Bionic Chart - The easiest forex navigation

Fear, revenge and greed

Hello dear traders,

Today's post is about the three biggest enemies in trading: fear, revenge and greed. Are these three characteristics actually our biggest enemies or is this just a way for trading coaches to instill their unnecessary mindset in us? In today's post I'll show you a simple way to kill the three flies of fear, revenge and greed in one fell swoop.



I wish you continued success

Kind regards, Michael

Fear, revenge and greed
(translated into English)

Hello dear traders,

Today's post is about the three biggest enemies in trading: fear, revenge and greed. Are these three characteristics actually our biggest enemies or is this just a way for trading coaches to instill their unnecessary mindset in us? In today's post I'll show you a simple way to kill the three flies of fear, revenge and greed in one fell swoop.



I wish you continued success

Kind regards, Michael

Dear Michael,

how can I apply the bionic candle on meta trader 4? I downloaded the template and candle zip data. Do you have an instruction anywhere? ThanQ.

Ps: Ich spreche auch deutsch btw.

Hello Pshht, please download the zip file: “Bionic Candle 6.3 Bionic Histogram 6.3.” here!

https://www.forexfactory.com/thread/...ex-algorithms?

To do this, you must register with FF beforehand. You can get all the information in this video:



On my German blog at FF you can find the indicators for the Bionic Candle and the histogram. Open your MT4, go to File and Open File Folder. Now click on MQL4/Indicators and insert the indicators there. Close the MT4 and reopen it. You will then find the Bionic candle in your indicators. Kind regards, Michael

Wrong world stock exchange


Hello dear traders,

have you ever thought about why the stock market always behaves in exactly the opposite way to our opinion? If we strongly believe that the price is going long now, the price will go short and if we believe that the price will go down, it will immediately be pushed up. In today's post we will reveal the secret and I am convinced that many of you will be able to improve your break-even point in the long term.



Have a great weekend

Kind regards, Michael

Wrong world stock exchange
(translated into English)

Hello dear traders,

have you ever thought about why the stock market always behaves in exactly the opposite way to our opinion? If we strongly believe that the price is going long now, the price will go short and if we believe that the price will go down, it will immediately be pushed up. In today's post we will reveal the secret and I am convinced that many of you will be able to improve your break-even point in the long term.



Have a great weekend

Kind regards, Michael

Successful traders trades, unsuccessful traders coaches




Hello dear traders,

On the way to becoming a successful trader, we meet many people on the Internet who have formed their own opinions about trading. In principle, that would be completely fine if it wasn't a money-making, rip-off or vanity thing. Some traders claim that trading is the easiest thing in the world. You don't understand why many traders think or act in such complicated ways. Traders who have been trying to break even for many years feel like outsiders or losers because things seem to be going so well and easily for others.

In Germany, Austria and Switzerland there are around 60,000 traders working in the futures, forex and stock markets, although I don't include the players who occasionally place a trade on their cell phone. 10% of them are making profits, 10% are breaking even and at least 80% are suffering losses, that's the unvarnished truth. 15% trade as position traders, 25% as swing traders, 50% as day traders, 8% as scalpers and only 2% as seconds scalpers. The position trader achieves the highest probability of winning because the spread is the smallest in relation to the take profit. The seconds scalper achieves the highest hourly wage because it achieves the highest tick value per minute.

When you browse the various trading forums, you often get the impression that over 80% of all traders there are successful. Incredible strategies and huge profits are published every day, some traders might actually get an inferiority complex. But if you then go to the broker's website, there is a legally required rate as to what percentage of small investors lose their money with this broker. According to the brokers, on average over 80% of small investors lose their money, although I personally believe that the numbers are significantly higher because they are partly embellished. How does this fit in with the statement of 80% of traders who supposedly record high profits every day? I think it has to do with the fact that people don't like to admit they're a loser. But if you're not willing to lose, you can't win, especially since as a beginner you'll only lose in the first few years. And that's completely normal and has nothing to do with being a loser.

If trading is actually that easy, why do over 80% lose money? As soon as we take the trouble to analyze the trading floors of the big players, we find that the big players employ thousands of traders, analysts and programmers. They invest billions of dollars in the latest technology, microwaves, to improve their latency times and use the fastest servers located in close proximity to the stock exchange. In order to use the best strategies, physicists, IT specialists and quants are employed to program special algorithms. If trading is actually so easy, why do the big players invest billions of dollars in technology, analysts and traders? The answer won't surprise any professional: Because trading is anything but easy. 80% claim to make money even though 80% of all traders lose. So we can assume that 80% of all traders are not telling the truth.

Approximately 10% of traders work in the areas of software, indicators, copy or foreign money trading or as trading coaches. If we now believe that every trading coach is profitable, then they would be the only winners in the stock market. Since out of 100% of all traders, only 10% are profitable. This means there would not be a single retailer who is not a trading coach and making profits. Since every trading coach has to pretend to make profits otherwise he wouldn't get any clients, that automatically means that 90% of all trading coaches lie. And even worse 90% of all trading coaches can't trade otherwise they would make enough money from trading, in order to make a living with it.

If you're a beginner looking for a trainer, there's a 90% chance you'll get scammed. Now some will say that the odds are even lower with roulette, but you usually lose less money and you expect to lose. However, as soon as you decide on a trading coach and perhaps pay them €10,000 in advance, you assume that you will be smarter at the end than you were at the beginning of the training. However, since 90% of the coaches themselves have no idea about trading, the probability is that €9,000 is lost. Nevertheless, in the end the hope prevails that the chosen trading coach is honest and that you will earn millions through his information. If his information were actually worth millions, the trading coach would make a lot of money in trading with his own knowledge and wouldn't have to make a fool of himself on the Internet just to find a customer. He wouldn't have to spend a large part of the day doing his show on TikTok & Co to acquire seminars, but could concentrate entirely on trading.

Think about it for yourself: Why is Shakira a singer and not training other singers as a vocal coach? Why is Lionel Messi not a coach? Why did Tom Brady, considered the greatest player of all time, win seven Super Bowls because he was a coach? Why did Tom Cruise receive $100 million for the blockbuster Top Gun: Maverick (2022)? Maybe because he trained other actors? No, because he is the most successful actor in the world and even does his own stunts. And that's exactly here the circle closes:

Successful traders trade, unsuccessful traders coaches! Now many will ask themselves, does this wisdom always apply? Well, in 90% of cases definitely

I wish you continued success in trading

Kind regards, Michael

Fairy Tale Future Data

Hello dear traders,

In today's article we talk about the great fairy tale of future data. You all know the self-proclaimed trading coaches who claim in their seminars that the Forex market is a big scam because there is no Level 2 data there. They are trying to make us know that only in the futures market can we get in-depth data that shows us exactly what the big players are up to. We'll look at whether this is true or just big bullshit in this video.



I wish you a nice weekend and much success in trading.

Kind regards, Michael

Fairy Tale Future Data
Video in English


Hello dear traders,

In today's article we talk about the great fairy tale of future data. You all know the self-proclaimed trading coaches who claim in their seminars that the Forex market is a big scam because there is no Level 2 data there. They are trying to make us know that only in the futures market can we get in-depth data that shows us exactly what the big players are up to. We'll look at whether this is true or just big bullshit in this video.



I wish you a nice weekend and much success in trading.

Kind regards, Michael

How the big players collect

Hello dear traders,

In today's video we'll take a look at how the big players go about building their positions. A few things will come to light that will definitely cause some aha effects.



I wish you much success in trading

Kind regards, Michael

How the big players collect
(translated into English)

Hello dear traders,

In today's video we'll take a look at how the big players go about building their positions. A few things will come to light that will definitely cause some aha effects.



I wish you much success in trading

Kind regards, Michael

Volume follows liquidity

Hello dear traders,

In today's article I will show you why volume generally follows liquidity and not the other way around. This law also contributes to the fact that 90% of retailers lose.



I wish you much success in trading

Kind regards, Michael

Hi Micheal,
I've been day trading the forex market for 6 years and doing quite fine and always striving to improve.
I found your Bionic candles about a month ago I found them to be exactacly what I was looking for after trying all sorts of candles in the past, the closest I got to what I wanted I believe was a 'High Low Close Bar' with the line chart based on the close price (I appreciate how you have made this free and I also like how you set it up so you can change the colours).
I am aware that you are currently trading forex Euro and by not what you see but by the alagorthims trading aproach which is cool and something I am learning more about (as your lastest video has helped out with) and as I've found out over the years that it's not always what you see on the charts that counts and what you see counts for only a pcertain percentage of the time). But the main reason I am saying all this is because I would be really grateful if you could expand on your 'Bionic candle' to also create a "Multi-Time Frame Background Bionic Candle" (from the 1min chart all the way up to the monthly chart with an option to have quarterly and yearly candles) for the part of trading that I like to see and currently get most of my trade bias from and for the MT4 platform. I have been using the 'm-CandlesYearlyv27' indicator on and off in the background of my charts for quite sometime but find a simular thing like the normal plain japenese candles dilema also. So recently I have been painstakingly using the MT4 rectangle tool to mark up my own higher time frame background Bionic candles to see the charts with for just an example a previous mtf Quaterly or Yearly bionic candle in the background on a monthly chart or previous mtf weekly bionic candle in the background on a 4hr chart or a previous mtf daily bionic candle in the background on a 1hr chart or a mtf 4hr bionic candle on a 30min chart on down the tf's etc. mainly so I don't have to have too many charts up at once or so I don't have to keep switching from one time frame chart back to another fairly often. Anyway I currently believe this would help towards improving my current trading. My trading bias at the moment leans more towards where price has come from and where price is most likely to go to complete it's cycle and as to where buyers meet sellers and sellers meet buyers at higher tf closes and freshest higher tf past highs, lows and close prices around round numbers where there is fresh incoming liquidity which tends to govern the lower tf's playing field but I like to get in and out during a Daily move and not hold overnight in most cases and I am definately no coder/programmer nor do I know anyone that is, I have dabbled in the MT4 Metaquotes editor before but I feel you are the one person to ask to create such an indicator as you are the creator of the Bionic candle after all.
I have attached a couple of Euro charts where I have crafted my own MTF-Bionic background candles with the MT4 rectangle tool. Looking forward to your reply .

Happy trading
Price can reverse in an instant but it often takes a much longer time to turn a large market!
Brad Parker

Usdx,another example of a higher Quaterly tf Bionic candle (with close to the original colors representing strength and weakness) in the background.



Brad

Volume follows liquidity
(translated into English)

Hello dear traders,

In today's article I will show you why volume generally follows liquidity and not the other way around. This law also contributes to the fact that 90% of retailers lose.



I wish you much success in trading

Kind regards, Michael

Hello Brad, thank you for your detailed report. First of all, I'm glad that the Bionic candle is helping you and I understand that you would like an MTF. However, I currently have a lot of projects and unfortunately don't have the time for them. However, in my opinion there is a better alternative. Here you will find a zigzag indicator that calculates the individual trend strength. In principle, this is the same indicator, only the individual zones are now colored green and red. The Bionic candle can be inserted here.



You can find the indicator here, maybe it will help you.

https://www.forexfactory.com/thread/...6#post12659866

Kind regards, Michael

Txs for the video Michael, that's funny you've pointed these 10-20-30-40% zones in the ladder because i've studied some months ago the same idea
but too superficially i think, and without some knowledges, datas i have now.

After watching this video, i've analyzed again the behaviour of spoofing around these zones and i've seen that counting the 10 boxes/cells/squares around the price was too much,
the cells between 6 and 10 are misleading exactly as you pointed out and giving fake removal spoofing informations.

If you look pic below around blues lines, you see that we have green (buy) removal in the 10 cells that can be misleading because it doesn't appear
in 6 and 3 cells windows. In 6 and 3 cells it's clear red (sell) removal and thus, the price is going up.
So the problem is well between 6 and 10th cells of ladder.

EDIT : i've put "rows" instead of " cells/boxes" in the screenshot because of my poor english ahah




My analyze is better every day and i hope i'll can contribute these next weeks, months, if i succeed to be profitable. I think i'm on the good path.

keep up the good work fellow traders and i wish you all the best. We can do it !

Hello Thomas, I'm thrilled. This is exactly what makes successful traders. They experiment to generate knowledge and thus make progress twice as fast. This is the right way. I keep my fingers crossed for you and keep it up. Kind regards, Michael

What is ALGO Trading?

Hello dear traders,

In today's article I will show you what exactly is meant by algo trading and to what extent the algorithms of the big players can help us in daily trading.



I wish you much success in trading

Kind regards, Michael

My friend you have great threat and great knowledge of trading and Coding.

I have send you DM.
Lets see when 2 same minds collaborate and do something big.

Have a great weekend and earn lot of profits in coming week.