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Daologic's Page

Latest Activity

Daologic commented on Sheeda Pastaol's blog post EuroUSD 1hr Chart
"Yes, I also expect a rebound."
1 hour ago
Daologic posted photos
2 hours ago
Daologic posted a status
"TD:USDCAD is poised to move higher from current levels and we target 1.10 by summer’s end. Put a stop at 1.0600"
3 hours ago
Daologic posted a status
"BBH:The Hungarian central bank cut rates by a larger than expected 20 bp to 2.10% but then signaled that the easing cycle had ended."
3 hours ago
Daologic commented on martin's blog post Word of the Day is PLUMMETED
"Good read!"
3 hours ago
Daologic posted a status
"TD:EURCAD weakness, which had helped pull funds lower in the past week, seems to have stalled around the 1.4450 range."
20 hours ago
Daologic commented on Sheeda Pastaol's blog post USDCAD Trade Plan
"It sounds and looks like a good plan!"
Daologic posted a status
"Sell any rally in NZDUSD!"
Daologic posted a status
"ANZ:Sell NZD/USD at 0.86 targeting 0.82, stop at 0.88."
Sonny M Nguyen commented on Daologic's blog post Divergences, OB/OS levels and Market Structure, chapter 2
"Yeah, that's so true. The momentum is very strong when Rsi first reach 30/70 ."
Daologic commented on Daologic's blog post Divergences, OB/OS levels and Market Structure, chapter 2
"Empirical rule, if the price closses below the 30 for the first time it means it has good momentum and it will usualy slide lower, at least one more time until the RSI will make a bottom above the 30 level and this means there will be a reversal…"
Daologic commented on Daologic's blog post Divergences, OB/OS levels and Market Structure, chapter 2
"Hello Sonny and Alan! Sony, there is no special reason to use the 14 period on RSI. I have used 9 but is to fast. 14 is just ok. 30/70 levels works for all instruments but not alone. As you see I don't use OB/OS alone, I use this in conjunction…"
Sonny M Nguyen commented on Daologic's blog post Divergences, OB/OS levels and Market Structure, chapter 2
"Thanks for detailed explanation. I trade on/is and divergence too, and have some question. I can't find any answer anywhere: - Why common RSI setting is 14 period? Is there any meaning behind the number (I.e. ichimoku setting setting has a…"
Brian Twomey commented on Daologic's status
"EUR/JPY  132.42 is a solid Statistical line, 131.09 thereabouts is a long term Regression line, caution as we approach these lines cause EUR/JPY is oversold currently. My BBH friend is a great economist but not a trader with all respect"
Daologic posted a status
"TD:The CAD retains a mixed profile on the crosses; EURCAD traded to a new cycle low of 1.4420 earlier in the session but now..."
Daologic posted a status
"BBH:EURJPY is breaking a key retracement level from the 2013-2014 rise near 136.75 and points to a test of the Nov. 2013 low near 131.20."

Profile Information

About Myself
I am a small trader and I love to trade.
Trading style
Price action based on candlestick patterns and Ichimoku
Current Broker

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Daologic's Blog

TD Securities: CADJPY technical outlook-21 July

Posted on July 22, 2014 at 4:09am 0 Comments

"CADJPY continues to pressure major support in the low 94 area. Despite failing to hold last Friday’s channel break, we still rather favour the downside for the CADJPY. The short-term trend lower from the early July high at 96.22 is well-defined and relatively well-entrenched on the short-term charts. Intraday…


TD Securities: Weekly Technical Outlook- EURUSD

Posted on July 21, 2014 at 2:34pm 0 Comments


The double top at 1.3965 (and the break under the neckline trigger) targets a drop back to the upper 1.33s—our long-held target for a downside extension. Trend momentum is negative on the shorter-term (6-hour and daily) studies. Even with spot reversing from the intraday low and closing…


Rabobank FX: JPY and risk appetite

Posted on July 21, 2014 at 11:13am 0 Comments


We expect that the JPY is still on course for softening vs. the USD over the medium-term as the progression of Fed tapering highlights the extremely accommodative position of the BoJ.  However, near-term the readjustment in expectations regarding the outlook for the AUD, NZD and the EUR could be providing additional support for the yen.  Layered on top of the prevailing geopolitical risks and the adjustments…


TD Securities: New trade Buy USDCAD at 1.0739. Risk 1.06, target 1.10.

Posted on July 18, 2014 at 6:19am 0 Comments

"We think the broader, downward correction in USDCAD has run its course; technical factors are turning bullish after the rebound from 1.0600/50 and the fundamental data flow is likely to remain challenging for the CAD. Market positioning is neutral and there is no incentive for investors to get long CAD, in our opinion. We think there is a risk that Canada's June CPI data disappoints to the downside, which should help push USDCAD to, and perhaps through,1.08."

Comment Wall (9 comments)

At 8:29am on May 8, 2013, Bero Maatouk said…

dao morning mate did you take a look at this euro jpy pair as we can see a tough and strong resistance at 7/8 mml ahead what do you think ?

I'm thinking for short at the close of this 4 hr candle but In a small lot ...

At 10:33am on May 10, 2013, Bero Maatouk said…

It would be perfect if the euro reached the 2/8 and close right on that level on daily then we wait for a rejection on 1hr and 4 hr and that line is strong and can reverse the price so we have the sell from up and buy from down hope it will work :)))

At 10:51am on May 10, 2013, Bero Maatouk said…

great Dao let's wait and see my friend :))

have 2 question for you If you don't mind what are the spread on Euro JPY-USDJPY and GBP USD on you broker  mine is  3 and on Euro USD 2 ??

also I want to know what do you think when Bernanke will speak ??

At 3:44pm on June 20, 2013, Bero Maatouk said…

Grig how are you mate hope your fine and everything is okay with you :)

how is your trades hope you are doing fine ....

At 9:18am on September 20, 2013, gajanis786 said…

Thank you Daologic for informing regarding winning this week's contest, I am so glad I was the nearest of all participants.Regards.

At 3:25pm on December 2, 2013, WaqarPk said…

Dao can i ask why you ban me from chat what is the reason ?

At 11:27am on February 12, 2014, Constantine said…


At 5:23pm on March 22, 2014, Nickt said…
  • @daologic ........earlier Dao asked me my thoughts on eu....i did not have an answer for him as i dont trade it.... but as i am hear to learn i gave it a shot

  • 1:19 PM
  • Me

    i am sideways for miondy....then a bit bearish thru the week....unless it breaks resistance sitting at 1.381..... then bullish

  • http://prntscr.com/334an5

At 10:17pm on March 23, 2014, Joe Lanburner said…

Great blog. Keep up the good work guys!

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