Zeev's Turnips Patch-No Politics (ZEEV)

[inthehills]

hack,

First of all I have not posted here for many months.

Your previous posts, have in effect said, deal with what is based on what the charts are saying to you. In effect taking emotion out of trading decisions.

There seem to be a number of distressed traders here. A line in the sand at xxxx. Opps it has to turn at yyyy.

Your comment "agree the markets may be ready for a turn" seems out of character with your previous posts (even if it is later proved to be correct). Very risky to assume a bottom is near. For sure there will be a line that holds. It may or may not be here.

FWIW I trade futures, and if your entry is bad or turns against you, it will quickly render you insolvent. Losing (or winning) entries must be quickly exited with a buy or sell Stop.

The euro is a classic example, recently 1.29xx now at 1.21xx, a -8k$ or-9k$ change PER contract. Sure hope no one is holding long for a line in the sand on that one.