Bionic Chart - The easiest forex navigation | Page 26 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Easy chart navigation and EA overview (req) 0 replies

Jump to date with navigation window issue 2 replies

Simplest and easiest trading strategy 11 replies

Why does GBPUSD enjoy the biggest/easiest price moves? 7 replies

Attachments: Bionic Chart - The easiest forex navigation
Exit Attachments

Bionic Chart - The easiest forex navigation

  • #501
  • Jan 1, 2022 7:33am Jan 1, 2022 7:33am
Your way to become a profitable trader


Hello dear traders,

First of all, welcome to the new year 2022. I hope you have made good resolutions for the new year and I wish you from the bottom of my heart that you will achieve them. Today's post is about the path to becoming a profitable trader, but that is anything but easy, as you will quickly see. In the last 15 months I have published 56 videos on the subject of profitability. In principle, successful trading consists of many individual pieces of the puzzle that a trader has to put together individually based on his or her skills. There are so many things to consider, that we could spend many months dealing with them in detail. The fact alone that over 90% of all traders lose in the long term shows how demanding this profession is. It is not enough to hope for a fair chance with a laptop and a moving average. But with the necessary background knowledge and a strategic probability, the breakeven point is within reach. And that's exactly what we're going to look at today.

PS: The next English video „Live Trading“ will appear tomorrow!

Inserted Video


I hope you enjoy watching it

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #502
  • Jan 2, 2022 9:03am Jan 2, 2022 9:03am
Hi Michael, and members,

First post is to thank you for all the great work! Best of the best for you and yours in 2022!

I have been using bionics candles 5.1 in lieu of the traditional candlesticks. Much cleaner, and more elegant in my opinion. I'm sure version 6.x is great if you know how to read dojis; for me, they have not proved useful, so I'll stick with 5.1.
I use it on M5, and across all instruments. Nothing fancy, simple supp and res with set risk, no other indicator than a basic adr. For me, all the info is contained in the candles behaviour. I wouldn't know how to explain it. It's all visually there. Plus, I'm old and slow, so keeping focused on the charts is hard enough

Btw, I'm amazed by your work ethics, and outlook in general. Hope you get rewarded many times over!
  • #503
  • Jan 2, 2022 12:19pm Jan 2, 2022 12:19pm
Live trades, 2 trades in 3 minutes


Hello dear traders,

In the last few months we have launched a new project that deals with the strengths of the bionic candle. In today's post I will show you two specific live trades and how they were calculated beforehand with my self-developed Bionic candle. Then we will evaluate the two trades exactly and even grade them. Actually, we have a wrong world in the markets. The beginner usually starts in the forex market and when he has become a professional he usually switches to the futures market. Due to the lack of stock market data, but the Forex market is much more challenging to trade than the futures market. That means it should normally be the other way around. A beginner should actually start in the future market and as soon as he has become a professional, switch to the forex market.


Inserted Video


I wish you a successful new year of trading

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #504
  • Jan 3, 2022 5:51am Jan 3, 2022 5:51am
You're never too old to be successful!

Quoting deukae
Hi Michael, and members, First post is to thank you for all the great work! Best of the best for you and yours in 2022!

Hello deukae,

First of all, welcome to our blog and thank you for your congratulations. The Bionic candle 6.1 can show the same representations as the Bionic candle 5.1. It just has a few options more. But I am pleased that you can trade successfully with it and that you have a better overview with the Bionic candle. Success in life consists of experience and power.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 249 KB

At 20 you have a lot of power but little experience. At 40, the relationship is balanced. At 60 you have little power, but you gain through experience. No matter how old you are, you always have the same opportunities. I also think of a funny story. Two bulls (father & son) are standing on a mountain and there are many cows in the valley. Then the son taurus says to the father: "Papa, Papa come on, let's run down very quickly and bump a cow. Then the father says to the son: " No, my boy, we are going down there very slowly and bump them all. "It doesn't matter how old you are, you just have to use your given strengths to achieve the goal.

I wish you continued success and nice that you are here.

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #505
  • Jan 5, 2022 7:43am Jan 5, 2022 7:43am
Michael,
If you mean "bump" in the biblical sense, then I'm afraid I will need lots of blue pills for that... And I agree, experience is nice. Except with things like arthritis, or colonoscopy....
  • #506
  • Jan 6, 2022 7:29am Jan 6, 2022 7:29am
Hello, I have been observing price action and trying to find the key candles for some time now. In my opinion they work very well. I usually use M15 tf to identify key candles and if they are too big, I finetune them in M1. Pls see the screenshot. Blue levels are made off M15 candles, the violet one was refined in M1.
Thank you, Bionics, for everything u do for us!
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 48 KB
  • #507
  • Jan 7, 2022 11:45am Jan 7, 2022 11:45am
Quoting George.
Hello, I have been observing price action and trying to find the key candles for some time now. In my opinion they work very well. I usually use M15 tf to identify key candles and if they are too big, I finetune them in M1. Pls see the screenshot. Blue levels are made off M15 candles, the violet one was refined in M1. Thank you, Bionics, for everything u do for us! {image}
Hello George, thank you very much for your kind words and a warm welcome to us. I am happy if the Bionic candle helps you in the trade. A little tip: if you make your zones darker, you have a better overview. All the best for the future. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #508
  • Jan 8, 2022 2:39am Jan 8, 2022 2:39am
Strategic money management


Hello dear traders,

As we all know, success in trading can be influenced with the help of probabilities. In order to use the efficiency of the probabilities optimally, a trader needs the corresponding numbers. As a Formula 1 driver, it is no longer enough just to know his lap times, the telemetry data that shows the driver exactly where he made mistakes is crucial. The money management data for the trader are comparable to the telemetry data in Formula 1. Interestingly, money management is still receiving far too little attention in trading, which may explain the still high loss rates in the retail sector. Let's take a closer look at how to limit these losses.

Inserted Video


I wish you a nice Weekend

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #509
  • Jan 8, 2022 1:21pm Jan 8, 2022 1:21pm
Hi everybody
Just practiced drawing the key candle on the weekend.
Playing around, starting with the 1W and drawing the boxes. Simply awesome how the D1 reacts to those boxes, weeks later, even months.
In my understanding, master those key candles, with good money management, and there is no way a trader could avoid being profitable.
But it takes practice, practice, practice.
Thanks again, Michael.
  • #510
  • Jan 8, 2022 1:25pm Jan 8, 2022 1:25pm
Quoting deukae
Michael, If you mean "bump" in the biblical sense, then I'm afraid I will need lots of blue pills for that... And I agree, experience is nice. Except with things like arthritis, or colonoscopy....

Hello deukae, health is and will remain our valuable asset. Not like the passionate smoker who always reads about the dangers of smoking for health and therefore stops reading. If you don't do something for your health every day, you will one day have to sacrifice a lot of time for illness. I keep my fingers crossed that you stay healthy. Warm greetings
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #511
  • Jan 8, 2022 3:15pm Jan 8, 2022 3:15pm
Quoting Bionics
{quote} Hello deukae, health is and will remain our valuable asset. Not like the passionate smoker who always reads about the dangers of smoking for health and therefore stops reading. If you don't do something for your health every day, you will one day have to sacrifice a lot of time for illness. I keep my fingers crossed that you stay healthy. Warm greetings
Cheers, Michael! Best of health to you and yours as well!

Six decades young, and I'm still pedaling on. Forex can wear one down, 'cause let's face it ,retail traders are little nemos in shark infested waters lol. Thank Neptune we have you and your ingenuity coming to our rescue!
  • #512
  • Jan 9, 2022 3:07am Jan 9, 2022 3:07am
Quoting cuchuflito
Hi everybody Just practiced drawing the key candle on the weekend. Playing around, starting with the 1W and drawing the boxes. Simply awesome how the D1 reacts to those boxes, weeks later, even months. In my understanding, master those key candles, with good money management, and there is no way a trader could avoid being profitable. But it takes practice, practice, practice. Thanks again, Michael.
Hello cuchuflito, working with the Bionic candle to generate zones is very time-consuming, at the beginning and requires some patience. But once you have internalized the procedure, you can identify almost all turning points. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #513
  • Jan 9, 2022 7:15am Jan 9, 2022 7:15am
Important trading knowledge for beginners


Hello dear traders,

We all know the sentence, if I could start all over again, what would I do differently? With this in mind, we consider today what things are important in trading, whether a trading coach is an alternative and what you should pay attention to.

Inserted Video


I wish you a nice Weekend

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #514
  • Jan 12, 2022 3:32am Jan 12, 2022 3:32am
Quoting T2W
And here are the refined zones on the Timeframe M5 for the entrys, my way to see the charts. Michael will surely comment it. {image}
Hi T2W

thanks for your response.

We do agree with your idea.

We posted some pics, to ascertain, whatever zones you draws from where it resists/supports, same can be observed in murrey math. There are certain zones from where it pullback or breaks. Its just for some explanation. (explained in pics with SNR, Murrey math )

The zones we suppose to mark, might be Order Blocks, Murrey math marks.

of course, We will be looking into more of bionic candle !
Regards/@liens
  • #515
  • Jan 12, 2022 3:53am Jan 12, 2022 3:53am
Quoting Bionics
{quote} Hello AnAliens, first of all a happy new year and welcome to our thread. The bionic candle is the fastest indicator in the forex market because it shows the price directly. We do not use any other indicators because as they are usually slower than the price. The Bionic candle is therefore a strategy that works on its own in combination with the knowledge of how the big players proceed. If you combine certain indicators with the bionic candle, it's like trying to install a BMW engine in a Mercedes. That is why we concentrate exclusively on...
Hi Michael
Thanks for your feedback !

We do agree with your suggestions. Just we would like to say, all of so called resistant/support zones are supposed to work around murrey math method, or FIBO or Order block which we observed for long. (explained in pics) We do not use any support/resistant indicator.

We will study more about bionic candle based on the VDOs you explained.

Thanks !
Regards/@liens
  • #516
  • Jan 12, 2022 7:56am Jan 12, 2022 7:56am
Institutional key zones

Quoting AnAliens
{quote} Hi Michael Thanks for your feedback ! We do agree with your suggestions. Just we would like to say, all of so called resistant/support zones are supposed to work around murrey math method, or FIBO or Order block which we observed for long. (explained in pics) We do not use any support/resistant indicator. We will study more about bionic candle based on the VDOs you explained. Thanks ! Regards/@liens
Hello @liens, I'm pleased. In principle, our zones are institutional key zones that are only ever shifted to different price levels due to the big player algorithms. These can be identified more easily with the Bionic Candle. Kind regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #517
  • Jan 12, 2022 9:47am Jan 12, 2022 9:47am
Forex versus Future


Hello dear Bionic Traders,

today I would like to show you a comparison of the Bionic candle in the forex and future market.

Attached Image (click to enlarge)
Click to Enlarge Name: Forex Future.png Size: 154 KB

On the left side we see the Bionic candle in the Forex market of the EURUSD M1 and on the right side the Euro FX 6 E from the future market. The structure of the Bionic candle is the same, and there are hardly any deviations in the price trend. However, we can see significant deviations in the color of the Bionic candle. The reason for this lies in the significantly higher course of movement within the forex market. Both markets have five decimal places, but while the Forex market requires 10 ticks for a pip, there are only two ticks in the future market in the same sequence of movements. Although the forex market EURUSD performs five times more ticks than the Euro FX in the futures market, the EURUSD still moves 7-10 times more. This also creates a much finer resolution within the bionic candle, which provides us traders in the forex market with significantly more information. This allows the key candles to be identify much better and more precisely. Of course, we get significantly more data in the future market due to the diverse volume of information, but we have a clear advantage here, at least in the area of the bionic candle. In addition, we can still work with the strength of the currency that does not exist in the futures market.

I wish you continued success in trading,

best regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #518
  • Jan 12, 2022 10:55am Jan 12, 2022 10:55am
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!
  • #519
  • Jan 15, 2022 2:55am Jan 15, 2022 2:55am
Trading Psychology- Emotions in Trading



Hello dear subscribers,

Today's post is about why so many traders lose. One reason for this lies in our emotions, which are not sufficiently trained and educated when it comes to trading. These emotions are not only responsible for our losses, but also for our gains. The biggest problem is that most traders are unaware of these emotions. How can you change something if you don't even know that you have to change something. In today's video we will deal with the measures you can take to get these emotions under control in the long term. It's not that easy, but it's still possible with a few little tricks.


Inserted Video


I wish you a peaceful weekend and continued success in trading.

Best regards, Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #520
  • Jan 16, 2022 3:13am Jan 16, 2022 3:13am
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!
1 trader viewing now