Bagovino Method | Page 166 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Bag-it: A successful EA based on the Bagovino Method 554 replies

Fully Customizable Bagovino Method EA 43 replies

Newbie question about the Bagovino Method! 11 replies

"Bagovino Method" VS "Cornflower Hourly System" 16 replies

Mouteki-Bagovino-Vegas-Firebird Movie 9 replies

Attachments: Bagovino Method
Exit Attachments

Bagovino Method

  • #3,301
  • Sep 25, 2008 7:03am Sep 25, 2008 7:03am
On M1 and M5, the significance of the highest point was not obvious (also, re-cross occured much later). But a quick look at M15 and M30 clearly showed that a very juicy Pinbar was formed. Hence, when a re-cross occured, staying in the short trade was easier when keeping an eye on the big picture.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pb m15.gif Size: 18 KB
Click to Enlarge Name: pb m30.gif Size: 18 KB
One Chart is Worth Ten Thousand Words.
  • #3,302
  • Sep 25, 2008 3:05pm Sep 25, 2008 3:05pm
Hi Strada,

What a nice day it was today with EU and GU. Apart from several consolidation periods where "yo-yo" kept hitting SLs.

How do you avoid such "fake" signals like the ones on the chart. There were 2-3 in a row. Loss is not that big, as the previous moves were very profitable, but sometimes you'd have 10-12 bad trades in a row. If they happen before you see any profit, then -100pips is a hard food to chew (let alone swallow). What would you suggest? MANY THANKS!
Attached Image (click to enlarge)
Click to Enlarge Name: gu ranging.gif Size: 27 KB
One Chart is Worth Ten Thousand Words.
  • #3,303
  • Sep 26, 2008 4:20am Sep 26, 2008 4:20am
Quoting Nu2fx
EH

Experiment with this:

nk and let me know let me know.


nu2fx
Nu thanks, I'm gonna test this method next week and have some "visual back test" this w.e. Seems quite good. Do you have a long history of good signals?
  • #3,304
  • Oct 5, 2008 2:12am Oct 5, 2008 2:12am
Hi ya Everyone,

Could someone help me out on the 1hr TF and above as due to my work being to hectic I wish to trade a little less at the moment..
I have been tinkering with the 9RSI over the 21RSI as it seems to give excellent signals on most every instrument over the 1hr TF and above....or have you guys got other ideas on the longer TF's?

Any help appreciated,

thanx,
Adrian
  • #3,305
  • Oct 5, 2008 5:00am Oct 5, 2008 5:00am
Just thought I'd drop in and say how amusing it is to read the very first post in this thread and the very simple instructions written down.....and then turning to the last page and seeing charts posted with so many lines drawn on them that you can barely see the background.
  • #3,306
  • Oct 5, 2008 11:30am Oct 5, 2008 11:30am
Quoting Hissinger
Just thought I'd drop in and say how amusing it is to read the very first post in this thread and the very simple instructions written down.....and then turning to the last page and seeing charts posted with so many lines drawn on them that you can barely see the background.
Disregard those lines. Most of them Fibo lines which I uses for different trading approach (but I keep one chart per pair - I learned what to ignore (indicators/lines) on each TF )

Bago is simple and should stay that way
One Chart is Worth Ten Thousand Words.
  • #3,307
  • Oct 7, 2008 8:45am Oct 7, 2008 8:45am
Quoting aarangio
Hi ya Everyone,

Could someone help me out on the 1hr TF and above as due to my work being to hectic I wish to trade a little less at the moment..
I have been tinkering with the 9RSI over the 21RSI as it seems to give excellent signals on most every instrument over the 1hr TF and above....or have you guys got other ideas on the longer TF's?

Any help appreciated,

thanx,
Adrian
Hi Adrian

Can't help with TFs over 5m/10m but I have compared RSI 14 and RSI 21.
Concluded there is very litttle (no?) difference if it's 50 crosses you use.
If you overlay them they're virtually identical especially if you reset the vertical scales - a few more minor crosses and touches on 14 maybe.
Similarly I think the timing of strong crosses on 9,14,21 willl be visually identical.

Have you really seen an advantage with RSI 9?

A big change for you from 1minute to 1hour TFs!

Eraserhead

How is it going? You've been very quiet of late.

NU2
  • #3,308
  • Oct 7, 2008 10:57am Oct 7, 2008 10:57am
Hi ya Nu2fx,

Thanx for the reply and help on this, I will check it out to see how it goes ..

Yes, a BIG change..because of work being to hectic at the moment to trade the shorter TF's for now....it's a bit wierd coz I can't shake the 1 and 5min TF's bug as they work so well and this longer TF works well I think to but.... it's like waiting for paint to dry now to find a good trade ..well i guess it's as other traders have said the larger TF's give larger pips, as long as your going in the right direction of the trade..

How have you been going with Bago, hope your having good success?

Forgot to say that the Bago works well on just about anything as they say as I have been helping a friend with trading Barclays shares with it and it has performed truely well and put money in his pocket....just another happy little bunny..

Adrian
  • #3,309
  • Oct 8, 2008 3:21am Oct 8, 2008 3:21am
Eraserhead

How is it going? You've been very quiet of late.

NU2[/quote]

Hi NU2!

I'm a newbie so I'm studying a looot. Studying many technicals books. I'm still trading Bago on 1M for fun with mobile phone. I'm learning to trade with trending lines, pivots and stochastic.. My goal is to become a position trader (long period) and mix that way of trade with some scalp on 1M.
Let me tell you, I tried a lot but I don't want to trade all day in front of pc, I like to trade on longer TF and sometimes play with Bago/strada on 1M.
The only problem is that 1M crosses works....let's say 60/65% of the times, so if you trade it occasionally could be very painfull. The biggest thing I've learned from Strada is the Money Management and the discipline. The great thing about Bago is that it is simple, and every method MUST be simple.
  • #3,310
  • Oct 9, 2008 3:23pm Oct 9, 2008 3:23pm
Quoting MarcoW
Eraserhead..

I just dropped by real quick and saw your question about the SL's.

If you are placing a trade after the crossover, proper RSI status and entering just above or below the close of the candle associated with the crossover, you will find that the odds are with you for picking up 8-12 pips..even on 10 min TF.

If, however, you enter and don't have a target in that range and allow price to move wherever the market takes it, then yes, those stops would be foolish.. most likely you would be stopped out a majority of the time.

I have found that by trading multiple lots, moving stops as targets are reached, etc that it works quite efficiently and consistently and that I almost never am stopped out because I have already taken my profit, as
my targets, modest as they are, have been achieved.

I don't need large movements to make good money with this method.

Good luck!
Hi Margo: Thanks for all your contributions, they are excellent confidence boosters. Real quick, from the above post, I can take it you wait until the candle closes on a cross before making trade. Also, do you mind saying what broker you use. Thanks for everythingJim
  • #3,311
  • Oct 21, 2008 10:45am Oct 21, 2008 10:45am
hi guys, still BAGO-ing with some success on 5M time frame. I know, this week is very easy

I'd like to know from people testing this time frame by months (years maybe):

- which is your SL? mine is 20
- after how many pips you move SL to BE? I move after 14 right now.
- which is your take profit scale? I mean, how many lots and which TP? mine right now is 14-20-recross

thanks
  • #3,312
  • Nov 14, 2008 5:24am Nov 14, 2008 5:24am
STRADA ( arrangio, EH, Marco ..and all Bago traders)
are you still out there?

Given the dramatic changes recently which look long term if not permanent, have you changed you trading approach(s):

  1. tighter SLs?
  2. diferent TP levels?
  3. different TFs?
  4. less on-screen time?
  5. more profit??

STRADA are you still on EU, GU, FTSE...1 minute...

R

  • #3,313
  • Nov 15, 2008 6:36am Nov 15, 2008 6:36am
Quoting rorieu
STRADA ( arrangio, EH, Marco ..and all Bago traders)
are you still out there?

Given the dramatic changes recently which look long term if not permanent, have you changed you trading approach(s):

  1. tighter SLs?
  2. diferent TP levels?
  3. different TFs?
  4. less on-screen time?
  5. more profit??

STRADA are you still on EU, GU, FTSE...1 minute...

R

Hi Rorieu,

I'm still on Bago 5M. I'm now on live account with microlots and I'm actually making profits. I use to look to fibs to take profit setup and trendlines to filter some entering. I occasionally work on 1M with some satisfactions but you have to stay in front of the computer for some hours and it is very hard and not easy. You have to make a lot of practice. I sometimes think that it would be better trade on 1M after "Pimping" metatrader setting automatic stoploss and takeprofits. Sometimes you dont have the time to set the takeprofit and the trade comes to BE and you lose a potential profit. On 1M is scalping and I knew a lot of scalpers and they have some "strange" robot which automate metatrader etc...
Anyway I think people are making money on Bago when used with discipline, that's why nobody is writing here anymore
  • #3,314
  • Nov 15, 2008 7:13pm Nov 15, 2008 7:13pm
Quoting eraserhead
Hi Rorieu,

I'm still on Bago 5M. I'm now on live account with microlots and I'm actually making profits. I use to look to fibs to take profit setup and trendlines to filter some entering. I occasionally work on 1M with some satisfactions but you have to stay in front of the computer for some hours and it is very hard and not easy. You have to make a lot of practice. I sometimes think that it would be better trade on 1M after "Pimping" metatrader setting automatic stoploss and takeprofits. Sometimes you dont have the time to set the takeprofit...

I've read this thread through and through. The "method " is changed over and over again. Could someone please tell me , briefly, and as simply as possible, what exactly IS the Baggovino method? I'm fucked if I know.
  • #3,315
  • Nov 15, 2008 8:33pm Nov 15, 2008 8:33pm
Quoting Forex007
Disregard those lines. Most of them Fibo lines which I uses for different trading approach (but I keep one chart per pair - I learned what to ignore (indicators/lines) on each TF )

Bago is simple and should stay that way
Bago is simple? Won't disagree with that.
  • #3,316
  • Nov 16, 2008 3:22am Nov 16, 2008 3:22am
Quoting TheGreatMilenko
I've read this thread through and through. The "method " is changed over and over again. Could someone please tell me , briefly, and as simply as possible, what exactly IS the Baggovino method? I'm fucked if I know.
Hi ya TheGreatMilenko,

The method basically is still the same as the first post ..look for a 5/12 EMA cross with 21rsi going above 50 line and go long....after that it's the usual keep an eye on support and resistance areas for better buying and selling opportunities..

Yes, i think there are alot of different changes within the thread but it is from everyone helping trying to maybe improve it (as in most other threads you read here) however the original first post has always held strong and has been the main bread winner for most people trading this system with success..

Hope this helps,

Adrian
  • #3,317
  • Nov 16, 2008 10:51am Nov 16, 2008 10:51am
Quoting Forex007
On M1 and M5, the significance of the highest point was not obvious (also, re-cross occured much later). But a quick look at M15 and M30 clearly showed that a very juicy Pinbar was formed. Hence, when a re-cross occured, staying in the short trade was easier when keeping an eye on the big picture.

Forex007

What setting do you have your Laguerre's set at? Or could you just post your template and the indys?

Thanks
  • #3,318
  • Nov 16, 2008 11:28am Nov 16, 2008 11:28am
Quoting TheGreatMilenko
I've read this thread through and through. The "method " is changed over and over again. Could someone please tell me , briefly, and as simply as possible, what exactly IS the Baggovino method? I'm f****d if I know.
In its simplest from:

Surprised a moderator didn't caution your language!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Std Bago-Strada.gif Size: 41 KB
  • #3,319
  • Nov 16, 2008 2:23pm Nov 16, 2008 2:23pm
Quoting rorieu
In its simplest from:

Surprised a moderator didn't caution your language!!!
Take profit? Stops? TF?
  • #3,320
  • Nov 16, 2008 2:27pm Nov 16, 2008 2:27pm
Quoting aarangio
Hi ya TheGreatMilenko,

The method basically is still the same as the first post ..look for a 5/12 EMA cross with 21rsi going above 50 line and go long....after that it's the usual keep an eye on support and resistance areas for better buying and selling opportunities..

Yes, i think there are alot of different changes within the thread but it is from everyone helping trying to maybe improve it (as in most other threads you read here) however the original first post has always held strong and has been the main bread winner for most people trading...
Thank you . The first post uses 1hr time frame.Someone called rorieu has posted a chart with a different time frame. Which one is it.?
4 traders viewing now