Forget:That does not work, amateurs build the ark, pros the Titanic!
Bionic Chart - The easiest forex navigation
- #401
- Nov 24, 2021 6:11am Nov 24, 2021 6:11am
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
- #402
- Nov 27, 2021 4:43am Nov 27, 2021 4:43am
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
Forget:That does not work, amateurs build the ark, pros the Titanic!
- #403
- Nov 27, 2021 10:45am Nov 27, 2021 10:45am
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
Forget:That does not work, amateurs build the ark, pros the Titanic!
- #404
- Nov 29, 2021 4:42am Nov 29, 2021 4:42am
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
Forget:That does not work, amateurs build the ark, pros the Titanic!
- #407
- Edited 4:46am Nov 30, 2021 4:28am | Edited 4:46am
- Joined Nov 2008 | Status: Trader | 2,141 Posts
Servus Michael
Thks. for the first class free lessons. Totally agree with the Big Player´s
dominance of the market, and the need to find a way to read their footprint to trade accordingly, and not the other way, feeding the whale.
Question: how do you handle the absurd "Verlustverrechnung bei Termingeschäften", for CFD´s forex trading in Germany, and the 20K limit on deductible losses?
Thks. for the first class free lessons. Totally agree with the Big Player´s
dominance of the market, and the need to find a way to read their footprint to trade accordingly, and not the other way, feeding the whale.Question: how do you handle the absurd "Verlustverrechnung bei Termingeschäften", for CFD´s forex trading in Germany, and the 20K limit on deductible losses?
- #408
- Edited 6:23am Nov 30, 2021 5:50am | Edited 6:23am
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
Forget:That does not work, amateurs build the ark, pros the Titanic!
- #409
- Nov 30, 2021 5:59am Nov 30, 2021 5:59am
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
Servus Michael Thks. for the first class free lessons. Totally agree with the Big Player´s
Hello cuchuflito,
First of all, thank you very much for your compliment and welcome to our thread. The secret lies in a high profit rate, which ensures that the range between trading income and trading loss is as far apart as possible.
Here is the video and a table to download:
https://www.forexfactory.com/thread/...4#post13362504
Greetings Michael
This can be achieved with the Bionic Candle !!!
Forget:That does not work, amateurs build the ark, pros the Titanic!
- #410
- Edited 6:38am Nov 30, 2021 6:15am | Edited 6:38am
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
The secret of the Bionic Candle
Hello dear Bionic Traders,
A candle is made out of price and time. Time is a fixed factor while the price is variable, which is why a candle is always created randomly. This means that there are no clear pattern sequences within the candles, so that the candle formations are only created by chance. A trader should always base his trading approach on high probabilities and not coincidences. The big players are the only traders who move big markets. They work with algorithms that make it easier for them to control individual market and limit orders. These algorithms are very complex to program because they have to ensure communication between the individual order types. There are algorithms that search the market for certain abnormalities, e.g. hidden stops, and there are algorithms that trigger certain trading strategies. In the event of a breakout, market orders are shot into the market and at the same time the limit orders that would hold up the own market orders are withdrawn. In order not to have to program new algorithms every day, the internal processes within the algorithms remain. For this, the big players in the market create invisible price zones that are simply shifted depending on the situation. This means that the algorithms are only shifted to a different price level and can continue to follow their programming.
The Bionic Candle was developed precisely for this and indirectly follows this institutional trading approach. This makes it easier to identify these invisible price zones of the big players and to determine possible trend reversals with a higher probability. The Bionic Candle shows the candle strength more precisely than the candle charts and unclear prices are better represented. This also saves a considerable amount of time. By making the invisible price zones visible, clear entry and exit points can now be fixed in the chart beforehand. These invisible price zones can be reduced significantly in the tick chart, thereby reducing your stop loss, increasing the CRV and reducing your risk at the same time. You can also do without many indicators, as they only follow the price chart and are therefore slower. This means that you are distracted even less and the screen is not unnecessarily cluttered. Those who identify the invisible price zones of the big players have a clear trading advantage over most market participants. That alone is a good reason to take a closer look at the Bionic Candle. On the first page of this thread you will find 7 videos where the advantages of the Bionic Candle are discussed in practice within 1 hour. You can then decide whether the Bionic Candle will also benefit you.
https://www.forexfactory.com/thread/...rex-navigation
I wish you all a successful trading day.
Greetings Michael
Hello dear Bionic Traders,
A candle is made out of price and time. Time is a fixed factor while the price is variable, which is why a candle is always created randomly. This means that there are no clear pattern sequences within the candles, so that the candle formations are only created by chance. A trader should always base his trading approach on high probabilities and not coincidences. The big players are the only traders who move big markets. They work with algorithms that make it easier for them to control individual market and limit orders. These algorithms are very complex to program because they have to ensure communication between the individual order types. There are algorithms that search the market for certain abnormalities, e.g. hidden stops, and there are algorithms that trigger certain trading strategies. In the event of a breakout, market orders are shot into the market and at the same time the limit orders that would hold up the own market orders are withdrawn. In order not to have to program new algorithms every day, the internal processes within the algorithms remain. For this, the big players in the market create invisible price zones that are simply shifted depending on the situation. This means that the algorithms are only shifted to a different price level and can continue to follow their programming.
The Bionic Candle was developed precisely for this and indirectly follows this institutional trading approach. This makes it easier to identify these invisible price zones of the big players and to determine possible trend reversals with a higher probability. The Bionic Candle shows the candle strength more precisely than the candle charts and unclear prices are better represented. This also saves a considerable amount of time. By making the invisible price zones visible, clear entry and exit points can now be fixed in the chart beforehand. These invisible price zones can be reduced significantly in the tick chart, thereby reducing your stop loss, increasing the CRV and reducing your risk at the same time. You can also do without many indicators, as they only follow the price chart and are therefore slower. This means that you are distracted even less and the screen is not unnecessarily cluttered. Those who identify the invisible price zones of the big players have a clear trading advantage over most market participants. That alone is a good reason to take a closer look at the Bionic Candle. On the first page of this thread you will find 7 videos where the advantages of the Bionic Candle are discussed in practice within 1 hour. You can then decide whether the Bionic Candle will also benefit you.
https://www.forexfactory.com/thread/...rex-navigation
I wish you all a successful trading day.
Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
- #412
- Dec 1, 2021 12:37pm Dec 1, 2021 12:37pm
- Joined Nov 2008 | Status: Trader | 2,141 Posts
"I had a choice between Rainwoods and OVO."
I bought the OVO period converter a while ago, very useful and cheap for 2 machines.
Tick charts: very interesting, I am digesting, for now, the key candle and zone creating.
Thanks again, Michael.
I bought the OVO period converter a while ago, very useful and cheap for 2 machines.
Tick charts: very interesting, I am digesting, for now, the key candle and zone creating.
Thanks again, Michael.
- #413
- Dec 2, 2021 6:29am Dec 2, 2021 6:29am
- Joined Nov 2008 | Status: Trader | 2,141 Posts
Took this long trade this morning (red arrow) once it reached the first zone (turquoise line), I moved my stop to BE, and got stopped out.
In this case, the blue bearish bionic candle warned me of the bear move, I could have closed the trade with more than an R profit.
Lesson learned, once a level is reached and you get a strong bionic candle against you, get out. I am starting to see the usefulness of "Bionic".
In this case, the blue bearish bionic candle warned me of the bear move, I could have closed the trade with more than an R profit.
Lesson learned, once a level is reached and you get a strong bionic candle against you, get out. I am starting to see the usefulness of "Bionic".
- #414
- Dec 2, 2021 6:40am Dec 2, 2021 6:40am
- Joined Nov 2008 | Status: Trader | 2,141 Posts
My last year´s trading was based on using Stop Runs
as potential entry levels, then adding other filters and triggers.
The challenge was spotting the right levels. These "bionic candles' hidden levels" give me a whole new perspective and accuracy.
Thanks again Michael, very useful!
as potential entry levels, then adding other filters and triggers.The challenge was spotting the right levels. These "bionic candles' hidden levels" give me a whole new perspective and accuracy.
Thanks again Michael, very useful!
- #416
- Dec 2, 2021 11:44am Dec 2, 2021 11:44am
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
My last year´s trading was based on using Stop Runs
I am very happy that the Bionic Candle helps you in retail. I am even more pleased that you are sharing your experiences here so that others can also benefit from it. Working with the Bionic Candle is initially a great challenge, as we are only concentrating on one candle that is represented differently. Many people are initially unfamiliar with this, as they used several indicators beforehand. But the advantage is that the chart is tidier and you can now focus your senses much better on the decisive factors. When I developed the Bionic candle, I couldn't do much with it at the beginning and I even ignored it for a while. But when I realized what I had developed, that changed suddenly. The Bionic Candle is a wolf in sheep's clothing but you have to put in a little effort to discover the wolf.
I keep my fingers crossed for you to discover this wolf and I am happy if all trader share their experiences with us.
Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
- #417
- Dec 2, 2021 12:18pm Dec 2, 2021 12:18pm
- Joined Oct 2015 | Status: Trader | 18,269 Posts
{quote} Hello cuchuflito, I am very happy that the Bionic Candle helps you in retail. I am even more pleased that you are sharing your experiences here so that others can also benefit from it. Working with the Bionic Candle is initially a great challenge, as we are only concentrating on one candle that is represented differently. Many people are initially unfamiliar with this, as they used several indicators beforehand. But the advantage is that the chart is tidier and you can now focus your senses much...
That is: If we are concentrating on using this ''one candle'' as our key, why do we need the others represented at all? Would this not be even more viable as an indicator by only printing the key candle, making all others invisible. Price, as the important part of the equation would be represented by a line graph.
So, in total on screen, you'd have the key candle when it appeared, with its extended zone and the price line. That's it. Nothing more.
Just my musings. I'd use it though!
- #418
- Dec 2, 2021 12:20pm Dec 2, 2021 12:20pm
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
Forget:That does not work, amateurs build the ark, pros the Titanic!
- #419
- Dec 2, 2021 12:21pm Dec 2, 2021 12:21pm
- Joined Dec 2017 | Status: //houston ǝʍ have a probl | 2,685 Posts
Forget:That does not work, amateurs build the ark, pros the Titanic!