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Bagovino Method

  • #3,521
  • Apr 4, 2011 6:21am Apr 4, 2011 6:21am
i am with you aarangio. throughout all the pairs, aussie and chf have the highest win ratio with bago system thats why i didn't hesitate to take the trade.

i understand there is some support there thats why i am keeping my sl to less than 20 pips.

as for me, there is nothing i can do now. it's either the trade will hit my sl or tp.

the way i am seeing it now, it's going to break through the support to 1.0340. but who knows, anything can happen.
  • #3,522
  • Apr 4, 2011 6:26am Apr 4, 2011 6:26am
Quoting keikor
i am with you aarangio. throughout all the pairs, aussie and chf have the highest win ratio with bago system thats why i didn't hesitate to take the trade.

i understand there is some support there thats why i am keeping my sl to less than 20 pips.

as for me, there is nothing i can do now. it's either the trade will hit my sl or tp.
Good stuff Keikor!

Any chance when you post your trades you could put some charts up showing your TF and why you entered so we can all learn together..pretty please!

Cheers,
Adrian
  • #3,523
  • Apr 5, 2011 2:10am Apr 5, 2011 2:10am
bago H1 signal. sold chf at 9216. sl 20 pips at 9236. 80% at 1:1.

anyone in?

edited: reasons for entry: valid bago signal, price establishing lower low, price under pivot lines and daily open, 9195 is like a magnet now thus attracting price to go there and test the support first. will take 80% off at 9195.

The only thing i didnt like about this trade is the momentum is not there. signal H1 bar didnt form enough strength. hence the price might range for hours before going down or up.

but of course, these are all my mere speculations. anything can happen like said.
  • #3,524
  • Apr 5, 2011 9:11am Apr 5, 2011 9:11am
entering my third week using the bago method.

I have had consistent success(though some trades took longer to hit my tp than others, teaching me patience) h1 and m15 tend to throw me the best results, i figure a solid +10 pip per trade is worth praise, no reason to get greedy

thanks adrian, strada and of course bags!
  • #3,525
  • Apr 6, 2011 10:57am Apr 6, 2011 10:57am
Quoting Cmoss
entering my third week using the bago method.

I have had consistent success(though some trades took longer to hit my tp than others, teaching me patience) h1 and m15 tend to throw me the best results, i figure a solid +10 pip per trade is worth praise, no reason to get greedy

thanks adrian, strada and of course bags!
Cmoss,

I totally agree with you,
I took a few days off just to test this system and what you said is absolutely correct. Wait for the rules to apply and then Strike for small profits.
There were a few losses, but over all it is awesome.. I tried it Different Currencies.. Check out my trades for the past three days

http://www.forexfactory.com/attachme...1&d=1302105248
Attached Image (click to enlarge)
Click to Enlarge Name: Test.GIF Size: 102 KB
  • #3,526
  • Apr 6, 2011 7:10pm Apr 6, 2011 7:10pm
Are these trades on 15 minute chart?




Quoting jacksonphili
Cmoss,

I totally agree with you,
I took a few days off just to test this system and what you said is absolutely correct. Wait for the rules to apply and then Strike for small profits.
There were a few losses, but over all it is awesome.. I tried it Different Currencies.. Check out my trades for the past three days

http://www.forexfactory.com/attachme...1&d=1302105248
  • #3,527
  • Apr 7, 2011 2:38am Apr 7, 2011 2:38am
Morning Rorieu, good to hear from you again and trust you and yours are well. I've made some comments below yours in BLUE.

[quote=rorieu;4518516]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.
Yes, I have occasionally looked over the fence at other methods and also at my own strategy but always end up back to the bago basics. It's boring but it works.

Still using the basics: 5/12 and RSI21 I see but on 1 minute - keeps you alert I imagine!
Yes, have been using 1 min tf for some time now and after the events of last year now only trade for much shorter periods than before. Set up before 7am and normally finish 9-10'ish or before any 9.30 news if I can. Today I finished earlier just before 8am, 3 trades on GU, 70 pips, that's enough for me these days, especially in the space of 1 hour. (last trade still running but took tp3 early so I could finish for the day)

You have not been tempted to add any new indicators or strategies at all? Same broker?
In the past looked at various other indies that some people suggested but invariably found that they brought nothing new to the trading decision, indeed if anything they were an irrelevant distraction. From seeing what people say, whether it is bago or anything else, when they try to add more indies to a method/system that has already proved profitable then what they are trying to do is filter out the losing trades or make the signals more obvious or whatever. But, what they end up doing is filtering out perfectly good trades as well as some bad ones. What is the point??? I think sometimes they are, perhaps subconsciously, looking for reasons not to enter a trade. That would suggest a lack of belief and/or confidence in their method and strategy. I only look for reasons to enter a trade, knowing that there will be losses but also knowing that my profits will exceed those losses. Sometimes if there are reasons to be cautious or negative about a trade it will be very obvious from the chart and pa.


What are your preferred instruments these days ...GU...EJ...EU... FTSE ?
Mainly GU but sometimes EU if it has shown much better volatility over GU before I start around 7am.

Best wishes from the Kingdom,
....and best regards to you from the old toun, strada.
  • #3,528
  • Apr 7, 2011 3:14am Apr 7, 2011 3:14am
Good morning Strada

There are lots of aspects of M1 that are appealing not the least of which is your finishing time.
An obvious disadvantage can be spreads what spreads are you getting on GU? Which broker?
Could you briefly list your 3 this morning (I can't see 70 pips there...50 maybe) and I'll try not to pester you any more.

Honest!

rorieu
  • #3,529
  • Apr 7, 2011 3:38am Apr 7, 2011 3:38am
Quoting rorieu
Good morning Strada

There are lots of aspects of M1 that are appealing not the least of which is your finishing time.
An obvious disadvantage can be spreads what spreads are you getting on GU? Which broker?
Could you briefly list your 3 this morning (I can't see 70 pips there...50 maybe) and I'll try not to pester you any more.

Honest!

rorieu
Hi Rorieu, spreads are not a disadvantage, merely a business expense as far as I'm concerned. GU spread is 2; Eu is 1 (or IG 1-2). Have several accounts and always have 4 platforms open with order windows at the ready on all of them. Today I used IG and Dealing Desk for trades which I've listed below.

On GU I'll list the times of the signal bars and the tp amounts tp1,2,3, (forgotten how to upload a chart).

6.55 ~ 7,0,0.
7.06 ~ 7,15,0.
7.32 ~ 11,11,19.

As I said earlier I closed tp3 on the last trade early because it gave me a decent profit for the day and allowed me to finish early. This trade eventually yielded more but I'm still great believer in the "bird in the hand".
rgds, strada.
  • #3,530
  • Apr 7, 2011 7:41am Apr 7, 2011 7:41am
Quoting jacksonphili
Cmoss,

I totally agree with you,
I took a few days off just to test this system and what you said is absolutely correct. Wait for the rules to apply and then Strike for small profits.
There were a few losses, but over all it is awesome.. I tried it Different Currencies.. Check out my trades for the past three days

Its awesome, i havent got it 100%, i got in AU to sell on 4-5-11 and had a large SL and it hurts but i am still up on the week and have had 3 straight winning weeks

Strada this 1M TF is tough
  • #3,531
  • Apr 7, 2011 11:27pm Apr 7, 2011 11:27pm
Quoting Forexaccount
Are these trades on 15 minute chart?
Hi Forexaccount,

I should say that I'm kinda scared looking at anything below the 30m Chart..
I keep the 1hr chart open and when I see a clear Dent in the MAs.. ( not a curve ) , I switch to the 30m and then wait for the crossing, the moment i see the crossing I use my HOT Key to put in a trade ( ALT+S = 0.2 Lots Short , TP = 8pips ).. ( ALT+B = Opposite of ALT+S )
Sometime it take really long for the TP to be hit, but I guess its because of the time that I initiated the trade.. During normal Trading Hours, I've seen that the TP gets hit in about 1hour - 2 hours..
I need to learn how to minimize risk and get my Stop Loss thingy in place.. I guess i've been lucky till date..
I think everybody including CMOSS would agree to small profits and making it big in the long RUN
  • #3,532
  • Apr 7, 2011 11:35pm Apr 7, 2011 11:35pm
gu sell signal @ 1.6303 this morning at 9:30 was painful

how do i avoid these?
  • #3,533
  • Apr 7, 2011 11:38pm Apr 7, 2011 11:38pm
Quoting jacksonphili
..
I think everybody including CMOSS would agree to small profits and making it big in the long RUN
agreed i got greedy this morning and got slaughtered like a hog, not fat like a pig.
  • #3,534
  • Apr 7, 2011 11:40pm Apr 7, 2011 11:40pm
Quoting Cmoss
Its awesome, i havent got it 100%, i got in AU to sell on 4-5-11 and had a large SL and it hurts but i am still up on the week and have had 3 straight winning weeks

Strada this 1M TF is tough
CMOSS i know the feeling. I make up my mind to just make a max of 2 trades a day ( 0.2 Lots x 8pips x 2trades = $32 ) and then go do something else, but when i see these crosses coming my way, the Greed takes over and I get in over and over again. Sometimes 5-6 trades at a time...Thankfully, none of those Impulse Trades led to any serious damage..

Like many people say simple charts, simple Method, Consistant performance..
  • #3,535
  • Apr 8, 2011 2:25am Apr 8, 2011 2:25am
long cable 1 min 16383 sl 16371.
TP1 16390.
Attached Image (click to enlarge)
Click to Enlarge Name: cable 1 min.PNG Size: 71 KB
  • #3,536
  • Apr 8, 2011 4:17am Apr 8, 2011 4:17am
position closed at 16410, re-cross of the MA's.
TP1 hit +7
Tp2 16396 +13
Tp3 16410 +27.
  • #3,537
  • Apr 8, 2011 4:28am Apr 8, 2011 4:28am
Nice one AJ, I had something very similar from that trade. I did one more trade after that and finished for the day, 5 trades, 4 profitable.
rgds, strada.
  • #3,538
  • Apr 8, 2011 5:58am Apr 8, 2011 5:58am
Quoting strada
Nice one AJ, I had something very similar from that trade. I did one more trade after that and finished for the day, 5 trades, 4 profitable.
rgds, strada.
Thanks strada
Trading on the 1 min is really busy. Can I ask what would stop you from taking on a trade if the MA/RSI cross, what other factors do you look at when deciding if to pull the trigger.

Thanks Aj1
  • #3,539
  • Apr 8, 2011 6:26am Apr 8, 2011 6:26am
Hi AJ,
News obviously or any imminent announcements/speeches from Central Banks etc.
Also be alert around 7am (europeans started, far east winding down, expect increase in activity), 8am (markets open, UK now active), Noon till 1pm (US becoming active), 2.30pm Dow opens. Now this can be a mixed bag, you'll often get good signals around these times but if you're already in a trade then watch out for increased activity.
Otherwise congestion is probably the biggest enemy and not always easy to see until you're in it and maybe had a couple of losing trades. So I watch out for that after any strong moves. Likewise any strong S&R and the big numbers (EU has really struggled today over 1.4400).
  • #3,540
  • Apr 8, 2011 7:15am Apr 8, 2011 7:15am
Strada (Arrangio - still a user I see)

It's tricky. Getting in on the crosses is easy, picking one that will run into profit is not so. (Although it's gratifying how many do work out)
Waiting for an additional couple of pips in your direction is very wise.


Do you pay attention to:
MAs
the SLOPE of the MA(s) - the steeper the better?
the GAP between the MAs - increasing or maintaining, diminishing?
{I currently look at both}

Anything from the:
RSI
the position ie distance from 50?
the slope of the RSI line?
{I have not found these any use}

Have a good weekend, guys.

rorieu
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