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Bionic Chart - The easiest forex navigation

  • #881
  • Jun 28, 2023 10:32am Jun 28, 2023 10:32am
The Big Trading Lie

Hello dear traders,

as the title suggests, today we are going to look at the biggest trading lies. Among other things, these lies have contributed to the fact that you have not yet become profitable and may have already lost some €10,000. In this video we will discuss how you can still achieve your goal.

Inserted Video


I wish you continued success in trading

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #882
  • Jul 2, 2023 8:39am Jul 2, 2023 8:39am
Advantage as a retailer

Hello dear traders,

Hello dear algorithmic traders, most traders have been in a loser spree for many years because they believe that the stock exchange business is very easy or have been fooled by social networks that you can get rich quickly with it. Although the big players are so vastly superior to us, there are still some advantages that the big players even envy us. And if we use these advantages, we can increase our probability of winning significantly. That's exactly what we're going to talk about today.

Inserted Video


I wish you continued success in trading

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #883
  • Jul 15, 2023 2:03am Jul 15, 2023 2:03am
Avoid these 13 mistakes

Hello dear traders,

In today's post, we're going to talk about the most common mistakes that are responsible for 80-90% of retailers making losses in the long run. With a few small changes you are already able to reach your future breakeven point much faster and thus reduce losses at the same time. In principle, success on the stock market can only be achieved through empirical values. I would be happy if one or the other tip would help you to shorten the ordeal on the stock exchange.

Inserted Video


I wish you continued success in trading

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #884
  • Jul 18, 2023 11:05am Jul 18, 2023 11:05am
Advantage as a retailer

Hello dear traders,

Hello dear algorithmic traders, most traders have been in a loser spree for many years because they believe that the stock exchange business is very easy or have been fooled by social networks that you can get rich quickly with it. Although the big players are so vastly superior to us, there are still some advantages that the big players even envy us. And if we use these advantages, we can increase our probability of winning significantly. That's exactly what we're going to talk about today.

Inserted Video


I wish you continued success in trading

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #885
  • Jul 23, 2023 3:02pm Jul 23, 2023 3:02pm
Hello Michael,

Could you give the precise moment of 1 or 2 good trades you had in the past weeks ?
(to precise the day and hour like "05.07.2023 17h12 gmt+2" for example)

I'll not ask to you advices or explanations about it, you have already did this exercice before,
but I simply would like to analyze for myself with market replay tool,
if i could enter these trades with my present strategy.

Thank you and have a good week guys.
  • #886
  • Jul 26, 2023 11:53pm Jul 26, 2023 11:53pm
Market Replay

Quoting thomasz1
Hello Michael, Could you give the precise moment of 1 or 2 good trades you had in the past weeks ? Thank you and have a good week guys.


Hello Thomas,

I don't have extremely good or bad trades as they are all very close together. The decisive point for me is the pip value per minute and the net RRR. Here you have 10 trades that, with the right settings, show interesting information in the market replay.

Attached Image (click to enlarge)
Click to Enlarge Name: 10 Trades.png Size: 84 KB


I keep my fingers crossed for you.

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #887
  • Jul 27, 2023 9:07am Jul 27, 2023 9:07am
Quoting Bionics
Market Replay {quote} Hello Thomas, I don't have extremely good or bad trades as they are all very close together. The decisive point for me is the pip value per minute and the net RRR. Here you have 10 trades that, with the right settings, show interesting information in the market replay. {image} I keep my fingers crossed for you. Greetings Michael
That's perfect, thank you, i'll study that with attention
  • #888
  • Jul 29, 2023 6:18am Jul 29, 2023 6:18am
Avoid these 22 mistakes

Hello dear traders,

In my last video we talked about 13 mistakes that keep a trader from succeeding. But there are another 22 mistakes that can screw up a trader's balance sheet. In today's post we will uncover these mistakes in order to achieve our goals even faster.

Inserted Video


I wish you continued success in trading

Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #889
  • Jul 29, 2023 7:13pm Jul 29, 2023 7:13pm
I like your bionic candle idea. Good job.
  • #890
  • Aug 1, 2023 9:12pm Aug 1, 2023 9:12pm
Dear Michael,

I've being reading this thread, and you have very interesting ideas. I Will definately give bionic a try. You can really be proud of being the author of the first European made candle setup.

One thing I want to ask you after watching your videos about getting to breakeven after 10K trades, and then 5k more to get profitable and making a living.

Do you think it's possible to reach the Make a living part without the tools available in the future markets like volume, order book etc? In Forex we basically have price and time, and That's It. Is this enough to Make It, even with the bionic chart? With the RR you propose for scalping, we need to have a high win rate, if we want to cover trading expenses, 50% is not enough. Can we achieve a 60-70% win rate with just time and price bionic charts?
  • #891
  • Aug 2, 2023 1:12am Aug 2, 2023 1:12am
Quoting zkchyo
I like your bionic candle idea. Good job.
Hello zkchyo, thank you very much. But it is much more important that you can derive advantages for yourself from it in order to achieve your goals faster. I wish you every success. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #892
  • Aug 2, 2023 1:18am Aug 2, 2023 1:18am
Are volume data crucial?

Quoting averied
Dear Michael, I've being reading this thread, and you have very interesting ideas. I Will definately give bionic a try. You can really be proud of being the author of the first European made candle setup. One thing I want to ask you after watching your videos about getting to breakeven after 10K trades, and then 5k more to get profitable and making a living. Do you think it's possible to reach the Make a living part without the tools available in the future markets like volume, order book etc? In Forex we basically have price and time, and That's...
Hello avaried,

Thank you for your compliment and your comments. Your question is very interesting and extremely exciting.
First of all, more than 10 years ago, without futures data, I managed to break even after about 10,000 trades and a cumulative loss of 1350 euros. And this despite the fact that there is no volume data in the forex market. I also didn't have any bionic candles at the time because I hadn't invented them yet. I had massive problems extracting useful information from the normal candle chart. So I marked the strong candles (Close = High & Close = Low) to get important information. Even though I broke even, a big breakthrough came with the Bionic Candle. The largest part, however, consists of knowing how the big players act and proceed. When I started identifying the algorithms 5 years ago, it initially took me 1 year to achieve better win rates. From my experience it is absolutely possible to achieve a win rate of 60-65% with an RRR of 1.5-2 even without future data. Win rates of over 65% (RRR 1.5-2) are much easier to achieve with the identification of algorithms if you have previously invested a few thousand hours to find the correct settings. For me, the identification of the algorithms using the future data is a very high level of security in trading, as I can look deeper into the eye of the tornado. The combination of the Bionickerze, my tones, the pip value per minute with the knowledge of how the big players act and my specially developed trading algorithms is a kind of safety net for me as a tightrope artist. In addition, there is a very strategic money management that leaves little room for maneuver. In principle, these are tough rules that I have imposed on myself over many years and that I have to comply with 100%. Successful trading is mathematical juggling with probabilities and those who implement this strategically can make a good living from it.

I keep my fingers crossed for you in the trade and wish you every success.

Kind regards, Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #893
  • Aug 2, 2023 6:34am Aug 2, 2023 6:34am
Quoting Bionics
Are volume data crucial? {quote} Win rates of over 65% (RRR 1.5-2) are much easier to achieve with the identification of algorithms if you have previously invested a few thousand hours to find the correct settings. For me, the identification of the algorithms using the future data is a very high level of security in trading, as I can look deeper into the eye of the tornado. The combination of the Bionickerze, my tones, the pip value per minute with the knowledge of how the big players act and my specially developed trading algorithms is a kind of...
Thanks Michael for taking your time for answering. So just so that we're all in the same Page, is this thread exclusively for the bionic chart? Or are you planning Also on sharing your tools that will let us "look deeper into the eye of the tornado" and make the 65% win rates "easier to achieve"?

Best regards..
  • #894
  • Aug 2, 2023 6:53am Aug 2, 2023 6:53am
Quoting averied
{quote} Thanks Michael for taking your time for answering. So just so that we're all in the same Page, is this thread exclusively for the bionic chart? Or are you planning Also on sharing your tools that will let us "look deeper into the eye of the tornado" and make the 65% win rates "easier to achieve"? Best regards..
The individual tools that I have developed in the futures market do not help a trader. You have to think of trading like preparing a meal. The ingredients must be in a specific dosage and chronology to get the correct result. A great tasting sauce alone is not enough to conjure up a star menu. I think most people have to break even first and I didn't need bionic candles or future data for that. The secret lies in understanding how the big players operate. Best regards, Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #895
  • Edited 9:29am Aug 2, 2023 7:59am | Edited 9:29am
Quoting Bionics
{quote} The individual tools that I have developed in the futures market do not help a trader. You have to think of trading like preparing a meal. The ingredients must be in a specific dosage and chronology to get the correct result. A great tasting sauce alone is not enough to conjure up a star menu. I think most people have to break even first and I didn't need bionic candles or future data for that. The secret lies in understanding how the big players operate. Best regards, Michael
OK Michael! I'm hooked!, so if I'm welcomed, I would like to participate in this project and try to make it successfull.

I've been watching your tutorials about Bionic charts for about 10 days now, so how about I take a sample of 50 trades using them on a 1 minute chart? I want to record all 50 trades and publish a video (hidden video, so there is no monetization involved) Then you could check the video, and give your feedback about the trades taken. I think this will be very instructive for FF traders trying to use this tool.

let me know what you think and I will get to it.

One thing I would like to add about how Big players operate. In your trade examples, you use Sort of a pullback strategy, where you enter a trade when price reaches a previous "key candle" level. What I've noticed is that big impulsive moves, many times begin with a grab of liquidity or "stop hunting'. With a pullback strategy, many times there is no liquidity grab. Have you ever considered that a good confluence might be if price consolidates near a key candle level, and later It reaches the key level and at the same time is hunting the stops above the consolidation.
  • #896
  • Aug 2, 2023 10:21am Aug 2, 2023 10:21am
Attached Image (click to enlarge)
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  • #897
  • Aug 2, 2023 12:49pm Aug 2, 2023 12:49pm
Quoting averied
{quote} OK Michael! I'm hooked!, so if I'm welcomed, I would like to participate in this project and try to make it successfull. I've been watching your tutorials about Bionic charts for about 10 days now, so how about I take a sample of 50 trades using them on a 1 minute chart? I want to record all 50 trades and publish a video (hidden video, so there is no monetization involved) Then you could check the video, and give your feedback about the trades taken. I think this will be very instructive for FF traders trying to use this tool. let me know...
Hello averied, first of all, I would be happy if you would like to take part in the project and if you are willing to get involved. However, I find it too early to record a video at this stage. Firstly, you have no experience with the Bionic Candle and secondly, I unfortunately do not have the time to analyze 50 trades, as I am a full-time trader.

Basically, I only enter into a trade if a bionic zone drawn by me is touched and at the same time the evaluated algorithms in the future market give the green light. If the big players push the price in the profit direction after a completed collection action (e.g. accumulation), this is usually done with the help of stops. The additional euros acquired to drive the price into the first retail stops must then be sold in the form of market sell orders. The background is that these market buy orders are financially inefficient, since the euro has already been collected with limit buy orders at a lower price level. Therefore, there is a short-term pullback where the inefficient market buy orders are dissolved. In this sell-off phase, new short traders enter the market, who then help to drive the market up further with their stops. However, things don't always go so smoothly, which is why the big players always have to react to the retailers who are currently entering the market.

If more long traders come in during this phase, they have to be brought out first and at the same time new short traders have to be attracted. Only then does the movement continue upwards. For this reason, it is crucial for me to also keep an eye on the orders from the retailers. The big players are ice-cold entrepreneurs and act according to either the minimum or maximum principle. Of course, not all trades in EURUSD are profit oriented, but the majority are. If the Deutsche Bank has once again collected 800,000 lots with the help of limit sell orders and all the news is that the dollar is stronger, no one needs to wonder why the price is rising and not falling. And that's understandable, because after all, the market makes the news and not the other way around. When a big player collects the euro, it goes up and when it collects the dollar, it goes down. It's as simple as that.

Investors usually invest in the currency with the better interest rate. The key interest rates in the USA have been higher than in Europe for 1 year, but the EURUSD rate has been going up for 1 year. Because of this, we retailers need to pay more attention to what the big players collect and not what the news tells us. Unfortunately, since many retailers have an employee relationship, they also lack the entrepreneurial foundations that the big players follow. This is exactly why trading is one of the greatest challenges of our time. These statements are based solely on my personal opinion and I make no claim to be right. I wish you a successful week. Greetings Michael
Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #898
  • Aug 2, 2023 1:04pm Aug 2, 2023 1:04pm
Quoting krakof
{image}
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Forget:That does not work, amateurs build the ark, pros the Titanic!
  • #899
  • Aug 2, 2023 1:19pm Aug 2, 2023 1:19pm
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  • #900
  • Aug 3, 2023 12:02pm Aug 3, 2023 12:02pm
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