The Equilibrium, a key to success!

Post 500: How do I find the important turning points?

Hello dear traders,

This is my 500th contribution in this forum and thus a small anniversary. I came here to help other traders and get help as well. If you read my first article and compare it with the last article, you will find that a significant development has taken place. What has remained is my system of supply and demand. I have developed it together with you so far that it is getting easier.

At this point I would like to express once again my heartfelt thanks, because all projects would not have been possible without the help of you. One hand washes the other, we say in germany.

That's why I put together a very special article for you today.

Every trader wants an ad that always tells him exactly when a trend is going up or down. The area of supply and demand has always given me very reliable information about the trend consequences, but I often lacked crucial information that I did not recognize quickly enough.

The creation of the Bionic Chart and the Bionic Trend Strength Indicator had a very definite reason. The goal was to be able to recognize the trend reverses more precisely with the help of demand and supply. I clearly succeeded in achieving this goal and today I would like to show you a concrete example of this.



Here is a D1 chart from the EURUSD from April 2017 to October 2018. Using the smBionic-ZigZag indicator (setting: 8/2/4), I once worked out and colored the strongest uptrend and downtrend. It can be seen here that Trend B, C & D were the strongest in this period. The Bionic Chart I need to make the candles monochrome without wick. This clearly shows the strong uptrend or downtrend in the daily chart.



Next, within these strong trends, I picked the strongest day candles and drew a resistance line out of them. In total, this resulted in four resistance lines from number one to number four. Sure, I could have drawn more, but to illustrate the whole thing I leave it at these four resistance levels. After drawing the resistance line number 4 you can see how the course within these lines behaved afterwards. This aspect is quite interesting.



Now, at point 5, another resistance line has been added, you can see that after the line was drawn, the course did not manage to cross that line.



Now it's time to determine the concrete resistance line within the drawn resistance lines. For me it is clear that a crucial resistance within the strongest candle is in the strongest trend. This strong candle is so strong because it breaks through a very strong resistance. We have to find this resistance. A line of resistance is characterized by the fact that a course of her strong upward and / or downward runs. From the resistance line A, the price went up sharply. The course, which went up below point A, bounced off this line exactly. That's why I drew this line and as you can see, the course was bounced right there with the yellow arrow and went back up.

At point C we see the next strong candle within a very strong trend. It was relatively easy to draw the resistance line because there was a small downtrend in front of the candle that was the deciding factor. If we look at how the course reacts with the blue arrows on it, we realize that it is a strong resistance.



Here you can see again the confirmation for the point A. We scroll back to November 2016. We can see here how the course from the point A runs very strong down. After the course ran back to this line, he was again briefly dismissed and then went up with an extreme strength. This strong candle thus proves that it must be a very strong resistance.



Following the same principle, I have drawn the resistance line B. The upper line I would have had to pull up a bit to have some air. This line was for me the decisive turning point for a further upward trend in the EURUSD. The resistance zones D, E & F come from the past. Let's take a closer look at where they came from and how they came about.



To do that, we have to go back to October 2014, where we identified two very strong downtrends. From point F, the strong downtrend began and ran down. At point E you will see a gap of 50 pip in the yellow circle. The 50 pip are not the deciding factor, but they still represent a resistance for me. Below that you will find another gap, which also had significant effects, but I did not want to go into that for reasons of efficiency. Shortly before the point D, an equilibrium is created, the course goes into zone D and is strongly rejected there. After that, the price goes down very sharply. At the blue arrow you can see how the course is strongly turned down. If you go back to the previous slide, you will see how the individual zones developed. We now have six resistance levels from A to F. Now let's look into the past and see how the course reacted.



Here you can see how the course reacted to resistance line E and F.



Again, you can see that the individual resistance lines are working. It's not about the price bouncing off this resistance line, it's about the price going up or down sharply from that resistance line. Often this resistance is broken several times until the price breaks up or down.



Again, you can see very well that the resistance lines are in zones that appear again and again, to which the course reacts. Of course it can also be a coincidence but I do not believe it, because a coincidence happens by accident but the lines always work. These lines I have drawn are in the daily chart and show me a medium term trend. Of course, I can do this in every unit of time.

I can recommend four time units.

The weekly chart for the long-term trend. The daily chart for the medium term trend. The H4 / H1 chart for the short-term trend and the M15 / M5 for the ultra short-term trend.

Work your way down from the high time units. Try it yourself and start to identify the trends. This approach can be well combined with their system. After all, it's all about recognizing reversals early.

I hope you enjoy trying it out and looking forward to your feedback.

For project number 3 I will post more information in the next few days.

I wish you a successful trading week

best regards

Bionic

Again, very nicely done.

Hello pakeha,

Thank you, I like to do it for you all, it is good that not everyone knows our strategy and applies this system.

best regards

Bionics

I really like the "event driven" S/R concept that you have put forward here. The use of WRBs within a significant market trend.

As I look at how you have drawn the S/R zones I notice that there are different methods in use. Attached is a picture of the June/July 2017 upward move with points A and C replicated.

I understand that for Point A the lower edge of the S/R zone is the previous resistance level at around 1.1296. It appears the upper edge of the S/R zone is the low of the candle (at around 1.1312) on the first retracement after the 1.1296 resistance.

For Point C it appears a different method is used to determine the S/R zone. It seems to be the zone between the high/low of the small retracement candle prior to the WRB. Is that correct?

If my assumption is correct that there are multiple methods being used to draw the S/R zone, would it be possible to explain all of those methods (or at least the main ones) for us?

Cheers.

[quote=pakeha;11627097]Bionics I really like the "event driven" S/R concept that you have put forward here.


Experience with the new trading approach


Hello dear pakeha, hello dear subscribers,


First of all thank you for your encouragement and your question. You are right that there are different ways to find S / R zones again. My basic and first approach was to find zones in which the price goes directly into the turnaround. Your point C is the best example. However, there are situations where a course is in equilibrium for a long time and then it is crucial to determine these two zones where the course is moving.

Let's look at a concrete example. On October 19, 2018 at 12:00 CET, I posted the following:



We are back at a point where the course has been before and maybe we can now see a small uptrend again. However, if I go a little into the past and look at the supply zones and demand zones, this results in a slightly different picture. The course may need to return to the 1.133736 -1.13641 zone to get the buyers back on track. Should the price once again start a strong downtrend, that does not mean that the price ends exactly on my red resistance line. Within the red resistance line, in my view, a strong uptrend could arise. These are of course pure forecasts, it is important to observe the course in the smaller time units. The price still seems to have strong bearish pressure.



Here we see the point A and the point B. At first glance, it looks like a double top and the assumption is obvious that the course now continues to run upwards. Exactly at point B, I gave my assessment. As I said, all assessments are basically just forecasts, because no one can know exactly what happens before. Let's go into the 5 minute chart.



Here you can clearly see that the course as well as predicted runs around the line. Perhaps the price could start from this line another upward trend. It was interesting that I could find here a stronger future Equilibrium. Maybe it was just luck.

Due to the new approach of the Bionic zigzag trend strength indicator, indirect new candles are formed, which are different in width. This creates new zones that we are currently analyzing. This type of zoning was not there before because there was no such indicator.

Therefore, I can not say too much about the new destination of these zones. For me personally, it was all about optimizing the S / R zone determinations. How far that works with the new indicators will show the time. Basically, it is interesting to first realize that it works.



When analyzing when the trend reversal direction 1.28 takes place I noticed the following.

The upwards trend from December 2016 from 1.03 to 1.255 took place in different trend sequences and strengths. The strongest trend sequence between 1.03-1.20 can be seen at point 1. Within the blue square I have drawn two resistance lines. It is very nice to see how the course at point A reacted to the upper resistance line. However, this has only brought the course to point B. Thus, the red strong zone could not be broken again. The course was strongly dismissed and ran to the point C.
The zone in which the square was drawn is a very strong demand zone. The zone 1,118 would be for me the deepest zone in which the course could run. As we are still in an uptrend, this drawn zone for me is the end of the pullback of 1.255.

Should the price move strongly down from my defined zone 1.133736 -1.13641, two more zones could be considered.

1. The course goes slightly below the zone A from then upwards (arrow Y)

2. The course runs slightly into zone D then upwards (arrow Z)

Due to the price development, it is currently very difficult for me to determine the exact turning point. Here you can only observe the price course and make his decisions in smaller time units.

This type of trade is very demanding, as it is done without great aids. Every little movement has to be taken into account. The same motion sequences hardly ever occur in practice. Exactly, that makes this trade so difficult, but also so effective. That's why I share this idea with everyone, because everyone is called to make their experiences and share them with everyone. This will help us move faster. In the different trend sequences there are HH, HL, LH and LL. The goal is to be able to better determine the HH and the LL in the future. Knowing the trend order I'm in is making trading easier.

I would be very happy if many Subscribers participate in it, because with it we all faster together successfully. The key is independence. Nobody can take away what you are learning. Once you've mastered that, you can log in to any chart image and know what's going to happen next. This allows you to draw zones, wait for the course to enter this zone, and then begin trading.

Here's an example.

On January 29, 2018, I posted a forecast in the EURCHF.

https://www.forexfactory.com/showthr...7#post10719117



The course has still not made it into the POC zone after 950 days. Now we are nearing a decisive phase. I think we will reach the zone relatively quickly. And then? Now I recommend you to watch this zone as you enter the course. As it seems, the zone could push down the course and give us some good shorts.



It was not until April 18, 2018, just under three months later, that the EURCHF price has come to these zones. You would have had to work with a stop of 22 pip. So far, the price has gone down 820 pip. As you can see, you can also track long-term trading approaches that are very interesting in terms of the risk-reward ratio. With this type of trading, you can plan interesting trades on a long-term basis and only trade when it really pays off.

Of course we can also be wrong, because after all, we are human and we are often mistaken. But there are stops that minimize our risk significantly.
A decisive advantage of this new S / R zone determination. This allows me to identify sustainable trends. These sustainable trends are the deciding factor because the fast trends are often just pullbacks without sustainability. This approach greatly reduces loss trades and improves my Moneymanagement.
I hope I could give an answer to the question and I am glad that so many are taking part in this challenge.

best regards

hello,

how to interpret the indicator S-KG BUYERS vs SELLERS 1M

Thank

Hello mchl13,

A very creative programmer Saronko has teamed up with Kang_Gun and FerruFx Price Changes to develop a fast-reacting indicator of price changes.
You get all the information on the following page

https://www.forexfactory.com/showthread.php?t=561522

The interpretation is different, make your own picture. The indicator is interesting if you split it.



best regards

Recognize trend reversals

Hello mchl13,

I've quickly put together an example, so you can get a first idea how to use this indicator.



Here are two M1 charts split by demand market and supply market. The candles are created with the Bionic Chart, also included is the Bionic trend strength indicator.
In the picture below you will find the converted Density Indicator.



The density indicator was split into three areas. At the bottom you will find candle thickness between 0-30%, in the middle 30-70% and above 70-100%. In between there is a trend indicator once for the supply market and once for the demand market. In addition, I have again added the Bionic trend strength indicator at the bottom. Each time a red bar appears, this could be the beginning of a possible trend reversal. I recommend the chart once in the M1 to analyze. This gives you a relatively good overview. Of course, this is only in the short term.

In the download you will find a profile and the indicators. You simply add the indicators to your Metatrader and the profile to the subfolder Profile of MetaTrader. Restart your Metatrader and open the profile Bionic Trend Scalp.

This allows you to quickly identify trend reversals in a relatively simple way.
However, you should not build a trade on it, it is as I said only an interesting help.

I hope that helps you and I am looking forward to your feedback.

I wish you a nice evening and best regards

very nice forum thread you can share template file sir?

Hello thisara1,

First of all, welcome to our blog and thank you for your constructive words. Since these are 2 charts, I have a profile deposited. (Bionic Trend Scalp). Please place this profile in the Profiles folder in your Metatrader. You must place the indicators in the Indicators folder. Close your MT4 and reopen it. Then go to File / Profile and press Bionic Trend Scalp. Then you immediately have both files in your MT4. Then you can then create a template from both charts. I hope that I could help you and wish you a lot of fun with us.

best regards

Interesting extension of the Bionic dashboard



Hello dear subscribers,

On October 19th I introduced the new Bionic Dashboard. Here you have a very interesting extension. The Bionic Chart has been added with all 9 time units. For the installation, read through Post 739 again, and download the indicators. Please add the indicator Density Histogram Red Green there. Please note that the download is just a profile. For this you need the indicators from Post 739. Then you can quickly change the two variants in the profile.

https://www.forexfactory.com/showthr...7#post11605017

I wish you much success and a successful trading day

best regards

looking good my template?

Hello thisara1,

when you install and run the profile your chart will look like this.

Please note that this chart is only for testing purposes and does not trigger trading decisions.

best regards

thank you help,whare are paste chart01.chart02.i dont's understand it

Hello thisara1,



you need to drag the Bionic Trend Scalp folder into the Profiles folder of your Metatrader. Then call up the folder in the Metatrader and everything works. This is a bit unintelligible at first, but over time it will work. Try it in peace, otherwise look at Youtube there you will find all the explanations about the Metatrader.

best regards

thank your help bionicscheckingnow my chart

Hello thisara1



You almost made it, the whole folder has to go in there, then it works.



Then open MT4 and call up the profile.

best regards

[quote = pakeha; 11627097] Bionics Eu realmente gosto do conceito S / R "orientado a eventos" que você apresentou aqui. O uso de WRBs dentro de uma tendência significativa do mercado. Quando vejo como você desenhou as zonas S / R, noto que existem métodos diferentes em uso. Em anexo está uma imagem do movimento ascendente de junho / julho de 2017 com os pontos A e C replicados. Eu entendo que para o Ponto A a borda inferior da zona S / R é o nível de resistência anterior em torno de 1.1296. Parece que a borda superior da zona S / R é a baixa da vela (em torno de 1.1312) no primeiro retrocesso após a resistência de 1.1296. Para o ponto C, aparece um método diferente para determinar a zona S / R. Parece ser a zona entre o alto / baixo da pequena vela de retrocesso anterior ao WRB. Isso está correto? Se minha suposição estiver correta de que há vários métodos sendo usados para desenhar a zona S / R, seria possível explicar todos esses métodos (ou pelo menos os principais) para nós? Felicidades. {image} [/ quote]
Hi pakeha....
COULD SHARE THE INDICATORS?

thank you bionics now working

smZigZag-Bionics_v3.3 indicator re piant?