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Bionic Chart - The easiest forex navigation

  • #241
  • Oct 26, 2021 3:03am Oct 26, 2021 3:03am
I'm also curious how it goes on, with the entrances in the m1
  • #242
  • Oct 26, 2021 3:08am Oct 26, 2021 3:08am
Attached Image (click to enlarge)
Click to Enlarge Name: DX1!_2021-10-26_09-59-04.png Size: 377 KB

https://www.tradingview.com/x/U8QML2LC/

This illustrates my findings concerning the H4 volume profile levels. Sorry I can't upload a screenshot of my MT4 terminal as for some reason my iPhone won't accept incoming pictures sent from my windows computer. But you can look for yourself how these levels interact with the Bionic Candles provided by Michael. I am convinced there is an enormous edge in trading volume profile levels with Bionic Candles, although I am still trying to wrap my head around them.
  • #243
  • Oct 26, 2021 4:19am Oct 26, 2021 4:19am
Quoting Silverwater
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...
Hello Silverwater, first of all, welcome to our blog. I am very happy that you are participating in our project. The invisible price zones are actually highly relevant and can be identified by a key candle in the bionic chart. I wrote about these zones at FF 4 years ago. These price zones are used by the big players until the market notices it and it no longer pays off for them. This also has something to do with setting up the algorithms for certain price zones. You can also see with stock market data that they are repeatedly using their iceberg orders in the same price zones. Your strategies work on the same principle over and over again. In order to have as little stress as possible with the price alignment of the algorithms, the price zones are simply changed. This saves time and is effective. The key candle is often a strong breakout candle (yellow / blue candle or candle with a small pullback) after a previous equilibrium. A lot of traders are stopped there because they were going in the wrong direction. There are hardly any long traders in such a upward running key candle. Only then do many traders begin to trade in the right direction. For this reason, the big player must maximally enter this key zone in order to effectively pull most long traders out of the market or at least to limit their profits. Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #244
  • Oct 26, 2021 4:21am Oct 26, 2021 4:21am
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!
  • #245
  • Edited 6:25am Oct 26, 2021 6:00am | Edited 6:25am
Quoting Bionics
{quote} Hello Silverwater, first of all, welcome to our blog. I am very happy that you are participating in our project. The invisible price zones are actually highly relevant and can be identified by a key candle in the bionic chart. I wrote about these zones at FF 4 years ago. These price zones are used by the big players until the market notices it and it no longer pays off for them. This also has something to do with setting up the algorithms for certain price zones. You can also see with stock market data that they are repeatedly using their...
Thank you Michael. Now I know what type of Bionic candle to look for and see if they somehow align with volume profile levels. As you can see, earlier today I was monitoring E/U Bionic candles next to the CME/ICE volume profile levels, and I could already observe interesting price behavior. I'll be working my way through your older posts as well.

On another note, I must say I find MT4 quite tedious to work with. Is there any chance Bionic Candles could be programmed for Tradingview? You are probably way too busy, I'm just curious if this is something that would be considered in the future.
  • #246
  • Oct 26, 2021 6:40am Oct 26, 2021 6:40am
It is very convenient to work with bionic candles on H1 ........ You collect money like a vacuum cleaner !!! SUPER!!!
  • #247
  • Oct 26, 2021 8:03am Oct 26, 2021 8:03am
Quoting Silverwater
{quote} Danke Michael. Jetzt weiß ich, nach welcher Art von bionischer Kerze ich suchen muss, und schaue, ob sie irgendwie mit den Lautstärkeprofilniveaus übereinstimmen. Wie Sie sehen, habe ich heute E/U Bionic Candles neben den CME/ICE-Volumenprofilniveaus beobachtet und konnte bereits ein interessantes Kursverhalten beobachten. Ich werde mich auch durch deine älteren Beiträge arbeiten. Außerdem muss ich sagen, dass ich die Arbeit mit MT4 ziemlich mühsam finde. Besteht die Möglichkeit, dass Bionic Candles für Tradingview programmiert werden könnten?...
Hello Silverwater, First of all I have completely redeveloped the indicator in order to work out the concrete advantages of the Bionic Candle together with the market participants in this thread. Your question shows me that you expect a lot from the Bionic candle and I am happy about that. Tradingview uses the Pine script, which is a relatively simple programming language. But we're not that far yet. We're still at the beginning of the project and although I've already invested over 5,000 hours in the Bionic Candle, we still don't know the key points. So let's take the first step and start with this project. In addition, the fewer people who know about the project, the better for us all, provided the Bionic Candle gives you the decisive advantage. Another point, I have been working very successfully with the Bionic Candle for 3 years, although the bionic Candle is not decisive for my entry into trading, only the stock market data. The Bionic Candle shows me where something could happen and the stock market data decide when it happens. Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #248
  • Oct 26, 2021 8:07am Oct 26, 2021 8:07am
Quoting Mik-Orlov
Es ist sehr praktisch, mit bionischen Kerzen auf H1 zu arbeiten........ Sie sammeln Geld wie ein Staubsauger !!! SUPER!!!
Hello Mik-Orlov, I'm pleased. Many participants would be happy if you shared your approach to learn from. Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #249
  • Oct 26, 2021 8:13am Oct 26, 2021 8:13am
Quoting Silverwater
{image} https://www.tradingview.com/x/U8QML2LC/ This illustrates my findings concerning the H4 volume profile levels. Sorry I can't upload a screenshot of my MT4 terminal as for some reason my iPhone won't accept incoming pictures sent from my windows computer. But you can look for yourself how these levels interact with the Bionic Candles provided by Michael. I am convinced there is an enormous edge in trading volume profile levels with Bionic Candles, although I am still trying to wrap my head around them.

Hi Silverwater, thanks for your findings and I like them because it lead me into looking for a better means of trading. Please which volume profile indicator do you use and can you share it here?

Thanks and I appreciate it.

Penuel.
  • #250
  • Oct 26, 2021 8:27am Oct 26, 2021 8:27am
Quoting penuelophir
{quote} Hi Silverwater, thanks for your findings and I like them because it lead me into looking for a better means of trading. Please which volume profile indicator do you use and can you share it here? Thanks and I appreciate it. Penuel.
Hello penuelophir, first of all, welcome to our blog. First of all, I ask you to use this thread for the Bionic Candle. You can also write to Silverwater by PM, there you can then exchange ideas in peace. Many thanks and best regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #251
  • Oct 26, 2021 8:33am Oct 26, 2021 8:33am
[quote = Bionics; 13760484] {quote} Привет, Мик-Орлов, я доволен. Многие участники были бы счастливы, если бы вы поделились своим подходом к чему-то полезному. С уважением, Майкл [/ quote]


Everything is very simple ...... Levels, .... zones are not objective concepts in Forex. It is rather creativity: the multicolor of different lines ..... And your bionic candle helps me to quickly enter the sale when a yellow candle appears .... I hold a position for no more than a minute ... I take profit .... As they say in Russia: " Two thousand repetitions, and everything will work out! "))))))))))
  • #252
  • Oct 26, 2021 9:24am Oct 26, 2021 9:24am
Hello dear Bionic Traders,

Attached Image (click to enlarge)
Click to Enlarge Name: Folie2.PNG Size: 93 KB


my upper zone drawn yesterday was not entirely correct, as the actual key candle was one candle above it. I will explain to you, why I was wrong, tomorrow in more detail. That the price from my zone would go down, you could see today into the limit orders. I wish you a nice evening. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #253
  • Oct 26, 2021 9:45am Oct 26, 2021 9:45am
m1, nice setup, nice drop
too bad i didnt trade it, i was away allmost the day

good luck to all
Attached Image (click to enlarge)
Click to Enlarge Name: m1.PNG Size: 18 KB
Uncertainty of the market must be embraced and accepted.
  • #254
  • Oct 26, 2021 9:49am Oct 26, 2021 9:49am
Entered a long trade on EURUSD

Key candle zone and a build up of buyers shown via bionic candle cluster

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 59 KB
  • #255
  • Oct 26, 2021 11:05am Oct 26, 2021 11:05am
Quoting Tradelive
Entered a long trade on EURUSD Key candle zone and a build up of buyers shown via bionic candle cluster {image}
Buy market orders (aggressive buyers) or sell limit orders (passive sellers) both show up on the ask. Can never tell which one is really driving price action. In this case I believe price dropped on the next candle so only then do we get our answer... sell limit orders. So the Bionic Candle is not going to be able to distinguish that.
  • #256
  • Oct 26, 2021 7:13pm Oct 26, 2021 7:13pm
Attachment g
  • #257
  • Oct 26, 2021 7:16pm Oct 26, 2021 7:16pm
Attached Image (click to enlarge)
Click to Enlarge Name: e7ee5b33be71e2a87c4dbad1840f3022.png Size: 37 KB
  • #258
  • Oct 26, 2021 10:49pm Oct 26, 2021 10:49pm
Quoting Mik-Orlov
[quote = Bionics; 13760484] {quote} Привет, Мик-Орлов, я доволен. Многие участники были бы счастливы, если бы вы поделились своим...

Hello sir
a yellow candle is indicate that the buyer is strong right?
why enter a sell for 1 minute?

can you explain more detail please
if there's also some picture i will be much appreciate it
  • #259
  • Oct 27, 2021 12:33am Oct 27, 2021 12:33am
Michael,
I stumbled upon this thread just today and have been reading since I found it. It is very gracious of you to share your several years of work and research with all who wish to learn and contribute. The Bionic Candle is an awesome concept that I feel will help me very much in my trading. My only experience with the Big Boys is to be on the wrong side of them , rarely on the right side. I am semi-retired and have more time to dedicate to trading now than before and am not too old to learn, when you stop learning you start dying inside I feel. I have already installed the Bionic candle in to my charts ,I trade multi timeframes, so that I can see better the true price action . You are a scholar and gentleman as I have have read every line in this thread so far.
Thank you for all you've already done ,
Mike
  • #260
  • Oct 27, 2021 2:23am Oct 27, 2021 2:23am
Quoting mikeld
Michael, I stumbled upon this thread just today and have been reading since I found it. It is very gracious of you to share your several years of work and research with all who wish to learn and contribute. The Bionic Candle is an awesome concept that I feel will help me very much in my trading. My only experience with the Big Boys is to be on the wrong side of them , rarely on the right side. I am semi-retired and have more time to dedicate to trading now than before and am not too old to learn, when you stop learning you start dying inside I feel....
Hello Mike, thank you very much and welcome to our blog. The Bionic Candle can help you to find significantly more entries in the future, but you have to deal with it every day. I am glad that you share your experience with us and I wish you every success. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
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