Daologic's Page

Latest Activity

Daologic posted a status
"BBH:Israel delivered a surprise rate cut."
14 hours ago
Daologic posted a status
"BBH:The Brazilian central bank began backdoor easing."
14 hours ago
Daologic posted a status
"BBH:Russia delivered a surprise rate hike; EU and US surprised with sanctions."
14 hours ago
Daologic posted a blog post

TD:USDCAD- Buy the Dip

"Open 1.0916     Range 1.0900/1.0919     Prev. Close 1.0903Technically, we can observe a strong underlying bull trend still developing in USDCAD.  Short, medium and long-term trend momentum oscillators are aligned bullishly, something which usually delivers a grinding directional move with shallow, counter-trend corrections.  We think  USDCAD dips will be well-supported in the upper 1.08s from here.  We see some resistance in the mid 1.09s but we think 1.10/1.11 is reachable for funds in the…See More
16 hours ago
Daologic posted a status
"TD:Persistency around 1.3375/85 keeps the 1.30/1.32 range within reach in the next few weeks."
16 hours ago
Daologic commented on Brian Twomey's blog post Inside the Currency Market: Feature EUR/JPY: Characteristics, Price History, Historic Levels
"Thanks Brian! Yes, you have called this long before them. All the best!"
16 hours ago
Daologic posted a status
"BBH:The euro has struggled to resurface above $1.34, and a break of yesterday's low just below $1.3370 would likely target $1.3300 and then"
16 hours ago
Daologic commented on martin's blog post Dollar Rally Sustainable?
"Excelent article. Thanks for keeping us posted with the overall view!"
23 hours ago
Daologic commented on Hildago Isagart's photo
Thumbnail

DAILY SELL TARGET HIT

"Nice chart. Hildago, it would be nice to provide a SL too."
yesterday
Daologic posted a status
"BBH:The data today likely heightens the risk that there is a hawkish dissent and Dallas Fed President Fisher is the most likely candidate."
yesterday
Daologic posted a status
"BBH:We have been monitoring a gap in the S&P 500 daily bar charts created by last Friday's sharply lower opening."
yesterday
Daologic posted a photo

USDX daily- my sell area

I will look for a divergence in 4 HR and 1 HR before I will enter.
yesterday
PROredart commented on Daologic's blog post TD: Morning FX Outlook EURUSD
"I am going to take long at 1.34"
yesterday
Daologic commented on Daologic's blog post Divergences and OB/OS levels-chapter 3
"You are most welcomed!"
Tuesday
Daologic commented on Francesc Riverola's blog post When it comes to building influence in FX Markets you can take lesson from FXStreet, says Bloomberg
"This is realy interesting."
Tuesday
Daologic commented on Brian Twomey's blog post Inside the Currency Market: Feature EUR/JPY: Characteristics, Price History, Historic Levels
"Thanks Brian for your valuable insights! Something is going on, volatility is coming back slowly but stedy."
Tuesday

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
Deltastock

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Daologic's Blog

TD:USDCAD- Buy the Dip

Posted on July 31, 2014 at 11:32am 0 Comments

"Open 1.0916     Range 1.0900/1.0919     Prev. Close 1.0903

Technically, we can observe a strong underlying bull trend still developing in USDCAD.  Short, medium and long-term trend momentum oscillators are aligned bullishly, something which usually delivers a grinding directional move with…

Continue

TD: Morning FX Outlook EURUSD

Posted on July 29, 2014 at 12:02pm 1 Comment

"(...)

We still see downward risks for EURUSD outweighing upside potential, which should remain contained to the low 1.35 area at best and prove short lived.  Technicals indicate that, from current levels, only a move above 1.3550 on a sustained basis relieves the bear pressure while a rally through 1.37 is needed to turn the technical picture more constructive.  Contrarily, weakness below 1.3375/85 will imply that…

Continue

TD: USDCAD

Posted on July 29, 2014 at 6:47am 0 Comments

"USDCAD has sustained the move through the trigger point of the bull wedge pattern that broke down late last week but, as we suspected might be the case, the low 1.08 resistance area has slowed gains, leaving the USD trading in a narrow range through Monday so far. We may see some modest back and filling of the…

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Divergences and OB/OS levels-chapter 3

Posted on July 29, 2014 at 6:00am 3 Comments

Usualy the divergences act as short term countertrend (reversal) patterns but there are divergences that also act as continuation patterns in trends. Usualy, when a divergence act as a short term countertrend pattern the gains are smaller than when the divergence act as a continuation pattern. When you have a divergence acting as continuation pattern there are chances to join the trend and make more gains.

Bellow I will show to you a few examples of the divergences that act as…

Continue

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…

1.6200

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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