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Bagovino Method

  • #521
  • Sep 7, 2006 5:36pm Sep 7, 2006 5:36pm
Would anyone be interested in a Text Messaging Alert service for all signals generated by the Bagovino method?- 24/7 drop me an email
Thanks
Trade what you see - Not what you think
  • #522
  • Sep 7, 2006 5:45pm Sep 7, 2006 5:45pm
Quoting bagovino
Sorry... forgot this!!!!



B.
Bago ,

What was your entry price, on the USD./CAD chart, just that the Bagovino method wouldn't get you in ( 5/12 cross and rsi above 50) until the close of the large green bar, and the price hasn't moved much since then,although it might.So, when you say it doesn't get much easier than this , what do you mean
  • #523
  • Sep 7, 2006 5:48pm Sep 7, 2006 5:48pm
Quoting bagovino
Sorry... forgot this!!!!



B.
I can see that taking the trade at the zero fib line worked, but that's not part of the Bagovino method is it?Are we incorporating fib trades as well as 5/12 and rsi?
  • #524
  • Sep 7, 2006 7:44pm Sep 7, 2006 7:44pm
Milenko,

I do use fibs to trade. I mentioned in an earlier post that I sometimes take trades before the Bagovino signal if there is a strong Fibonacci set up. I draw my own fib lines as well as use the Vegas 1Hr template. The purpose of the Vegas in this system is just for the use of the real time fib lines drawn on the chart.

Example, If price is riding high on the top Fib line we are looking to short when the Bago system signals. Opposite to go long.

Another tool is using multiple time frames to identify momentum.... 15min. 30min. & 1hr. You can also refer to 4hr for overall direction of price. So what you want to do is first identify where price is. Are you looking for a long or short? Once you figure that out you pull the 15 min chart. Look for a cross in that direction. When it does you look to the 30 min chart for a cross in your desired direction. When there is a cross there you go to the 1 hr and wait for the cross.... When all 3 are crossed in the same direction you have a strong trade signal. I sometimes enter on the 30 min cross if price is exhausted... meaning too high and ready to come down or too low, riding the low fib line looking for a bounce.

I hope this post gives you guys a few more ideas to incorporate into your trading style.

Bagovino
"Skills pay the bill's!"
  • #525
  • Sep 7, 2006 8:07pm Sep 7, 2006 8:07pm
Milenko,

Here is a chart posting why I took the Cad long early.

Price was drifting lower as the MACD was rising. This is called divergence. It implies that the move down is running out of steam and we are favoring a reversal.
We had a 5/12 cross earlier and 21 RSI crossed the 50. I do not always wait for the close of the bar to enter the trade if I have many good reasons for entering a position. This is where a traders discretion comes into play. I dont need to wait for a bar close for confirmation as I have comfirmation from other clues like MACD divergence and fibs.

As I said, this is not purely mechanical. Which is why there can not be a successful EA created for this method. This is an example in which an EA would have made a bad trade. It would have opened the position after the move already happened.

Bagovino
"Skills pay the bill's!"
  • #526
  • Sep 7, 2006 8:09pm Sep 7, 2006 8:09pm
Damn!!! Forgot the chart again!!!!!!

Here it is.....

B.
Attached Image
"Skills pay the bill's!"
  • #527
  • Sep 7, 2006 8:19pm Sep 7, 2006 8:19pm
To Bago,
Can you explain your fibs line? How do you draw and setup it?
In my chart I draw some fibs line, but I do not know which one is your mention?
Thanks for your sharing!
Attached Image
A member from Viet Nam. Forex changes my life
  • #528
  • Sep 7, 2006 8:27pm Sep 7, 2006 8:27pm
Quoting chucuoi
To Bago,
Can you explain your fibs line? How do you draw and setup it?
In my chart I draw some fibs line, but I do not know which one is your mention?
Thanks for your sharing!
Hi, I just searched the thread it is explained in post #163.

Thanks
Provin
  • #529
  • Sep 7, 2006 8:30pm Sep 7, 2006 8:30pm
See post #493 for a thorough description on how I draw and use fibonacci.


Bagovino
"Skills pay the bill's!"
  • #530
  • Sep 7, 2006 8:31pm Sep 7, 2006 8:31pm



SORRY.... POST #492!

Enjoy.

Bagovino
"Skills pay the bill's!"
  • #531
  • Sep 7, 2006 9:03pm Sep 7, 2006 9:03pm
Quoting bagovino
Sorry... forgot this!!!!



B.
hi bago, what was your setting on the macd? (12/26/9 with close pricing) ?? thanks
  • #532
  • Sep 7, 2006 9:47pm Sep 7, 2006 9:47pm
Yep. Standard MACD settings.

B.
"Skills pay the bill's!"
  • #533
  • Sep 8, 2006 4:55am Sep 8, 2006 4:55am
I atach. USD JPN 1 hour, if cross and about pivot and RSI buy?
please experts analysis,,
Im not very sure with this trade if all will be allright
Thx bj
Attached Image
BJ
  • #534
  • Sep 8, 2006 5:15am Sep 8, 2006 5:15am
Quoting brainjt
I atach. USD JPN 1 hour, if cross and about pivot and RSI buy?
please experts analysis,,
Im not very sure with this trade if all will be allright
Thx bj
Could be a good trade, has been ranging the past day, if it can strongly break through the tunnel around 116.50 it would look pretty good. I also find that for fib and retracements, they are more effective on longer timeframes, just IMO.
  • #535
  • Sep 8, 2006 7:29am Sep 8, 2006 7:29am
Quoting bagovino
Milenko,

Here is a chart posting why I took the Cad long early.

Price was drifting lower as the MACD was rising. This is called divergence. It implies that the move down is running out of steam and we are favoring a reversal.
We had a 5/12 cross earlier and 21 RSI crossed the 50. I do not always wait for the close of the bar to enter the trade if I have many good reasons for entering a position. This is where a traders discretion comes into play. I dont need to wait for a bar close for confirmation as I have comfirmation from other clues like MACD divergence and fibs.

As I said, this is not purely mechanical. Which is why there can not be a successful EA created for this method. This is an example in which an EA would have made a bad trade. It would have opened the position after the move already happened.

Bagovino
No Comment
Charting Markets into the Future...Mﾇ者問ぎﾂ･.
  • #536
  • Sep 8, 2006 7:44am Sep 8, 2006 7:44am
Quoting summitfx
Would anyone be interested in a Text Messaging Alert service for all signals generated by the Bagovino method?- 24/7 drop me an email
Thanks
good idea... But i think via MSN 'll be better to discuss ...
Charting Markets into the Future...Mﾇ者問ぎﾂ･.
  • #537
  • Sep 8, 2006 8:08am Sep 8, 2006 8:08am
the idea for me is to not have to sit in front of my computer waiting for the magic signals. i've been a full time trader for 8 years and getting a bit groggy mate. If I get a txtmsg I can pop into my office and look over the chart and pull the trigger if it looks valid. I learn a lot from you Mr. Maxey .
I appreciate all of your excellent insights


Quoting MaXeY
good idea... But i think via MSN 'll be better to discuss ...
Trade what you see - Not what you think
  • #538
  • Sep 8, 2006 8:10am Sep 8, 2006 8:10am
Quoting summitfx
the idea for me is to not have to sit in front of my computer waiting for the magic signals. i've been a full time trader for 8 years and getting a bit groggy mate. If I get a txtmsg I can pop into my office and look over the chart and pull the trigger if it looks valid. I learn a lot from you Mr. Maxey .
I appreciate all of your excellent insights
LOOL, am not mr. am still 22 Years :
Charting Markets into the Future...Mﾇ者問ぎﾂ･.
  • #539
  • Sep 8, 2006 8:16am Sep 8, 2006 8:16am
I don't know you seem pretty grown up to me Sir: Do you have to be old to be considered a Mr. ???

I've just decided that i spend wayyyyyyyyyy too much time conversing on FF.

Have a great weekend!

ps: For some reason, I'm facinated that you are in Cairo? Tell me about your situation if you want. I have this vision of Camels and sand. you seem really hip if you catch my drift

Do you have characters like SnoopDogg and Paris Hilton in Egypt?


Quoting MaXeY
LOOL, am not mr. am still 22 Years :
Trade what you see - Not what you think
  • #540
  • Sep 8, 2006 8:20am Sep 8, 2006 8:20am
I would be interested in the text message service
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