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Bagovino Method

  • #181
  • Sep 1, 2006 1:07am Sep 1, 2006 1:07am
I shouldn't of get in too early.... I know. I was testing OrangeRoshan settings and got some 10 pip here and there till RSI21 cross. Besides that, I was looking at 15, 30 min chart. Lets see I will learn my lesson in bad way!
  • #182
  • Sep 1, 2006 1:41am Sep 1, 2006 1:41am
Quoting Tick
...I learned a little about fibs and would like to be more knowledgeable about them...I have fibs with my charts and I want to incorporate them with my trading...
Greetings Tick. As you might know from my prior posts this is one area that AccuCharts fails in. For instance, it is very common to have the following FIBO retrace/extensions be quite useful during trading:

2
1.618
1.27
1.18
1
0.146
0.236
0.382
0.50
0.618
0.764
0.854
0.1

There are whole trading methodologies based around the idea that a 76.4 bounce up usually will find it's profit at the 1.18 or 1.27, this is actually quite predictable with certain currencies/harmonics. I have each of these levels of retracement/extension in my MT4 FIBO tools (all of them), but on AccuCharts you can only have a handfull and that's it!

There are so many nice things about the AccuCharts! FIBOs are just not on the nice list.

,-(
Thom
  • #183
  • Sep 1, 2006 2:11am Sep 1, 2006 2:11am
Quoting bagovino
Tick,


Someone posted that the lines on your charts are different then others. They are different than mine as well. Especially your 18/28 lines. Are you sure they are EMA's???

What ever they are they seem to work!

B.
I checked all of my charts... the 5 and 12, along with 18 and 28 are Moving Average - Exponential. There are two types of EMA's one is Exponential and the other is Exponential OHLC. I have the first one set on my charts. I personally checked all 60 charts to ensure that they are Moving Average - Exponential's.

Green is 5 Moving Average - Exponential
Yellow is 12 Moving Average - Exponential
Both Reds are 18 and 28 Moving Average - Exponential

Thanks for making the fib's more clear. I received many great articles and training materials from our fantastic forum members.

Tick
  • #184
  • Sep 1, 2006 2:13am Sep 1, 2006 2:13am
Quoting bagovino
Anyone see a Euro long happening????
I see a slight short but not a long...

Tick
  • #185
  • Sep 1, 2006 2:19am Sep 1, 2006 2:19am
Accrete
Quoting accrete
Greetings Tick. As you might know from my prior posts this is one area that AccuCharts fails in. For instance, it is very common to have the following FIBO retrace/extensions be quite useful during trading:

2
1.618
1.27
1.18
1
0.146
0.236
0.382
0.50
0.618
0.764
0.854
0.1

There are whole trading methodologies based around the idea that a 76.4 bounce up usually will find it's profit at the 1.18 or 1.27, this is actually quite predictable with certain currencies/harmonics. I have each of these levels of retracement/extension in my MT4 FIBO tools (all of them), but on AccuCharts you can only have a handfull and that's it!

There are so many nice things about the AccuCharts! FIBOs are just not on the nice list.

,-(
Thom
I have been looking at the AccuCharts and applying their Fibs and they don't work well at all. You are 100% correct in your statement. Their Fibs don't mark their lines with numbers. Disappointing.

Tick
  • #186
  • Sep 1, 2006 2:26am Sep 1, 2006 2:26am
Quoting Tick
I see a slight short but not a long...

Tick
Do you see Ascending Triangle tho? Is that my hopefull illusion?
  • #187
  • Sep 1, 2006 2:29am Sep 1, 2006 2:29am
Tick,


There was a long at the time of the post, but it's now resting on the 61% fib. That was before I realized there was news coming... Things will be stagnant until the news comes out at the NY open.

Bago
"Skills pay the bill's!"
  • #188
  • Sep 1, 2006 2:35am Sep 1, 2006 2:35am
Quoting bagovino
Maybe I should not have introduced Fib trading yet as it can become very confusing for newbies! I thought it would help give insight as to the future of price movement. For those who want to learn I will continue to post... For those who do not, please disregard and follow the basic system. You will still do very well!

Some fib answers.... I draw the most recent moves on each time frame.. As far as updating the 1hr... like this morning we had a drop. When it finally stalled out I then drew a fib. I still have it on the chart now awaiting the next move. I will trade the next move and draw a new fib when the next move stalls and most likely trade the retracement.

I hope this helps.

Bagovino
Hi Bagovino,

Maybe you could post a fib chart with an explanation. That may help some of us who don't use fibs much. I know I am willing to learn.
Dave If you can't swim with the sharks stay out of the water!
  • #189
  • Sep 1, 2006 3:40am Sep 1, 2006 3:40am
Eur/Jpy is looking like a long on the close of the current bar. Time at present 09.39 British Summer or 04.39 EST.
Attached Image
  • #190
  • Sep 1, 2006 3:48am Sep 1, 2006 3:48am
Maybe a long but look at my bottom indicator this is showing red. Red= no trading volume.
Attached Image
  • #191
  • Sep 1, 2006 4:37am Sep 1, 2006 4:37am
Fibbin Archie.

Enjoy.

BabeFX
Attached File(s)
File Type: pdf fibos_na.pdf   325 KB | 2,046 downloads
  • #192
  • Sep 1, 2006 11:47am Sep 1, 2006 11:47am
i am trying to see if i am getting this trading down. I entered a long here. this is from the 1 hr chart. please let me know how it looks. the second arrow is the 18/28 crossing

http://i34.photobucket.com/albums/d130/bmwboyee/eur.jpg
Attached Image
  • #193
  • Sep 1, 2006 12:36pm Sep 1, 2006 12:36pm
Quoting BabeFX
Fibbin Archie.

Enjoy.

BabeFX
Thanks for sharing with us!
Tick
  • #194
  • Sep 1, 2006 3:26pm Sep 1, 2006 3:26pm
BMW,

Looks good... How does the 15 and 30 min look? Also where are the fibs?

B.
"Skills pay the bill's!"
  • #195
  • Sep 1, 2006 5:30pm Sep 1, 2006 5:30pm
Hi guys,

I do not know if anyone has mentioned this already, or if maybe you already do it on your own, but when backtesting manually any method, you MUST make sure you are using a LINE CHART and not a CANDLESTICK CHART.

Why? When you manually scroll down the chart little by little and you see the crossing of EMA's you've been waiting for, you have to make sure you can perfectly see where in that moment the "price line" was in case you would have made the trade. Then when you scroll forward to see how the trade turned out, you can see exactly if the price line went in your direction or not.

With candlesticks or barcharts not always it is that clear to see such movements, especially when small.

I love candlesticks and barcharts for live trading, but while backtesting it can give a lot of illussions....more precisely, you cannot see all the movements "in between" the trade, which is super important especially when dealing with stop losses etc.

You have to ask yourslef the following when backtesting: "ok here's the perfect signal, yet look how the price went crazy for 12 hours before going in my direction: would I have had the balls to stay in this trade for so long while the price was jumping all over the place ?"

Take care

Future
"Lunch ? Lunch Is For Wimps !"
  • #196
  • Sep 2, 2006 2:05am Sep 2, 2006 2:05am
HI, ive been researching some methods, including this one and i think it can work but you guys should check out the Kolachi method. Ema crossovers generate to many whip saws. Good luck .
  • #197
  • Sep 2, 2006 2:41am Sep 2, 2006 2:41am
Dejonese and whoever else plans to come here and trash.
THese guys are trying to test out a method, and you are trashing it before they even finished testing it, if you have some ideas to make it better great, or ideas on how to trade with some other method great, please share.

No point in coming here and using the over used line, as dumb as Bush, etc.

But by all means, please contribute to this method, or lead people where they can learn what you think is a good method, or do you not have a successful method yourself? If you do, please lead us there, save us some time in learning.

Regards stricko
  • #198
  • Sep 2, 2006 5:23am Sep 2, 2006 5:23am
Hi,
Quoting dejonese
Good post seekingLight... backtest this through Esignal and a purely math program... its unprofitable, let alone a handle breaker... maybe i am doing it wrong, but this system is simply not working on ANY cross for me unles that cross is trending highly (in which case i can make more money just using SAR).
My biggest questionb concearns the exit/enter method... if you only enter after the ema's cross and wait for the RSI to cross up (and of course, you have to do it on close), and you exit the same way, you are always losing in a sideways or low trending market (thus the eternal problem with RSI and MAs).
Also, you say that you combine this with the vegas method... why??? its unnecessary, as the vegas method provides you with the enter/exit points and TP/SLs. What would you do when the emas and the RSI point up while the vegas method has you on sell??
Could you provide some of your more recent losing mechanical backtested results with dates, times, entries and exits?

And maybe Bagovino or Tick could respond and provide an explanation or comparison as to why their live trades are profitable as compared to a set of mechanically backtested trades. I suspect this may uncover some discretionary or intutitive rules that makes live trading profitable as opposed to mechanical backtesting.

Best regards
Alan
  • #199
  • Sep 2, 2006 6:27am Sep 2, 2006 6:27am
<TABLE class=tborder cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR title="Post 93592" vAlign=top><TD class=alt1 align=middle width=125>stricko108</TD><TD class=alt2>Dejonese and whoever else plans to come here and trash.

THese guys are trying to test out a method, and you are trashing it before they even finished testing it, if you have some ideas to make it better great, or ideas on how to trade with some other method great, please share.

No point in coming here and using the over used line, as dumb as Bush, etc.

But by all means, please contribute to this method, or lead people where they can learn what you think is a good method, or do you not have a successful method yourself? If you do, please lead us there, save us some time in learning.

Regards stricko



</TD></TR></TBODY></TABLE>
If people got nothing useful to add then dont add at all.
  • #200
  • Sep 2, 2006 6:51am Sep 2, 2006 6:51am
Dejonese and Seekinglight...


Did you boys have a bad experience trading Forex???? Very bitter and jaded are you?... Let me shed some "light"... If you knew anything, you'd know backtesting is B.S. Especially on a discretionary system such as this. There are tons of profitable systems out there that fail miserably in backtesting as well as some PIGS that backtest wonderfully!

Why dont you two start a thread as to why every method will fail? That will be much easier for you then creating a method that works!

B.
"Skills pay the bill's!"
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