Quoting Rtm
Its all in your head
We will see tomorrow, I think asian session or early EU session will make the day bottoms for GU and EU.
Everyone can see the chart, but only a few can actually read it.
Quoting dbutton1990
I've been trading this market for two years now and have made plenty of mistakes. I can tell you that one of those mistakes is thinking that something is a trap. Nothing is ever a trap. Identify Support and Resistance lines, and use your fibs....use your trendlines.....and follow momentum!
2 years and you don't think something is a trap? Most of these "out of nowhere" news are only used as entries by big guys.
Everyone can see the chart, but only a few can actually read it.
Quoting dbutton1990
I've been trading this market for two years now and have made plenty of mistakes. I can tell you that one of those mistakes is thinking that something is a trap. Nothing is ever a trap. Identify Support and Resistance lines, and use your fibs....use your trendlines.....and follow momentum!
I have been trading them for almost 6 years now and S&R hardly mean anything, fundamentals and sentiment are what makes a market move.
All posts are my personal opinion
Quoting Rtm
I have been trading them for almost 6 years now and S&R hardly mean anything, fundamentals and sentiment are what makes a market move.
Order flow is what moves the market.
"yen rallied amid demand or haven assets"
And USD is even lower now than before the news...
Everyone can see the chart, but only a few can actually read it.
Quoting erod84
Order flow is what moves the market.
yeah buddy but what is orderflow?
All posts are my personal opinion
  •  Guest
  • | IP XXX.XXX.17.2
STUPID!!!!! This was breaking news back in '03. Now it's just the same ole same ole, but watch how fast the markets will panic over a "breaking story" about something that has been daily for 11 years. I think most traders are scared of their own shadow.
Quoting k3nshinz3139
Strongly recommend to long Yen.. lol
Perfect buying opportunity last week on the sell-off. The dollar move had no fundamentals behind it, and the geopolitical situation globally is too crazy to have a portfolio with no protections.
When the facts change I change my mind, what do you do sir
Quoting Pharm0r
American's wont be pleased.
In the scheme of things, a minor intervention. Air/drone strikes; no boots on the ground (at least that is the way that the American media is spinning it). The additional spin is that the intervention will likely stabilize the situation in Iraq as compared to what is occurring now. Unfortunately, the reality is that this is unlikely in the long term; as usual, the insurgents need only bide their time.

My feeling is that heightening tensions between Russia and the West and the economic fallout from that are of greater concern, especially to the Eurozone.

These types of events, I would think, would generate "risk-off" sentiment, which is ordinarily good for the dollar ... .
Fireworks are fun ... as long as you don't blow your fingers off.
Quoting Rtm
I have been trading them for almost 6 years now and S&R hardly mean anything, fundamentals and sentiment are what makes a market move.
huge news maybe but most news wont move the market much. how do you know if this news is as strong as NFP? most probably it wont move the market much imo
Quoting rsg10z
huge fundamental news maybe but most news dont move the market. how do you know if this news is as strong as NFP? most probably it wont move the market much imo
Regular daily news don't change trends, they can only move a market for a few hours or days tops. In a strong trend, not even for a few hours.
Everyone can see the chart, but only a few can actually read it.
Quoting Guest
STUPID!!!!! This was breaking news back in '03. Now it's just the same ole same ole, but watch how fast the markets will panic over a "breaking story" about something that has been daily for 11 years. I think most traders are scared of their own shadow.
I don't see market panic. Some reduce their positions, some have SL hit, some sideline wait and see, some withdraw their positions.

Gold and USD both are high, but not trending yet. China data offer improvement. For short term, buy USD on pullback.
Quoting rsg10z
huge news maybe but most news wont move the market much. how do you know if this news is as strong as NFP? most probably it wont move the market much imo
You dont understand, when I say fundamentals I mean the outlook of all the news that has come out that could effect a currency over a given period usually at least 6 months. The more that news that adds up to a certain theme or direction then you usually can grasp a trend from that. This is important news just because is confirms the overall theme starting which is a risk aversion style theme as USD ACROSS the board is rallying and equity indices are dropping like its hot. VIX has spiked. Markets dont move in one start line and maybe yes not 100% yet but USD in my opinion has started a big reversal leg up move I think is going to be big next to YEN.
All posts are my personal opinion
Please guys...read the whole news... "President Barack Obama said he authorized airstrikes against militants in Iraq if they threaten U.S. personnel, and he dispatched planes to drop food and water for trapped civilians threatened with “genocide.”
Quoting mmforexinfo
Please guys...read the whole news... "President Barack Obama said he authorized airstrikes against militants in Iraq if they threaten U.S. personnel, and he dispatched planes to drop food and water for trapped civilians threatened with “genocide.”
It doesn't make any difference. They already threaten US personnel, and US personnel already threaten them. It's just an excuse.

What make you think that US personnel are not threatened?
  •  Guest
  • | IP XX.XXX.100.149
so they will bomb US personnel? funny that
I don't see how bombing in Iraq is going to effect anyone's currency, just doesn't seem important enough for anyone to get overly excited about. About the only thing I could see happening is a scare on oil production and higher oil prices and thus a lower dollar.
Quoting Rtm
Its all in your head
Yep, just in my head...lol
Everyone can see the chart, but only a few can actually read it.
Quoting OnlineAddict
Yep, just in my head...lol
I wouldn't have said trap as far as risk off gos and buy the dollar as much as I'd say some people are just misunderstanding the impact the situation might have.

Now if bombing was about to take place in Iran or North Korea or Ukraine then I'd think we would have a total risk off situation.
Quoting irongoose
I wouldn't have said trap as far as risk off gos and buy the dollar as much as I'd say some people are just misunderstanding the impact the situation might have.

Now if bombing was about to take place in Iran or North Korea or Ukraine then I'd think we would have a total risk off situation.
You are trying to find logic where there is none. News like this are only made for one reason. So the big guys can make money. This has nothing to do with reality, because these news are always selective and only the ones "needed" are posted.
Everyone can see the chart, but only a few can actually read it.
Quoting OnlineAddict
You are trying to find logic where there is none. News like this are only made for one reason. So the big guys can make money. This has nothing to do with reality, because these news are always selective and only the ones "needed" are posted.
I think my assessment of the situation was very logical. And I don't disagree with you that they pump out certain types of news to help move the market in their favor, plus I think the data they report is bogus a lot of times just to move the markets in their favor.Look at the Aussie employment data the other night, many were thinking the price it was at was a good pull back price to go long from and low and behold we get a big miss!!!
P.S I shorted the Aud about 3 minutes before the news came out. :-)
Quoting dbutton1990
Also if you are in a trade and it is going against you, don't ever make the mistake that you think it's going to come back, get out and regroup. That's my personal opinion
i think these are the most sincere suggestions one would give to new trader and i would i like to add few more things that always trust yourself, keep eyes on fundamentals n know about market sentiment
  •  Guest
  • | IP XX.XXX.12.181
Quoting irongoose
I wouldn't have said trap as far as risk off gos and buy the dollar as much as I'd say some people are just misunderstanding the impact the situation might have.

Now if bombing was about to take place in Iran or North Korea or Ukraine then I'd think we would have a total risk off situation.
In theory risk is the uncertainty felt by the investor about future outcomes of current investments (expected returns are not certain). Therefore, any event that increases such uncertainty attracts a higher risk premium and vice versa for the marginal (or next) tranche of investment.

Since expected returns are calculated (in theory) as the present value of all expected future cash flows from an investment discounted at some (selected by the trader according to his risk aversion) discount rate, changing discount rates in reaction to events varies the price of financial instruments. That in theory is the explanation you need.

Of course you do not need to trade the market based on that - and frankly it is impossible to assess for a whole market what is really going on in that sense. As a result (and in my experience) it is best to trade markets based on the signed rate of change of price over different market intervals (ROC). I consider that the most sophisticated approach to trading given that following the traditional theory which I outlined would lead to much meaningless speculation. Therefore, it is best to read and trade markets based on objectively assessed market sentiment as defined above IMHO. I hope I make sense.

The Crow
Fundamentals are only effective if enough traders react to them. Technicals only work, i.e. support and resistance if enough traders react to them. Sooo...both work and both don't. That's why we aren't always right.....or wrong.
@Russell Don't forget also that the big bankers will spend money to move price into a order rich area to take stops and then turn price in their favor, this might not always look right from a fundamental or technical stand point but it make perfect sense to the bankers!
irongoose, I can't disagree with your assessment of big bankers because I don't have any first hand knowledge of that practice. It apparently exists. If so it is a reaction to fundamentals and technicals in a proactive manner. I can't see them reacting oppositely to sound market indicators. Perhaps I should have said
'money' instead of traders. May have been more accurate.
  •  Guest
  • | IP XX.XXX.12.181
Quoting Russell412
Fundamentals are only effective if enough traders react to them. Technicals only work, i.e. support and resistance if enough traders react to them. Sooo...both work and both don't. That's why we aren't always right.....or wrong.
Spot on - the market moves on the balance of forces on an all things considered basis. In other words whatever informs a traders action, be it fundamentals, technicals, toss of a coin, or astrology the market aggregates all orders both sides of the market and signs the flow which we see and note as trend.

Quoting irongoose
@Russell Don't forget also that the big bankers will spend money to move price into a order rich area to take stops and then turn price in their favor, this might not always look right from a fundamental or technical stand point but it make perfect sense to the bankers!
Most unlikely and impractical considering that what you suggest is akin to a Central Bank intervention (which as we all know does not even turn the trend all of the time). When you look at it that way it should be obvious that the risk is too great and the resources required to do that too extensive (for the expected returns) to be a rational practice by banks or anyone to routinely engage in. Do not forget that banks are conservative institutions with strict rules based clearly on a risk averse model of transaction. In a $5.3 trillion/per day turnover market it would be beyond the call of your average bank manager to take such absurd risks not to mention doing so on a routine basis. That is quite apart from the fact that no one has such market visibility (yea not even banks). Sure order flow trading specifies stop hunts as a strategy and so individual bank traders may trade that way but as such nothing special in that the basis of such a ploy is clear and available to anyone within the normal risk parameters of trading and so usually such would be deployed based on a reading of the signed flow and as such no big deal at all. Just old ladies tales - this stop haunt stuff.

The Crow
These air strikes are to protect the yezidiz tribe who are under attack fleeing their homes, on channel 4 news yesterday, some guy said this operation would only cost tens of millions of dollars out of a budget of Billions US spends on defense. So How has this changed any thing?

bearish eurusd
All Assets NAS100 GLD BTC AUS JPY GBP All Time Return: -2.2% BTC/USD NASDAQ
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  • | IP XX.XXX.12.181
Quoting Phil_GMT
These air strikes are to protect the yezidiz tribe who are under attack fleeing their homes, on channel 4 news yesterday, some guy said this operation would only cost tens of millions of dollars out of a budget of Billions US spends on defense. So How has this changed any thing?

bearish eurusd
Maybe changes nothing but investors are risk averse and until that situation is resolved it is not improbable they maintain some concern for their money out in the open market (by adjusting risk premiums on fresh investments). For instance an F15 develops mechanical failure in formation clips of the wing of his wing man - two US pilots bale out over Iraq get capture by ISIS special forces attempts a rescue and their chopper gets caught in an unexpected sandstorm and crashes in ISIS controlled area - more US troops held prisoner and US gets more involved, etc. So while we as individuals can be dismissive of situations those with lots of assets to manage on other peoples behalf may not be so inclined and would want to consider the situation as probable to escalate (until resolved) such that some risk premium changes (up or down as the case may be) may be observed by the market. The point is as traders we should be aware of how financial markets tend to view things and as such understand what the talk is about whether or not we give a flying fart about it and whether or not we feel (as is true) that everyone is overreacting (which of course is handle by trend corrections at some point).

Cheers

The Crow
Quoting OnlineAddict
We will see tomorrow, I think asian session or early EU session will make the day bottoms for GU and EU.

Guess you were 110% right. It was a TRAP...
I suppose it was all for this news......
BIG PLAYERS.....
Quoting Guest
Maybe changes nothing but investors are risk averse and until that situation is resolved it is not improbable they maintain some concern for their money out in the open market (by adjusting risk premiums on fresh investments). For instance an F15 develops mechanical failure in formation clips of the wing of his wing man - two US pilots bale out over Iraq get capture by ISIS special forces attempts a rescue and their chopper gets caught in an unexpected sandstorm and crashes in ISIS controlled area - more US troops held prisoner and US gets more...
good point...always the possibility of a malfunction and the SHTF...providing some volatility one way or the other....it may not change the overall trend but will certainly throw sm waves...btw I went long eur/usd yesterday but it seems to have difficulties atm...going up...I have been liquidating sm on the way up and look for one more upswing to liquidate 1/2 of pos.
what's the UNO?.
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  • Posted: Aug 7, 2014 9:33pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 44  /  Views: 10,103