Bagovino Method

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ok cool,

so does that ea actually take trades?

I was under the impression it was just a alert.

purely for alert only.

Which post# did u make the indicator alert?
If they are any changes to the indicator, could u post the most recent one? Thank you.

As for SMTP mail settings, the earliest I could get from my pop3 mail server = 5 minutes.

Anyone, is there any pop3 mail server that u use that can generate an email within 1 to 3 minutes?
Or any public email server settings that give fast signal alert?

post #993

No changes to alert EA as yet.

raczekfx,

Any thoughts to the chart attached ? Please advise..

Need yr guidance..

daily charts for eurcad and usdcad

my usd/cad sell limit order was executed yesterday @ 1.1302.
I didn't pay attention to eur/cad, but it's likely to go up some more if it breaks 4320/40 (strong resist)

I'm also short usd/jpy since yesterday again. 1.1792 & more 1.1818. I see this pair trading 1.10 - 1.12 by the end of this year, early next year.

raczekfx,

I am amazed that u took the signal so earlyyy... aren't u afraid of failed reversal ? If that was the case, u wouldnt have seen the next down bar..? How can u be so sure ? Care to share yr ideas... i suspect the way my fibonacci is drawn.. as on factor. Mind showing yr cad pic...

With the kind of entry u had, yr risk/reward is very good to me...

If you're referring to USD/JPY then, my answer is no, I'm not afraid. I posted, I think in this thread before, that I am and I will continue to short every up tick on this pair near and above 118 until it breaks monthly trend line. My risk is very small comparing to rewards. It's a golden egg right now , and when it comes to loonie.....

I'd be ashamed, if I didn't know how to trade my own currency
I'll post my chart, maybe it'll be easier for you to see why I took that short.

Do I have to explain this chart? <!--[if gte vml 1]><v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" oreferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f"> <v:stroke joinstyle="miter"/> <v:formulas> <v:f eqn="if lineDrawn pixelLineWidth 0"/> <v:f eqn="sum @0 1 0"/> <v:f eqn="sum 0 0 @1"/> <v:f eqn="prod @2 1 2"/> <v:f eqn="prod @3 21600 pixelWidth"/> <v:f eqn="prod @3 21600 pixelHeight"/> <v:f eqn="sum @0 0 1"/> <v:f eqn="prod @6 1 2"/> <v:f eqn="prod @7 21600 pixelWidth"/> <v:f eqn="sum @8 21600 0"/> <v:f eqn="prod @7 21600 pixelHeight"/> <v:f eqn="sum @10 21600 0"/> </v:formulas> <vath o:extrusionok="f" gradientshapeok="t" o:connecttype="rect"/> <o:lock v:ext="edit" aspectratio="t"/> </v:shapetype><v:shape id="_x0000_i1025" type="#_x0000_t75" alt="" style='width:11.25pt; height:11.25pt'> <v:imagedata src="file:///C:\DOCUME~1\msobkowi\LOCALS~1\Temp\msohtml1\01\clip_image001.gif" o:href="http://www.forexfactory.com/forexforum/images/smilies/smile.gif"/> </v:shape><![endif]--><!--[if !vml]--><!--[endif]-->

There is an old saying in certain parts of <st1lace w:st="on">Europe</st1lace> that goes:

'A cat would die out of starvation, if it only waited for its pray near one hole only..' or something like this.

<!--[if gte vml 1]><v:shape id="_x0000_i1026" type="#_x0000_t75" alt="" style='width:11.25pt;height:11.25pt'> <v:imagedata src="file:///C:\DOCUME~1\msobkowi\LOCALS~1\Temp\msohtml1\01\clip_image002.gif" o:href="http://www.forexfactory.com/forexforum/images/smilies/biggrin.gif"/> </v:shape><![endif]--><!--[if !vml]--><!--[endif]--> Anyways, what I'm trying to say is, that as your trading improves and you'll develop a 'feel' for the market, you will use many techniques to trade it successfully. It could be bago and mouteki together, pure price action alone or even raczek's TL bounce .
I'm actually very much convinced, that combining TL bounce together with Mouteki's variation of deMarks' level2 TLs can be very powerful and successful method for trading currencies. Add bago for confirmation, lots of practice and ... sky could be the limit.
I'd be working on combining these 3 methods together in the next little while, so excuse me if I don't post much.

I'm also toying with an idea of starting a private (and free) investor' club.
It would be a place, where serious traders would exchange ideas, upcoming setups and maybe do a little, live trading together, combining different methods. There are quite a few good, partime, fulltime and seasonal traders on this board, who do not post much, but judging by the setups they email me, they must be successful. We'll see what happens.
cheers,
R

Should weekend data be included when doing trendline analysis on daily charts? It can make a difference in a trade decision when a candle closes just above or below. Some use it, some don't. Any thoughts?

have a look at my two charts Rac, I wouldn't go short yet. what do you think of my analysis? first chart is the weekly with the most recent trendline I have drawn. second chart is the same chart zoomed in to daily. we have a close above that trendline. also, there is a huge falling wedge there, and in time, who knows when, there needs to be a large correction. if one gets in the long at the time its due, they will be in for a nice ride...

Alternately, if the daily closes back below this line, there may be room for a short.

Hi guys, does it matter that the RSI cross is slightly before or slightly after the EMA 5/12?

thanks.

Dear Brothers
i am new in this fourms and i read your strategy and i saw 69 pages
so, can any one explain me what's last update of this strategy and it's conditions

Best Regards

Yes, wedge is getting tighter and we'll see a break out to the upside soon.
I'm looking for a good opportunity to go long. We might see another dip to 1.1120/60 before it happens....

I'm confused by this statement! It seems that if we get a drop of 100-150 pips that would be a breakout to the downside side?

So as to say.. anything can happen.

I am in position to short Cad but dont expect to get lot of pips..

I simply see more upside potential then down, so I will let go that drop if it happens and setup for a long trade instead. I don't see a break out to a downside unless price closes below 1.1040.

A monthly chart does suggest huge upside potential!