Bagovino Method

1H on is graph

Bago and i are working on a indicator with 15minutes chart

Greetings!
I trade Forex full-time but I'm a rookie in the forum.

I was intrigued by the Bagovino Method and was curious if it has evolved at all from these original guidelines:

"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.

We follow the 5/12/RSI 30 min. first to the 1 hr Sidus. If the Sidus gives a signal we then follow that systen, if not we exit and wait for a new signal on the 30 min system again. If Sidus continues the trade we drop the 30 min. and trade the Sidus. Now when the Sidus and the 1hr Vegas system meet up we either exit if it doesn't then produce a cross on the 1 hr Vegas or continue with the trade, drop the 1 hr Sidus and follow the 1 Hr Vegas for the duration of the trade.

It's a 3 Phase Trading System!"

Is that still the method? If not, any help from Bagovino or the Bagovino Method veterans would be appreciated. Thanks!

Please disregard my previous post (#1364). I buckled down and did my own homework. Went through the entire thread . . . interesting reading.

Can't wait for Bago's enhancements in the near future.

Keep it coming!

No mistake, you are correct, I closed my trade at the trend line
and bought in again when I saw it got breached.
I am of the opinion that this down trendline will be breached
once again as the gbp follows the major uptrend on the dailiy.
Don't quote me on this
Regards

merlin,
By the way, Bago is on vacation this week! Back on 12/30/06


Just for the the fun of doing so...

Anyone trading Bago's system this evening, 9:24 pm est? 5 ema crossing up on 12 and RSI(21) following close behind at 47.26; RSI(14) at 50.94. I got in on the early signal of the trendline bounce, now being confirmed by Bago.

I was curious how many pairs you guys are watching? I am watching a bunch and Honestly there are always alot of good trade indicators out there on the system. The 5/12 ema with the RSI 21 on the 1 hour... I just wish I could narrow down my trading to the Best few pairs with the most motion. Unless everyone feels watching 12-15 pairings is the best move... I watch basically all break down pairs of usd/eur/gbp/jpy/aud/cad/chf and then nzd/usd I mean some of these basically trend the same as each other, and opposites. Just curious what pairings you guys really focus on. Let me know, thanks!

Cable for me...that's it.

are you on that current gbp/usd upswing going on atm? I was on it for a bit seemed a tad bouncey so I got off but made over a grand on it... So i was pleased! Jumped over to aud/usd and mad another quick grand so good night so far..

Yeah, I was on and my TP got hit while posting in another tread...made money but not quite a grand!!!! That's cool. How are you monitoring so many pairs? Multiple screens? Multiple currencies per screen?

hi guys, I trade bago occasionally, but i trade with the rules of waiting for bar close, you guys are not waiting correct, just wondering if you are taking all crosses, or how are you deciding which ones to take, trading with bar close there was no trade today on pound. Wish I could make a grand, hopefully one day. I want to trade heavy so much when I hear you guys talking like this.

well with the bogo i don't use the crosses like the 18/28... I am not sure if you are talking about that or not. There were 5/12 crosses today plenty of them actually... I monitor all my stuff with 2 computers, but I do intend to get it down to a main 5-7 pairs soon. Also on the flip side of this whole thing, I choose my moves based on how the pairing has done throughout the day, some analysis like bogo and a few other things. then the other part is gut feel and looking at the pairs overall moves throughout the day. I just wager a fair amounts on the trades i am confident in. I find that per month I make around 5-7% on my 100k i trade with... So its pretty good money, but I would never put all my money into it I keep money in money markets and cds also... and houses... random things to make money... thats what its about right?!

thanks for the response,

so when you see a 5/12 cross on hour chart, you dont' wait for bar close, you look at how market is behaving then make a decision,

do you also do this money master, that is not wait for bar close,

are most of the bago traders doing this now, or are some still waiting for bar close.

I've been doing well learning james 16 action for big time frame setups, and am plalying around with bago for some smaller trades.

I'm new to the Forum, and I noticed the Bagovino thread is now almost 4 months old.

How's the Bago method working for some of you who have used it for a while?

Hi all,

Sorry I haven't been around, but I am on vacation until the first of the year. I have some serious snowboarding to do!!!

Merlin, I would love to have a thread for my system. Thank you for the offer. Just tell me what I need to do.

Fr8as, Sabotai, Glad to have you guys aboard. If you need anything just ask. If you have something to contribute... Even better!!!

Some news... As Zeuzere stated, we are working on a 15 min system loosely based on this method but with many modifications and additions. We are still comtemplating it's fate when we are done with it. We'll keep you posted.

AN ADDITION TO THIS SYSTEM.... Try this.... Forget using the Vegas 1 hr template! Instead... Plot a 100 EMA and a 100 SMA to your 1hr chart. When the 100 Ema crosses above the 100 Sma and the RSI 21 is over the 50 line, take long trades only! When the 100 Ema crosses below the 100 Sma and the RSI 21 is below the 50 line, take only short trades!
This is an amazing addition which is sure to help your trading 10 fold by giving you more concise entries. Remember, make sure the 4hr RSI 14 is on your side as well!

Good Luck in the New Year!!!

Bagovino

Hi Again,

I just wanted to ask you all for your feedback on using the 100 EMA/SMA technique.


Thanks,

Bago

Hi Again,

Just posting away to make up for lost time here.

Anyway, after further evaluation of the 100 EMA/SMA technique I realized it may keep you out of some great trades. It is far better to use the 21 RSI as a guage.

If you'd like the 100 EMA/SMA can be used for smaller scalps or adding to your position as follows: Continue to use the Bago Method as is. Add the 100 EMA/SMA. Take a position as you normally would. Add a 6 EMA to your charts as well as the 5/12 ema. So now you have 5/6/12 EMA. The idea is simple. When 100 EMA is below the 100 SMA you short when the 5EMA crosses below the 6EMA. When the 100 EMA is above the 100 SMA you go long when the 5EMA crosses above the 6EMA. This is an excellent system to add to your current position or take quick "Safe" scalps.

Let me know how you find this system works for you!

Bago

thanks a lot bago... I dont post so much but i have been reading this post from the start and it is very didactic.

Happy vacations and you dont have idea how i envy you...snowboarding?? here we are facing temperatures that you can frie an egg in the street in 5 secs.

Bago

It's good to see you're back.

There have been several big changes and additions (and sudden retractions!) to the "Bago method" of late.

I think it's time for an updated summary of the current preferences and recommendations please.

Also are we looking at one new method (M15) on this thread with Zeuz AND a second (also M15) from the other thread 'Bago needs an EA programmer' or are they both referring to the same thing? I'm confused. And concerned at the amount of experimenting and tested needed to evaluate new method(s). The sooner we start the better.

R