Bionic Chart - The easiest forex navigation

Hello rhinohorn, I think you hit the zones quite well, but there was also a zone above them. The reason why the price kept going up was to get all the short traders out first. After that the price dropped. If you know how the big players work, the zones are even easier to draw. Greetings Michael

Is there a document/file you can recommend for me to read and learn about how the big players work? my knowledge is still limited there. Thanks Bionics

Hello rhinohorn, unfortunately there is no such thing, since every market has special requirements and different big players are active there. A very large bank from Germany, for example, specializes in the EURUSD and GBPUSD. Some banks get 60% of their total profits from the Forex market, checking accounts are no longer worthwhile. It took me more than 10 years to understand exactly what they are doing there. Watch my videos, which I make available for free, observe the market and learn from your mistakes. Work with the Bionic candle and focus on the big players. Trade 0.01 lots with real money only until you break even. I know this doesn't sound easy and it isn't. Because the Forex is the most demanding market in the world. In contrast, the future market is a children's birthday party, because no really big player would trade there. But when you break even, you really are among the best traders in the world.

By the way, you can find some of the best traders in the world in my buddy list.

All the best for the future. Greetings Michael

Currency strength in forex

Hello dear traders,


Today's post is about currency strength, an advantage that you only get in the foreign exchange or forex market but not in the futures market. We look at the individual effects and whether you can use this information to increase your probability of winning. We also compare paid currency meters with free currency meters, the result will surprise you. With the right approach, by the end of my post you will be able to immediately identify the strength of 28 different currency pairs. You will of course get the appropriate tools from me. In addition, I cordially invite you to take part in our new project.

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I wish you a nice day.

Greetings Michael

Important message
for everyone who wants to work with my templates in the field of currency strength

Hello dear traders,

The Currency Strength Indicator (MADash), developed by honestknave, has been time locked for security reasons. Every year he became unlocked for free for all members. You should download the latest version here.

https://www.forexfactory.com/thread/...3#post13330853

Please exchange this (MADash) for the old MADash in my templates, then everything will work.

I wish you a nice day, greetings Michael

Trader rip off

Hello dear bionic traders,

in today's post we look at how we retail traders are being ripped off by different institutions and companies. Of course we are in a free market economy, but that is by no means a license to use unfair methods to get traders' money. Money is exchanged very quickly on the stock exchange and it is therefore clear that this attracts many rip-offs. I don't want to give the impression that everyone on the stock market is a rip-off. Of course, the majority of companies are fair and honest, otherwise nobody would probably speculate on the stock market anymore. However, more than 88% of traders lose their money in the long term and it has nothing to do with a lack of perception or reduced intelligence. The solution is just a clever combination of different factors that we're going to talk about today.

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I wish you a nice Weekend

Greetings Michael

Hello Bionics, Thank you for the wonderful thread and the videos. The system seems pretty powerful. I just started going through and trying to manually identify the consolidation areas and the bionic candle (zone )

Does the following look accurate for BTCUSD? Appreciate your comments.

I am using split positions to trade in the zone as i do not have the expertise to accurately identify the bionic candle yet.

Hello Smmtrader, first of all, welcome to our blog. In fact, the Bionic candle has some advantages, it works best in markets with high liquidity. Unfortunately, this is not the case in Bitcoin, as there are no big players there. Therefore, the informative value of the bionic candle is not as precise there as in EURUSD, for example. In my opinion, the key candle should be in the 30,100-29,900 price range, but I can't make a clear statement on this because I'm not familiar with this asset. I wish you a great weekend, best regards Michael

Thank you so much, Bionics. Wish you a wonderful weekend.

Would you kindly comment on XAUUSD? The Blue extended zone represents the bionic candle on M15 - i think.



On M5 (drilling down further), i see the following - this is probably more accurate and represents a lower risk trade if it happens

TradingView

Hello Smmtrader,



with the display on Tradingviev, you will not get any further in the long term, since the bionic candle does not exist there. Unfortunately, if you want to work with the Bionic candle, this is only possible on the MT4. Through a special programming, information is conveyed within the candle in order to identify the crucial zones. You need this, otherwise it won't work.

I wish you a nice weekend

Greetings Michael

Revision of the Bionic Templates


Hello dear bionic traders,

the bionic templates on the first page have been completely revised and now also give you a deeper insight into the market.

https://www.forexfactory.com/thread/...rex-navigation



I hope this information will help you and I wish you the best of luck.

Best regards, Michael

Real returns in trading

Hello dear bionic traders,

A question that occupies every trader is: How much return can you generate with trading and how much money do you need to be able to live on it? We will deal with exactly this topic today and look at different models. We will look at the returns of the most successful institutional traders as they are more comparable to a retailer than a big player. Of course, we will of course also critically examine and question some statements from different trading coaches. All in all, an exciting topic that we can look forward to.

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I wish you a nice Weekend

Greetings Michael

Trading Life Balance

Hello dear bionic traders,

in today's post we talk about Trading Life Balance. I have summarized some aspects for you that are very interesting. Trading Life Balance means achieving moderate monthly performance with the least amount of stress, risk and effort. At first glance this seems harder than it really is. There are a few basic requirements that we look at in this video.

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I wish you a nice Weekend

Greetings Michael

New FF indicator scam
100 FF programmers are probably affected



Hello dear traders,

Forex Factory is the world's largest platform for retail traders and ranks 7,000th of all websites. This means that many people come to this website every day and use the free information that is primarily provided by the Impact Members. The demand for MT4 indicators is particularly popular with FF because it can save a trader a lot of time and money. On FF there are the best MT4 programmers in the world who have been making their indicators available to everyone for free for many years. On the open market, such indicators sometimes charge a few hundred dollars, although these indicators do not work as well as the indicators that you can download for free from FF. Very creative traders program helpful indicators every day and thus enrich many 1000 traders.

Unfortunately there are people who don't make money trading and aren't creative to program indicators or EA's. They use the creative ideas of the FF programmers, steal their indicators and get rich from them. But now a new case has come to light where more than 100 FF programmers are probably affected because their free indicators are being sold by a scammer for a lot of money. I have published an article on this in the thread: "Scammers - Hall of Shame", which you can read here.

https://www.forexfactory.com/thread/...1#post14021391

PS: Duped scammers scold the loudest.

I wish you a nice day

Greetings Michael

Better well chewed than badly invented



Hello dear traders,

I've been with Forex Factory for more than 4 years now and am proud to be part of a large and innovative community. The reason I joined FF after 7 years full time trading was the exceptional contributions of Hanover and many of his colleagues who are still active today. I was impressed that these people were willing to invest a lot of time to share their knowledge, so that beginners and advanced users in particular could benefit from it. Davit, Ata-Turkoglu, hanover, gatorinla, emmanuel7788, traderathome or FerruFX they all unselfishly support many thousands of traders every day and invest the most valuable thing they have: their time. It doesn't matter which strategy or approach you work with, what matters is that you convey your creative ideas to others and help them with it. These 7 largest high impact members have been with Forex Factory for an average of 13 years and are not a role model for many thousands of traders for nothing. Of course, this also applies to many other high impact members that I could now list here. All of these traders and programmers have one thing in common: getting better every day. And they can only do that with their passion and creativity. The forexmarket is developing incredibly fast, which requires creativity. Few people possess this creativity, however, and some copycats are now trying to use the creativity of others to their advantage.

Today I would like to show you another candidate, this time as a copycat, trying to bring his bad products to the unsuspecting trader with my name. Copycats are so-called startups that imitate already successful business models and thus suggest that they are more successful than they actually are. Basically, there is nothing wrong with someone using the name Bionic, because I didn't invent the term either. However, these are three terms: Bionic Forex Algorithms which are only used by the copycat to pretend seriousness and thus market its catastrophic products.

I haven't registered a trade myself, because you don't need that as a forex trader in Germany. This is only necessary if you sell indicators, trading products or trading seminars, for example. Like other High Impact Members, I make my creative ideas and developments available to all traders at Forex Factory free of charge. If a copycat now appears under my name just to enrich itself financially with junk products, then I have a moral problem with it. For this reason, I would like to make this procedure of the copycat public, so that beginners in particular do not fall for such scammers. I have published an article on this in the thread: "Scammers - Hall of Shame", which you can read here.

https://www.forexfactory.com/thread/...5#post14024215


PS: Man has three ways of acting wisely: by thinking is the noblest, by imitation is the simplest, by experience is the most bitter.

I wish you a nice day

Greetings Michael

PC tips in trading

Hello dear bionic traders,

in the last few weeks, many of you have asked me again and again about the optimal components in trading and what exactly is important in the field of technology. In today's post, I'm going to give you some tips and tricks that will save you a lot of time and money in the future. The right approach is crucial in order to put together the right equipment and find the best price-performance ratio. We've already talked about this topic a few times, but today we're going to go into the technology a little more intensively and look at what exactly is important.

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I wish you a nice Weekend

Greetings Michael

Yield triangle EURUSD


Hello dear traders,


The yield triangle for the Dax or the S&P has existed for many years, but not for the EURUSD so far. This was probably also due to the fact that the EURUSD is a typical sideways market.



The average monthly return short was -2.19% and the average monthly return long was 2.26%.



On the year side things were a bit different as EURUSD has risen slightly more than fallen over a 50 year period.



At the weekend I created a yield triangle in the EURUSD for you. The returns are approximate values, as there are different types of offsetting for interest, not all of which can be recorded here. The right side is buying at the beginning of the year and the bottom side is selling at the end of the year. You can find an example on the slide. Of course, I have also created the Yield Triangle as a PDF for download. I hope that the information will help you.

Continued success.

Greetings Michael

Morning Michael,

Thank you for this interesting thread. I am working on a longer term 'ranging' strategy (1 year +). From your observations which currency pairs have you found to range the most over a 1-3 year timespan? According to your latest post the EURUSD appears to be a strong candidate.

I would appreciate any comments you may have.

Regards,

Kevin.

Volatility in the market

Hello Kevin,

the volatility (range of fluctuation) of a currency depends on the respective market orders and limit orders in the market. The more big players there are in the market, the less volatile a currency is. EURUSD is not that volatile as this is where most of the big players control the market. An Apple share or Bitcoin are much more volatile because there are no big players to be found there. The more volatile a currency pair, the more dangerous it is to trade. Of course, at the same time there is also the chance to win faster, but we must not forget that 88% of all participants lose. The EURUSD, from a volatility perspective, is actually very boring, but in the EURUSD I can see exactly what the big players are collecting and with the help of the algorithms I am able to predict their next move. That's why I only work in this "boring" currency pair.

All the best for the future.

Greetings Michael

Big players in the equity, currency and futures markets


Hello dear traders,


in today's post we talk about the biggest big players in the stocks forex and futures market. We look at the corresponding sales of the various assets and compare them with one another. Where are the biggest big players and why are they not so easy to identify in certain markets? Why is there a higher probability of winning in one market than in the other and how can you reduce your liability risk? Why do some big players avoid certain markets? These are just a few of the questions we are dealing with today.

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I wish you a nice week.

Greetings Michael