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Bionic Chart - The easiest forex navigation

  • #161
  • Oct 22, 2021 11:36am Oct 22, 2021 11:36am
Dominance of the big players


Hello dear Bionic Traders,

For the weekend I would like to provide you with a special video about the biggest big players in the stock forex and future market. There we look at the corresponding sales of the various assets and compare them with one another. Where are the biggest big players and why are they not so easy to identify in certain markets? Why is the probability of profit higher in one market than in the other and how can you reduce your liability risk? Why do some big players avoid certain markets? These are just a few of the questions we will deal with in this video. This could help you make the right decisions in the future. You can display subtitles in English on YouTube.

Inserted Video


I wish you a nice weekend and look forward to hearing from you again soon.

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #162
  • Oct 22, 2021 11:38am Oct 22, 2021 11:38am
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!
  • #163
  • Oct 22, 2021 12:18pm Oct 22, 2021 12:18pm
Quoting Bionics
{quote} Hello P.Action, I am pleased that you have already achieved some successes with the Bionic Candle. This will help many participants if you share your experiences with them. I wish you a nice weekend. Greetings Michael
Hi Michael.

It is not only about bionic candle. You have to know PA. Your candle open my visualise. It is more clean.

I use currency strength to select currency. After that PA with bionic candle.
  • #164
  • Oct 22, 2021 12:29pm Oct 22, 2021 12:29pm
And also biggest player is not in eurusd he is in every currency. For example today he buy jpy and sell gbp. So he played with gbpjpy. He didnt Waste his time with eurusd. It is my opinion.

Jpy strength limited with aud from now on.
  • #165
  • Oct 22, 2021 12:58pm Oct 22, 2021 12:58pm
Quoting P.Action
And also biggest player is not in eurusd he is in every currency. For example today he buy jpy and sell gbp. So he played with gbpjpy. He didnt Waste his time with eurusd. It is my opinion. Jpy strength limited with aud from now on.
Hello P.Action, I accept your opinion and I will not have any discussions about it in this blog. We are here to share our experiences with the Bionic Candle. And I'm happy that the candle gives you a clearer picture. I wish you a nice weekend. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #166
  • Oct 22, 2021 1:12pm Oct 22, 2021 1:12pm
Quoting Bionics
{quote} Hello P.Action, I accept your opinion and I will not have any discussions about it in this blog. We are here to share our experiences with the Bionic Candle. And I'm happy that the candle gives you a clearer picture. I wish you a nice weekend. Greetings Michael
Thank you Michael. Have a nice weekend.
  • #167
  • Oct 22, 2021 1:26pm Oct 22, 2021 1:26pm
Hi Michael, I implemented your strategy along with the bionics candles as your videos instructed. I am not sure if I understand it 100% yet but I took this short, On the bearish block level, it was breached by less than a pip like in one of your videos but it held and worked as I thought it would.

If you would care to give me some feedback if you think trade was correct or not it would be appreciated, many thanks.

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  • #168
  • Oct 22, 2021 1:53pm Oct 22, 2021 1:53pm
Quoting venividivici
Hi Michael, I implemented your strategy along with the bionics candles as your videos instructed. I am not sure if I understand it 100% yet but I took this short, On the bearish block level, it was breached by less than a pip like in one of your videos but it held and worked as I thought it would. If you would care to give me some feedback if you think trade was correct or not it would be appreciated, many thanks. {image} {image} {image}
Hello venividivici, I'll take a look at this tomorrow and give you feedback. Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #169
  • Oct 22, 2021 2:04pm Oct 22, 2021 2:04pm
Another trade, this time its a buy, from the same block targeted for the sell take-profit, it reached the block boundary by the pip and went back up.

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  • #170
  • Oct 23, 2021 1:53am Oct 23, 2021 1:53am
Quoting Bionics
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
Hello Michael,
Thanks for the ideas and explanations. Especially the video is quite good...! Can I ask you an off the topic question here? in the video.. what is the software you used to dub in english? it's a text to voice software, I believe? can you tell me, if you don't mind...

Thanks,
Vin
  • #171
  • Oct 23, 2021 2:58am Oct 23, 2021 2:58am
Quoting vinforex7
{quote} Hello Michael, Thanks for the ideas and explanations. Especially the video is quite good...! Can I ask you an off the topic question here? in the video.. what is the software you used to dub in english? it's a text to voice software, I believe? can you tell me, if you don't mind... Thanks, Vin
Hello Vin, welcome to our place and I am pleased if you can find some information here that will help you in your daily business. The software is a standard speech output that is automatically included in Windows 11. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #172
  • Oct 23, 2021 5:39am Oct 23, 2021 5:39am
Quoting venividivici
Another trade, this time its a buy, from the same block targeted for the sell take-profit, it reached the block boundary by the pip and went back up. {image} {image}

Hello venividivici,

First of all, I am glad at how committed you are to the matter. That the trades worked was a fortunate fact as your zones were actually close to the key zones as well.

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I noticed that your Bionic candle is overlapping. You can change the candlestick width under Settings in the indicator, this makes the view clearer. There are also differences in the candlestick display and colors - this is normal because we use different brokers.

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Here is my representation of the zones, but I had very great difficulties, because at first you could identify the big blue candle as the key candle. First of all, I don't know my way around USDCAD because I don't trade it. My main problem, however, is the lower liquidity in the USDCAD limit orders, which leads to uncontrolled volatility during secondary trading times due to larger market orders. Although the EURUSD generates 6 times as high a volume every day, the liquidity of the limit orders on the ask and bid side is even 8 times higher than in the USDCAD. Here is an example.

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On October 18th at 11:05 p.m., we see strong volatility in the USDCAD, which was caused by removing some of the limit orders. I could not draw this zone clearly because I needed a high level of liquidity in the past. A high level of liquidity keeps the price in a narrow range, which means that the individual Bionic candle provides significantly more information.

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At the same time in EURUSD. Here, too, there was less liquidity, but the outbreaks could be determined very reliably beforehand. Nevertheless, the picture still shows clear candles that provide important information for the future. If, due to lower volatility, inaccurate bionic candles are regularly drawn in a currency pair, it will be very difficult to determine the future key candle. This is not due to the bionic candle, but to the liquidity of the individual assets. But there is a small ray of hope and that is a tickchart, which I will go into in more detail in a few weeks. My suggestion: maybe let's start at the beginning in the most liquid EURUSD market. If you know exactly how the Bionic candle works, it will make it easier for you to get started with your favorite assets.

I know that working with the bionic candle is very challenging and not easy at the beginning. Once you have internalized the bionic candle, it helps us to significantly optimize the probability of winning. If we start together in the easiest market EURUSD, we could achieve our goals faster. Have a nice weekend. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #173
  • Oct 23, 2021 7:53am Oct 23, 2021 7:53am
Hello, which drawing would be right here?
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  • #174
  • Oct 23, 2021 8:54am Oct 23, 2021 8:54am
Thanks for videos Michael, you gave me new elements to think about. As soon as I will see them all I will give you my opinions.
Have a nice weekend
Fabio
  • #175
  • Oct 23, 2021 10:00am Oct 23, 2021 10:00am
Quoting ingo3344
Hello, which drawing would be right here? {image} {image}
According to my PA approach this one.
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  • #176
  • Oct 23, 2021 11:24am Oct 23, 2021 11:24am
I subscribed to both your threads, they are undoubtedly interesting (not digestible by the vast majority of traders, no surprise here). Have not read everything, though.

I share some of your ideas, at first they appeared inspired by ICT (although ICT only generated crap after a certain point in time, in my opinion of course). I have also plans to produce an EA much along those lines, or better I already started it, but it is in early stage.

Good luck. Prost!
Follow your guts, if you want to lose your money...
  • #177
  • Oct 23, 2021 11:57am Oct 23, 2021 11:57am
Sorry, I read a little better and see that is quite different from my own ideas and the concepts don't fit well in my mindset.
I will unsubscribe. I apologize.
Follow your guts, if you want to lose your money...
  • #178
  • Oct 23, 2021 12:43pm Oct 23, 2021 12:43pm
Quoting JotaP
Sorry, I read a little better and see that is quite different from my own ideas and the concepts don't fit well in my mindset. I will unsubscribe. I apologize.
Hello JotaP, first of all thank you very much for your honesty. But you don't need to apologize, because working here is voluntary. We wish you all the best for the future. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #179
  • Oct 23, 2021 12:52pm Oct 23, 2021 12:52pm
Quoting WebFlar
Thanks for videos Michael, you gave me new elements to think about. As soon as I will see them all I will give you my opinions. Have a nice weekend Fabio
Hello Fabio, thank you very much. The most important thing is that the information will help you in the long term. If that were the case, I would be very happy about it. Have a nice weekend, Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #180
  • Oct 23, 2021 12:58pm Oct 23, 2021 12:58pm
Quoting ingo3344
Hello, which drawing would be right here? {image} {image}
Hello Ingo, I will post another detailed video next week to illustrate the procedure and how to draw the zones exactly. I wish you a nice weekend. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
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