DislikedMichael, 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...Ignored
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!
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