Bionic Chart - The easiest forex navigation

Current bionic chart


Hello dear bionic traders,

Here you can see an H1 chart in Euro US Dollar from the end of April until today. In early May, the price moved higher and we start from the key candle (Point A)



Point A
This key candle was supported by the short traders who, in the underlying equilibrium, thought price was about to turn back.

Point B
After the price went up more strongly and came back, it was rejected in zone A for the first time.

Point C
The price ran into Zone A for the second time and made a new low to pull the long traders out. Here the price was rejected for the second time in the zone and ran back up.

Point D
This time, price ran almost to the end of the zone, but was only rejected up a short distance. The price then broke the yellow line, which was the bottom of Zone A. Pay attention to which candle breaks through the yellow zone first.

Point E
Exactly this candle now represents the new zone E.

Point F
Again we see a strong key candle where I have marked the lower area with a yellow line.

Point G
On the retrace, price entered zone F and was rebuffed sharply to the upside.

Point H
Here you can again see which candle breaks through the yellow line of Zone F. This created a new zone H.

Point I
Initially, the price went down more sharply and formed a larger equilibrium. As the price entered the H zone, it was repelled more sharply to the downside, as expected.

Point J
I calculated this zone J from the last low of zone K. This zone was reached when the Fed announced its rate hike.

Point L
The price was now running sharply higher and when it entered Zone E it was rebuffed sharply down as expected.

Point M
There is also a stronger zone here, which, however, will be breached downwards in the long term due to the situation.

I wish you a nice weekend

Best regards Michael

Scam Bionic Forex Trading

Hello dear bionic traders,

in today's post, we're going to look at some fakers and scammers, how they go about getting the money out of your pocket, and what you can do specifically to protect yourself against it. It's about unprofessional hackers, sellers of useless EAS, and desperate trading coaches. In this context, my bionic candle, which I developed years ago, also plays a decisive role. So it will be exciting and very interesting again.

Inserted Video

I wish you a nice Weekend

Greetings Michael

Hallo Herr Michael.
Herzlichen Tang das sie mich als neuen Mitglied in eure einmalige wellt übernommen haben.
Es kommt mir vor als ob in eine Gebäude eingeladen bin, der aber riesige stufen hat.
Um diese Hürde zu überwinden, bringe ich drei Eigenschaften mit.
Durchhaltevermögen, Große willen neues zu erlernen, Und als Rentner viel zeit.
Momentan handle ich bei der XTB Plattform, onhe Erfolg.
Da ich aber mir vorgenommen habe diesen beruf richtig zu erlernen, trete ich in der FOREX Factory.
Es wehre sehr hilf reich für mich wen du mir ein Leitfaden bereitest welche schritte ich genau befolgen soll um Ortung gemäß anzufangen.
Das Video über Den richtigen Computer und alles was dazu gehört ist sehr sehr hilfreich.
Ein buch vielleicht, oder ein Video für einen pur Neuling.
Ich hoffe das auch für mich ein platz in eure Forex Factory gibt.
Grüße
Tournas Christos

Function of the bionic candle

Hello dear bionic traders,

Here are some charts to show you how well the Bionic Candle works.


On Friday, June 17th, 2022, I posted my outlook for the next few hours.


As suspected, the price went up again exactly in this zone.


Here you can see my view from this morning at 8:00 a.m. that I created for myself.


The price has even entered this zone twice and has always been rejected downwards.


Now I have reduced the zone in the M5 for you. This makes it much easier to see the double rejection downwards. Of course, even I don't always succeed in drawing all zones correctly. But as we all know, practice makes perfect.

I wish you a successful trading day

Best regards, Michael

Hallo Christos,

das hier ist der englischsprachige Thread der Bionic Kerze, wenn du auf den Link klickst, kommst du zum deutschsprachigen Thread.

https://www.forexfactory.com/thread/...ex-algorithmen

Dort findest du alle weiteren Informationen und 8 Videos.

Liebe Grüße Michael

Hallo, ich habe gestern versucht die Kerze in meinen Metatrader einzufügen, ich habe ebenso auch das Template was in den Ordnern ist verwendet. Leider kommt dann nur ein schwarzes Chartbild mit lediglich einem roten Strich. Ich habe die Indikatoren in den Meta Trader eingefügt, aber irgendwie klappt das nicht so ganz.

Hier sieht man wie es aussieht. Komisch das ich da nichts sehen kann.

Danke schonmal und viele Grüße

Markus

Hallo Markus,

der rote und grüne Strich ist die Best Ask und Best Bid Preislinie. Schau mal ob alle Indikatoren enthalten sind und gehe dort in die Einstellungen. Kontrolliere die Farben der Bionic Kerze und die Kerzenstärke. Wenn das nicht klappt lösche die Indikatoren auf dem Chart und füge sie einzeln ein. Dann müsste es eigentlich klappen.

Das hier übrigens ist der englischsprachige Thread der Bionic Kerze, wenn du auf den Link klickst, kommst du zum deutschsprachigen Thread.

https://www.forexfactory.com/thread/...ex-algorithmen

Liebe Grüße Michael

Ups, dann wechsle ich mal in den deutschen rüber

Danke dir, dann schau ich mal ob das so klappt wie du beschrieben hast.

Vielen Dank

Reasons for Algorithm Profiling

Hello dear bionic traders,

In today's post we talk about why it is important to perform algorithm profiling. We use an example to analyze the average sequence of a big player collection up to and including the exit. I will also show you the clear advantages of algorithm profiling and why this is the future. Most traders dream of the holy grail, but when it comes to algorithms, we are getting very close to that holy grail. We know:,on the stock exchange there is only compensation for pain and suffering - first comes the pain, then the money! But for this you need an approach that is only used by a few market participants. This increases the probability of winning and gives us an enormous market advantage. In addition, I cordially invite you to take part in our new project.

Inserted Video

I wish you a nice week

Greetings Michael

Scalp traders, day traders or swing traders

Hello dear traders,

In today's video we look at which strategy we have the greatest success with in the long term. Nevertheless, we must be aware that whether we are trading as a scalper, day trader or swing trader, our chance of being able to make a living from trading is just 2.5%. This is anything but a realistic chance. We have to look all the more closely to find out which strategy is best for us. Of course, I can only rely on my own experience, which of course is not representative and can apply to everyone. So it will be exciting and very interesting again.



I wish you a nice weekend.

Greetings Michael

I read your Thread a lot, but sometime I confuse about how to find a True key candle. Below is a Key candle that I found, please help me fix it.

Hello nguyencudu92, first of all welcome to our blog. On the first page of this blog I have produced 8 video in depth videos about the key candle that will definitely help you. The problem is often the language when you translate the English videos into your native language. Finding the key candle is far from easy, if it were that easy everyone would work with the Bionic candle and make a lot of money. You need a lot of time and training for this. My recommendation: Go backwards on your chart and plot your key candle. Then see if you got it right. This creates experience that you will later need in retail. I wish you much success. Greetings Michael

New strategies from the big players

Hello dear traders,

As promised in my last video, today the focus is on the approaches of the big players in the market. First of all, I would like to emphasize that I am only referring to the big players in the EURUSD currency market, as they are demonstrably the largest in the market. In recent years, many experiments have been carried out in EURUSD, with the result that the largest big players have partially completely changed or adapted their future strategies. We will look at some examples of this.



I wish you a nice week.

Greetings Michael

Important information about the bionic candle



Hello dear bionic traders,

On the first page of this blog I described the benefits of the Bionic candle in great detail and also produced eight videos.

There are a lot of hurdles to overcome at first, as some of you may not have worked with the MT4 before. There are numerous videos on YouTube on the subject that will help you with the setup.

First of all, it is important to watch the eight videos about the Bionic candle. Many members even think that these videos should be watched a few times. For some it was also helpful to reproduce the zones I created in the video in their own chart. But there is a small problem here, because every broker has partly different prices and this of course also changes the representation of the bionic candle. But that's not a problem, you can still find the key candle.

The Bionic candle was primarily developed for the EURUSD, where it works best. Of course, you can also use them in the major currency pairs, it is important that there is high liquidity. The higher the liquidity in a market, the better information the Bionic candle provides. Of course it also works in the DAX or S&P, but I recommend you to start with EURUSD.

In addition to the bionic candle, you will find other auxiliary indicators and corresponding templates on the first page. These many auxiliary indicators could confuse you at first rather than help you. Therefore my recommendation, start with the bionic candle. Once you have these installed on your chart, start in H1 or M15. Now go far back in time, begin to identify the key candles and then draw the corresponding zones with two lines each. When you're done, scroll into the future and see if your assumption was correct. If you're wrong, draw a zone in the last low or high and go back in time. Then you can find the key candle and learn where your mistake was. At the beginning I would only analyze the larger trend reversals. You can often find interesting key candles after a major equilibrium. Another little tip, if you work with colored zones, it is best to use a dark blue color, as this is the least distracting.

Begin to analyze the candle strength, from which future price changes can often be determined. You can find this information in my videos.

Please keep in mind that the Bionic Candle is not a moving average that tells you exactly when to trade. Nevertheless, the Bionic candle is a good tool to improve the future probability of winning. But you have to train and stay on the ball for that. In principle, it's like playing tennis, it's not just about making a few serves, you have to be on the court regularly.

Now I wish you a lot of fun training and don't let it get you down.

Best regards, Michael

The key candle

Hello dear bionic traders,

In the last few days, a clear key candle could be identified again and again in EURUSD. Below you can see the chart in the M15.



Point A
Here the price was strongly rejected upwards

Point B
A strong key candle broke this zone to the downside.

Point C
A new rejected zone was created within an equilibrium.

Point D
Again, a strong key candle broke through this zone.

Point E
First, the price ran into Zone D twice and was rejected down twice.

Point F
When price entered zone B, it was also rejected down. At first a small equilibrium developed.

Point G
The price was pushed up again and failed in zone B.

Point H
This zone was also brought into being by a strong key candle.

Point I
The price entered Zone I twice and was rebuffed sharply on each occasion.

Point J
Out of the strong Zone I, a new key candle emerged at Point J. The price now turned down more and there was a fake breakout. The price was pushed up by the stops of the short traders, with the big players being able to buy the dollar again.

Point K
Price ran into Zone J and was rebuffed sharply down again.

Point L
The key candle broke the equilibrium and the price went down a bit.

Point M
The price slowly went up again while the big players continued to collect bids. As the price entered the L zone, it was now pushed down more sharply. Now the big players bring their collected dollars into profit.

I wish you a successful day

Greetings Michael

New Algorithms Profiling


Hello dear traders,


Anyone looking at my monitors will automatically ask themselves whether all this is necessary. The effort would be unnecessary from the point of view of “trading with indicators”, but not from the point of view of “algorithm profiling”. In principle, a graphic representation can always be described as an indicator, but there is a distinction between “cause and effect indicators”. Effect indicators are usually calculated from price, while cause indicators are generated from stock market data only. 90% of my representations arise from the cause, which I mainly extract from the data from the DoM or T&S list. This extracted data is then filtered in a very complex way in order to make the decisive algorithms of the big players visible. If you watch my screens over time, you will see that they change regularly. That's because I find filter settings that get me deeper and deeper into the eye of the tornado. I also made an interesting video about it, which you can find here.



The time was ripe again to adapt my IT components to the new technology on the market. Exactly two years ago I installed a 75 inch 4K monitor that I was very happy with. Nevertheless, after only two years, it has already achieved an operating time of 9,000 hours. The LEDs last up to 60,000 hours, but unfortunately other components do not. Although the monitor still has a two-year full guarantee, I have now decided on an 85 inch 4K monitor in order to be able to display my charts in algorithms trading even better.



Although the 4K monitor has an area of almost 2 m², it is very cheap with 200 watts of power consumption. In total, my trading workstation needs 6 KWh per day, so the electricity costs are €1.50 per day. The monitor's response time of 5ms is sufficient for algorithms trading and has very good black levels.



There are a total of 90 different charts on my main screen. With the four outdoor monitors, I get 100 charts open at the same time, and all of that for just one currency pair. So that there are no complications here, I have also completely renewed my workstation.



Since I don't have to access the CPU as much with my trading software, an AMD Ryzen 9 5900X was enough. Crossair water cooling has proven itself in the past and keeps the CPU at a maximum temperature of 59 degrees. The Geforce RTX 3070 TI is precisely adapted to the system and there are no problems, even with extreme breakouts. Overall, the workstation is very quiet, which I find very pleasant.



I ran two benchmark tests with the new workstation, with very satisfactory results. The workstation achieves a score of 8040 points in PCMark10 and a maximum of 212% in UserBenchmark. There you can also test your workstation or laptop for free.



Overall, the system now runs much faster, quieter and the overview is clearer. So the effort was worth it. It would still be worth considering whether to install a 50 inch 4K screen on the right and left. However, I am currently still satisfied with the 4 outdoor monitors.



What was definitely worth it is the 1000 Mbit/s fiber optic line from a large telecommunications provider in Germany. I don't want to advertise, but the fact is that they simply have the fastest ping times for retailers in Germany. Unfortunately, they are also the most expensive.



Algorithm training is very demanding and therefore requires the appropriate technology. I have many friends who are in the futures market and have big problems when they have more than ten charts open. For this reason, I have adjusted my entire system to my stock exchange software. The first trading results are also very promising, which motivates me a lot. I hope that the big players in the field of algorithms will not develop so quickly so that I can work with my new technology in peace. But that's probably just a nice dream.

I wish you a successful trading week

Best regards, Michael

I have an ask regarding zone J, How does it qualify as a key candle? does it mean that every time we have a candle move out of a strong zone, it becomes a key candle? that candle always confuses me

Hello rhinohorn, in principle, this was initially a strong upward movement which, after entering zone I, was rejected immediately. After that the price went down. In this respect, from my point of view, this candle is a kind of confirmation of Zone I. Greetings, Michael

Hi Bionics what do you think of my zones? at the current point on the monthly tm fr what conclusion can be made out of EurUsd? can we say it is likely to reject on the zone and there is a possibility for euro to buy for a long time?

Hello rhinohorn, I think you have hit the zones very well, although this is often not easy in the monthly chart. I have identified two zones, whereby I have drawn the zones from the weekly chart in the monthly chart. I recommend starting with the long-term daily chart and then reducing the zones. I will publish another post today on the subject of parity. Greetings Michael