Newbie question about the Bagovino Method! | Forex Factory

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Newbie question about the Bagovino Method!

  • #1
  • First Post: Nov 30, 2006 9:13pm Nov 30, 2006 9:13pm
Quoting bagovino
Hi All,

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!

Bagovino
I just had a couple of questions:

1)What does EMA stand for
2)What does the 5/12 mean
3)What does going long and short mean
4)Whats a SMA
5)Does this method actually work

THANKS IN ADVANCE!
  • #2
  • Nov 30, 2006 9:18pm Nov 30, 2006 9:18pm
1)What does EMA stand for
Exponential Moving Average
2)What does the 5/12 mean
the 5 EMA and The 12 EMA
3)What does going long and short mean
Long is Buy, SHort is Sell
4)Whats a SMA
SImple Moving Average
5)Does this method actually work
IT may - But you got a long (meaning distance) way to go before you should try it. Good Luck


Quoting baller87
I just had a couple of questions:
In trading, there is no bullshit. You either make money or you don't.
  • #3
  • Nov 30, 2006 9:20pm Nov 30, 2006 9:20pm
thanks a lot i think your right i should try the newbie trading systems before tackling this, thanks again for a quick reply!
  • #4
  • Feb 13, 2007 6:21am Feb 13, 2007 6:21am
Quoting baller87
thanks a lot i think your right i should try the newbie trading systems before tackling this, thanks again for a quick reply!
And may i know which newbie trading system/s you are going to try?
  • #5
  • Feb 13, 2007 8:01am Feb 13, 2007 8:01am
Quoting baller87
I just had a couple of questions:

1)What does EMA stand for
2)What does the 5/12 mean
3)What does going long and short mean
4)Whats a SMA
5)Does this method actually work

THANKS IN ADVANCE!
All of these questions and more would be answered if you look at the thread. I like the method and it does work. Bagovino is a great guy too!

For a new guy, do a search (left side) for Rob Bookers 5/13/62. Very good system to start off with. He is another great trader.

Good Luck!
  • #6
  • May 18, 2007 1:39pm May 18, 2007 1:39pm
Quoting WHTenn
All of these questions and more would be answered if you look at the thread. I like the method and it does work. Bagovino is a great guy too!

For a new guy, do a search (left side) for Rob Bookers 5/13/62. Very good system to start off with. He is another great trader.

Good Luck!

FYI...learn Rob Bookers 5/13/62 system of the two. Bagovino thread is good, but it is all over the place. Discipline is key and Bag system is a moving target. There is something to be said for trying to improve a system but eventually you have to commit. The 5/13/62 can get you where you need to be. I have added an 8 RSI to Robbookers system, the idea came from Bags thread.

generalz
  • #7
  • Jun 9, 2007 12:28pm Jun 9, 2007 12:28pm
Could somebody teach me how to create ema 5/12?

Thanks.
  • #8
  • Jun 9, 2007 4:39pm Jun 9, 2007 4:39pm
Check it out, bra!

http://www.forexfactory.com/showpost...postcount=2168


FXS
  • #9
  • Jun 9, 2007 11:33pm Jun 9, 2007 11:33pm
Thanks bro.
  • #10
  • Jun 10, 2007 10:55am Jun 10, 2007 10:55am
Quoting samsurfer
Could somebody teach me how to create ema 5/12?

Thanks.
If you still need to know about the 5/12:

Insert>Indicator>Trend>Moving Average>Parameters>Period=5
MA Method=Exponential.
Repeat for 12.

Also go here for more info (look here to learn to install the Bago
template on my post):

http://www.forexfactory.com/showthread.php?t=7637

Let us know if you need more help!
Enjoy!

FXS
  • #11
  • Nov 13, 2007 7:57am Nov 13, 2007 7:57am
thanks all
  • #12
  • Last Post: Feb 7, 2008 1:04am Feb 7, 2008 1:04am
Where is everyone.
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