Bagovino Method | Page 176 | 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

  • #3,501
  • Apr 1, 2011 7:10am Apr 1, 2011 7:10am
This is ROCK SOLID. I never looked at RSI before. I always looked up for SMA (pivot) for 1 and 3, plus the stochastic and looked for divergence and convergence. I have back tested your indicators on M15 and the method seems to work as well but it lags the H1 by 15 minutes.
  • #3,502
  • Apr 1, 2011 7:12am Apr 1, 2011 7:12am
Is it me or has this thread got very sidetracked. I started reading it as Bagovino wanted to make a thread of this own based on 5/12 ma and rsi set to 21. I am slightly confused as I am not sure what tghe vegas indicator does and I also see posts with rsi set to 21.

There seems to be a number of variants going on. Can someone please post what approach this thread is tracking or if it is multiple approaches can someone please provide some insight into what they are.

Sorry to be a pain its just hard to determine what is what here.

Many Thanks

Splurge
  • #3,503
  • Apr 1, 2011 7:14am Apr 1, 2011 7:14am
i wouldnt suggest trading during nfp periods. i personally got stucked in a range now using h1 gbp.

tighten the stoploss and get out as soon as possible during nfp.
  • #3,504
  • Apr 1, 2011 7:15am Apr 1, 2011 7:15am
Edit: sorry Keikor beat me to it!

Quoting Cmoss
how will the bag method handle NFP? or just make sure youre out of any trades when it comes?
Hi ya Cmoss..

It's better not to trade around the news time by at least an hour before on NFP days.. in fact a lot of traders I hear are out of the market completely that day as this news item can go either way and at lightning speed and if your on the wrong end of the trade with out a stop your not gonna be to happy!

If you are in a trade that day and you are in profit, a wise decision would be to move to BE asap if not close the trade maybe an hour before the news..

Cheers,
Adrian
  • #3,505
  • Apr 1, 2011 7:38am Apr 1, 2011 7:38am
Quoting jacksonphili
Hi Guys,

I am a bit not sure about how to use the Vegas Indicator.. Can we use it for a good entry or is it only for exits..
Please help me understand...I really appreciate it

http://www.forexfactory.com/attachme...1&d=1301655119
Hi ya Jacksonphili..

It is used for areas of adding/entering positions or for stop areas and taking partial/all positions off the trade as it goes your way and reaches these Fib levels..

The attached document will explain it better

Cheers,
Adrian
Attached File(s)
File Type: doc Vegas 1 Hour Tunnel Method.doc   68 KB | 729 downloads
  • #3,506
  • Apr 1, 2011 7:50am Apr 1, 2011 7:50am
Quoting Splurge
Is it me or has this thread got very sidetracked. I started reading it as Bagovino wanted to make a thread of this own based on 5/12 ma and rsi set to 21. I am slightly confused as I am not sure what tghe vegas indicator does and I also see posts with rsi set to 21.

There seems to be a number of variants going on. Can someone please post what approach this thread is tracking or if it is multiple approaches can someone please provide some insight into what they are.

Sorry to be a pain its just hard to determine what is what here.

Many...
Hi ya Splurge..

Sorry about the confusion....
Still sticking to the original 5/12ma and 21RSI cross of the 50line!....

Some people are putting slight twists to it to suit there personalities as I might change the 21RSI to a 14RSI at times instead....Jacksonphili in the post a few back wants to try out the Vegas Tunnel method which was mentioned on the first few posts of this thread..

Hope this helps..

Cheers,
Adrian
  • #3,507
  • Apr 1, 2011 8:15am Apr 1, 2011 8:15am
Quoting Splurge
Is it me or has this thread got very sidetracked. I started reading it as Bagovino wanted to make a thread of this own based on 5/12 ma and rsi set to 21. I am slightly confused as I am not sure what tghe vegas indicator does and I also see posts with rsi set to 21.

There seems to be a number of variants going on. Can someone please post what approach this thread is tracking or if it is multiple approaches can someone please provide some insight into what they are.

Sorry to be a pain its just hard to determine what is what here.

Many Thanks...
Splurge, many people using their own tweaks to the system, its up to you, and what you want to add, if it works for you thats great. I was trading it on the 10 min timeframe, but am looking at the 2min, amd 5min at the moment.
Regards Aj1
  • #3,508
  • Apr 1, 2011 11:54am Apr 1, 2011 11:54am
AN hour ago i read your post for the first time 12PM US ET Friday APril 1, 2011. I posted a comment that is stil being reviewed since it is my first.

I applied your system of 5/12 EMA and RSI crossing. I also used on another chart the 1/3 SMA and Stochastic. The faster SMA + stochastic in addition to candle formation provided a head start I managed to grab a 32 pip trading the oil. On the corss of RSI and 5/12 i closed my first deal and started another (should have kept the old one) and i gabbed another 120 pips. The whole run was about 169 from top to bottom. I usually never had trouble spotting entries or exits but the oil being so volatile i would close on it with a trailing stop and most of the time i would kick out before reaching the trade objective. WIth 5/12 and RSI i kept a solid SL and didn't use TS and lived the thrill to the end.

BIG THANK YOU, you really gave a good idea.
  • #3,509
  • Apr 1, 2011 4:05pm Apr 1, 2011 4:05pm
Quoting tmourtada
AN hour ago i read your post for the first time 12PM US ET Friday APril 1, 2011. I posted...
Hey Tmourtada..

Great to see you having success with it!
  • #3,510
  • Apr 2, 2011 9:44pm Apr 2, 2011 9:44pm
After a lot of BackTesting and a few Forward Testing using a SIM.. I should say that 10pips is about 85% for sure per trade...and for people like me 20pips ($10) a day would be enough to make ends meet..
I just hope the number of wins are greater than the losses..

Best of luck to everyone..
  • #3,511
  • Apr 2, 2011 9:53pm Apr 2, 2011 9:53pm
Quoting aarangio
Hey Tmourtada..

Great to see you having success with it!
Hi Arrangio,

I quite din't understand how the trade went for Tomurtada.

Does the 1/3 SMA + Stochastics give out early signals, so that we can enter the Trade and then do we ride the trend looking at the 5/12 EMA.. If you've already explained the strategy in a previous post, could you please give me the post number..

I gotta work 14-15 hours a day , so I'm not in a position to go through all the posts.. and I only get a few minutes break to check the comp...
I really appreciate your help
  • #3,512
  • Edited 5:29am Apr 3, 2011 5:11am | Edited 5:29am
Quoting jacksonphili
Hi Arrangio,

I quite din't understand how the trade went for Tomurtada.

Does the 1/3 SMA + Stochastics give out early signals, so that we can enter the Trade and then do we ride the trend looking at the 5/12 EMA.. If you've already explained the strategy in a previous post, could you please give me the post number..

I gotta work 14-15 hours a day , so I'm not in a position to go through all the posts.. and I only get a few minutes break to check the comp...
I really appreciate your help
Hi ya Jacksonphili..

The 1/3SMA strategy + Stochastic is Tomurtada's extra tweak to the system which he likes for earlier entries on trades, this post T added should help explain http://www.forexfactory.com/showpost...postcount=3501 ..

Just on another point as your working long hours I'm not sure what times you are free as if your doing short term trading as most people using this system would it may be in your interest to check which currency pairs are suited for your time zone as you have limited time available OR it may be in your interest of checking longer TF's as you have limited time to watch the markets and in this case you would have to trade a bit differently and have larger stops, keep an eye on RN's, Price Action, maybe change the RSI to a 14RSI, check the currency you want to trade against other pairs with the same currency and check for the weakest and strongest currency pair to trade, you may not have to worry about the news as much but pay attention to the NFP and interest rate days as they do effect larger TF's..

Cheers,
Adrian
  • #3,513
  • Apr 3, 2011 6:14am Apr 3, 2011 6:14am
is there an ebook for this system?
Set /Forget /Let
  • #3,514
  • Apr 3, 2011 3:29pm Apr 3, 2011 3:29pm
Strada

Good to see you're still trading - and well I trust, after the problems you mentioned at one point.

The fact you are still using the Bagovino method successfully after X? years is the best recommendation it could have.
I have been through a dozen methods and teachings in the last while but always drift back to the Bago. Its simplicity (3 indis) versatility (any TF) are very attractive.

Still using the basics: 5/12 and RSI21 I see but on 1 minute - keeps you alert I imagine!

You have not been tempted to add any new indicators or strategies at all? Same broker?

What are your preferred instruments these days ...GU...EJ...EU... FTSE ?

Best wishes from the Kingdom,

rorieu
  • #3,515
  • Apr 4, 2011 3:06am Apr 4, 2011 3:06am
Quoting cjt
is there an ebook for this system?
Hi ya Cjt..

No e-book....well not that I have seen any how
The system is still the same as the first original post by Bagavino....If you read through the thread you will see different tweaks to the system people have done over time with different outcomes....also if you go through ALL of Strada's posts you will find all sorts of gold nuggets in his posts that will give you clear direction on how to trade the system!..

Cheers,
Adrian
  • #3,516
  • Apr 4, 2011 4:24am Apr 4, 2011 4:24am
my sell stop just got triggered for yen at 83.98. sl at 84.12. targetting 1:1 minimum ratio.

btw, previous chf signal got a positive. anybody in any bago trades today?
  • #3,517
  • Apr 4, 2011 5:23am Apr 4, 2011 5:23am
yen got stopped out negative and aussie dollars just got triggered at sell 1.0362. sl at 1.0380.

anybody in this trade?
  • #3,518
  • Apr 4, 2011 5:55am Apr 4, 2011 5:55am
Hi!


Current long Trades at usd/chf and usd/jpy. I use the Bagovino Method and the Vegas Currency indi as Filter on 15 min TF.

Last Week 186 Pips Profit!

Thanks Bagovino!!
www.forexfire.de
  • #3,519
  • Apr 4, 2011 6:15am Apr 4, 2011 6:15am
Quoting aarangio
Hi ya Cjt..

No e-book....well not that I have seen any how
The system is still the same as the first original post by Bagavino....If you read through the thread you will see different tweaks to the system people have done over time with different outcomes....also if you go through ALL of Strada's posts you will find all sorts of gold nuggets in his posts that will give you clear direction on how to trade the system!..

Cheers,
Adrian

thanks

cjt
Set /Forget /Let
  • #3,520
  • Edited 6:33am Apr 4, 2011 6:16am | Edited 6:33am
Hi ya..

Just wanted to show you something to be aware of when trading this system or any system the importance of the Support/Resistance areas..

Taken this trade short today and you can see clearly on the 30m chart how the marked S/R area has already worked to hold the price up and why you should try to be wary of these areas when trading...I myself took the trade silly trade be it but if you look through the chart you will see the pair has a high win rate on the crosses so I took it with a tight stop..Might win, might lose who knows?

Cheers,
Adrian
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Aus-Usd 1Hr.png Size: 36 KB
Click to Enlarge Name: Aus-Usd 30Min.png Size: 50 KB
9 traders viewing now