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Bagovino Method

  • #681
  • Sep 16, 2006 3:46am Sep 16, 2006 3:46am
I would like to point something out. Some one had said that the 18/28 MAs are exactly the same as the RSI/50. I would like to say they are wrong. I am posting a chart to show that person is wrong. I have not went over any other charts but I will say with the first pair I checked, it is not true.
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JOHN 3:16
  • #682
  • Sep 16, 2006 10:22am Sep 16, 2006 10:22am
Good point Rens. They're definatly not the same.

Have you played with looking for both the RSI and 18/28 requirements? I would think that these entrances are "stronger," or more probable to produce a larger more profitable move. Maybe loosen exits based on this theory to allow the move some room.

Thoughts?
Thanks for all of your priceless thoughts!
mrLogik
  • #683
  • Sep 16, 2006 11:31am Sep 16, 2006 11:31am
To all,

I've been happily using some of the MT4 EA's posted on this thread, and am really getting into the system, especially when combined with the tunnel model. And I'm really getting into the power of the MT4 platform, however,
I've been very frustrated in trying to find a way to adjust the timezone on the MT4 charts to reflect my local (EDT) time. All my charts have GMT+2 as per server time in the MT4 demo.

If anyone can shed some light on this i'd appreciate it.

Cheers,

Auric
  • #684
  • Sep 16, 2006 12:00pm Sep 16, 2006 12:00pm
Quoting renasdad
I would like to point something out. Some one had said that the 18/28 MAs are exactly the same as the RSI/50. I would like to say they are wrong. I am posting a chart to show that person is wrong. I have not went over any other charts but I will say with the first pair I checked, it is not true.
WHY DON"T YOU READ WHAT I WROTE BEFORE STATING THAT I AM WRONG?

Here is what I wrote:

LONG:

As soon as the 5/12 cross, and price touches the 18/28 EMA's going up, and they cross, (Sidus's real GO signal), RSI goes positive. And as long as the 18/28 tunnel is BELOW the price, RSI will remain positive.

SHORT:

As soon as As soon as the 5/12 cross, and price touches the 18/28 EMA's going down, and they cross, (Sidus's real GO signal), RSI goes negative. And as long as the 18/28 tunnel is ABOVE the price, RSI will remain negative.

The chart you provided as 'proof' that I am wrong DOESN'T EVEN HAVE THE 5/12 MA's on it!!!

I attach YOUR chart example, with MY PROOF.

Look again, at many charts, as I have, and you will see that what I am saying is true.

Anyway, even if you don't see it, the relationship exists. Regardless, I don't really care if you agree or not. I was trying to point out how similar the systems were, because harmony is better than discord. You have looked at ONE chart, incorrectly I might add, and you come on and post that my observation is incorrect. Due dilligence my friend, due dilligence.

Take care.
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  • #685
  • Sep 16, 2006 12:25pm Sep 16, 2006 12:25pm
Colnc,

What other system are you using with my method? It seems to gain more pips than mine alone. Would you be so kind as to post it so we can better what we have going now??

I'd appreciate your help!!!


Bago,

I'm also using the Mouteki trading method on this forum also, using 4 hour charts for trendline breaks. I use your method to get in on trades early, then if they also break the trendline then there is a projection on how far they will go, so I then will let them ride. The Mouteki method is not explained fully as of yet so we are still learning it, I still find that I like yours better, more pips because more currencies that move 20 - 50 pips. Put the two together to confirm trades may be a great way to go. Thank you for your help.
Cadillac Pippin
  • #686
  • Sep 16, 2006 1:44pm Sep 16, 2006 1:44pm
Forexpips,

relax, it's no the end of the world...Renasdad didn't even mentioned your name, no reason to speak in capital letters in this friendly forum...

Chill and take care ,

FT

Quoting forexpips
WHY DON"T YOU READ WHAT I WROTE BEFORE STATING THAT I AM WRONG?

Here is what I wrote:

LONG:

As soon as the 5/12 cross, and price touches the 18/28 EMA's going up, and they cross, (Sidus's real GO signal), RSI goes positive. And as long as the 18/28 tunnel is BELOW the price, RSI will remain positive.

SHORT:

As soon as As soon as the 5/12 cross, and price touches the 18/28 EMA's going down, and they cross, (Sidus's real GO signal), RSI goes negative. And as long as the 18/28 tunnel is ABOVE the price, RSI will remain negative.

The chart you provided as 'proof' that I am wrong DOESN'T EVEN HAVE THE 5/12 MA's on it!!!

I attach YOUR chart example, with MY PROOF.

Look again, at many charts, as I have, and you will see that what I am saying is true.

Anyway, even if you don't see it, the relationship exists. Regardless, I don't really care if you agree or not. I was trying to point out how similar the systems were, because harmony is better than discord. You have looked at ONE chart, incorrectly I might add, and you come on and post that my observation is incorrect. Due dilligence my friend, due dilligence.

Take care.
  • #687
  • Sep 17, 2006 7:50am Sep 17, 2006 7:50am
forex pips,

I guess I am wrong. I do not understand. In this chart I have a yellow bow with the crosses and no RSI cross. Am I understanding something wrong with what you are saying in this chart as well?
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JOHN 3:16
  • #688
  • Sep 17, 2006 7:52am Sep 17, 2006 7:52am
what about this one?
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JOHN 3:16
  • #689
  • Sep 17, 2006 12:01pm Sep 17, 2006 12:01pm
Ok,how would you handle this situation?I'm using the Bago method of trading. Assume there are no support levels or a pivot point nearby. The 5,12 cross down with the RSI crossing down at the same time. You get into the trade, the RSI crosses back up over 50 within a bar or two with no pip gain but the 5,12 hasn't recrossed. Do you get out as soon as you get the RSI recross or do you wait for the 5,12 recross also?thanks
  • #690
  • Sep 17, 2006 12:56pm Sep 17, 2006 12:56pm
Quoting renasdad
forex pips,

I guess I am wrong. I do not understand. In this chart I have a yellow bow with the crosses and no RSI cross. Am I understanding something wrong with what you are saying in this chart as well?
Your charts are not the same as mine, I'm pretty sure the MA's on your charts are not right.
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  • #691
  • Edited 3:41pm Sep 17, 2006 1:05pm | Edited 3:41pm
Quoting renasdad
what about this one?
Again, I think there's a problem with the MA's on your charts.
Attached Image
  • #692
  • Sep 19, 2006 12:33am Sep 19, 2006 12:33am
9/18/06, Monday10:34pm PST-JPY 30 min chart just went short with full Bago method, but I am waiting for a break below 117.83 before I go short.
  • #693
  • Sep 19, 2006 1:05am Sep 19, 2006 1:05am
Is anyone trading this method anymore? If so... Post! If not... Erase this thread!!!

This is put out to help people make money in Forex.... Not for me.... I'm already making money! I wanted to help young/new traders by giving them something simple and concrete that works more times than it doesn't so they can see positive results trading Forex early on.

So we can either discuss and post trades here or let it die... It's up to you!

Thanks,

Bagovino
"Skills pay the bill's!"
  • #694
  • Sep 19, 2006 1:17am Sep 19, 2006 1:17am
There is a 5/12 cross which is just occurring and there will be a shorting opportunity if and when the RSI goes below 50.

Some of us have been communicating on the chatroom.

I currently have a long AUD/USD and the 5 and 12 are approaching each other at a rather shallow angle. The RSI s still above 50. I am wondering wherther there is going to be a bounce rather than a cross. Any opinions?
  • #695
  • Sep 19, 2006 1:20am Sep 19, 2006 1:20am
Quoting bagovino
Is anyone trading this method anymore? If so... Post! If not... Erase this thread!!!

This is put out to help people make money in Forex.... Not for me.... I'm already making money! I wanted to help young/new traders by giving them something simple and concrete that works more times than it doesn't so they can see positive results trading Forex early on.

So we can either discuss and post trades here or let it die... It's up to you!

Thanks,

Bagovino

Hi Bago,

Do u trade only this system ?
The future depends on what we do in the present.
  • #696
  • Sep 19, 2006 1:48am Sep 19, 2006 1:48am
simple question from a beginner, how do you include the mq4 files in metatrader?
  • #697
  • Sep 19, 2006 1:59am Sep 19, 2006 1:59am
what time frames are you speaking of? I see what you are talking about on eur/usd 60 min chart. I beleive that it will only be a bounce or a quick cross and then back up again. In fact that is one chart I am watchin to go long when it hits about 1.2693

BTW, as for my post above-I never did enter jpy short because it did not hit 117.83
  • #698
  • Sep 19, 2006 2:16am Sep 19, 2006 2:16am
Quoting Matt8643
what time frames are you speaking of? I see what you are talking about on eur/usd 60 min chart. I beleive that it will only be a bounce or a quick cross and then back up again. In fact that is one chart I am watchin to go long when it hits about 1.2693

BTW, as for my post above-I never did enter jpy short because it did not hit 117.83
Pardon my omission, but unless I specify some other timeframe, I am referring to 1H charts. I sometimes expect people to be able to read my mind.
  • #699
  • Sep 19, 2006 2:19am Sep 19, 2006 2:19am
Quoting bagovino
Is anyone trading this method anymore? If so... Post! If not... Erase this thread!!!
Still watching it, and taking small trades here and there. Like it. :-)
  • #700
  • Sep 19, 2006 2:27am Sep 19, 2006 2:27am
This is not the only system I use, but I usually like to have confirmation with at least 2 systems agreeing on the advisability of a trade.

Just had a euro short setup and am already pip positive.

I like to use this method, along with Sidus and/or Kolachi to decide on a trade. Thank you Bagovino.
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