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Bagovino Method

  • #1,761
  • Edited 5:30pm Mar 25, 2007 4:58pm | Edited 5:30pm
Quoting bagovino
maihua,

Can you post that RSI indicator you have on yor chart? Looks interesting.


Thanks,

bag

I believe it's the RSI-TC.
Attached Image
  • #1,762
  • Mar 25, 2007 5:01pm Mar 25, 2007 5:01pm
.
Attached File(s)
File Type: mq4 RSI-TC.mq4   5 KB | 541 downloads
  • #1,763
  • Mar 25, 2007 5:34pm Mar 25, 2007 5:34pm
Quoting Ducati
I believe it the RSI-TC.
Thanks for sharing the "A 13 with a 7,21 can also be used", following the trend on different time frames is the key as Bagovino has stated.

Cheers to you all!
  • #1,764
  • Mar 25, 2007 11:45pm Mar 25, 2007 11:45pm
Quoting bagovino
Ok... Although I never really mentioned it before, I'm a big fan of multiple time frames. What I mean by that is looking for two (or more) time frames telling the same story. The problem I encountered was which time frames to use.

Like I stated before, I am a sponge for knowlege. So I'm always reading up and experimenting with different things related to Forex. Well recently I stumbled upon a great system here on F.F. By a member called "TEB". I must give him credit as I learned from him which time frames work best together... And that would be the 4hr and 30 min. You may also check with the daily real quick, but its not as vital.

Now I haven't dialed it in with my system completely yet, so I figured I'd throw it out there now and we can work it out together.

So my basic thoughts are this... Load your chart with my regular indicators... 5/12 EMA, 21 RSI and any other indicators I introduced that you find helpful ie. 8/8 ma,RSI. Go out to the daily just to get an overall feel... See if the indicators are showing an up or down trend... Just make a mental note but dont base any decisions on it... I will mention how it can help later.
Now, Go to the 4hr and see what it says... Long or short? Lets say its telling us long/uptrend... No go directly to the 30 min and take only the long signals off that chart!!! RESULTS ARE AMAZING!!!!! Now how to use the daily... If daily is showing up, 4 hr up, and you take a long on the 30min you are looking at a super strong trade in your direction. Now if the daily disagrees with the 4hr and 30min, still take the trade, but watch it more closely.

If you go back on your charts and review how the trades would have worked out based on these rules, THE RESULTS ARE STAGGERING

I dont want to make any claims of a winning percentage because people seem to get upset with me when I do that, but do the math for yourself!

You will see yourself not taking the false signals and taking a very high percentage of winning trades. Not only that, but you will have a much higher degree of confidence in your trading decision.

Ok... Thats enuff for now. Please give this a shot and post your findings here as well as your comments.

Thanks,

Bagovino
I am also following your thread.

I was wondering if you had thought about adding a 50ema -not as a cross
rather to make sure you have pip room. I played with it this evenning
with your sytem and you might find it worth a look.

TEB
  • #1,765
  • Mar 26, 2007 12:01am Mar 26, 2007 12:01am
I am pleased to see your post. I am using the original 1 hour system parameters, but i have a 10 min and a 30 min also. I am using these in conjunction with a 4 hour system . So far with very good results. thanks for the info
Quoting bagovino
Ok... Although I never really mentioned it before, I'm a big fan of multiple time frames. What I mean by that is looking for two (or more) time frames telling the same story. The problem I encountered was which time frames to use.

Like I stated before, I am a sponge for knowlege. So I'm always reading up and experimenting with different things related to Forex. Well recently I stumbled upon a great system here on F.F. By a member called "TEB". I must give him credit as I learned from him which time frames work best together... And that would be the 4hr and 30 min. You may also check with the daily real quick, but its not as vital.

Now I haven't dialed it in with my system completely yet, so I figured I'd throw it out there now and we can work it out together.

So my basic thoughts are this... Load your chart with my regular indicators... 5/12 EMA, 21 RSI and any other indicators I introduced that you find helpful ie. 8/8 ma,RSI. Go out to the daily just to get an overall feel... See if the indicators are showing an up or down trend... Just make a mental note but dont base any decisions on it... I will mention how it can help later.
Now, Go to the 4hr and see what it says... Long or short? Lets say its telling us long/uptrend... No go directly to the 30 min and take only the long signals off that chart!!! RESULTS ARE AMAZING!!!!! Now how to use the daily... If daily is showing up, 4 hr up, and you take a long on the 30min you are looking at a super strong trade in your direction. Now if the daily disagrees with the 4hr and 30min, still take the trade, but watch it more closely.

If you go back on your charts and review how the trades would have worked out based on these rules, THE RESULTS ARE STAGGERING

I dont want to make any claims of a winning percentage because people seem to get upset with me when I do that, but do the math for yourself!

You will see yourself not taking the false signals and taking a very high percentage of winning trades. Not only that, but you will have a much higher degree of confidence in your trading decision.

Ok... Thats enuff for now. Please give this a shot and post your findings here as well as your comments.

Thanks,

Bagovino
  • #1,766
  • Edited 12:26am Mar 26, 2007 12:11am | Edited 12:26am
Quoting bagovino
Now, Go to the 4hr and see what it says... Long or short? Lets say its telling us long/uptrend... No go directly to the 30 min and take only the long signals off that chart!!! RESULTS ARE AMAZING!!!!! Now how to use the daily... If daily is showing up, 4 hr up, and you take a long on the 30min you are looking at a super strong trade in your direction. Now if the daily disagrees with the 4hr and 30min, still take the trade, but watch it more closely.

If you go back on your charts and review how the trades would have worked out based on these rules, THE RESULTS ARE STAGGERING


Bagovino
Bagovino, I strongly agree with you that by taking only long signal when other bigger timeframe are giving long signal gives great result. In fact that's the most logical way of placing trade. When the market is going up, it spends more time going up than going down, e.g the probability of success is tilted towards long position. Isn't it logical ? These idea has been confirmed by my backtesting (a daily based system tested on EUR/USD from Jan 2006 till May 2006 give 400% returns) and my observation from live trades. Another trader here who made a killing (millions) trading EUR/USD only place trade in the direction of the major trend (EUR/USD has been trending up since 1-2 years ago). He trades based on weekly/daily charts.

A seasoned trader that I know personally in real life (28 years of trading) only uses 3 EMA,7 EMA and S/R in daily and weekly charts to trade. Again, he's using the same idea.
  • #1,767
  • Mar 26, 2007 2:10am Mar 26, 2007 2:10am
Thanks for the support guys!!!!

Luqmanz... Can you elaborate on how your successful friend trades???

Thanks,

B.
"Skills pay the bill's!"
  • #1,768
  • Mar 26, 2007 2:39am Mar 26, 2007 2:39am
Quoting bagovino
Thanks for the support guys!!!!

Luqmanz... Can you elaborate on how your successful friend trades???

Thanks,

B.
Basically he looks at the 3 EMA and 7 EMA in weekly charts. 3 crosses 7 to the upside, bull. 3 crosses 7 to the downside, bear. Let's say it's bull.

For the rest of the week, he will look only for 3 crosses 7 to the upside in daily charts for buy signal. He moves the stop loss everyday. He also uses some candlesticks. He trades futures.
  • #1,769
  • Mar 26, 2007 8:40am Mar 26, 2007 8:40am
Hi everyone,
I love this thread!! This is the kind of group I like. Hopefully I can contribute something useful someday. I have been following for the last few days now and have had great success! I have combined it with the tech analysis I have learned elsewhere......awesome . Just another piece to the FOREX Puzzel!!
  • #1,770
  • Mar 26, 2007 9:01am Mar 26, 2007 9:01am
http://www.forexfactory.com/attachme...1&d=1174917586
Attached Image
  • #1,771
  • Mar 26, 2007 12:32pm Mar 26, 2007 12:32pm
Fine day!!!
  • #1,772
  • Mar 26, 2007 12:36pm Mar 26, 2007 12:36pm
Fine trade!!!!!
  • #1,773
  • Mar 27, 2007 8:16am Mar 27, 2007 8:16am
strada

I'm plodding back slowly through 4 weeks of data to check the outcomes initially using 5/12 cross and RSI 21 @ M15 on cable only. Then I want to
check if use of another (simple) indicator will help eliminate some of the
'fakes'. We'll see.
You said once: 'that even if I traded every crossover it would still be
profitable' is that still the case?

Are you looking at any other pairs yet?

BTW I sent you a PM a couple of days ago.

rorieu
  • #1,774
  • Mar 27, 2007 3:22pm Mar 27, 2007 3:22pm
Rorieu..

What I believe you will experience is several signals triggering using this combo on a 15 min TF.

However, unless you are willing to use one of Rob Booker's methods..ie.. immediately move your stop to BE after 10 pips movement or cash out with 10 or so pips, you will most likely observe a cross back the other direction on a rather consistent basis in a fairly short time period.

I have found that using a 30 min TF with the 15Min TF for entry works best for me using the Bagavino.
"I know how hard it is for you to put food on your family." George W. Bush
  • #1,775
  • Edited 5:09pm Mar 27, 2007 4:38pm | Edited 5:09pm
Quoting MarcoW
Rorieu..

What I believe you will experience is several signals triggering using this combo on a 15 min TF.

However, unless you are willing to use one of Rob Booker's methods..ie.. immediately move your stop to BE after 10 pips movement or cash out with 10 or so pips, you will most likely observe a cross back the other direction on a rather consistent basis in a fairly short time period.

I have found that using a 30 min TF with the 15Min TF for entry works best for me using the Bagavino.
Hiya Marco

Thanks for the advice- you're probably right.
I'm checking M15/M5 (M5 as trigger) in order to emulate strada's successful method at 10 minute TF - not available to MT4 users like me - but M5 is impossibly hard work and as you say chasing 10pips! Exactly this happened today; I tried for 10 and missed a lot more. It's always the compromise between not missing entries but avoiding whipsaws.

You're using this Bago method on M30, what are your recent results like? On what pairs?

Tell me about 'Rob Booker' please.

regards

Forgot to ask; you watch the M15. When you see a 5/12 & RSI cross you enter and run the trade on the M30, right???
That's what I am trying with the M5 and M15.
  • #1,776
  • Mar 27, 2007 7:18pm Mar 27, 2007 7:18pm
"You're using this Bago method on M30, what are your recent results like? On what pairs?"

Using primarily EUR/USD and GBP/USD.. running about 80% win ratio..averaging 20-40 pips per day..trading 4 days per week.

"Tell me about 'Rob Booker' please."

He is a trader and educator who posts here occasionally and you can read some of his material for free at RobBooker.com.


"Forgot to ask; you watch the M15. When you see a 5/12 & RSI cross you enter and run the trade on the M30, right???
That's what I am trying with the M5 and M15.[/quote]"

Correct!! Good luck!
"I know how hard it is for you to put food on your family." George W. Bush
  • #1,777
  • Edited Mar 28, 2007 8:26am Mar 27, 2007 7:49pm | Edited Mar 28, 2007 8:26am
not to get off of the bago method..........but take a look at ********** if you want the real deal in paid services!!! that man is incredible!!! conservative and repeatable!! he hides nothing
  • #1,778
  • Mar 28, 2007 5:58am Mar 28, 2007 5:58am
Quoting chrisbedo
not to get off of the bago method..........but take a look at @%&*!$^+$^? if you want the real deal in paid services!!! that man is incredible!!! conservative and repeatable!! he hides nothing
That was uncalled for, man. Why would anybody in their right mind take your advice and go pay for something that you're advertising - when the Bagovino Method can make you rich all by itself?

Silly newbie! Get outta here...
  • #1,779
  • Mar 28, 2007 8:20am Mar 28, 2007 8:20am
Sorry to offend you! the above posts were asking about Rob Booker who charges THOUSANDS, I was just mentioning someone who is an outstanding teacher and ISNT A SCAM( not that booker is)! I wasnt advertising anything, just speaking from excperiance! So , sorry to offend, I wont bring it up again and you want me to leave I will!
  • #1,780
  • Mar 28, 2007 8:30am Mar 28, 2007 8:30am
scratch that I am not leaving! You only made two post to this thread and one of them was your last one to me! Maybe you should reconsider YOUR objectives and goals! 75 posts in all and nothing of substance here and you critisize someone else.............you are the fool here! I am not a NEWBIE and so what if I was! We all were at one time so dont offend Newbies either1

Bago....if I offended you I am sorry and if you want me to leave I will!
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