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Bagovino Method

  • #3,401
  • Mar 18, 2011 2:44am Mar 18, 2011 2:44am
Quoting strada
Hi Aarangio, you may want to take another look at your chart above.
The bars you have highlighted as "entry bars" are in fact the signal bars and you wouldn't consider an entry until the signal bar has completed.
The bars you refer to as "trigger bars" have not caused a crossover of either 5/12EMA or RSI50 so don't represent a signal.

Remember the 5/12 EMA's must be crossed on a completed bar/candle (and RSI on the right side of 50) for it to be a signal.

With regards to entry this can be done using the closing price of the signal...
Hey Strada..

Grrrrreat to hear from you again ....
Thanks for clearing up those mistakes ..

Cheers,
Adrian
  • #3,402
  • Edited 6:23am Mar 18, 2011 6:21am | Edited 6:23am
Quoting aarangio
Hi ya Cmoss..

... we enter on the next bar if it takes out that bar on the cross....

Cheers,
Adrian
Just to clarify: Meaning surpasses the "Warning Bar" in the same direction, correct?


Edit:Adrian may i ask which indicators you are using in the screen shot you presented? I had downloaded bag's 30 minute template and yours seems easier to read for a newb.... thanks again
  • #3,403
  • Mar 18, 2011 6:26am Mar 18, 2011 6:26am
Strada, do you enter on the close of the signal bar, or the open of the trigger bar.
  • #3,404
  • Mar 18, 2011 8:18am Mar 18, 2011 8:18am
Hi Aj1, and welcome to bago.
In answer to your question I use the closing price of the bago signal bar.
Entry will normally be during the following bar/s. What I look for is an improvement in price of 1-2 pips and enter. Sometimes that will occur on the next bar after the signal bar, sometimes several bars later.
One further point on this, if price reverses away from the closing price of the signal bar and results in a completed bar which recrosses the RSI to the wrong side but the 5/12 is still intact then I wait for a fresh signal.
If this happens and you get a fresh signal you then have to use discretion whether you use the new closing price or the previous one for entry.
Quite often when this happens you may be entering a period of congestion so be aware.
rgds, strada.
  • #3,405
  • Mar 18, 2011 9:06am Mar 18, 2011 9:06am
Strada, I trade of the 10m charts, but today on the cable I didnt take this trade as price had dropped sharply, then rebounded, I was waiting for a reversal, how would you have traded it.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 242 KB
  • #3,406
  • Mar 18, 2011 11:42am Mar 18, 2011 11:42am
Quoting Cmoss
Just to clarify: Meaning surpasses the "Warning Bar" in the same direction, correct?


Edit:Adrian may i ask which indicators you are using in the screen shot you presented? I had downloaded bag's 30 minute template and yours seems easier to read for a newb.... thanks again
Hi ya Cmoss..

Yes, that is correct, or as Strada has kindly mentioned above as well:- With regards to entry this can be done using the closing price of the signal bar (with possibly some price improvement)
or, as you suggest, a break of the hi/lo of the signal bar. With the latter you will often lose valuable pips though.

I've used the basic indicators from the beginning of the thread of 5/12MA's with a RSI cross of the 50 line.... I've attached a template for you..

Hope this helps

Cheers,
Adrian
Attached File(s)
File Type: tpl bagavino_template.tpl   1 KB | 713 downloads
  • #3,407
  • Mar 18, 2011 12:24pm Mar 18, 2011 12:24pm
Aj1, - waiting for a reversal; you were trading what you thought rather than what you saw.
I have found with bago it's best to trade what you see and I would not have hesitated on that signal, no news around, my only concern would have been the area around the previous two tops to the left but by that time I would have banked some profit then watched for the break towards the big number.
Nice to see a 10 min chart again haven't seen one for ages, was my preferred timeframe when first started out with bago. Is the chart from Cap. Spreads?
rgds, strada.
  • #3,408
  • Mar 18, 2011 12:55pm Mar 18, 2011 12:55pm
Hi ya Cmoss..

I noticed you were looking for a MA Crossover indicator so I'm not sure if this one will do the job?....Just put in the settings you would like..

Hope that helps

Cheers,
Adrian
Attached File(s)
File Type: ex4 MA Crossover Indicator.ex4   10 KB | 484 downloads
  • #3,409
  • Mar 18, 2011 1:50pm Mar 18, 2011 1:50pm
Quoting strada
Aj1, - waiting for a reversal; you were trading what you thought rather than what you saw.
I have found with bago it's best to trade what you see and I would not have hesitated on that signal, no news around, my only concern would have been the area around the previous two tops to the left but by that time I would have banked some profit then watched for the break towards the big number.
Nice to see a 10 min chart again haven't seen one for ages, was my preferred timeframe when first started out with bago. Is the chart from Cap. Spreads?
rgds,...
You are right, I was trading what I thought was going to happen, I trade the 10 min timeframe because thats how I believe you started, and I am just starting out. Can I ask Strada on the 10 min do still look for an improvement in price by 1-2 pips or a bit more, and you dont mind which way the signals are.
Also what timeframe are you trading these days?
The charts by the way are from I.T finance on Worldspreads, same as yours a while back, clean and simple.
  • #3,410
  • Mar 18, 2011 2:22pm Mar 18, 2011 2:22pm
Hi Aj1, your entry has to be part of your own trading strategy and what you're comfortable with.
My own strategy is based on a lot of data I collected in the early days and further complemented with experience.
I would say on any timeframe it's worth waiting for that improvement in price after the signal and it will vary depending on the TF being used. For 10 min somewhere between 2-4 pips would seem reasonable.
The signals can happen either way round, don't worry if the RSI and 5/12 don't both happen at the same time.
I've been on 1min for some time now and well used to it, suits me, I have the screen time in the mornings and most days only trade for 2-3 hours.
Yes your chart is very clean, ideal for this method, try not to be seduced by other indicators, once you go down that track you'll add extra confusion and lose focus. Bago is simple, keeping it that way earns you good profit.
All the best, have a good week-end, be around monday if you have any queries, strada.
  • #3,411
  • Mar 21, 2011 1:54am Mar 21, 2011 1:54am
Hey Strata been a while since I posted here. Just been re-reading some of the Bagovino method. Can you tell me is the system still the same as the method described on page one? If not what page can I get the latest version. What are you using for exits?
Thanks in advance
  • #3,412
  • Edited 7:12am Mar 21, 2011 3:47am | Edited 7:12am
Quoting puppypippy
Hey Strata been a while since I posted here. Just been re-reading some of the Bagovino method. Can you tell me is the system still the same as the method described on page one? If not what page can I get the latest version. What are you using for exits?
Thanks in advance
Hi ya Puppypippy..

Just to help out, Strada is mainly trading just the 1min TF's at the moment and using exactly the same rules as from page 1 of a 5/12MA cross and a 21RSI cross of the 50 line....

A couple of links to help out...
http://www.forexfactory.com/showpost...postcount=3246 this is the basic MM rules for 1-5min TF's..

http://www.forexfactory.com/showthre...69#post2196769 extra information from Strada to help with your trading decision..

Hope that helps

Cheers,
Adrian
  • #3,413
  • Mar 21, 2011 6:12am Mar 21, 2011 6:12am
Quoting aarangio
Hi ya Cmoss..

Yes, that is correct, or as Strada has kindly mentioned above as well:- With regards to entry this can be done using the closing price of the signal bar (with possibly some price improvement)
or, as you suggest, a break of the hi/lo of the signal bar. With the latter you will often lose valuable pips though.

I've used the basic indicators from the beginning of the thread of 5/12MA's with a RSI cross of the 50 line.... I've attached a template for you..

Hope this helps

Cheers,
Adrian

Thank you for your continued help!
  • #3,414
  • Mar 21, 2011 7:01am Mar 21, 2011 7:01am
Hello puppypippy, as Aarangio has indicated above I do still use the original indies and nothing else.
As regards exits ~
Stop Loss is 15 on GU and 12 on EU;
I use 3 exits ~ Tp1 7-10; tp2 15-20; tp3 either news, 5/12 recross, 100+pips, or any other reason I see as valid like failure to break S&R or a big number etc.
The above figures are based on using the 1m timeframe so adjustments would have to be made for other tf's.
Obviously the exits are part of your own strategy and MM so they have to suit your own style of trading, exposure to risk etc.
Hope this answers your Q.
rgds, strada.


Quoting puppypippy
Hey Strata been a while since I posted here. Just been re-reading some of the Bagovino method. Can you tell me is the system still the same as the method described on page one? If not what page can I get the latest version. What are you using for exits?
Thanks in advance
  • #3,415
  • Mar 21, 2011 7:19am Mar 21, 2011 7:19am
Quoting aarangio
Hi ya Cmoss..

I noticed you were looking for a MA Crossover indicator so I'm not sure if this one will do the job?....Just put in the settings you would like..

Hope that helps

Cheers,
Adrian
Yes I am looking for an Sma EMA cross over indicator
  • #3,416
  • Mar 21, 2011 7:23am Mar 21, 2011 7:23am
Quoting Cmoss
Yes I am looking for an Sma EMA cross over indicator
Hi ya Cmoss....

the indicator I posted was no good??..you just add in the numbers you want and you can change arrow colors to suit the template..


Cheers,
Adrian
  • #3,417
  • Mar 21, 2011 8:16am Mar 21, 2011 8:16am
Quoting aarangio
Hi ya Cmoss....

the indicator I posted was no good??..you just add in the numbers you want and you can change arrow colors to suit the template..


Cheers,
Adrian
im too new at this

Ill try tinkering with it again, from what it looked like i couldnt change the sma and ema
  • #3,418
  • Mar 21, 2011 8:42am Mar 21, 2011 8:42am
Quoting Cmoss
im too new at this

Ill try tinkering with it again, from what it looked like i couldnt change the sma and ema
Ok sorry, this should help you

Hope that helps..

Cheers,
Adrian
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Changing settings 1.png Size: 73 KB
Click to Enlarge Name: Changing settings 2.png Size: 66 KB
  • #3,419
  • Edited 11:11am Mar 21, 2011 10:46am | Edited 11:11am
Quoting aarangio
Ok sorry, this should help you

Hope that helps..

Cheers,
Adrian
help me understand why 5 and 12 are the numbers you're changing? is that what the equivalent of ema10 and sma 200 convert to be?

thanks adrian
  • #3,420
  • Edited 1:06pm Mar 21, 2011 12:36pm | Edited 1:06pm
Quoting Cmoss
help me understand why 5 and 12 are the numbers you're changing? is that what the equivalent of ema10 and sma 200 convert to be?

thanks adrian
Those are the settings for this cross over system..5 and 12MA's..you can make them any MA cross numbers you like....The only reason they are those numbers that I circled at the moment(3/34) is because that's the settings that were already in there..

Quote
is that what the equivalent of ema10 and sma 200 convert to
Not sure if that answers properly what your asking as confused on where you got these numbers from, but I hope this helped to answer you
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