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Bionic Chart - The easiest forex navigation

  • #221
  • Oct 25, 2021 10:25am Oct 25, 2021 10:25am
i found these ones. different pairs and tf.
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  • #222
  • Oct 25, 2021 11:30am Oct 25, 2021 11:30am
Last zone drawn worked out very nicely, could have set a sell limit there

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  • #223
  • Oct 25, 2021 11:40am Oct 25, 2021 11:40am
Quoting ingo3344
Hello, I am practicing the question if the zones are correct? {image}

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Hello Ingo, here are my daily zones. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #224
  • Oct 25, 2021 11:42am Oct 25, 2021 11:42am
Quoting Tradelive
Last zone drawn worked out very nicely, could have set a sell limit there {image} {image} {image}

Hello Tradelive, things are going well I'm pleased. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #225
  • Oct 25, 2021 11:44am Oct 25, 2021 11:44am
Another approach from me. All jpy Pairs with 1 zone that created same time. if jpynzd break upside all of them should go up. only 2 of them didnt break zone. jpynzd and jpyaud as i said before jpy strength limited by aud. from now it is limited with nzd.
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  • #226
  • Oct 25, 2021 11:47am Oct 25, 2021 11:47am
Quoting P.Action
i found these ones. different pairs and tf. {image} {image} {image} {image} {image} {image} {image} {image}
Hello P.Action, you are on the right track. I would also recommend that you make the candles narrower. You can adjust this in the indicator. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #227
  • Oct 25, 2021 11:50am Oct 25, 2021 11:50am
Quoting P.Action
Another approach from me. All jpy Pairs with 1 zone that created same time. if jpynzd break upside all of them should go up. only 2 of them didnt break zone. jpynzd and jpyaud as i said before jpy strength limited by aud. from now it is limited with nzd. {image}
Hello P.Action, I'm pleased, but maybe in the future we can only talk about the Bionic Candle EURUSD so that everyone in the thread can benefit from it. Thank you very much Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #228
  • Oct 25, 2021 12:00pm Oct 25, 2021 12:00pm
Quoting Bionics
{quote} Hello P.Action, I'm pleased, but maybe in the future we can only talk about the Bionic Candle EURUSD so that everyone in the thread can benefit from it. Thank you very much Michael
Okey Michael. I follow all 28 pairs at the same time. eurusd is one of them in this pool. Nothing more nothing less for me.

Maybe tomorrow i could share my general eurusd outlook. Greetings pa
  • #229
  • Oct 25, 2021 12:01pm Oct 25, 2021 12:01pm
Quoting Bionics
{quote} Hello Tradelive, things are going well I'm pleased. Greetings Michael

Thanks micheal, i have not taken any trades as yet just trying to get the feel of the bionic candles and key candles
  • #230
  • Oct 25, 2021 12:04pm Oct 25, 2021 12:04pm
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!
  • #231
  • Oct 25, 2021 12:17pm Oct 25, 2021 12:17pm
And also when i trade, i chose pair at that time.

I dont chose pair and dont wait trading time.

For example if i trade now i chose nzdcad for long opportunity.
  • #232
  • Oct 25, 2021 12:22pm Oct 25, 2021 12:22pm
eurusd long trade

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  • #233
  • Oct 25, 2021 12:37pm Oct 25, 2021 12:37pm
Todays Chart, i wonder what i will think of this a few months down the line

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  • #234
  • Oct 25, 2021 1:47pm Oct 25, 2021 1:47pm
Quoting Tradelive
Todays Chart, i wonder what i will think of this a few months down the line {image}
There is a lot of levels. Less levels create more simple decisions.

There is 3 important levels i marked. General trend is down so try to find short opportunity you have 2 resistence zone number1 zone is too close to lowest level. Number 3 is more possible to scalp short trade.

For True zone marking you have to write True story of buyers and sellers.
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  • #235
  • Oct 25, 2021 2:33pm Oct 25, 2021 2:33pm
M. Is the candle indicator compatible with both MT4 and MT5? TY
  • #236
  • Oct 25, 2021 2:34pm Oct 25, 2021 2:34pm
Quoting venividivici
eurusd long trade {image} {image}
and we have another entry for the late people, at the moment and with a very clear tp and sl zones this time
the problem could be the spread increase can kill the trade

cheers
Uncertainty of the market must be embraced and accepted.
  • #237
  • Oct 25, 2021 3:39pm Oct 25, 2021 3:39pm
Quoting P.Action
{quote} There is a lot of levels. Less levels create more simple decisions. There is 3 important levels i marked. General trend is down so try to find short opportunity you have 2 resistence zone number1 zone is too close to lowest level. Number 3 is more possible to scalp short trade. For True zone marking you have to write True story of buyers and sellers. {image}

Thank you for the input and yes i understand the normal zones of trading.

But i am following the key bionic candle areas as they will be different than the buyer and seller zones we normally deal with and trades take profit in 2 to 3 1m candles so your zone 2 would be to large an area for me and could create a larger DD

I might as well go back and trade S/D otherwise
  • #238
  • Oct 25, 2021 11:28pm Oct 25, 2021 11:28pm
Quoting Rgo
M. Is the candle indicator compatible with both MT4 and MT5? TY
Hello Rgo, the Bionic Candle is currently only available for the MT4. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #239
  • Oct 26, 2021 12:09am Oct 26, 2021 12:09am
Quoting Tradelive
Todays Chart, i wonder what i will think of this a few months down the line {image}
Hello Tradelive, it will be like everything, that you try for the first time. The accuracy is much clearer in larger time units. That's why I often reduce the zones from the daily chart to the H1 / H15 and then to the M5 / M1. For me, the Bionic Candle is a means to an end that gives me additional information because the price is the fastest indicator on a chart. In addition, it is crucial for me to know where the big players are and what they are doing next. To do this, of course, you always have to work with assumptions that improve over the years through experience. That is why parallel access to stock market data is just as important to me. In the current chart I don't work with so many zones, that will change for you too. A major challenge is the time that determines when a new candle is formed. As I have already written, a candle is only created by chance due to time and price. However, the Bionic Candle shows the strength within these candles 7 times more accurately than a candle chart. This means that a trader can find at least twice as many entries that allow a significantly higher probability of winning. For this, I will show some more examples of how you can optimize your entrances. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #240
  • Oct 26, 2021 1:21am Oct 26, 2021 1:21am
Hello Bionics,

yesterday I installed your Bionic Candle indicator to see if it can provide the missing piece to my Forex trading hypothesis.

I am doing quite well in the indices futures market but you are right about various advantages in trading Forex, so I decided to look into it.

My approach tackles several obstacles you have repeatedly mentioned. Using futures data of major pairs traded on the CME, I analyzed their behavior with my beloved volume profile and found that there is a considerable edge in trading volume profile levels. The H4 volume profile levels seem to be of significant importance for intraday movements. I also keep an eye on the US dollar Index futures on ICE. As you wrote, the big players create invisible price zones, and I believe volume profile levels is an important tool to look for trade entries. Also as you wrote, candles are random, but from my experience, volume profile levels are not. I have also gathered enough evidence to conclude that the algorithms both in FX pairs as well as indices futures are working on a H4 volume profile basis.

That being said, I haven't been able to consistently spot the relevant volume profile levels in FX pairs. I think your Bionic Candles can point me in the right direction when evaluating which levels to trade.

I will post updates as I learn how to properly use the Bionic Candle.
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