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Bagovino Method

  • #1,941
  • May 21, 2007 1:22pm May 21, 2007 1:22pm
Chris..

Here's what I've also found in using this system..

nothing particularly novel here, but if you spot a bull flag or bear flag after the first substantive crossover move,and price has retraced to the 20EMA, and the ADX reading is at 30 or above, you can usually add to your position after the break of the flag and pick up additional pips on a consistent basis.
"I know how hard it is for you to put food on your family." George W. Bush
  • #1,942
  • May 21, 2007 1:33pm May 21, 2007 1:33pm
One more thing.............I think the BBANDS work better on the shorter time frames 5/15.
  • #1,943
  • May 21, 2007 1:34pm May 21, 2007 1:34pm
I will watch for that Marcw. thanks for the info!
  • #1,944
  • Edited 9:24pm May 21, 2007 4:45pm | Edited 9:24pm
Quoting Todd_Ianuzzi
Is this it..... http://www.forexfactory.com/showthread.php?t=14660
Thanks to Todd, I now have that precious Linear regression indicator which I will test and give you a report soon when I combine it with the other indicators of this method. Meanwhile, I invite you to read the following brief description of the Linear regression indicator :

Unlike a Moving Average, the Linear Regression Indicator does not exhibit as much delay. As the Linear Regression Indicator is fitting a line to the data points rather than simply averaging them, the Linear Regression line becomes more responsive to changes in prices. The Linear Regression Indicator can be thought of as a forecast of the tomorrow's price plotted today.
  • #1,945
  • May 21, 2007 7:50pm May 21, 2007 7:50pm
First Post!

I just wanted to add how great this method is. Thank you to Bago and all of you for the contribution of knowledge ...

My current setup is as follows:

8 SMA
5 EMA
12 EMA

RSI (8) =>MA(8)
Sniper 2,(7),5,3 =>Volumes

My only real crutch is not pulling the trigger until the 1h confirms.. I'm just more comfy that way I guess.

Ill be reading everyday, thanks again everyone..
USD Est Non Mortuus
  • #1,946
  • May 21, 2007 10:26pm May 21, 2007 10:26pm
Quoting LuckyLurker
First Post!

I just wanted to add how great this method is. Thank you to Bago and all of you for the contribution of knowledge ...

My current setup is as follows:

8 SMA
5 EMA
12 EMA

RSI (8) =>MA(8)
Sniper 2,(7),5,3 =>Volumes

My only real crutch is not pulling the trigger until the 1h confirms.. I'm just more comfy that way I guess.

Ill be reading everyday, thanks again everyone..
Hi, I am somewhat new in this thread, actually I was trading this method with original rules since 2 or 3 of weeks and just found out that there is a 3rd MA setting and couple of additional indicators. can you please give me the post where this settings are explained.
in addition, if you don't mind, can you please tell me how can I set RSI with MA?
Thanks in advance

Best regards
  • #1,947
  • May 21, 2007 11:43pm May 21, 2007 11:43pm
What's the verdict on this thread? I've been around for a while and read every post since the start. There have been many suggestions, variations and updates since the original 1hr. 5\12 cross, RSI 21 over\under 50 line.

What's the verdict??? Bago dropped the new 30 min. with 3 indicators a while back, has anybody had a better experience with that revision over the original?

What is the bago method as of this moment? If someone were to ask me what systems I like on FF, I would say Bagovino.... what is it?...I have no idea would be my answer. Sorry! I knew what it was when it started....

It would be really great if we could try to narrow this method down to a easy to use and understand system (like the original) and have a variation for short term charts.

LuckyLurker and Toti1972 prove this thread is all over the place!

Just my 1.5 cents! and that might be .5 too much...
  • #1,948
  • May 22, 2007 1:24am May 22, 2007 1:24am
Quoting Todd_Ianuzzi
What's the verdict on this thread? I've been around for a while and read every post since the start. There have been many suggestions, variations and updates since the original 1hr. 5\12 cross, RSI 21 over\under 50 line.

What's the verdict??? Bago dropped the new 30 min. with 3 indicators a while back, has anybody had a better experience with that revision over the original?

What is the bago method as of this moment? If someone were to ask me what systems I like on FF, I would say Bagovino.... what is it?...I have no idea would be my answer. Sorry! I knew what it was when it started....

It would be really great if we could try to narrow this method down to a easy to use and understand system (like the original) and have a variation for short term charts.

LuckyLurker and Toti1972 prove this thread is all over the place!

Just my 1.5 cents! and that might be .5 too much...
It is getting a little crazy but, I like a couple of the revisions.
Like the 8,5,3 Stoch. Nobody really mentions it much but, I think
FX Sniper's is still solid! I don't care for too many MA's myself.
The 5/12 seem fine. And I really still like the RSI w/ EMA, too.
That's still the Bago set-up that I know and love!

As far as collectively checking out whatever we wake up
thinking about in the middle of the night: why not?
If only 1 in 100 ideas pan out: Great!
We could come up with an application with say,linear regression
lines that might just really work great!

So, what setup do you like best at the moment, Todd?
Inquiring minds want to know!

Oh, yeah...How about Bago?


FXS
  • #1,949
  • May 22, 2007 1:27am May 22, 2007 1:27am
Quoting winsteadglenn
My new setup includes:
8/5 cross, but both on close. Big arrows with alert.
shi dots (find 159 in code and change to 108 for huge dots)
stoch 8,5,3 (nice, Chrisbedo)
Sniper 2,7,5,3 (thanks for new settings, LuckyLurker)
8 EMA/ 8 RSI and
20 SMA/8 RSI (visually almost the same,but often more clear) Thanks to Taxgeek on Forex Fisherman Tlatomi thread.
Advanced ADX period 13 (just red and green bars)
Wattah Attar Trend (not explosion version)(more red and green bars)
Woodie CCI Lynx Sky by Linuxser (see Skydart in forex-tsd.com) for XPMA colors. (more red and green bars)
Last three will all be same color for strong move.
Bunch of stuff, but sweet layout, and visually very easy to read.
Glenn
sound too complicated.....

does this whole indocators really give you a nice view of the next price move ??
Every moment in the market is unique
  • #1,950
  • May 22, 2007 3:05am May 22, 2007 3:05am
Damn,

This method got too complicated... It is not what I originally intended! Lets do this.... EVERYONE introduce your most reliable part of the system and we'll all put it together to make the ultimate Forex System ever!!!

B.
"Skills pay the bill's!"
  • #1,951
  • May 22, 2007 3:09am May 22, 2007 3:09am
Quoting toti1972
Hi, I am somewhat new in this thread, actually I was trading this method with original rules since 2 or 3 of weeks and just found out that there is a 3rd MA setting and couple of additional indicators. can you please give me the post where this settings are explained.
in addition, if you don't mind, can you please tell me how can I set RSI with MA?
Thanks in advance

Best regards
MT4 users just open navigator panel (ctrl + N) and under the indicator list drag the MA onto the RSI chart. From the options choose (Apply to: First Indicator's Data)

Its purpose? It indicates a direction change and gives me a heads up that a signal is coming.

Regarding the method.. I think it all comes down to what you are most comfy with. Follow the signals from previous sessions, change the settings around and test how it effects the signal. It really all comes down to what you are most comfortable with...
USD Est Non Mortuus
  • #1,952
  • May 22, 2007 3:15am May 22, 2007 3:15am
Quoting bagovino
Damn,

This method got too complicated... It is not what I originally intended! Lets do this.... EVERYONE introduce your most reliable part of the system and we'll all put it together to make the ultimate Forex System ever!!!

B.
I don't have much time to trade smaller time frames but I have followed this thread since it evolved from the Sidus method.

In my opinion it was at it's best with the original setup on the first page of this thread, combined with the Vegas 1 hour fibs.

Seems as though too much has been added to try and filter out trades but it's just complicated things.

Just my opinion but go back to the start and keep it simple.
  • #1,953
  • Edited 4:02am May 22, 2007 3:37am | Edited 4:02am
Quoting bagovino
Damn,

This method got too complicated... It is not what I originally intended! Lets do this.... EVERYONE introduce your most reliable part of the system and we'll all put it together to make the ultimate Forex System ever!!!

B.
See post title for my whole system.

Well, okay. Wait for a TOD with some trading activity
for the pair you're looking at. But, otherwise, that's it.

On that topic, no matter how good the trend following
system, if you try to trade a nearly dead time period
it's futile! Bago's mentioned best times to trade before.
Maybe we should establish this so that we're not trying
to build a system which will work in dead trading hours.
Just my opinion!

FXS
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  • #1,954
  • May 22, 2007 4:15am May 22, 2007 4:15am
Ive read thru this thread and am lost now, It moved a long way away from the original method.
Is there a new method or is it still the original?
  • #1,955
  • May 22, 2007 4:22am May 22, 2007 4:22am
Hi Bago

Like some others have quoted before on here the original was the best and never needed fixing. After saying that I have to admit that I don't use the hourly but I believe the method is good enough to be used on any TF. My slightly amended version is below and it makes lots of pips every day:

TF - 10 min
EMA - 5/12
RSI - 21

5/12 cross and RSI cross of 50 and that's a signal but use some discretion and common sense plus avoid the news.

strada

Quoting bagovino
Damn,

This method got too complicated... It is not what I originally intended! Lets do this.... EVERYONE introduce your most reliable part of the system and we'll all put it together to make the ultimate Forex System ever!!!

B.
  • #1,956
  • May 22, 2007 4:28am May 22, 2007 4:28am
Quoting bagovino
Damn,

This method got too complicated... It is not what I originally intended! Lets do this.... EVERYONE introduce your most reliable part of the system and we'll all put it together to make the ultimate Forex System ever!!!

B.
Bago, I thought few days ago you will release the new method with some tune based on Chrisbedo's way (partially)?
  • #1,957
  • May 22, 2007 9:04pm May 22, 2007 9:04pm
Quoting bagovino
Damn,

This method got too complicated... It is not what I originally intended! Lets do this.... EVERYONE introduce your most reliable part of the system and we'll all put it together to make the ultimate Forex System ever!!!

B.
I follow the thread but it has been changing so much it is just guess work now. I went to the 5/13/62 rob booker method.

generalz
  • #1,958
  • May 22, 2007 10:38pm May 22, 2007 10:38pm
Quoting generalz
I follow the thread but it has been changing so much it is just guess work now. I went to the 5/13/62 rob booker method.

generalz
See below E/$ movement being identified as I write this by both
new and old Bago setup's for anyone who wants to take the trade!
Seems like someone's previous guess work paid off.
Both original and recent versions are still around. Where could they go?

Bago is legit. So is 5/13/62.

Here's what I don't get: Why can't the threads involve the processes
of research and development? How else can they improve?

Take Strada's post above: He trades his version of the old Bago,
checks in on the thread, contributes and takes what works for him.
Awesome! What else is the FF for? Oh yeah I forgot....finding the Holy Grail.

See ya
FXS
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  • #1,959
  • Edited 1:27am May 23, 2007 12:39am | Edited 1:27am
Quoting FXSurfer
Bago is legit. So is 5/13/62.
Ok... When I started about 18 months ago my forex mentor told me to trade the 5-13-62 on a 10 chart and only trade in the direction of the 4 hr. chart. And only trade the GBP\USD! This was great advice and I learned a lot! I also agree with the only trade one pair theory! Hell, the GBP\USD is an indicator! everything else follows it up and down. (Just my opinion) I feel I'd rather master one pair or try to at least! then get confused looking at 10 pairs or two for that matter. (Just my opinion). The biggest mistake I made trading so far has been, not trading with a partner or two, all trading the same system and using six eyes and three brains to lock in on one pair. Like going to work! What are we talking about today boys??? like FF, but more personal with free phone calls and text chatting on the computer with skype. Bam, now your cookin and talking! It got boring sitting and staring at charts while I was waiting for the 5\13 to cross the 62 or a bounce, seemed like forever some days. I always watched the 5 crossing the 13 and was like, damn! why am I not in this? then one day feeding myself on FF reading, I ran across the Bagovino method. Bingo! this is what I've been looking for. Whats really the difference between 12\13??? not much really. (Just my opinion) I first learned how great the 62ema is and the Bago worked sweetly with it. Thanks to Tikin I'm now a 200ma fan too! I also think more than one monitor is a big advantage! (Just my opinion) I also look at the original one hour along with the 4hr and daily. I look at the daily to see where price is compared to the previous day. I could never figure out why the market just took off all of a sudden. then I started watching the daily and seen the same moves happening and it was because it just borke the previous days hi or low. (Just my opinion) I also love S\R lines, daily pivot and Andrews pitch fork and Hull MA! The more I use it the more I like it! I'm just learning about price action, that sounds like good stuff!

(Just my opinion) about this thread... I think it should stay the original way
it was found 1958 posts ago. Nice and simple! then work a few things out.

1. When to trade the 1 hr. (Just my opinion) Volume moves the market. theres only a couple times in a 24 hr. period theres heavy volume. London open and NY open and some time before and after these times. If theres no significant news the market goes limp and starts ranging. I read here on FF " like Newton said...In order for something to move, there has to be a reason." Something like that??? I'm with that! You can trade days with no news, but use caution! hard for runs with no gas. (Just my opinion)

2. Have a short term time frame chart (Same System) for those times we have significant news and are trading the major opens creating higher volumes. Faster chart!

3. If there really are indicators to make the origanal better, have a RnD discussion. Great idea fxSurfer. I think the core system that brought most of us here should stay. (Just my opinion)

Dont put anything I mentioned in this post on your charts and think it's the NEW bago setup!!!!

I'm still learning everyday!!! and trying things I read right here on this thread! One day I'll stop trying things and make some $$$

Theres another 1.5 cents, Sorry for those who want change...

Remember (Just my opinion)
  • #1,960
  • May 23, 2007 1:30am May 23, 2007 1:30am
Quoting strada
Hi Bago

Like some others have quoted before on here the original was the best and never needed fixing. After saying that I have to admit that I don't use the hourly but I believe the method is good enough to be used on any TF. My slightly amended version is below and it makes lots of pips every day:

TF - 10 min
EMA - 5/12
RSI - 21

5/12 cross and RSI cross of 50 and that's a signal but use some discretion and common sense plus avoid the news.

strada
Hi Strada could you please tell us which pairs you are tradeing and which platform do you trade with the 10 min TF also what amount of pips are you getting and how long have you been tradeing the method for sorry for all the questions but it would be really helpfull

With many thanks
David-T
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