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Bionic Chart - The easiest forex navigation

  • #101
  • Oct 20, 2021 11:15am Oct 20, 2021 11:15am
Quoting AhmadHassan6
{quote} I really love this video. The very critical point of order flow is explained easily in this video. Thanks Bionics for such a good stuff out here for free. Cheers
Hello Ahmad, I be happy if the information helps you. We all in this thread would be glad if you share your findings with us in the next few days or weeks. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #102
  • Oct 20, 2021 11:16am Oct 20, 2021 11:16am
Important message to everyone visiting our thread for the first time.

First of all, we are pleased that you would like to take part in this exciting exchange. So that you get the most important basics, please have a look at my first post in the interest of all members:

https://www.forexfactory.com/thread/...rex-navigation

Thank you and we look forward, to a constructive exchange with you. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #103
  • Oct 20, 2021 3:37pm Oct 20, 2021 3:37pm
I am interested to participate. Many thanks for your efforts and your generosity

Cheers

Private
  • #104
  • Oct 20, 2021 5:01pm Oct 20, 2021 5:01pm
Quoting privatefr
I am interested to participate. Many thanks for your efforts and your generosity Cheers Private

Hello private, many thanks and a warm welcome to us. I am happy when you are there. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #105
  • Oct 20, 2021 7:47pm Oct 20, 2021 7:47pm
Michael, the ‘key candle’ appears to be an important concept... something we need to understand clearly. How would you define a key candle in words? Is it the following:

1. For an upward price movement is it the first candle, where the entire candle is above the previous level of resistance?

2. Conversely, for a downward price movement is it the first candle where the entire candle is below the previous level of support?

From the key candle high/low we can then create a zone which price will return to... until broken and a new key candle forms.

Is this Correct?
  • #106
  • Edited 9:54pm Oct 20, 2021 9:21pm | Edited 9:54pm
Greetings Michael, Excellent thread , is there any chance of altering the background color so that its easier to see what you are explaining PLEASE ... the contrast atm makes it almost impossible to see you zones etc etc regards SP
EU
Attached Image (click to enlarge)
Click to Enlarge Name: bionic.PNG Size: 87 KB
  • #107
  • Oct 20, 2021 9:39pm Oct 20, 2021 9:39pm
Quoting pakeha
Michael, the ‘key candle’ appears to be an important concept... something we need to understand clearly. How would you define a key candle in words? Is it the following: 1. For an upward price movement is it the first candle, where the entire candle is above the previous level of resistance? 2. Conversely, for a downward price movement is it the first candle where the entire candle is below the previous level of support? From the key candle high/low we can then create a zone which price will return to... until broken and a new key candle forms....

Hello pakeha, first of all, thank you very much for your thoughts. Basically you had a good idea, but unfortunately it's not that easy. Your assumption is partly correct, but one cannot always make an recurring conclusion from it. The reason for this: candles are formed by time and price and therefore arise randomly. Of course, the market movements only arise from the market orders that run into the limit orders. However, this is not visible in the forex market. If the candles are created by chance, no clear patterns can be derived from them. This would make it impossible to create a recurring derivation. First of all, it is important to understand how the big players move the market. An institutional trading approach is structured completely differently, as the big players must first collect and defend their large positions. But there is a ray of hope on the horizon. The big players create so-called invisible price zones, which their trading algorithms are based on. These price zones are of course derived from each other and it is interesting that some of them can be traced back 20 years. And this is exactly where the Bionic candle can bring its strength to use by making these invisible price zones visible to us. I'll be making a video next week to show you all that. I wish you a successful trading day, best regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #108
  • Oct 20, 2021 10:21pm Oct 20, 2021 10:21pm
impressive...i will install this bio candle to my mt4 and share my thought about it.....good job michael
  • #109
  • Oct 20, 2021 10:29pm Oct 20, 2021 10:29pm
Quoting starpro
Greetings Michael, Excellent thread , is there any chance of altering the background color so that its easier to see what you are explaining PLEASE ... the contrast atm makes it almost impossible to see you zones etc etc regards SP EU{image}
Hello starpro, thank you very much. At first I am amazed that your indicator shows different colors, but you can change them in the settings. I didn't understand your question, do you mean the contrast in my videos? Greetings Michael

Attached Image (click to enlarge)
Click to Enlarge Name: Bild1.png Size: 97 KB
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #110
  • Oct 20, 2021 10:32pm Oct 20, 2021 10:32pm
Quoting senjamerah
impressive...i will install this bio candle to my mt4 and share my thought about it.....good job michael
Hello senjamerah, welcome and thank you, we look forward to your feedback. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #111
  • Oct 20, 2021 10:38pm Oct 20, 2021 10:38pm
Michael I had to change the colors so they are clearer on the black Bground , in you video I cannot distinquish your areas or which candles you are pointing out , this is all I can see on same screen as previuos screenshot Regards SP
Attached Image (click to enlarge)
Click to Enlarge Name: bionicA.PNG Size: 123 KB
  • #112
  • Oct 20, 2021 10:40pm Oct 20, 2021 10:40pm
Quoting Bionics
{quote} Hello starpro, thank you very much. At first I am amazed that your indicator shows different colors, but you can change them in the settings. I didn't understand your question, do you mean the contrast in my videos? Greetings Michael {image}
Hi Michael,

I can understand what the red and the lime green lines represent. However I don't understand what the other colours represent. I am sure you will eventually explain what these candle colours represent. I can't wait to apply this knowledge to my trading strategy/strategies. I thank you from the bottom of my heart for all the effort you are putting into this endeavour.

Cheers

Rajandas
  • #113
  • Oct 20, 2021 10:59pm Oct 20, 2021 10:59pm
Quoting starpro
Michael I had to change the colors so they are clearer on the black Bground , in you video I cannot distinquish your areas or which candles you are pointing out , this is all I can see on same screen as previuos screenshot Regards SP{image}
Hello starpro, my videos are all recorded in 4K, it couldn't be better. The problem could be with your screen setting, or maybe with the monitor; it looks like your pixels are way too big. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #114
  • Oct 20, 2021 11:03pm Oct 20, 2021 11:03pm
AH thanks Michael
  • #115
  • Oct 20, 2021 11:03pm Oct 20, 2021 11:03pm
Quoting rajandaas
{quote} Hi Michael, I can understand what the red and the lime green lines represent. However I don't understand what the other colours represent. I am sure you will eventually explain what these candle colours represent. I can't wait to apply this knowledge to my trading strategy/strategies. I thank you from the bottom of my heart for all the effort you are putting into this endeavour. Cheers Rajandas
Welcome to Rajandas, you will find all the information on the first page. Greetings Michael

https://www.forexfactory.com/thread/...rex-navigation
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #116
  • Oct 20, 2021 11:04pm Oct 20, 2021 11:04pm
Important message to everyone visiting our thread for the first time.

First of all, we are pleased that you would like to take part in this exciting exchange. So that you get the most important basics, please have a look at my first post in the interest of all members:

https://www.forexfactory.com/thread/...rex-navigation

Thank you and we look forward, to a constructive exchange with you. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #117
  • Oct 20, 2021 11:37pm Oct 20, 2021 11:37pm
Hiya Michael
When you talk about the big players basically manipulating the market,they don't always get it right,in some cases going bankrupt
Do they all know what the others are doing and if they do isn't it illegal?
  • #118
  • Oct 21, 2021 12:30am Oct 21, 2021 12:30am
Hallo Michael,
vielen Dank für ihre Arbeit.
Auf ihrem Youtube Kanal haben sie etliche Videos in deutscher Sprache und ich lerne daraus sehr viel.
Nun die Frage: Gibt es das neue Video über die Schlüssel Kerze auch in deutsch? Mein englisch ist leider nicht so gut, dass ich alles verstehe und ohne deutschen Text bin ich so gut wie hilflos.

Herzlichen Dank
Skipper13
  • #119
  • Oct 21, 2021 12:47am Oct 21, 2021 12:47am
Quoting skipper13
Hallo Michael, vielen Dank für ihre Arbeit. Auf ihrem Youtube Kanal haben sie etliche Videos in deutscher Sprache und ich lerne daraus sehr viel. Nun die Frage: Gibt es das neue Video über die Schlüssel Kerze auch in deutsch? Mein englisch ist leider nicht so gut, dass ich alles verstehe und ohne deutschen Text bin ich so gut wie hilflos. Herzlichen Dank Skipper13
Hallo Skipper,

du kannst dir die Videos bei Youtube mit deutschem Untertitel anschauen. Nur Untertitel aktivieren und bei den Einstellungen bei automatisch deutsch einstellen.
  • #120
  • Oct 21, 2021 12:55am Oct 21, 2021 12:55am
Hello dear Bionic Traders, I am very happy that you are starting to help each other. After all, we want to work together and exchange ideas and I don't want to just play the solo entertainer. Thank you mattkirby.
Forget:That does not work, amateurs build the ark, pros the Titanic!
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