Quote from Munck:
A couple of question:
To start with, after forgetting my glove and bat and going 0-4 in my mada the other day, I'm probably the last person that should attempt to answer you but what the heck, I'll give my view of how I read it.
It would be easier if you could adjust your times to EST.
The problem with the my mada I was not certain about returning to dominance so I highly doubt my mada is correct for traverse level traders.
I'm assuming when you say lateral at 1340 it is the 1140 bar. At 1125 we had PA, at 1145 we needed more inc blk, than an r2r which tells me we must have had change if one missed the soc at 1145. 2 bars after the fbo you had IBV but came one tick from closing back inside prvs bar and the gaus peak there did not take out the previous IRV peak so all is still good and most likely pt3.
The FBO bar you mentioned was a rtl bo and pt 2 of a dn sequence. When I see an r2r after an extended up traverse I assume we have changed dominance, and proceed with WMCN. This is JMHO.
Next question.
Your are very likely correct the ftt was SOC, the fact that 1555 took out that high places doubt in my mind.
I thought 1505 was PA, ignored the 1515 r2r but continued mada with the possibility we had change. 1520 drv so ok with mada so far. 1525 ibv, no pa, need more ibv or change. 1530 change to short, 1540 had fbo of lat from 1525 bar so lack of clarity I rev. thinking maybe 2-3 trade but try to stay on rt side. rev again to short 1555 fbo on ibv.
I rather doubt this is the correct mada, especially for traverse level traders. I also used the ym for information at these uncertain areas and thought they were supporting the mada so I went with it.
All times are EOB, EST of course.
Second thoughts about posting this but the lessons in humility are SO FUN. Bring em on Spyder
it's the only way I'm going to move forward.
