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  • #721
  • Sep 19, 2022 9:56pm Sep 19, 2022 9:56pm
Quoting Homamiadana
{quote} First of all I want to thank for all those sharings you've made. It is really interesting, all the information in this threads. But as a newbie I dont understand the concept of all of this, I mean the bionic candle, volume, foot print,...etc... Just one question, can I just practice with the bionic candle first? thanks. P.S: sorry for y bad english
Hello Homamiadana, welcome to our blog and thank you for your kind words. As a beginner, it's completely normal to be overwhelmed by a lot of information and often not understanding the concepts behind it. But remember: Rome wasn't built in a day either, it takes time to understand all these things. The Bionic Candle is a good tool to start with, check out the videos on my blog. I keep my fingers crossed for you and wish you every success. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #722
  • Sep 21, 2022 9:47am Sep 21, 2022 9:47am
Your way to become a profitable trader

Hello dear traders,

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 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 at the same time, 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.

Inserted Video



I wish you a great week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #723
  • Edited 9:58pm Sep 21, 2022 11:26am | Edited 9:58pm
Hi all,

so I also wanted to start. Is this somehow correct? One or other? I know I just used low with that one but... If not, I will do better next time. (Hopefully)

Thanks a lot

Or the second picture, that could be key candle?

I belive I got that one right? Because it worked, attaching picture. (3rd)

SF
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  • #724
  • Sep 24, 2022 11:13am Sep 24, 2022 11:13am
Mindset or setup

Hello dear traders,

Many trading coaches always talk about mindset and how important it is in trading. Can you compensate for a lack of expertise and a trading setup with a good mindset or is it all just marketing to make a lot of money? Is it actually possible to beat the big players on the stock market with just your thoughts and attitude and thereby become financially independent? In today's post we will analyze what priority the mindset actually has in relation to trading expertise and trading setup. You'll be amazed at what comes of it.

Inserted Video


I wish you a great week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #725
  • Sep 24, 2022 11:35am Sep 24, 2022 11:35am
Quoting SilentFather
Hi all, so I also wanted to start. Is this somehow correct? One or other? I know I just used low with that one but... If not, I will do better next time. (Hopefully) Thanks a lot Or the second picture, that could be key candle? I belive I got that one right? Because it worked, attaching picture. (3rd) SF {image} {image} {image}
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Hello SilentFather,

You are right with your assessment and I think you are doing very well for a start. Unfortunately, the candles look different from broker to broker, so there are always small deviations. A larger key candle was formed under your marked zone, which broke through a key zone from the past (Sep 7, 2022 2:50 p.m.). You'll have to decide for yourself if that's coincidence after you've worked with it for a while. The Bionic candle is of course no Holy Grail, but it has a very high probability of showing the most reversal points in the market, provided you find the right key zones.

I keep my fingers crossed for you. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #726
  • Sep 26, 2022 6:54am Sep 26, 2022 6:54am
Quoting Bionics
{quote} {image} Hello SilentFather, You are right with your assessment and I think you are doing very well for a start. Unfortunately, the candles look different from broker to broker, so there are always small deviations. A larger key candle was formed under your marked zone, which broke through a key zone from the past (Sep 7, 2022 2:50 p.m.). You'll have to decide for yourself if that's coincidence after you've worked with it for a while. The Bionic candle is of course no Holy Grail, but it has a very high probability of showing the most reversal...
Hi Michael,

Thank You a lot. Really like bionic chart over the original chart people uses. It's great. I really wish, we could see bionic chart even on cTrader, because it has tick charts included, and no need to get VPS or something to keep making tick charts on MT4. Really wish that day will come some day.

Also, this could be also the one? I'm just practicing on history right now. Because I feel like I understand it, but then I lose the point.

Wish a great trading day,

SF
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  • #727
  • Sep 27, 2022 9:26am Sep 27, 2022 9:26am
Science and practice

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Hello dear traders,

Science means explaining what everyone knows in such a way that no one can understand it afterwards. Right is: Science creates knowledge. Knowing is good too, but the more you know, the more you realize what you don't know yet. This means that the more I know, the higher my doubts as to whether what I know is correct.

First of all, we can be happy that there is a science at all, because the whole world and our economic system benefits from it. Without science we would not be where we are today. But no one can say whether science actually helps us in all areas. Each of us is a researcher and a little scientist, regardless of whether he is a doctor, professor, clerk, worker or unemployed. Our life offers enough areas of science to research. By that I don't mean quantum physics, space research or medicine, but normal situations such as raising children, relationships, communication, love, work, sports, hobbies and many things of everyday life.

Science isn't life's biggest mistake, it's the conclusions we draw from it. So the problem is not science, but man, because he is often wrong. Of course, a professor can prove his thesis to the student, but only because the student doesn't know any better. But that doesn't necessarily mean that the professor has to be right. Man has been wrong ever since man has existed, which is why science is also wrong, because sience is done by man.

The old thesis: "The earth is flat" was also refuted, just as it was believed for 40 years that plants cannot absorb solids or liquids through their stomata. Science is based on possible theories that are either confirmed or disproved. If there were no theories, there would be no basis for discussion to confirm or invalidate them. Everyone who has completed an apprenticeship or a course of study knows it from their own experience: theory and practice are often two different worlds. This also applies to trading.

Everyone writes a doctoral thesis or a professorship in their life, not on paper but in their head, about things they have dealt with for many years. This wealth of experience is something very special, it is his own science, the experience of his own life. And if these experiences bring positive results, they cannot be changed even by science.

Knowing is good, applying knowledge correctly is fulfilment.

Science does not mean hoarding knowledge, but passing it on. It is not decisive whether the knowledge is 100% correct, but whether it helps someone. In principle, accepted science is nothing more than what most people have agreed upon. Until one day someone else knows better and then you have to agree again. If we deal with the topic of brain research and read the headline: "Love can be recognized in a brain scan", one can only lean back and think: Yes, and the earth is flat. In the future, if I'm not sure whether I love my partner, I'll just do a brain scan. Science is something special, but it is always up to the individual to decide whether it will help us to become really successful. "He was a mathematician and she was unpredictable".

Conclusion:

Science is not bad because there are wrong assumptions, but a good development process to get closer and closer to the truth. If someone puts forward a thesis, there will be people who claim exactly the opposite. I find that exciting, because it means that those who doubt these theses now have to move in order to refute them. And that is exactly what will help us all, because only movement will bring us forward. It's as simple as that. Science creates knowledge, let's use the basics to build on it and advance our own knowledge in such a way that we become successful in the end. In addition to courage, discipline and diligence, we also need healthy self-confidence.

The term “self-confidence” sums it up: I have to be aware that it is up to me. Only then am I able to change something.

Good luck in trading this week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #728
  • Oct 1, 2022 10:12am Oct 1, 2022 10:12am
Avoid the trap

Hello dear traders,

Due to the massive imbalance between big players and retailers, our risk in the market is disproportionately high. The big players have a clear and strategic approach designed to keep trapping us retailers. And indeed, we keep falling for their strategies. Today we will talk about how we can significantly reduce this risk and at the same time optimize our money management.

Inserted Video


I wish you a successful week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #729
  • Oct 5, 2022 10:41am Oct 5, 2022 10:41am
Emotions Psychology in trading

Hello dear traders,

Today's post is about the most important point why so many traders lose. The 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.

Inserted Video



I wish you a successful week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #730
  • Oct 6, 2022 5:02am Oct 6, 2022 5:02am
Trading Coach revealed

Hello dear traders,

In the last few months, new trading coaches have been springing up and offering their pointless trading seminars with unfair methods. If you watch the videos, you see successful traders driving their sports cars home to their happy advertising families in the evenings. Word should have gotten around that this type of advertising is anything but realistic. Some incompetent trading coaches are being exposed right now, so it's a good time to warn you again.

Inserted Video


I wish you a successful week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #731
  • Oct 8, 2022 2:26am Oct 8, 2022 2:26am
Tick chart save 90%

Hello dear traders,

a tick chart can help us increase profits while reducing losses. This can improve the CRV by a factor of three in the same trade and at the same time significantly reduce the risk per trade. In today's post we will look at which tick chart is suitable for this and which server we work best with.

Inserted Video



I wish you a successful week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #732
  • Oct 8, 2022 6:39am Oct 8, 2022 6:39am
Many thanks Michael. It is always a pleasure to watch your videos. My respect for your knowledge and willingness to share it here in this excellent quality.
I trade to make money. However, fun and variety may be there.
  • #733
  • Oct 8, 2022 12:05pm Oct 8, 2022 12:05pm
Quoting FrancisD
Many thanks Michael. It is always a pleasure to watch your videos. My respect for your knowledge and willingness to share it here in this excellent quality.
Hello Francis, Thank you for your kind words. By the way, you can find my German channel here.

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

I keep my fingers crossed for you, best regards Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #734
  • Oct 12, 2022 5:18am Oct 12, 2022 5:18am
Losses are more important than gains

Hello dear traders,

in today's post we will talk about why losses are more important than profits. In the stock, forex and futures market, 85% of all traders lose their money in the long term. If you look at all the videos on YouTube, you often get the feeling that 85% of all traders only win. The saying that only losers lose is a relic of the past that we are going to talk about today. Losses are the most important element in trading and only those who are able to deal with them properly can use them to reach the breakeven faster. Today we will take a closer look at which things to pay attention to in detail.

Inserted Video



I wish you a successful week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #735
  • Oct 15, 2022 2:44am Oct 15, 2022 2:44am
Power failure in trade

Hello dear traders,

Imagine you are about to enter a trade and you now want to set your stop. Suddenly you find that your mouse is unresponsive. The trade starts going heavily negative against you. You think maybe it's the mouse's power supply and start frantically looking for batteries. Thank God you can still find new batteries and swap them out quickly. Meanwhile, the trade is still going strong against you and would have hit your stop long ago. The new batteries are installed and you try to close the trade, but the mouse still does not respond. When we are in trade, there are some situations that make us lose control of our trade. This loss of control is anything but good and at this moment the stress factor increases to unimagined heights. There are some factors that can trigger such a situation, which we will talk about today. We need some kind of contingency plan for that.

Inserted Video


I wish you a successful week

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #736
  • Oct 22, 2022 2:07am Oct 22, 2022 2:07am
Finally a non-smoker as a trader


Hello dear traders,

On the occasion of my 100th video, we'll take a trip to a completely different area and talk about how it's easier for traders to become non-smokers or how smokers can save a few €10,000. Our state is becoming more and more greedy and after the new trader tax was introduced, a new and interesting tobacco tax follows. In addition to health, a good reason to stop doing it. But that's easier said than done for many and that's exactly what you'll get some tips for today. If you are a non-smoker yourself, you may know someone you can help with this post.

Inserted Video


This video is about quitting smoking forever. This is not easy as you cannot simply reduce the nicotine content of a cigarette. This works with the e-cigarette, but only if you put the liquid together yourself. I have created an Excel spreadsheet for you so that you can determine the values yourself. You can also determine the resulting financial benefits immediately. Here you find the Excel spreadsheet.

https://www.forexfactory.com/thread/...5#post14192115

If you are not registered with Forex Factory, watch this video first

Inserted Video


I keep my fingers crossed that you manage to quit smoking and I wish you good health as well as success in the trade.

Best regards, Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #737
  • Oct 22, 2022 4:01pm Oct 22, 2022 4:01pm
Quoting Bionics
Power failure in trade Hello dear traders, ...
There are some factors that can trigger such a situation, which we will talk about today. We need some kind of contingency plan for that.
https://youtu.be/b3wFWN2C-Fc I wish you a successful week Greetings Michael
...

Lieber Michael,
das sind Gedanken, an die ich auch nicht mehr so unbeschwert herangehe und überlege, was zu tun ist.
Vor Jahren (sooo lange ist das auch nicht her, vielleicht 5-7 Jahre nach der Jahrtausendwende) ... glücklicher Besitzer eines PC - Laptop, was ist das? Smartfone??? bist du ein Marsmännchen? dauerte ein Verbindungsaufbau manchmal durchaus 10-15 Minuten, ohne offensichtliche Havarie. Damals, in Berlin Mitte, ging ich, wenn es irgendwie klemmte, ins Internetcafe, es ging aber auch um sehr kleine Einsätze seinerzeit.
Inzwischen hilft man sich mit Anbieterwechsel des Internet, überlegter Einstellung der Fritzbox ... und allen diesen Knackpunkten, die du im Youtube gezeigt hast.

Der Stress liegt auf beiden Seiten, beim Broker und beim Trader. Ohne selbst betroffen gewesen zu sein, habe ich bestimmt schon 5 Broker im Elend gesehen. Mein SL ist auch nicht immer gleich bereit, ich gewöhne es mir aber zusehends an und denke, es ist im Härtefall nichts mehr was über Stunden funktioniert, vielleicht über Tage. Und wenn der Nachbar sein Süppchen nicht mehr rühren kann, gibt es anderes zu tun, als am Geldrad zu drehen mit der letzten Batterie im Hause. Also Pause, das soziale machen.
Solar ... ? Aber wenn das w-lan nicht mehr geht ... es ist wie du sagst.
Von wegen SL habe ich eine Frage, ob du vielleicht auch beobachtet hast, wenn du ihn über einen EA eingibst, dass der SL erst wenige Sekunden danach geschrieben wird. Ich werde mir aus verschiedenen Gründen einen neuen EA dafür kaufen, dennoch- das Thema der Zeitverzögerung bleibt. Nun, lieber minispäter als nie.
Du bietest so viele interessante Infos, manches nehme ich mir jetzt mal gern wieder vor.
  • #738
  • Oct 23, 2022 2:56am Oct 23, 2022 2:56am
Quoting Isabella_D
{quote}... Lieber Michael, das sind Gedanken, an die ich auch nicht mehr so unbeschwert herangehe und überlege, was zu tun ist. Vor Jahren (sooo lange ist das auch nicht her, vielleicht 5-7 Jahre nach der Jahrtausendwende) ... glücklicher Besitzer eines PC - Laptop, was ist das? Smartfone??? bist du ein Marsmännchen? dauerte ein Verbindungsaufbau manchmal durchaus 10-15 Minuten, ohne offensichtliche Havarie. Damals, in Berlin Mitte, ging ich, wenn es irgendwie klemmte, ins Internetcafe, es ging aber auch um sehr kleine Einsätze seinerzeit. Inzwischen...
Hello dear Isabella,

First of all, thank you for your kind statement. Since we are in an English-language thread here, I took the liberty of moving this post to my German-language thread in order to answer it there in detail. The link below will take you to the thread.

https://www.forexfactory.com/thread/...6#post14192646

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #739
  • Oct 26, 2022 5:10am Oct 26, 2022 5:10am
How big players make profits

Hello dear traders,

In today's article we look at different approaches of the big players and how they realize their profits with different strategies. This results in blatant differences compared to the approach of retail traders, which also explains the high loss rate in the retail sector. In addition, I would show you why it is a big mistake to focus solely on the market orders. Today we're going to look at six different strategies that the big players use to realize the majority of their profits. Of particular interest are the regular currency exchange transactions, which are currently taking place in euros and US dollars.

Inserted Video


I wish you a success trading week

Best regards, Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #740
  • Oct 29, 2022 2:01am Oct 29, 2022 2:01am
Big Player the big secret

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Hello dear traders,

although the world's biggest big players are required to keep balance sheets, they are still able to obfuscate their trades in a way that even a professional couldn't see through. In today's article we will evaluate Goldman Sachs' balance sheet very strategically and complete it from a logical point of view. Things come to light that even I didn't expect. Based on the evaluation of the last twelve years, we can draw conclusions about how the big players will proceed in the future. And with this informations we are able to adapt and align our strategies in order to optimize our profit quotas in the future.

Inserted Video


I wish you continued success in trading.

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