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Bagovino Method

Quoting bagovino
Susan,

GBP/JPY is my favorite.... I've tried them all! I would say 75% of my trading is GBP/JPY, 15% EUR/JPY, 5% EUR/USD, 5% GBP/USD.



Bagovino
Hi Bago,

I've just started trading GBP/JPY and it really is working well for me, with your indicator.

I like to know what your TP and SL are for this pair (i'm using 15M) and also, what do you look out for to EXIT a trade? Also, I noticed sometimes I've had to pre-empt a movement as by the time the lines cross, it may just be too late.

I have MACD 5,13,1 setup to help me make a decision, i.e. is it going to change trend or continue trend.

Thanks
Hi Oshioyi

Looking at your set up, I have a trade called at 1.45am BST on £/Y

I dont use MACD, but I use CCI and DMI which has an element of ADX built in. These were all positive for the trade

It signalled at 239.73, and showed first signs of exhaustion around 240.20

A 10' TF Bago would have still been good, but the stop allowing for around 8 pip spread would have needed to be at least 40 pips

I think that stop is fairly indicative of the type needed to trade this pair in the timeframes we are looking at - maybe even a minimum?

Gwaihir
Quoting Peacelover
I can understand your point of reading the 2250 and growing replies. But think of it in a logical way. There is too much information to grasb over here and beside what you started it totally different now. The is so much extra unwanted information and indicators in this thread that a new person is bound to get confused. Reading the whole thing will not make a person a successful trader. I think you are due to open a new thread with the latest method. If you have a problem in starting it let me know I will do it. But i dont know what your latest methord is honestly.
Peacelover, I think you are missing one of the most valid points for not starting a 10min thread. All the info for bago's method is on here and yes it's a lot of pages but there are a lot of people around here making a lot of money with bago's method, they don't do that by reading one or two pages of a ready made system which is what you appear to be looking for.

Not everyone uses the 10min, indeed some of the most valued contributors use other TF's. We cannot afford to lose their input because a 10 min thread probably won't appeal to them.

And there is another very valid point you seem to be missing. Bago is not about 10 mins, it's about the crosses and any other indicators you may wish to use. Perhaps we should also have new threads for bago's ADX, HAS etc.

The point that bago made about reading the thread is absolutely spot on. If you want to get somewhere with bago's method and there are enough people on here, including myself, making sizeable returns from it who are testament to the fact that his method works then you have to spend some time on the thread otherwise you will have no understanding of it. Without that you will undoubtedly fail to benefit from it. If people don't want to invest a bit of time on the thread reading up on it then they might be better off spending a few more thousand on some more courses, seminars, books, mentors etc.. I'll bet there are a few people on here who have already done all this and where did that get them? Well they're on here now making money with bago's method, that's your answer.

From a personal point of view I'd like to make my position absolutely clear. As many of you know Marco and I were instrumental in helping bago to realise the benefits of his method on the shorter time frames. We have both helped a lot of other people in the Bago community to get to grips with it and hopefully this has brought better understanding of it all and increased returns. I am more than happy to continue doing so, but I will be doing it on here, this is where it's at, this where it started and this is where it continues.

You say you will start a new thread yourself which you won't for two reasons. Bago made it quite clear he will not condone anyone starting a new thread on his method. You clearly stated you don't know what the method is.

strada
Quoting gwaihir's wings
Morning everyone

Tks for the reply strada...
I run tradestation so my feed may be different to your own
I certainly had signals at BST times different to yourself unless you quoted GMT

Just a thought for those of you that are live from the Asia open...do you find that the lack of volatility with respect to when Frankfurt and London opens can actually work in your favour?

I've heard all sorts of stories about how we need volatility and volume, and certainly with stocks which I also trade I agree, but it takes much less to move a currency in the Asia session than say London, and without the mass of money moving in the opposite direction...just look at this mornings 10' TF on £/$...good move and fair targets met using Fib extensions

I think that would have had a much tougher time in the London session...
Yes London can give you massive moves if you get on them at the right time, but I have found that those massive moves are quite well flagged through the Asia sessions

Just a thought, you more experienced traders may put me right on this one

Cheers Gwaihir
Morning Gwaihir

Yes, you're right of course about the signals we discussed yesterday, I was referring to an earlier signal in my post to you. Apologies for any confusion.

I think the point you make about the asian session is very often the case. On numerous occasions I see great trading signals early on in the asian and then they wind their merry way through the session without a lot of the bumps on the way, nice and gentle, nothing more than patience required. Indeed, last night on GU there was a good signal and during the course of the session a relatively painless 50 pips could be made.

Do you trade the asian session?

rgds, strada.
Fellow Traders,

After testing the Linear regression on Bago 15M, I come to the conclusion that it is better than the EMA but the time frame is just too short for precision (works very well on the 4H GBP swing system). Not wanting to be critical but facing the fact that after a few years trading, you often want to spent less time in front of the screen and the Bago is just to time consuming as it needs a lot of attention. As for most trend following systems, Bago does well when the market is trending but not as good when it does not and that is normal and is the basic flaw of most trend following system that relly on strong market movement to signal; however, it also evantually signals on slower market.

I would also come to the bold conclusion that the winners in here have a very strong mind set that would make them winners on most systems. Your mind is much more than 50% of the cause of success and failure. For this reason, the same system will produce results ranging from bankrupcies to record profitability depending which mind is at the wheel. On the other hand, I think the Bago system using the 1H gave more consistant results but it is still a trend following sytem. I think that many traders and the market are slowly migrating to passive trend systems where you have no choice but to stay in much longer to make a profit and it is in fact safer. Basically systems that do not relly so much on momentum, exemples would be fibo based, pivot point break swing or the very promissing Fozzy daily system. 5 years ago the market was much more volatile than today's market and it was easier.

I was recently mentionning the sytem of a friend, champion trader, that has not lost a trade in ages but he stays in for as long as it takes until profit comes to him

If you are interested please read post 692 at:
http://www.forexfactory.com/showthre...=19867&page=47

This actually could be a great thread where experienced traders could built a futurustic no loss trading system in a relaxed mid to long term environment.

Please do not take this post negatively has it is not intented in that frame of mind.

Best to all
This systems started of with 2 MA's and the RSI at 1H timeframe.... clear rules and no mess up.

Can someone please help me out by explaining what indicators (and settings) to use and wich timeframe?
At least point out the correct post in this thread were the rules and wich indicators to use is clearly viewed.

Regards / JoLi
Quoting jolimoney
This systems started of with 2 MA's and the RSI at 1H timeframe.... clear rules and no mess up.

Can someone please help me out by explaining what indicators (and settings) to use and wich timeframe?
At least point out the correct post in this thread were the rules and wich indicators to use is clearly viewed.

Regards / JoLi
Hi Joli

The original method you outlined above still works, many people are still using it and making profits. The thread currently is focusing on a shorter TF and along the way since the inception of the thread there have been many suggestions for other indicators, adaptations etc.

If you go back to page 145 bago outlined his thoughts and trading preferences using a 10 min TF but please bear in mind you can set a TF to suit yourself with the method. Also if you go back to page 101 bago outlined a 30 min method. Take your pick Joli, it's all on here.

good luck with it all, strada
Strada:

I thank you kindly for your recap about this method.

As i can understand then, the rules and the indicators uesed at the first post describing this system is the most profitble set-up?

I think a set-up with to many indicators will hold you out of trading more then it will give you profitably trades.
I do like the ADX...

Well well... i thank you once again Strada for you reply.

/ JoLi
hi every1

i am totally new to this forum (but not forex) and have to say its the best i have seen! very informative.this bagivino method is a real money maker although i tweaked it a little.my question is (maybe a stupid one) ,i would like to use HAS smoothed indicator as shown somewhere about page 145- i think,where you could see all time frames at once.when i put this indicator on my mt4 it just showed red and blue candels.i attached a picture.i am not too familiar with mt4 or just downloaded a wrong version,no idea.any help greatly appreciated.thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 101 KB
Quoting TiKin
Fellow Traders,

After testing the Linear regression on Bago 15M, I come to the conclusion that it is better than the EMA but the time frame is just too short for precision (works very well on the 4H GBP swing system). Not wanting to be critical but facing the fact that after a few years trading, you often want to spent less time in front of the screen and the Bago is just to time consuming as it needs a lot of attention. As for most trend following systems, Bago does well when the market is trending but not as good when it does not and that is normal and is the basic flaw of most trend following system that relly on strong market movement to signal; however, it also evantually signals on slower market.

I would also come to the bold conclusion that the winners in here have a very strong mind set that would make them winners on most systems. Your mind is much more than 50% of the cause of success and failure. For this reason, the same system will produce results ranging from bankrupcies to record profitability depending which mind is at the wheel. On the other hand, I think the Bago system using the 1H gave more consistant results but it is still a trend following sytem. I think that many traders and the market are slowly migrating to passive trend systems where you have no choice but to stay in much longer to make a profit and it is in fact safer. Basically systems that do not relly so much on momentum, exemples would be fibo based, pivot point break swing or the very promissing Fozzy daily system. 5 years ago the market was much more volatile than today's market and it was easier.

I was recently mentionning the sytem of a friend, champion trader, that has not lost a trade in ages but he stays in for as long as it takes until profit comes to him

If you are interested please read post 692 at:
http://www.forexfactory.com/showthre...=19867&page=47

This actually could be a great thread where experienced traders could built a futurustic no loss trading system in a relaxed mid to long term environment.

Please do not take this post negatively has it is not intented in that frame of mind.

Best to all
Tickin,

I don't recall anyone asking for another method because this is just another trend following system. I dont have the problem you stated my method has in a ranging market. I'm making profits everyday as many others on here do.

Feel free to start your own thread for your method, but don't come here to solicit.

Bagovino
"Skills pay the bill's!"
The way I use Bago Speed method is that I look for chart patterns and trade breakout. On 10min time framing you can easily spot them and by using the system it helps you to keep out of the bad (ranging) trades. At least it works for me. Also after the news there is a good opportunity to spot the possible direction. Pivots are also a great help.

LostFX
"All good things come to those who wait..."
steven

I like the HAS also but had not played with it much.
When I put it on the 10 min chart I notice it changes colors very close to the same time the 5/12 cross and the RSI21 crosses.

Im with ya bago this system preforms very well in both markets. There is a time of day when you can expect more from it like UK and US sessions.

I like it because there is not a lot to wait for just a couple indications and you have your signal.

Thanks Bag definately one of the solid preforming systems!
Quoting bagovino
Tickin,

I don't recall anyone asking for another method because this is just another trend following system. I dont have the problem you stated my method has in a ranging market. I'm making profits everyday as many others on here do.

Feel free to start your own thread for your method, but don't come here to solicit.

Bagovino
Don't come here to solicit.... you are kidding right ? LOL . They all said the earth is flat and that was it; don't we need to think outside the box a little ? as trend following systems are slowly but surely becoming less and less efficient. Otherwise would there be needs to add indicators over indicators over more indicators.... I think not.

I am not saying your system is not good but you have to admit there are far more effective systems and methods. I am simply saying that the time are changing and so are the market and we need to adapt. A senior trader is able to take a little heat, I mean Gee Wizz don't be so fussy Bago, it is only a game after all.

Peace be with you

I just thaught about posting a screen shot of open positions of a long term system (now at +30 % of that account just with this trade would I close it), to show you the power of long term, now that would be soliciting if I would want to have the prestige of my own thread but I leave that to you as I truly sense that you enjoy it. Would certainly like to see something of the kind from Bago himself.

Remember that I am very positive but a little debate has always been productive in my experience. I also like you Bago and have respect for you.
Attached Image
Man, I took the 1 hour down on the USD/JPY cross earlier tonight and came back and was stopped out. I hope some of you guys picked it up on the reverse it just took flight.
@ strada

hi, how were ur trades this week? i'll like to know how u handled mon and tue when u have so many bag signals yet no major movement.

especially since u r about the only person who uses no other indicator as filter n ive discoveed u follow the rules to the letter most of the time!

thanks for ur insight.
Quoting TiKin
Don't come here to solicit.... you are kidding right ? LOL . They all said the earth is flat and that was it; don't we need to think outside the box a little ? as trend following systems are slowly but surely becoming less and less efficient. Otherwise would there be needs to add indicators over indicators over more indicators.... I think not.

I am not saying your system is not good but you have to admit there are far more effective systems and methods. I am simply saying that the time are changing and so are the market and we need to adapt. A senior trader is able to take a little heat, I mean Gee Wizz don't be so fussy Bago, it is only a game after all.

Peace be with you

I just thaught about posting a screen shot of open positions of a long term system (now at +30 % of that account just with this trade would I close it), to show you the power of long term, now that would be soliciting if I would want to have the prestige of my own thread but I leave that to you as I truly sense that you enjoy it. Would certainly like to see something of the kind from Bago himself.

Remember that I am very positive but a little debate has always been productive in my experience. I also like you Bago and have respect for you.
Please do not let me embarrass you in front of the whole Forex Factory website. I will let you take your small shot at me and let it be. If I posted my financials you'd cry!!!

Like I said... If you don't like it here leave! No one asked for your input. Please advise... start your own "SUCCESSFULL" thread!

Bagovino
"Skills pay the bill's!"
Before anyone trades this method live, I strongly suggest that you backtest it.
Quoting Mongoose
Before anyone trades this method live, I strongly suggest that you backtest it.
It's a trading method. How can you?

Also: Why?

Have a good one!

FXS
Quoting geezng
@ strada

hi, how were ur trades this week? i'll like to know how u handled mon and tue when u have so many bag signals yet no major movement.

especially since u r about the only person who uses no other indicator as filter n ive discoveed u follow the rules to the letter most of the time!

thanks for ur insight.
Morning Geezng

Monday was difficult, I'll go through my trades and a bit of comment so apologies for llikely length of post. (all times UK)

6.00am GU buy; After 7.00 there were several sharp down bars which mostly closed near their highs and although there had been a reverse signal price didn't worsen so I doggedly stuck with the original trade and closed it just before the news at 9.30 for +10.

6.20 EJ buy; After 7.00 price dipped and formed a reverse signal, didn't want to risk this as well as GU so exited for -16. Didn't enter the reverse trade.

7.00 UJ Sell; Reverse signal on the 9.00 bar and reversed the trade. -6

9.10 Uj Buy; typical UJ, bumpy ride bu gradually rose in price. Closed at 5.30 for +10.

9.20 EJ buy; This one also required a lot of patience, closed it at 5.30 for +20.

11.20 GU sell; When I entered this trade I'd decided that if price didn't break the previous lows then I would exit at best price. Price didn't break after 2 attempts so I exited at 12.40 for -3.

Yesterday:

6.10am EJ sell; long wait for profits, bumpy ride again but profits in the afternoon - 30, 40 & 30 (at 5.30) = +33 for trade

7.30 UJ buy; After various failed attempts to break 12185 exited for +10

11.20 GU buy; closed at 5.30 for +9

Today there was a signal on GU at 7.00 but it was right up against 9750 so waiting for it to penetrate that first.

strada
I am not sure I understand your question FXSurfer, are you asking how to backtest? There are a number of platforms avalible including Tradestation (my favourite), Metastock and so on.

Backtesting is like having a map, it gives you a rough idea of which direction you are heading, how much gas you will need, distance between stops.

In trading terms, it tells you if the system is profitable, how much $ you will need to trade the system, and days flattime etc.
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