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Bionic Chart - The easiest forex navigation

  • #441
  • Dec 7, 2021 1:50am Dec 7, 2021 1:50am
Quoting NecTemere
Michael, I am a quiet lurker in many forex forums and I speak very rarely (I have a rule that if I have nothing interesting to say, I remain silent). I must admit that I am very intrigued by the concepts you describe on the forum and in the movies, the issues you describe are very close to me: - years ago I experimented with charts modifying them so that I could see upside and downside candles separately - I was wondering about the possibilities of "hearing" the price movement, hoping that there was a kind of harmony in it - I became sure that price...
Hello NecTemere,

first of all, welcome to our blog and thank you for your encouragement. I absolutely agree with you that there are no clear patterns in the price, in the candles, or in the indicators. The price arises exclusively from the fact that the market orders run into the limit orders and are processed one after the other. However, we do not have this information in the forex market. Also in the Bionic candle you cannot identify any clear patterns from which a future price forecast can be derived. However, due to the structure of the bionic candle, we are able to identify the invisible price zones of the big players. These invisible price zones play a major role in the area of algorithms, as they are only shifted to other price zones in order not to be permanently reprogrammed. In principle, one can assume that price movements take place in a deliberately controlled manner when the big player has to intervene. When a big player has collected a certain number of ask or bids, he will defend that position until it is in the profit. In this respect, it can be assumed that price movements will only take place in a controlled manner if they do not meet the goals of the big players. Since we know that we retail traders are not able to move the market and that only twelve big players are 85% dominating the EURUSD, so I can rule out a random price movement for myself. However, this only applies as long as these big big players are in the market to build up positions, to defend them or to bring them to a profit. For this reason, I am only active in the market when these big players act.

I keep my fingers crossed for you and I wish you every success.

Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #442
  • Dec 7, 2021 2:15am Dec 7, 2021 2:15am
Tick Chart + Bionic Candle = Top RRR


Hello dear Bionic Traders,


In today's post I want to show you how you can triple your risk / reward ratio with the help of the bionic candle and the tick chart.

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On Monday, December 6th, 2021 at 0:00 a.m., a strong key candle with a size of 5.1 pip was created and the price went down until 9:00 a.m. With the start of the London Open, the price then slowly rose again.

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The price peaked at around 11:28 a.m., running right into our previously drawn resistance zone. After that, the price moved 14 pip down.

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You could enter the M1Chart in the middle of this resistance zone, but would have only entered the market 0.7 pip later due to the spread. In addition, the stop must been placed above the resistance line. The stop would have reached a size of 4 pip.

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In the 16 tick chart (T16) one would have been able to reduce this resistance zone to 4 pip.

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We are in T 08 here and with this setting we could have reduced the zone to 2.1 pip.

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In T 04 the zone could be reduced to a total of 1 pip.

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At the yellow arrow we see the strongest movement, within the downward movement and thus the resistance zone could have been reduced to 0.5 pip.

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Here we see the price trend at 11:28 a.m. within the T08, the price zone was hit exactly.

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The price zone was also hit in the reduced T02, but it is difficult to say whether you would have got into the market there. Since the price structures in T02 are not always clear, I prefer to work in T 08 or T04.

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In this case, I would have had a stop of 4 pip and a spread of 0.7 pip in the M1. So the risk was 4.7 pip and the profit was 10 pip. This corresponds to a risk / reward ratio of 2.13 within approx. 15 minutes. With T04, the stop would have been 1.5 pip plus a spread of 0.7 pip, resulting in an overall risk of 2.2 pip. As a result, the achievable profit would have been 12.5 pips, which results in a risk / reward ratio of 5.68. Since you would have got into the position better in T04, the pip value per minute would also have improved. The M1 trader would probably have been in the market 3-4 minutes longer than the T04 trader and would have won € 2.13 with a risk of € 1. The T04 Trader not only earned a better pip value per minute, but also earned € 5.68 with a € 1 risk. Both traders trade the same downward movement and yet the T04 trader has a 2.5 times better risk / reward ratio. And that's exactly why you should deal more with the tick charts. I have written some detailed articles about this, which you can find here.

Bionic candle on the tick chart

Different tick charts with the Bionic candle

I wish you a successful trading day


Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #443
  • Dec 7, 2021 3:16am Dec 7, 2021 3:16am
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!
  • #444
  • Dec 7, 2021 7:42am Dec 7, 2021 7:42am
Bionic Candle 6.0

Hello dear Bionic Traders,

Just for information, the Bionic Candle has received an upgrade and is now available. Here is the article on it:

Bionic Candle 6.0

https://www.forexfactory.com/thread/...9#post13812939

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #445
  • Dec 7, 2021 2:15pm Dec 7, 2021 2:15pm
The legendary trader Larry Williams did some research not too long ago on Forex retail traders.
Besides the known fact that the majority lose money consistently, he discovered their losing trades, on average, are much bigger than the winning ones.
To reverse that tendency is key to success, thus the value of Michael´s post on M1 versus tick charts.
All the best.
  • #446
  • Dec 8, 2021 12:40am Dec 8, 2021 12:40am
Probabilities

Quoting cuchuflito
The legendary trader Larry Williams did some research not too long ago on Forex retail traders. Besides the known fact that the majority lose money consistently, he discovered their losing trades, on average, are much bigger than the winning ones. To reverse that tendency is key to success, thus the value of Michael´s post on M1 versus tick charts. All the best.
Hello cuchuflito, in fact, money management is essentially what determines a trader's success. Since successful trading is only a question of probabilities, sooner or later every trader should grapple with these probabilities. For those who would like to take a closer look at money management and probabilities, I recommend the following articles, which I have published on my blog: "The Equilibrium, a key to success". There we also talk about the tick charts.

Increase our hourly dare?
https://www.forexfactory.com/thread/...2#post12478232

How do I optimize my strategy?
https://www.forexfactory.com/thread/...1#post12357981

Probabilities of winning with stop loss
https://www.forexfactory.com/thread/...0#post12741750

I wish you continued success

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #447
  • Dec 8, 2021 2:55am Dec 8, 2021 2:55am
Quoting Bionics
Probabilities {quote} Hello cuchuflito, in fact, money management is essentially what determines a trader's success. Since successful trading is only a question of probabilities, sooner or later every trader should grapple with these probabilities. For those who would like to take a closer look at money management and probabilities, I recommend the following articles, which I have published on my blog: "The Equilibrium, a key to success". There we also talk about the tick charts. Increase our hourly dare? https://www.forexfactory.com/thread/...2#post12478232...
That is excellent work on probabilities and stats. Michael.
Gave me some new ideas. All my last 3 days were profitable day- trading EURUSD and USDJPY. Today's first trade was a winner. I still use my system, but reading all these posts of yours gave me a lot of extremely valuable information. Thanks again.
Your approach reminds me again of Larry Williams, he once made a million out of 10000 in one year. Simple guy, no university studies his father was a carpenter. But Larry works hard on statistics and probabilities.
  • #448
  • Dec 8, 2021 4:11am Dec 8, 2021 4:11am
Quoting cuchuflito
{quote} That is excellent work on probabilities and stats. Michael. Gave me some new ideas. All my last 3 days were profitable day- trading EURUSD and USDJPY. Today's first trade was a winner. I still use my system, but reading all these posts of yours gave me a lot of extremely valuable information. Thanks again. Your approach reminds me again of Larry Williams, he once made a million out of 10000 in one year. Simple guy, no university studies his father was a carpenter. But Larry works hard on statistics and probabilities.

Hello cuchuflito, thats great. This shows once again that when you deal intensively with something, success often comes faster than you expected. Successful trading is a chain of different applications, including good money management.

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In principle, good money management is like a pit stop in Formula 1. A strategic and quick pit stop could often make a decisive difference in a Formula 1 race.

All the best for the future

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #449
  • Dec 8, 2021 8:02am Dec 8, 2021 8:02am
Quoting Bionics
{quote} Hello cuchuflito, thats great. This shows once again that when you deal intensively with something, success often comes faster than you expected. Successful trading is a chain of different applications, including good money management. {image} In principle, good money management is like a pit stop in Formula 1. A strategic and quick pit stop could often make a decisive difference in a Formula 1 race. All the best for the future Greetings Michael
Plus, going by your picture, a bad one can set your profits on fire, lol.
  • #450
  • Dec 8, 2021 8:47am Dec 8, 2021 8:47am
Quoting lemercenaire
{quote} Plus, going by your picture, a bad one can set your profits on fire, lol.
That's exactly what I wanted to express
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #451
  • Dec 9, 2021 3:08am Dec 9, 2021 3:08am
Good morning, I have been watching some Bionics videos on youtube. Awesome stuff!

My take:
-Big Boys pretty much do whatever they want, i.e. systematically extract money from retailers and weaker Big Boys.
-Big Boys Limit Orders are the key.
-Spotting those give us (small boys and girls), the chance to exploit that edge, and piggy bagging with the Big Boys for a profit.
-Stop Runs and key bars are the clue. Stop runs and subsequent Big Boys limit orders usually happen at the obvious retailer "protective stop " areas.

Please Micheal correct me if I am wrong, to my understanding mastering the above could be an effective retailer edge.
  • #452
  • Dec 9, 2021 8:33am Dec 9, 2021 8:33am
Quoting cuchuflito
Good morning, I have been watching some Bionics videos on youtube. Awesome stuff! .
Hello cuchuflito, I agree with you, whoever can see exactly what the big players are collecting already has an advantage. But then you still don't know when, the push up or down will begin. That's why I'm trying to read the algorithms to hit this crucial point. But that is anything but easy and unfortunately not possible without stock market data. But first of all I recommend interpreting the Bionic Candle correctly, so that the most important turning points are identified. With the tickchart, these zones can be made smaller again so that the stop can be significantly reduced. This alone increases the RRR and the probability of winning enormously. If all of this works, we can happily go a step further. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #453
  • Dec 10, 2021 2:22am Dec 10, 2021 2:22am
Quoting Bionics
{quote} Hello cuchuflito, I agree with you, whoever can see exactly what the big players are collecting already has an advantage. But then you still don't know when, the push up or down will begin. That's why I'm trying to read the algorithms to hit this crucial point. But that is anything but easy and unfortunately not possible without stock market data. But first of all I recommend interpreting the Bionic Candle correctly, so that the most important turning points are identified. With the tickchart, these zones can be made smaller again so that...
I havent taken the time to go through the awesome stuff you have shared, even though I promised to do so. And this is because I am currently trading from a tablet. Anything that gives me a headstart is welcome so bionics is quite good. I think adding a sentiment indicator might help to know when things might turn.

So when you see what the big movers are collecting and see when retail and small institutions are skewed to the opposite side like, say 60 to 30 or 70 to 30 percent, you can take the side of the big movers, which is usually the smaller ratio. And this is after proper analysis of resistance and support and liquidity areas.

What do you think?
  • #454
  • Dec 10, 2021 9:24am Dec 10, 2021 9:24am
Quoting Mitiblotch
{quote} I havent taken the time to go through the awesome stuff you have shared, even though I promised to do so. And this is because I am currently trading from a tablet. Anything that gives me a headstart is welcome so bionics is quite good. I think adding a sentiment indicator might help to know when things might turn. So when you see what the big movers are collecting and see when retail and small institutions are skewed to the opposite side like, say 60 to 30 or 70 to 30 percent, you can take the side of the big movers, which is usually the...
Hello Mitiblotch, I understand that well, because it is not easy to trade with a tablet. The quickest information is obtained from the candles, which show a trader exactly what the big players are doing. Personally, I use the stock market data as a kind of mood barometer, as they lead me deep into the interior of the cathedral. In the forex market, currency strength would be an alternative, but the data is often too slow. The advantage of the Bionic candle is that you can go far into the past to draw zones there. You can see the result immediately. If you've been wrong, you just look where the mistake was. This is the quickest way to get to know the Bionic candle. Nevertheless, I recommend you to watch the videos on the first page, because a video is worth more than 10,000 words. I wish you a nice weekend. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #455
  • Dec 10, 2021 9:45am Dec 10, 2021 9:45am
Strategic auxiliary indicators

Hello dear Bionic Traders,

Time flies by, another week is over and Christmas is not far away. Next week we're going to talk about some interesting auxiliary indicators to help you work with the Bionic Candle. In this respect, the next week will also be exciting and I would be happy if you gets closer to your goal. Tomorrow morning at 9:00 am my new video will appear on Youtube, where we will talk about my strategy in the area of algorithms and of course also about the Bionic candle.


https://www.youtube.com/BionicsForexAlgorithmen


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I wish you a great weekend.

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #456
  • Dec 10, 2021 2:34pm Dec 10, 2021 2:34pm
Hi Michael,

Thank you for all your hard work.
I thought you may like the attached to read when you have a spare few minutes.

Regards
lorne

Attached File(s)
File Type: pdf Racecar engineering F1.pdf   9.3 MB | 562 downloads
I would like to die on Mars. Just not on impact..... Elon Musk
  • #457
  • Dec 11, 2021 6:26am Dec 11, 2021 6:26am
My strategy in trading


Hello dear bionic traders,

in today's post I will show you my approach to trading and how I combine the data from the forex market and future market. I coordinate chart technology, technical analysis and fundamental analysis, as well as trading algorithms, so that a clear structure emerges for me. We also take a look at the measures I use to identify the invisible price zones of the big players in advance. All of these factors intermesh in order to achieve a positive market advantage. This makes it possible to place trades in regions where only very few are trading at this point in time.

Inserted Video


I wish you a lot of fun and a quiet weekend

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #458
  • Dec 12, 2021 9:35am Dec 12, 2021 9:35am
Hybrid trader, the future in trading

Hello Bionic Trader,

in today's post I will show you how you can triple your probability of winning with significantly less risk. You will also need significantly less capital in the future and can achieve higher profit rates at the same time. At first sight this sounds too good to be true, but it also requires some changes in trading. And change is exactly the magic word that many traders don't like to hear because it initially brings with it uncertainty. But I promise you some interesting approaches. In the last three years I have combined the Forex market with the Future market and this resulted in the Hybrid Trader, who uses the advantages of both markets and at the same time reduces the disadvantages of the individual markets. We will take a closer look at the advantages and disadvantages in this article.

Inserted Video


I wish you a successful week of trading.

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #459
  • Dec 12, 2021 3:14pm Dec 12, 2021 3:14pm
Hi Michael, thanks again, great video.
The question, (hopefully, not too much to ask), which broker do you use to trade?
  • #460
  • Dec 13, 2021 2:22am Dec 13, 2021 2:22am
Quoting cuchuflito
Hi Michael, thanks again, great video. The question, (hopefully, not too much to ask), which broker do you use to trade?
Hello cuchuflito,

thank you very much for your kind words. First of all, I am registered as a professional trader who can trade well over 1:30 in Germany with leverage. Therefore I have some perks that are not available to most traders as there are only 3% professional traders in Germany. So my recommendation, unfortunately, would not be applicable to most traders. In addition, here at Forex Factory I would like to hold back with advertising for brokers. In my video you will find a lot of tips to find the best broker for you.

Inserted Video


I hope that I can help you a little

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
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