Bionic Chart - The easiest forex navigation

Good Morning Michael,

thanks for the very detailed analysis - makes a lot of sense! To be honest I have seen that key candle by my self after I posted here and analysed why the price went higher than I expected and then I saw this little Key Candle that broke the resistence. Afterwards many things are getting clearer haha so a lot to learn! But this Thread and your Videos are helping a lot :-).

A great weekend to everyone!
Jan

New video


Hello dear Bionic Traders,

I have decided to publish my previous information, which I shared on my German YouTube channel, in English-language videos. The first video is already online and you can watch it here.



I wish you a great weekend.

Greetings Michael

Hello everyone, in the lower area there is still a week of resistance, which he has also slightly tested on

Then I made 2 trades, resistance 1 was broken with force and then also tested with short pressure from below, this was my first trade and the 2 resistance then also started with pressure. Pulled the resistors out of the m1

Hello Ingo, it works very well for you with the graphics that have been created. A little tip: if you draw the zones in a very dark blue, you can see the colors of the Bionic candle more clearly. You can set the colors individually. Greetings Michael

Double your chances of winning


Hello dear Bionic Traders,

I had a bit of time, so the next video is already here.

Since my videos always revolve around the Bionic Candle, I have been asked by some traders, to post these English videos here as well. Therefore I will gladly comply with this request and inform you as soon as another video is translated.

Double your chances of winning

In this video I will show you how you can double the probability of winning in the Forex market and which market offers the highest level of security. In addition, you will receive an overview of why algorithms traders have the greatest opportunities in the future. We'll look at some interesting examples of this.



Have fun watching

Greetings Michael

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

My pip/min strategy


Hello dear Bionic Traders,

the third english video is already here. Since I do my trades in a very narrow range, I have been approached by many traders about how to calculate their risk. At first, scalping is described as very risky and expensive, but that is a big mistake that we will talk about today. In doing so, I developed a decisive factor: the pip per minute strategy. We'll look at some interesting examples of this.



Have fun watching

Hello dear Bionic Traders,



after the big players collected massive bids last week, the consequence was noticeable today. As suspected, the price went up again and there was a fake breakout above my zone . At point A, came many long traders in the market. Due to the stops triggered, the price could be brought down significantly. On the way down, the big players got out of the dollar more strongly. I'm going to watch this again during the days. Greetings Michael

4 weeks Bionic Candle



Hello dear Bionic Traders,

I started this thread 5 weeks ago and the new Bionic Chart indicator has been available for 4 weeks and has already been downloaded over 1,300 times.


Likewise, my very elaborately created videos have been viewed over 7,500 times. That shows a lot of interest, which I'm very happy about. I have also posted a lot of additional information such as the tickcharts that you have to set up first. As you can see, even though this is just a candle chart, the process is far from easy. Of course, it takes a while to get used to the new chart and to be able to identify the right key candles. Nevertheless, I am interested in your experiences in dealing with the Bionic candle. If you feel like it, tell us about your experiences, because the goal of this thread is that all participants participate.

The advantage of the bionic candle is that it makes it easier to identify the key candles that show the big players' invisible price zones. It is precisely there that there are always trend changes in the price. I would be interested in the extent to which you can already specifically identify these zones and what experiences you have had with them. The bionic candle is not a holy grail, but it can increase our chances of winning if a trader knows how to work with it. I myself know many advantages of the Bionic candle, because I have been working with it for many years. However, there are still many things that are still unclear and that is precisely why we are looking forward to an exchange.

A great day to everyone!

Kind regards Michael

Trade with your ears


Hello dear traders,

the next English video is already online. It's about the requirements of a trader's workstation, why the sounds are four times faster than the charts, neuroscience in brain research and even body language. Today I will show and prove to you exactly why the knowledge of these things is crucial for algorithmic trading. I wish you much fun.



Kind regards Michael

The biggest Big Player,


Today's video is about the question of how to determine your optimal currency pair in the Forex market. There are different approaches that you have to consider in order to significantly increase your probability of winning in the end. In addition, we look at the balance sheets in EURUSD and what sales the big players produce. We'll look at some interesting examples of this.



Kind regards Michael

VPS Server Tickchart Linux Windows


Hello dear traders,

Today's post is about the advantages of the tick chart in order to penetrate deeper into the market and to determine better resistance zones from it. It is also ineffective to run your own server for the tickcharts, so let's take a look at the VPS servers from Microsoft and Linux. There are massive differences in speed and even price differences of up to 500%. In this video we will find out what exactly to look out for and which alternatives are the best.


https://youtu.be/VutJ0kuxbl0


The video is of course produced in 4K again and you can have the spoken text translated into English on YouTube.

I wish you a lot of fun watching it and a nice and relaxing weekend.


Greetings Michael

VPS Server Tickchart Linux Windows


Hello dear traders,

Today's post is about the advantages of the tick chart in order to penetrate deeper into the market and to determine better resistance zones from it. It is also ineffective to run your own server for the tickcharts, so let's take a look at the VPS servers from Microsoft and Linux. There are massive differences in speed and even price differences of up to 500%. In this video we will find out what exactly to look out for and which alternatives are the best.





The video is of course produced in 4K again and you can have the spoken text translated into English on YouTube.

I wish you a lot of fun watching it and a nice and relaxing weekend.


Greetings Michael

High frequency traders


Hello dear traders,

Today's video is about the approach of high frequency traders, how the big players differ from high frequency traders and how we can protect ourselves from them. We'll look at some interesting examples of this.



Kind regards Michael

Hello Michael,
in the M1 Bionic Chart it is not possible for me to go more in the past like 16.09.2021.
How is it possible to increase the amount of candles?
best regards
Rob

Hi Rob, here is a guide on how to download more data in EURUSD.



Greetings Michael

Unfair Big Player strategies

Hello dear traders,

Today's video is about the strategies of the big players. Among other things, we look at the extreme imbalance between big players and retail traders, why limit orders influence the market more than market orders, the three main strategies of big players and the impact of algorithms on market events. At the end is important, how to use this information for our advantage. We'll look at some interesting examples of this.




Greetings Michael

Important information about the Bionic Candle



Hello dear Bionic Traders,


Six weeks ago I started to publish my various findings that I have gathered about the Bionic candle over the past few years. This then resulted in a real rush to this new approach. After four weeks, things got a little quieter on this blog. In addition, I then posted some videos about the procedure of the big players, which at first glance have nothing to do with the Bionic candle. I would like to share a few important things about that today.


The following situation is sure to sound familiar to all of us. As a trading beginner, you are looking for decision-making aids to help you get in or out. These can be individual indicators or even complete setups. First we analyze whether this strategy is suitable for us. If the indicator convinces us, let's install it on our chart. The mere fact that we download and install the indicator shows that we are enthusiastic and believe in it. Now you start to work with the indicator and you realize relatively quickly that it is more difficult than you initially assumed. Now comes the phase of disillusionment. The next thing you realize is that the indicator is not delivering what you expected it to be at the beginning. At some point you realize that this indicator cannot predict the future either and you start looking for a new and better way.


However, that is not surprising when you know who you are actually trading against in this market. The big players are a professional football team, for example Real Madrid, who train 8-10 hours a day on the field. We retail traders, on the other hand, are a village team that meets once a week to play with each other. In addition, many traders combine the indicators they have already used from the past with the new indicator. However, these are mostly different approaches that are not that easy to combine with one another. You don't drive with snow chains on summer tires either.


Personally, I have been working with the Bionic candle for over 5000 hours and at the beginning I didn't know myself whether this candle could actually help me. Everyone who learns something first goes through the four levels of competence development.

First there is the unconscious incompetence. You don't know that you don't know or can't do something. A six-year-old child sitting in his father's car is unaware that he cannot drive this vehicle himself.

Then comes the conscious incompetence, i.e. I become aware that I don't know or cannot do something. The twelve-year-old, who is sitting in the front of the car next to his father, is aware that he cannot drive this vehicle himself.

The unconscious competence shows the person that he can and knows something. An 18-year-old learner driver is gradually learning how to use the vehicle. At the beginning he has a bit of a problem with the request, inside mirror, outside mirror, look over the shoulder and only then set blinkers.

The conscious competence means that the knowledge and ability is integrated and runs automatically. A 24-year-old driver who has already covered a few 100,000 km sometimes does not know how he made his daily commute to work or home because he was talking to his passenger or listening to music.

And you go through these individual competence levels with the Bionic Candle and of course you need a certain amount of time for this.



A driver who blindly follows his navigation system ...


... may calculated up with a nasty surprise. We mustn't believe that we just put a bionic candle in our chart, draw a few zones and can earn some 1000 € with it.



Of course, the bionic candle is an unbeatable instrument, but only if I can understand how the big players work and see exactly what phase these big players are currently in. The right decisions can then be made from this. But just drawing a few zones on the bionic chart will not produce the results you were hoping for. For this very reason, it is important to understand how the big players operate in EURUSD. And since I've been working in EURUSD for over 11 years, I can of course only talk about this currency pair. The procedure in the other ASSETS is partly completely different because there are significantly smaller big players at work.


In addition to the approach of the big players, there are also many other aspects that accelerate individual success. There are so many things to consider when it comes to money management alone. These are often just small things that have a big impact. At first glance, it looks very simple if you draw a resistance zone on the chart and the price actually reacts there. However, it is important to know that the price does not react because we have drawn a zone, but rather the price reacts because of this special situation. And this situation has to do with how the big players work and proceed. For this reason, it is first of all important to understand why the big players do this and what goals they want to achieve with them. The Bionic candle has the clear advantage that it is able to make the invisible price zones of the big players visible. However, if you don't know exactly what phase the big players are in, even the best invisible price zones are of no use. This is precisely why it is important to take a closer look at the approach taken by the big players. I can only emphasize that the Bionic candle is just a small piece of the puzzle for me. Of course, it helps me to identify the crucial zones, but as a scalper I would never derive a trading decision from them. To do this, I need real stock market data that give me a deeper market insight. Of course, the Bionic Candle can significantly increase the probability of a forex trader, working without stock market data. But in the end it is not a holy grail, although it is the fastest indicator in the chart as a price display. As a trader, you always have to decide which puzzle pieces are important to you. And possibly the Bionic candle could become one of these pieces of the puzzle for you in the future.

I wish you continued success in trading

Kind regards Michael

Hi Michael, I would like to thank you for your bionic candles. I know you wanted them used on EUR/USD but I have been using them on indices on 1min charts and find them fantastic. So thank you for all your hard work. I wish you continued success also.

Regards, Baz

Hello Bazi, welcome to our thread and thank you for your statement. I am glad that the Bionic candle helps you. Basically you can use the Bionic candle in all forex markets, but the highest probability of winning is achieved in markets that provide a high level of liquidity on the limit side. A high level of liquidity means that the bionic candle are drawn more clearly and the zones can be identified more precisely. But basically it works in all markets. The reason why we only present examples in EURUSD in this thread is only because the key candles are the easiest to identify. This means that the learning effect is highest. Once one have understood bionic candle, you will be able to trade more successfully with it in other markets. All the best for the future. Greetings Michael