Usdcad Smi/mp

[heretodaygone...]

	Quote:	DbPhoenix
	The best advice I've received so far is to plan your trading according to where you open in relation to the then current (volume) range (what you might call the +/-1SD range). If you open within that range, look to trade the extremes. If you open outside the range, look to the range to provide support or resistance, depending on where you are in relation to it. If you open within the range and try to trade one extreme or the other but break out instead, you have a real challenge facing you. Entering these breakouts is tricky, to say the least.

That's how I view it. If one can understand the opening in relation to the previous day(s) volume range(s), then use bar to bar p/v, vsa, s/d ,vwap or whatever, high probabilty trades with manageable risk are assured. Understanding the relationship of horizontal volume and vertical volume is key.