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Helping people help themselves

Hello dear Krakof,

I don't usually have time to analyze trades closely because firstly I only trade in EURUSD because it is over 100 times larger than Nasdaq and the Bionic candle works best in EURUSD. However, you've been very involved here over the last few months, so I'm happy to make an exception. First of all, thank you for sharing your trade with us. I'm not at all familiar with the pip values in the Nasdaq, but I would like to write you my opinion about it.



You have completed a winning trade, which is positive for now. What I don't understand is why you're entering the market just before a new high when you've plotted a resistance zone yourself at 15342. That's where the price went back and then back up.

You entered at around 16:50 CET at 15434 and exited the trade at 18:40 CET at 15504. The price retraced to 15360 and you were not stopped out, so your stop must have been at least below the last low around 15342. That's 92 points to stop and 70 points to TP. Your gross RRR is 0.76 without spread. So you need at least a 63% win rate to break even in the long run. You traded for 170 minutes and scored 0.41 points per minute. I find it dramatic that you were in the red for about 50% of your trading time.

If you had started at point A (the zone you drew yourself) you would have scored 92 points within 20 minutes, that's 4.6 points per minute and would have been 10 times more efficient. You would have been minus a maximum of 1 minute. Your gross RRR would then be 5, so you could reduce your win ratio to 23% in order to break even in the long term. In addition, there were two other ways (point B & C) to complete an efficient trade. Although you made a profit, your risk was 10 times higher than if you had waited for the pullback and entered at point A in your self-drawn zone. From my point of view, you draw the bionic zones, but you don't use them effectively.

I hope I've been able to be honest enough to offer this criticism, this was meant as a help only and not an attack.

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

Best regards, Michael

Espero haber sido lo suficientemente honesto para ofrecer esta crítica, esto solo fue una ayuda y no un ataque. Mantengo mis dedos cruzados por ti y te deseo mucho éxito. Saludos, Michael[/quote] Espero haber sido lo suficientemente honesto para ofrecer esta crítica, esto solo fue una ayuda y no un ataque. Mantengo mis dedos cruzados por ti y te deseo mucho éxito. Saludos, Michael[/quote]

Dear Bionica, indeed you are absolutely right. I entered the operation for fear of losing the entry, and it is true that my stop loss was located very low as you say. I think I'm learning to draw the levels, but sometimes I'm not faithful to the system and I have to correct the error. I don't take it as an attack, but as a very valuable constructive criticism.
Thank you for your great work on the bionic candles, as they help me to see the market better.

Hello Krakof, I basically recommend a trader who has not yet reached his breakeven point to only trade currency pairs, as there the number of bearish and bullish movements are balanced. It is best to focus on the top 6 currency pairs that reach at least $500 billion in daily turnover. This is how you trade in the markets where the biggest big players in the world are. The bionic candle works best in EURUSD because liquidity is very high there. All the best for the future. Greetings Michael

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.



I wish you continued success in trading

Greetings Michael

Profitable without a coach

Hello dear traders,

in the last two videos we talked about the biggest mistakes that can break a trader's neck while keeping them from breaking even. With the problem-solution-happiness approach, we are able to improve our future situation. Today we're going to talk about how we can avoid these mistakes first and in the next video I'll show you the concrete steps you have to take to achieve the greatest possible success with the least effort.



I wish you much success

Greetings Michael

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.



I wish you continued success in trading

Greetings Michael

Hello Michael, hello everyone,

This is my very first post on this forum, and I wanted to thank you for sharing your knowledge with us. I only created this account to interact here, and even though it took me a while because I didn't want to get too excited too quickly, I think that today I can share a bit of my experience (even if I wouldn't have much to share to improve it, being a beginner myself).

I'd been looking for trading strategies for two years, and it was in January that I came across your topic, as well as the one on Equilibrium (on which I've read over 80 pages). I've also watched most of your videos.
In June, after several backtests and trials with a demo account, I decided it was time to reread and rewatch everything, A SECOND TIME. Which I did...

And it's now been several days since I went back to trading on a demo account.

I've got lots of screenshots of my past trades, and of areas I've drawn. But as I've decided to write this first post now, I'm only going to share what I've done today (still on a demo account).


Most of the zones have been reduced by switching to the 1mn chart (I haven't yet tried to access the tick chart, for the moment I'm concentrating on the basics).

A. First trade, I always try to have a minimum of RR1:3, but here I thought the zone above would reject the price, it turned out not to be.
I tried to switch to shorts here, so it's a losing trade.

B. I long again from the same zone, but even going back in time, I'm not sure where the price is going to stop. The previous Key Candle is hard to find, so I aim for my RR 1:3 and it works.

C. This time I aim for D with my long, and it's a winning trade. I switch to short immediately.

E. The price is violently rejected, I was aiming for the F zone. It's a winner again.

F. I had a pending order buy. And it was the right decision, but the spread stopped me out. A shame.

G. The previous Key Candle is huge, even on the 1mn chart it's complicated, but I'm trying a G entry.

H. On the 15mn chart, I was aiming for the H zone with my trade bought in G, where I was also expecting a short trade, but the price won't reach it. I think I had a hard time finding the Key Candle here.




Back to the 5mn chart

I. I'm not sure why I drew this zone, it's wrong.

J. The real new zone is normally here, so you can see the Key Candle on the left with the check mark that came out of the previous one. But I didn't take any shorts. I thought the price might come in zone I.

After that, I told myself that it was a good day and that I'd stop, but I'd keep on tracing the zones out of sheer curiosity.

L. I still tried to short in L, and got stopped out. I tried a second time after the price came back into the zone, and it was a winner.

So here we are, 6 winners to 3 losers.
Minimum RR: 1:2.05 (With trade G, because i thought it will go to H)
Maximum RR: 1:5.23 (With trade E)

I don’t necessarily share all this to get a review, I think you don’t have time, if we all did that you would certainly open a school.
I am sharing this day to express my gratitude for what I have learned from you, and so that the readers of this topic can see a little what we can do, even being a beginner like me, with Equilibrum, Key Candles, and Bionics Candles.
However, I do have a question.

It is sometimes very easy to switch to a smaller timeframe to reduce the area of a Key Candle. And sometimes I’m not sure which Candle is the right one.
I did not mention Zone K before because my question is about it.




I don’t remember exactly where you talked about this, certainly in the videos on the tick charts, but in this case, we take the candle that has the least pullback? Or the tallest? Or a mix of both? I find it strange to take the one that is the lowest (first arrow), because technically it does not break the previous zone.
But if for example the lowest is the largest and the one that suffered the least pullback, is it viable?



Another example, going back to the chart 5mn, we can see that to the right of the zone K, after the formation of a beautiful Equilibrium, A huge bullish Key Candle is heading straight for Zone L. It will not have served much for the future but if we wanted to reduce the area here too, what candle would we take?
I would say the one at the bottom, because it is the largest to have not suffered any pullback.
But I’m not sure.

That said, thank you again Michael, I look forward to discovering even more knowledge about all this.


Sincerely, Kalalams... Kal... Kakalem... (I can’t even pronounce my own nickname, I don’t remember why I wrote this)

Concrete steps to success

Hello dear traders,

In the last few weeks we have analyzed 36 different trading challenges that can cause us massive problems in the long run. In my last video, we already discussed some solutions that we will now specify in the next 4 videos. In today's post I will show you how to find a good provider, how to improve your ping values, how to find your optimal broker and get helpful indicators that you can download for free from my blog at Forex Factory. This enables you to reach your goals even faster without having to hire an expensive trading coach.



Here are the indicators for download

https://www.forexfactory.com/thread/...6#post14551366

I wish you much success

Greetings Michael

Successful with the Bionic candle

Hello Kalamelelasm,

first of all I am very happy that the bionic candle is helping you. Although trading cannot give any guarantees, many traders still seek security. Indicators give a supposed security and show when you should go short or long. But these security are only an excuse because the trader is afraid to make a clear decision. The Bionic Candle is also just a help to identify the possible invisible price zones of the big players. It is much more important to recognize what is currently happening in the market and in which phase the current leader (largest big player) is. From this you can then derive future actions that increase your probabilities. This has nothing to do with indicators, but is the 7th sense same by driving a car. Let's get to your evaluation. With an average stop of 5 pips, 6 winners and 3 losers (with an average RR of 1:3) achieve a total of 90 pips in profit and 15 pips in loss. The win rate is 66% and corresponds to an expected value of 8.33 pips per trade. With one lot, that's already €83 per trade. In 10 hours, that's an average hourly wage of €75. Overall a nice result, but the bionic candle is not a holy grail.



There are different ways to identify the key candles, and even I, as a developer of the Bionic candle, make some mistakes when looking for the right key candle. This is simply because there are many big players in EURUSD and no retailer is able to tell them apart. In addition, I use the Future Daten algorithms as a second opinion. First, I draw the key zones on my chart and scale them down from the H1 to the tick chart. As soon as the price enters my drawn zone, I use the future data to decide whether to trade or not. Even if I've drawn a wrong zone, the futures data keeps me from entering a trade. A little tip: Go back 1 or 2 years in EURUSD and start drawing zones. Then you scroll into the future and see how the price reacts to your zones. If you're wrong, go back in time and find the right key candle. This is how you learn most effectively.

I keep my fingers crossed for you and wish you continued success.

Greetings Michael

Hello guys, would like to share with you an interesting trade i've seen during my investigations.

An accumulation of a big fish happened around 17h the 1st august and we have clear ways to profit of it.

We were at this last red line. Blue zone are bionic zones


Sometimes as here, you can see super easily when the big fish arrives ( don't look all the green and red lines of limit orders on heatmap it's a bug since
the updates of ATAS 2 months ago, it's so annoying, they litteraly downgrade the heatmap, i'm so pissed -_- )
He bought for around 3000 lots, but it was an accumulation phase. What was really interesting is that his bot is not the most discreet one,
the bot is simply buying 60 lots every 3 seconds. Left column is non cumulative orders, you can see he never put more than 20 lots by non-cumulative trade.
You can see that below (yeah i know, red on red is not easy to read, but i don't find the right colors to use atm ahah)

So, for this kind of scenario we can just , looking the time and sales, wait the bot stops to work to find entry (and respecting your own other rules of course).
As a visual confirmation of this, the delta bars make a good job.( delta are btw really great to find equilibrium)

and so, as expected here the result


Last thing i would like to show you, i know Michael doesn't trust imbalances, but i think there is a way to use them. If you take only one price level
of imbalance it's quite useless, i agree, but i find it useful when we're using "stack imbalances" which means several price level in a row showing imbalances (you can learn on ATAS articles what is imbalances). So look below, on my market profile/ TPO chart, the beige lines are stacked imbalances, and pink are the most important ones. (sorry if it's messy with all the market profile things, i don't even use it honestly, only looking vpoc sometimes).
The third arrow is where the trade goes on ; you can see we have imbalances at this place and we had already it 2times earlier inn the day. So we estimate it's probably a good resistance zone.

If you look closely, the stacked imbalanced are often working nicely and we can use them as S/R. Of course, it's not always right but i'm using it just as an additional filter (but i have a ton of others).



That's all for me for now ,it's just one kind of setup but i hope it can help some of you because there are concepts you can use in every trade.


Don't hesitate to share your trades, etc. i think it's motivating for all of us in the thread !
(and if Michael doesn't want, he will tell us

My entry is going smoothly

Cracóf could give the indicators and the template?

Hello Moren, you can find the indicators on my main page under Forum Attachments. You can also find further indicators on my German blog. Information about this can be found in my new video. Kind regards, Michael

Graças Miguel

Hello Michael, i have a question for you about interpretation of a market situation. I have now the setup i wanted but i still lack a good understanding of big fish's behaviours.

the 07 august 15h33, i've seen a big 463 cumulative market buy and just after, 2 non cumul 384 market sell. After that, the price dropped.
I think the accumulation phase was from 15:18 to 15:22. I guess the 384 non cumul is just his exit but what's the point of
the 463 aggressive buy before ? I've "guessed" a reversal was probably coming but I don't understand the process and idea of the trade in his globality atm ... :/

Hope you'll have some leads to make me understand the logic behind these plays from big fish.

Thanks and Have a good evening





(non cumulative below)

Hello Thomas, basically a market assessment is always speculative because nobody knows what is actually going on in the market. When you observed the accumulation phase, it could have been a currency exchange. The executing bank that carried out the currency exchange exchanged the dollar for the euro. This is an exit from the dollar that was completed with a limit buy order. A partner bank helped by using massive market sell orders to buy into the limit buy order of the executing bank. The executing bank was able to carry out its currency exchange quickly and the partner bank collected the dollar within seconds. Afterwards, a small equilibrium arose and on August 8th the price was pushed down slightly. Because massive short traders entered the market during the night, the price was pushed up again and then ran 83 pips down, where the partner bank was able to exit the dollar. One can clearly see that on the evening of August 7th the dollar continued to be collected from the big player within the equilibrium. Whether this actually happened is of course very difficult to answer and is just pure speculation. PS: From the looks of it, there appears to have been further currency exchanges on August 7th. I'll keep my fingers crossed for you. Kind regards, Michael