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Bagovino Method

  • #1,881
  • Apr 29, 2007 2:11pm Apr 29, 2007 2:11pm
Quoting lugopt
Hi.

I would like to ask people using Bagovino Method (and profiting from it) what time frame do you use it: M30 or H1?

Thanks,
4H, 1H, 30M, 15M,
all is useful!
  • #1,882
  • Apr 29, 2007 8:15pm Apr 29, 2007 8:15pm
Quoting lugopt
Hi.

I would like to ask people using Bagovino Method (and profiting from it) what time frame do you use it: M30 or H1?

Thanks,
I look at weekly and daily charts for the overall trend and then only trade in the direction of the longer timeframe trend. I open a trade looking at 1 hr charts.

A person can make some good pips on 30 min charts but will get stopped out more often unless they use a large enough SL.

Another thing I would suggest using which I use is Vegas 1 hr tunnel. You will be able to know when price has jumped from an average to a extreme. When an extreme price gets reached, look for your crosses and voila!!
JOHN 3:16
  • #1,883
  • Apr 29, 2007 8:34pm Apr 29, 2007 8:34pm
as there are too many posts, and hopefully there have been improvements made on this indicator...can some post their best combination and timeframes and setting relating to this....TY
  • #1,884
  • Apr 29, 2007 8:41pm Apr 29, 2007 8:41pm
I have left everything like I used to trade this when I was posting more often.


http://www.forexfactory.com/showthread.php?t=7050
JOHN 3:16
  • #1,885
  • May 4, 2007 11:29am May 4, 2007 11:29am
" At the cross , at the cross
Where I first saw the light
And the burdens of my heart
Rolled away

It was there by faith
I received my sight
And now I am happy
All the day"....

Nice system , thanks for sharing it....
  • #1,886
  • May 4, 2007 11:33am May 4, 2007 11:33am
  • #1,887
  • May 8, 2007 2:49am May 8, 2007 2:49am
Quoting lugopt
Hi.

I would like to ask people using Bagovino Method (and profiting from it) what time frame do you use it: M30 or H1?

Thanks,
Hi all, I'm a noob and been testing this out on a 15min, with 1 hr to confirm. I also have a Bolinger chart to affirm the trending.

i noticed that on an average day, it is possible to long or short a few times, by observing the RSI line cutting the 50 mark.

E.g. this is my chart for last 24hrs or so for EUR/USD.

Everytime the EMAs cross path, and the RSI cuts above or below 50, it is almost certain that 5-10pips can be gained. Based on the last 24hrs e.g. this happened 3-5 times i.e. more than 30-40 pips a day.

My question is, how does a 1 hour or 3hour chart help in the decision making? e.g. my 1hr and 3 hr charts are all trending upwards generally, if observing the entire history.

They seem to confuse me more than anyting else, unless I'm looking at a long term trade i.e. over few days.

Any other suggestions how I may improve my observations by using another trendline etc?

Thanks for you help.
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  • #1,888
  • May 14, 2007 12:29am May 14, 2007 12:29am
hello.... Anyone home?????
"Skills pay the bill's!"
  • #1,889
  • May 14, 2007 3:57am May 14, 2007 3:57am
Quoting bagovino
hello.... Anyone home?????
Hi Bagovino,

I'm a real noob and must say, have learnt a lot from your thread.

I've create a "mega" template, combining your latest template and adding Sniper Ergodic, Waddah Attar Explosion, Bagovino Sidewinder.

Am working on 30min charts right now (see screenshot).

Must say, it's looking pretty good. Averaging 20-30 pips a day.

I have a question though, based on your original Stoch + RSI + EMI, what do you lookout for to release a short/long?

Thanks again for the great tip.
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  • #1,890
  • May 15, 2007 11:29am May 15, 2007 11:29am
Bago..

I don't think you can improve on this system by any substantive measure. If you start the trading day by checking where price is relative to pivots and the 1 hr Vegas tunnel, then use your criteria on the crossovers, using the 30 minute TF with 15 min for better entry, there is no reason not to make some serious money over time. Common sense will dictate not buying too near pivots or the vegas tunnel or selling, whichever the case might be. In any event, pivots and Vegas are excellent for profit taking goals short term.

So far, over last 2 months, this system has yielded about 25/30 pips per day, with occasional 60-80 home runs.

This isn't broken.. so don't try to fix it.

No need to bollox it up with anymore indicators.. if you can't make money with this as it is, something else is wrong.

Kudos on a great system!!
"I know how hard it is for you to put food on your family." George W. Bush
  • #1,891
  • May 15, 2007 12:11pm May 15, 2007 12:11pm
Marco,


How are you trading it? Which Time Frame and what indicators?

Oshioya,

Looks confusing. Can you explain a bit how you are taking signals off that template?

Thanks,

B.
"Skills pay the bill's!"
  • #1,892
  • Edited 12:33pm May 15, 2007 12:21pm | Edited 12:33pm
Bags..

I use the 30 minute TF and drop down to 15 min for exact entry.

Indicators.. RSI, MA (8), MTF Stoch (8,3,3) FX Sniper Ergodic, MACD (3, 10, 16) and MACD (10,30,10).

When the cross comes, if 4 of the 5 indicators signal "go" I'm in.

When all 5 line up, it's usually time to "load the wagon."

With respect to the MACD's, the bars don't have to be above or below the "water line" but merely breaking above or below the signal line and heading in the direction of the momentum.

Also, install a 200 EMA and observe how price reacts when it approaches it.. the 200 MA is significant in relation to support and resistance situations.
"I know how hard it is for you to put food on your family." George W. Bush
  • #1,893
  • May 15, 2007 12:58pm May 15, 2007 12:58pm
Marco,

Can you post a screen shot? I'd like to see your set up.

Thanks,

B.
"Skills pay the bill's!"
  • #1,894
  • May 15, 2007 1:26pm May 15, 2007 1:26pm
Here you go Bags..

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"I know how hard it is for you to put food on your family." George W. Bush
  • #1,895
  • May 16, 2007 3:23am May 16, 2007 3:23am
Quoting bagovino
Marco,

Can you post a screen shot? I'd like to see your set up.

Thanks,

B.

What is the final system now????? Can anyone help me here

Thanks
  • #1,896
  • May 16, 2007 6:55am May 16, 2007 6:55am
Quoting MarcoW
Bags..

I use the 30 minute TF and drop down to 15 min for exact entry.

Indicators.. RSI, MA (8), MTF Stoch (8,3,3) FX Sniper Ergodic, MACD (3, 10, 16) and MACD (10,30,10).

When the cross comes, if 4 of the 5 indicators signal "go" I'm in.

When all 5 line up, it's usually time to "load the wagon."

With respect to the MACD's, the bars don't have to be above or below the "water line" but merely breaking above or below the signal line and heading in the direction of the momentum.

Also, install a 200 EMA and observe how price reacts when it approaches it.. the 200 MA is significant in relation to support and resistance situations.

This is not bagovino method. You don't have a single indicator setup the same as Bagovino. Bagovino method uses 5 and 12 ema crossover plus rsi 21 filter long above 50 and short below 50. Why don't you start a different thread if this system has been so good for you? And explain it in the same type of detail as others who start systems.
  • #1,897
  • May 16, 2007 7:05am May 16, 2007 7:05am
Quoting bagovino
Hi All,

I just wanted to start a thread sharing the most successful Forex trading method to date!

I have caused alot of shake ups on other threads due to the domination of my method on their posts so I chose to start my own.

Here it goes... It's quite simple. On a 1 Hr chart, plot 5/12 EMA's. Plot RSI set at 21. When the 5/12 crosses up and the 21 RSI crosses above 50 you go long. When the 5/12 crosses down and the 21 RSI goes below 50 you short.

This method is proven to be at least 85% accurate!

I leave this thread open to any and all improvements. I thank you for your time and I hope this helps you all become more successful traders!!!

Bagovino

Would appreciate an explaination of this bold statement. You have a simple moving average crossover system with an RSI filter to stop some trades in choppy market. What exactly makes this "the most successful FOREX method to date " Now apparently you don't even trade this. Were you originally mistaken? Also , what does 85% accurate mean?
  • #1,898
  • Edited 8:45am May 16, 2007 7:13am | Edited 8:45am
fttraderx..

Wow! Don't often see someone memorialize their comments in writing before carefully checking the facts like this.

Apparently you have a problem with reading comprehension or possibly have not covered all of the material with respect to Bagavino's method, but the fact remains that several of his indicators are in this setup, including the 5/12 crossover, as he instructed. Perhaps, in your zeal and ardor to proffer something intellectually stimulating, you overlooked a post or so..in any event..thanks for the sound and well thought out advice.

Here's a quote from Bagavino himself regarding some of these indicators.. please feel free to check post #1511 at your convenience..

1. Stochastics set to 8,3,3. Only trade it the direction they are in.

2. FX Snipers Ergodic CCI & Trigger. Again... Only trade in the direction it's
in.
3. Put an RSI set to 8 on your chart, and add an 8EMA in the same window on top of it... Amazing indicator. Again, trade in it's direction.

When all 3 of these indicators are going in the same direction and you have a 5/12 EMA cross, you will see the closest thing to the holy grail!!!
"I know how hard it is for you to put food on your family." George W. Bush
  • #1,899
  • May 16, 2007 9:58am May 16, 2007 9:58am
Hi folks!

Can someone be kind to point out were in the forum the lates rules of the system are?

I would appriciate it very much.

Thank you.

/ JoLi
  • #1,900
  • May 16, 2007 11:18am May 16, 2007 11:18am
FtraderX,

You must be new to this thread.... Everytime someone new comes here they pick apart the first post. It's getting old! Get over it, learn the system and see if it works for you. If not find one that does.


Thanks,

B.
"Skills pay the bill's!"
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