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Bagovino Method

  • #821
  • Sep 22, 2006 5:59pm Sep 22, 2006 5:59pm
what platform are you using?

Quoting Kev-K
My trading chart includes the following indicators. On the 4 HR, 1HR, 30-min, etc . . .

EMA 5/12
EMA 18/28
EMA 139/144 (tunnel)
EMA 200

RSI-21
MACD 12, 26, 9

Can anyone please explain to me (in simple english) how to palce the FIB's on my chart? Sorry to appear so stupid!

Kevin
Trade what you see - Not what you think
  • #822
  • Sep 22, 2006 6:40pm Sep 22, 2006 6:40pm
here you go Kev.


Quoting Kev-K
My trading chart includes the following indicators. On the 4 HR, 1HR, 30-min, etc . . .

EMA 5/12
EMA 18/28
EMA 139/144 (tunnel)
EMA 200

RSI-21
MACD 12, 26, 9

Can anyone please explain to me (in simple english) how to palce the FIB's on my chart? Sorry to appear so stupid!

Kevin
  • #823
  • Sep 22, 2006 7:12pm Sep 22, 2006 7:12pm
I think he's talking about this racekfx


Quoting jarroo
Check out the movie from HeavyJ on how to set up fibs.

Its called "BoneHead Moive". But trust me, HeavyJ is far from being a Bone Head. Just check his tread "Lost in the Tunnel" you'll learn a LOT.

Bonehead Movie

(make sure you view it in "Full screen")

Jim

jim
Indicators show the past. Price Action "Indicates" the future.
  • #824
  • Sep 22, 2006 7:53pm Sep 22, 2006 7:53pm
Quoting raczekfx
here you go Kev.

Thank You! And also thanks for the HeavyJ flick!

K
  • #825
  • Sep 23, 2006 5:01pm Sep 23, 2006 5:01pm
My GBP/USD chart shapes up this way . . . (attached)

On 4HR, I drew TL's using the low-low and high-high points. Friday morning, the 4HR GPB topped against resistance . . . the 1HR then indicated 5/12 cross (at yellow cross) . . . MACD is descending to 50 on 1HR. . .

I entered short at 1.9019 at 8:15 . . . will hold for 1.8930 (mini-account 2 lots - 10K each)

NOTE: Gents, I realize that I am "small-taters" . . . but GEESH! Hope I'm looking at this thing right! So, any advice/criticism gratefully accepted!

Have a great day! -Kevin-
Attached Images
  • #826
  • Sep 23, 2006 5:17pm Sep 23, 2006 5:17pm
Correction: RS1-21 descending toward 50. MACD diverging.
  • #827
  • Sep 23, 2006 8:42pm Sep 23, 2006 8:42pm
i.e. Have I placed the FIB's in the correct position?

In Meta-Trader . . .

GBP-USD 4-hour chart: Basic Bago curves (EMA 5/12 and EMA 18/28) with 144/169 tunnel, EMA-200, & TL's. Additionally, RSI-21 and MACD. FIB's drawn from current price to low/low

GBP-USD 1-hour chart: Basic Bago curves (EMA 5/12 and EMA 18/28) with 144/169 tunnel, EMA-200, & TL's. Additionally, RSI-21 and MACD. FIB's drawn from current price to low/low


Thanks!

Kevin
Attached Images
  • #828
  • Sep 24, 2006 12:11am Sep 24, 2006 12:11am
There, that's better!

http://picnac.com/images/247gbp-usd-4hr-fib-fix.gif
  • #829
  • Sep 24, 2006 12:13am Sep 24, 2006 12:13am
http://picnac.com/images/691gbp-usd-1hr-fib-fix.gif
  • #830
  • Sep 24, 2006 11:05am Sep 24, 2006 11:05am
I wanted to comment that Since Matt brought up trendlines I've been looking at them again. I think its something we should incorporate as a forcasting tool.
I was also thinking that it would be better if we discussed what we see as a forcast for the upcoming session instead of trying to post real time trades. This way we can analyze the market together and come up with what we feel the next likely move will be and then wait for the Bago signal to trigger.

Sound good?

Bagovino
"Skills pay the bill's!"
  • #831
  • Sep 24, 2006 11:32am Sep 24, 2006 11:32am
Quoting bagovino
I wanted to comment that Since Matt brought up trendlines I've been looking at them again. I think its something we should incorporate as a forcasting tool.
I was also thinking that it would be better if we discussed what we see as a forcast for the upcoming session instead of trying to post real time trades. This way we can analyze the market together and come up with what we feel the next likely move will be and then wait for the Bago signal to trigger.

Sound good?

Bagovino

Hi Bago,

With a trend comes direction . . . if the collective wisdom on this board could develop a forecasting tool (TL's) that worked in concert with BAGO and human judgement . . . a beautiful thing!

And I do think that RACZEFX is definitely on to something with his two-point trend line analysis (4HR and 1 HR.)

Bago, thanks for your work and expertise! Nice to learn from you all!
  • #832
  • Sep 24, 2006 12:25pm Sep 24, 2006 12:25pm
Sounds like a plan, good idea Bagovino. I will continue to take trades, as I spot good entries before bago signals, without posting them live here, as they might, or might not work.
We don't want people, especially new traders to follow them and get burnt.
I will post an update here, how I made up in few months period.
raczekfx



Quoting bagovino
I wanted to comment that Since Matt brought up trendlines I've been looking at them again. I think its something we should incorporate as a forcasting tool.
I was also thinking that it would be better if we discussed what we see as a forcast for the upcoming session instead of trying to post real time trades. This way we can analyze the market together and come up with what we feel the next likely move will be and then wait for the Bago signal to trigger.

Sound good?

Bagovino
  • #833
  • Sep 24, 2006 12:28pm Sep 24, 2006 12:28pm
yes, that's much better, Kev
Quoting Kev-K
There, that's better!
  • #834
  • Sep 24, 2006 3:54pm Sep 24, 2006 3:54pm
Quoting raczekfx
yes, that's much better, Kev

I too, will refrain from posting my trading setups (I know far too little about them!) :-)

However, I am eager to learn all I can about BAGO and TL's . . . the two, when merged, will be very formidable! So come on experts, let's get cracking!

Enjoy!

Kevin
  • #835
  • Sep 24, 2006 4:29pm Sep 24, 2006 4:29pm
Quoting bagovino
I was also thinking that it would be better if we discussed what we see as a forcast for the upcoming session instead of trying to post real time trades.

Sound good?
Sounds like a plan.

I've been very busy the last several weeks but I've made time to drop in and keep up with this thread. I concur that the early trigger off TL, though aggressive (and I like aggressive), seems to work on a consistent basis. For those wanting more assurance, the bago confirmation is perfect.

So I too will monitor the forecasts, and perhaps contribute my own every now and then (between news announcements of course! ).
  • #836
  • Sep 24, 2006 5:47pm Sep 24, 2006 5:47pm
Food for thought as we make our battle plans:

IMM implied USD positions switched from net short to net long for the first time in 5 months. USD sentiment improved amid a reduction in EUR longs and a sharp increase in CHF shorts that rose to the highest level since April.

The market continued to cut net long EUR exposure for the 7th consecutive week, but since this release only covers data up till Tue, price action post Thu's soft Philly Fed release suggests a recovery on EUR longs in the week ahead.



Short yen positions declined only modestly indicating no significant shift in speculative sentiment in the immediate aftermath of the G7 meeting.



CHF shorts hit a new high on dovish SNB outlook while, as we expected last week, GBP longs recovered once political uncertainties gave way to economic fundamentals.



After correcting sharply lower in the previous week, AUD longs were extended. Although AUD's resilience is impressive given commodities' weakness, the market seems is still close to overbought levels suggesting upside is limited.

Traders reduced long CAD exposure to neutral levels, reflecting a string of softer economic data releases. MXN long positions declined rapidly on US growth concerns along with the regional sentiment. VS
Trade what you see - Not what you think
  • #837
  • Sep 24, 2006 10:40pm Sep 24, 2006 10:40pm
Quote
I wanted to comment that Since Matt brought up trendlines I've been looking at them again. I think its something we should incorporate as a forcasting tool.
I was also thinking that it would be better if we discussed what we see as a forcast for the upcoming session instead of trying to post real time trades. This way we can analyze the market together and come up with what we feel the next likely move will be and then wait for the Bago signal to trigger.

Sound good?

Bagovino
Great idea, I will start to post pre-trade.
  • #838
  • Sep 24, 2006 10:50pm Sep 24, 2006 10:50pm
This is a Eur/Jpy I believe is about to go long on a breakout above the major trend line I have drawn. You can see there was already a break of the line earlier on both charts and the MACD was postive at the time of the breakout. These are things I look for. Also I am using a modified Bago now and the broown line you see is a normal moving average set to 24 on close. The green line is the normal Bago 5 EMA on close. Lastly, the 24 MA is in the top half of my wave on both charts-this is a sign for me that the market may break to the top of the wave.

Lets see how this goes from here.
Attached Image
  • #839
  • Sep 24, 2006 11:49pm Sep 24, 2006 11:49pm
I dont know if anyone took my pre-trade posted above, however I just went long 2 contracts at 149.06. My stop is at 148.75 and my 1st target is 149.18, 2nd target is 149.23.
  • #840
  • Sep 25, 2006 12:08am Sep 25, 2006 12:08am
Sorry Matt...

I dont see a long Eur/JPY. (I could be wrong... I never trade it!)

What do you guys think of EUR/USD??? That is all I trade. I recommend you focus on 1 pair ONLY until you master it.


B.
"Skills pay the bill's!"
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