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Old 04-11-2008, 02:14 PM
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Re: Usdcad Smi/mp

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I find the upthrust and test sequence as taught by Wyckoff/SMI interesting viewed through the lens of MP. The upthrust (false break) into the 3rd standard deviation that responded down to the POC and then rallied testing High Value. Wyckoff talks a lot about swings to the half-way point but I find looking for S/R based on market structure far more logical.
nic
Let me jump in here......... nic, are you looking for "S" at the other side of the POC after the test ? ( or am I missing the point altogether? )
Also is this thread just about USD/CAD?
erie

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