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Bagovino Method

  • #3,361
  • Jul 20, 2009 3:07pm Jul 20, 2009 3:07pm
I've been using this method succesfully for several months now. Still using some personal discretion regarding TP. Sometimes I move SL to break even after 20 pips positive movement and close half the position. after that I like to use support and resistance levels to adjust my stops. been working pretty well. Very simple to follow.
  • #3,362
  • Edited 4:01pm Aug 13, 2009 3:43pm | Edited 4:01pm
Hello,

I like the set up in post 1 and like to use the following indicators to confirm the signal and trend direction.

My chart:

1hr
5 ema close
12 ema open
CCI 20 crossing zero
Top trend indicator (gives you an alert when trend is changing!!!)

Open your sell or buy order only in the direction of the top trend indicator. CCI helps to confirm the 5/12 cross.

Please let me know how it works for you.

Hope this helps,

Holger
Attached File(s)
File Type: mq4 TOPTREND.mq4   6 KB | 955 downloads
  • #3,363
  • Sep 12, 2009 4:54am Sep 12, 2009 4:54am
Hello

I have a question..
what about the trends in this method?
I mean..if 512 cross from from below and RSI is up to 50 (LONG) BUT the trend is downtrend?

What I'll do ?



tnx
  • #3,364
  • Nov 29, 2009 7:52am Nov 29, 2009 7:52am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting henyloc
I've been using this method succesfully for several months now. Still using some personal discretion regarding TP. Sometimes I move SL to break even after 20 pips positive movement and close half the position. after that I like to use support and resistance levels to adjust my stops. been working pretty well. Very simple to follow.
Yes, proper money management (discipline) is the way to success with this system.
Being right is one, taking it from the table is two.
  • #3,365
  • Nov 29, 2009 8:01am Nov 29, 2009 8:01am
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting orby32
Hello

I have a question..
what about the trends in this method?
I mean..if 512 cross from from below and RSI is up to 50 (LONG) BUT the trend is downtrend?

What I'll do ?



tnx
The trend is your friend... .

Suggesting that you are on a 1 hour timefrime, I would wait for a close of the first candlestick above the ema's because that might signal that a bottom is in place, trend reversal, buy opportunity. I would then enter with a SL of 20 pips under the low of the first closed hourly rising candle stick and trail with 30-35 pips if there is follow trough. The same in opposite for a short position. Also look at stochs (20-80) crossing and cci.

4 hour chart will confirm strenght of the trend-reversal.

Hope this helps.
Being right is one, taking it from the table is two.
  • #3,366
  • Nov 29, 2009 2:55pm Nov 29, 2009 2:55pm
Quoting SXMTrader
Hello,

I like the set up in post 1 and like to use the following indicators to confirm the signal and trend direction.

My chart:

1hr
5 ema close
12 ema open
CCI 20 crossing zero
Top trend indicator (gives you an alert when trend is changing!!!)

Open your sell or buy order only in the direction of the top trend indicator. CCI helps to confirm the 5/12 cross.

Please let me know how it works for you.

Hope this helps,

Holger
Can you show the chart and indicator that you used.

thanks
  • #3,367
  • Jan 17, 2010 5:17am Jan 17, 2010 5:17am
Quoting FXSurfer
Thanks for your posts, Marco

And to Noel for the indicator link! Very timely.

FXS
Thank for your post, however could you find the one that plots
2048 candles rather than 700+ candles?
Anyhow many thanks again for your kind help.

fxpig
  • #3,368
  • Jan 19, 2010 2:52am Jan 19, 2010 2:52am
Quoting bagovino
Hi All,

I just wanted to start a thread sharing the most successful Forex trading method to date!

I have caused alot of shake ups on other threads due to the domination of my method on their posts so I chose to start my own.

Here it goes... It's quite simple. 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!

I leave this thread open to any and all...
Bago,
Thanks for starting this thread. I have read most of it, up to and including the Vegas tunnel. I am stepping back to the beging to test it. For now I will just use the basic system - No tunnel.

Again thanks for this thread.
  • #3,369
  • Jan 20, 2010 12:54pm Jan 20, 2010 12:54pm
  •  Now
  • | Joined Aug 2006 | Status: 'I should have taken the money' | 654 Posts
Quoting stark
Then the author of the method has created a version for shorter timeframe.

Rules :

"
1. Stochastics set to 8,3,3. Only trade it the direction they are in.

2. FX Snipers Ergodic CCI & Trigger. Again... Only trade in the direction it's
in.
3. Put an RSI set to 8 on your chart, and add an 8EMA in the same window on top of it... Amazing indicator. Again, trade in it's direction.

When all 3 of these indicators are going in the same direction and you have a 5/12 EMA cross, you will see the closest thing to the holy grail!!!

"

Below an image...

Hi Stark,

Can you share the template and Bago indicator from your screenshot in post http://www.forexfactory.com/showpost...postcount=3339

Thanks.

Regards,

Now
Being right is one, taking it from the table is two.
  • #3,370
  • Mar 31, 2010 10:54am Mar 31, 2010 10:54am
Screenshot says 14/7/3 but text states 8/3/3. Which do you use?
  • #3,371
  • Mar 31, 2010 3:25pm Mar 31, 2010 3:25pm
add rsi 8 on the same rsi 21 gives you better exits.. also read this cld be helpful http://www.forexfactory.com/showthread.php?p=3600762
  • #3,372
  • Mar 31, 2010 4:25pm Mar 31, 2010 4:25pm
I am not sure how to use the double RSI though looks a little similar to the QQE indy that I do use very regularly
Attached File(s)
File Type: ex4 QQE ADV.ex4   4 KB | 485 downloads
  • #3,373
  • May 25, 2010 3:26pm May 25, 2010 3:26pm
I just wanted to say that i have been paper trading with the bagovino method,i traded 4 times since last week and i have bagged almost 1,500 pips ,i have always hit my tp,i also use very tight stop lose,i trade bagovino method with s/r in mind as well as the market trend.

Well in summary just wanted to say thank you to bagovino.
By the way this method also works with various index.
  • #3,374
  • May 26, 2010 12:49am May 26, 2010 12:49am
Quoting neziah
I just wanted to say that i have been paper trading with the bagovino method,i traded 4 times since last week and i have bagged almost 1,500 pips ,i have always hit my tp,i also use very tight stop lose,i trade bagovino method with s/r in mind as well as the market trend.

Well in summary just wanted to say thank you to bagovino.
By the way this method also works with various index.
Whey hey!! ...Way to go Neziah!!....keep up the great work!!

As you said this system really does work with just about every instrument and as you said trading with S/R and Price action and the trend in mind you will do extremely well with it!

Adrian
  • #3,375
  • Jun 6, 2010 4:30am Jun 6, 2010 4:30am
I nearly spent a FORTUNE with a trading room last month, with a FORTUNE in monthly room fees. I discovered that his system is a 5/12 MA cross witha "proprietry" indicator & a lot of indicators just to confuse the issue, but, it boils down to one thing- the BAGOVINO method!

He said it works on any time frame, & if you use Bago on, say a 5 min chart, confirm on 15, a 1 hour chart, confirm on the 4 hour, 4 hr, confirm on daily, daily weekly, etc.

I also paid for a refined Bagovino, which, is excellent, this is where I got the above idea from, but, the system I paid for is remove 70% profit at half the stop level, tighten move stop to Breakeven & let run. Exit is when 5/12 MA move back to start crossing or the next S/R or fib, etc.

Thanks Bago, you've nailed it!
:-)

Quoting bagovino
Hi All,

I just wanted to start a thread sharing the most successful Forex trading method to date!

I have caused alot of shake ups on other threads due to the domination of my method on their posts so I chose to start my own.

Here it goes... It's quite simple. 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!

I leave this thread open to any and all...
  • #3,376
  • Jun 6, 2010 5:25am Jun 6, 2010 5:25am
Quoting bazza
I nearly spent a FORTUNE with a trading room last month, with a FORTUNE in monthly room fees. I discovered that his system is a 5/12 MA cross witha "proprietry" indicator & a lot of indicators just to confuse the issue, but, it boils down to one thing- the BAGOVINO method!

He said it works on any time frame, & if you use Bago on, say a 5 min chart, confirm on 15, a 1 hour chart, confirm on the 4 hour, 4 hr, confirm on daily, daily weekly, etc.

I also paid for a refined Bagovino, which, is excellent, this is where I got the above idea from,...

I also use a system close to this one,,,,

I was wondering what were the refinement? just the ones you stated?

thanks

teb
  • #3,377
  • Jun 11, 2010 4:26am Jun 11, 2010 4:26am
Hello Bazza, the Beatles once said "the best things in life are free" and you will find no better example than BAGO. I've been trading his basic method for over 3 years now (apart from a break of a few months 2009/10 due personal reasons) and every week have been in profit.

There have been various other threads started along the same lines, indeed Teb currently has a thread using bago's basics which further proves the success of this method.

There are many ways it can be adapted to suit personal preferences in terms of timeframe, strategy, MM etc.. but if you get your strategy right and your comfortable with it and believe in it then you will soon recoup what you paid out previously.

I wish you good fortune with it, let us know how you get on.

rgds, strada


Quoting bazza
I nearly spent a FORTUNE with a trading room last month, with a FORTUNE in monthly room fees. I discovered that his system is a 5/12 MA cross witha "proprietry" indicator & a lot of indicators just to confuse the issue, but, it boils down to one thing- the BAGOVINO method!

He said it works on any time frame, & if you use Bago on, say a 5 min chart, confirm on 15, a 1 hour chart, confirm on the 4 hour, 4 hr, confirm on daily, daily weekly, etc.

I also paid for a refined Bagovino, which, is excellent, this is where I got the above idea from,...
  • #3,378
  • Jun 11, 2010 6:20am Jun 11, 2010 6:20am
Quoting TEB63
I also use a system close to this one,,,,

I was wondering what were the refinement? just the ones you stated?

thanks

teb
Hi teb, where is your thread (the one close to bago)?

Thanks
  • #3,379
  • Jun 29, 2010 2:31am Jun 29, 2010 2:31am
probably this one, http://www.forexfactory.com/showthread.php?t=229238 if not click on teb63's name and you will see his threads.
  • #3,380
  • Sep 8, 2010 4:47am Sep 8, 2010 4:47am
so if I read all right, and I say it well read all posts right, I understand that the fundamental of this system is:

1 EMA (5)
1 EMA (12)
1 RSI (21)


so the cross of these 3 indicators are fundamental that they happens in a mas 2 canddle separation, also they need to happen is at least 3 time frames.

the only thing I didn't get yet is: - how the hell we find our Take profit level's in order to be a safe trade.

I am using this system but also I'm having to many fake signals that ends up in whip's... can somebody help here any ideas of what's i'm doing wrong?

also if this system in already of date then can anyone tell me one that actually is being developed and implemented?

by the way I'm new in this market's, new in the forum and also new in forex business, but i'm with much strenght and will to learn this amasing world that I discovered by accident , yes I didn't know of it's existence, but with a little research I fall in love with it , I love maths, I like economy, and most of all I want to learn with time the basics and the fundamentals, and move on till the experts things with time off course due to much much info's around this business the most dificult things is to separete the scams the bla bla bla things from the real interenting works, and theories

thanks in advance to all

bago this system seams to be reliable but... still dont work well in my hands well I go train more demo's till someone answer
thanks again

Luis.
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