Note that when these lines are breached, a message is being sent. But you have to be able to receive it. Hope is not an option. Paying attention to these messages also enables one to avoid being chopped up.
Today I feel very calm, and able to see what is going on. Hope is not an issue today, I guess it was on wed, and it made a hell of a difference y my ability to spot PA. Regarding my chart here it is:
We never reached below 58 today. Why are you price levels off by a few points? Are you on a different contract. I am using the free version. 58.6 is the lowest level I see around 1024.
Hehe, yes I pointed that out above, at the open I was still on the Dec contract. But I corrected that already.
I hope you see how PA transforms itself into chop, and that if you pay strict attention to the lines, breaches, and RETs, you can avoid being chopped. You might even show a profit.
Yes, I noticed that, the interesting thing today is that even within the chop, the lines do a pretty good job in keeping the disciplined trader solvent.