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trading Dash Fibo V1- Forex Without Tears

  • #1,841
  • Feb 2, 2018 4:11pm Feb 2, 2018 4:11pm
Not too bad for the week...
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Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,842
  • Feb 3, 2018 5:39am Feb 3, 2018 5:39am
Quoting Mjyoung
{quote} thanks my friend.i have discovered that no matter how many times you show your trades people still believe what they want.they just want to see you fail so they can have excuse for their own failure.next they will ask me to show them my Nigerian bank account statement as a prove.after all i have shown it before on GVC thread.later i realized that people only believe what they want. mj

Careful with them Nigerian Banks my friend. For the past 20 years those mugus have been sending me emails regarding a few million dollars which a late relative, or the president in exile, have left for me. They could never scam me though, always 101 steps ahead. Stay safe.
  • #1,843
  • Feb 3, 2018 5:50am Feb 3, 2018 5:50am
Quoting ahhamidz
We can divide the market into two times. First: an hour before London to start the US market. Second: two hours after the start of the US market and three to four hours later. In the first market, according to Mjyoung's theory. (Mjyounges is the most successful system. You must focus and do the exercises. Forget the rest of the system during the training session.) You can at the end of the first market. Stop working. And wait for the next day. Or you can get a job Second market. . Any currency that was very strong or weak on the first market. In...
Sir/Madam,

Congratulations. Your command of the english language has become exceptionally well. No need for the "Sorry for english. Is google translation" anymore. 100+ points for the above comment, which Google did not translate, considering in your previous posts, you couldnt put a short sentence together. Well done you
  • #1,844
  • Feb 3, 2018 10:08am Feb 3, 2018 10:08am
Well i will use this opportunity to explain how i use this Dash and how you can use it too.

Disclaimer: All MJyoung rules are good and you should follow it. Follow my explanation at your own discretion.

But for those sending messages to me and wondering how and why some of us are having lots of trades myself included this is why i have lots of trades cant answer for others.


I will contradict some of MJYoung rules while explaining, but all of my explanation revolves round MJYoung rules and styles

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LETS GO

The Dashboard majorly compare the weakest and the strongest currencies together making it easy for us to pick or decide the direction of the market we are playing, if that is an edge we are looking for then the next thing is to know how best to use this edge in our favor. From Mj explanation he said he trades the dash 45 minutes before London opens which alot of people are following and doing and making greens , but i have been trading for the past 11years now which makes me to see the reason to be a little patient more so i go in 15minutes +LO why?

Answer : Because that is the major time the market makes it decision in where to go. i will use a simple diagram to explain this below
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That will show you what am trying to explain,

secondly, market react in each section differently and i will use my understanding to explain in my little way, the most powerful moves usually happens during London session, and sometimes during NY session when USD is releasing it news.
Market will always continue it move in London session and correct the previous session movement due to the fact that they are the people that moves the market most volume traded the highest during LO session.
Continuation, retracement or reversal that's the pattern of how market behaves during those sessions. in those cases where a previous retracement turn continuation happens Dash will let us know example Thursday and friday USD market behavior. irrespective of what we willl call it, the continuation from Thursday was felt on friday from USD pairs thats why we had jpy chf and Aud Losing to USD on Friday. And from the picture i was able to trade the usd reversal or retracement to make my pips of the Day check picture above for reference.


Thirdly, by now we know why i wait a little for entry determination,but to continue we need to check MJ rule two %change and pip diff those two are very important but i dont really consider then much why?

Because all pair have their daily range, example gbpnzd has a range of 180pips for example by the time am making my entry my pip diff was around 40pips and percentage change around 0.35 since i know how volatile this pairs is i will take my trade because i know at an average where this pair will get to if not more .

Let me stop here for now so that you guys can read this and send in your questions thanks
  • #1,845
  • Feb 3, 2018 10:44am Feb 3, 2018 10:44am
Has anyone of you experienced a loss day using the strategy?
How much drawdown in pips? Can you provide a screenshot
  • #1,846
  • Feb 3, 2018 10:44am Feb 3, 2018 10:44am
Allow me to thank you for these clear explanations.
I will re-read and re-read to fully understand your explanations.
For now no question.

thank you so much Bigboss12
Sorry for my English: Google translator
  • #1,847
  • Feb 3, 2018 12:24pm Feb 3, 2018 12:24pm
Quoting Girelli
Allow me to thank you for these clear explanations. I will re-read and re-read to fully understand your explanations. For now no question. thank you so much Bigboss12
You welcome, that's my little way of helping
  • #1,848
  • Edited 12:57pm Feb 3, 2018 12:44pm | Edited 12:57pm
I am doing this because have promised to explain some of this things to people and make it clearer.

The next thing we need to know now is to buy and sell buy strong currencies and sell weak currency simple i am sure we all know that, that will be based on your account size and risk level for lot size manipulations.

But for exit this is the most tricky part, i follow this simple rule for my exit and please this is my way which might not really mean you should make it yours. i have a 10k size account and i trade 0.1 lot size on it, i have my daily target at 500usd and stop the same, while those two are in place i also set 200USD first target locking 100USD giving me an edge even if price was unable to reach my profit target i will still make something out of the trade, that been said i close all my London opened trade 30 minutes before NY session opens. 12:30 my time.

NY session trading is not advisable but possible, entry time differs to LO session.
  • #1,849
  • Feb 3, 2018 1:11pm Feb 3, 2018 1:11pm
Quoting bigboss12
Well i will use this opportunity to explain how i use this Dash and how you can use it too. Disclaimer: All MJyoung rules are good and you should follow it. Follow my explanation at your own discretion. But for those sending messages to me and wondering how and why some of us are having lots of trades myself included this is why i have lots of trades cant answer for others. I will contradict some of MJYoung rules while explaining, but all of my explanation revolves round MJYoung rules and styles {image}{image} LETS GO The Dashboard majorly compare...
I want to appreciate you for the vivid explanations and the pictures.They really laid my worries and confusions to rest. I have one last question though:
You talked about basket trades in one of your charts posted. How do you select a basket trade? I mean do you simply click a button that will place trades pairing the weak pairs against the strong ones or do you click the buttons one after the other until you are done selecting the pairs that match your rules for entry?
The word"Basket' is really giving me headache. I would like to know how to place that.
Thanks again sir.
  • #1,850
  • Feb 3, 2018 1:56pm Feb 3, 2018 1:56pm
To be honest i do what i preach, i know trading is a timely thing if done wrongly no going back. just to clarify my answer very well i buy and sell directly from the panel below, but there some things to note.

Kindly watch the order column and you will see that some trades are coming in twice while some are buying and selling at the same time . you will always come out as a winner. but remember you are buying and selling slave to slave and master to master remember that please but all will still end up a winning trade.


Study those trades from the pic below and you will get it
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  • #1,851
  • Feb 3, 2018 2:03pm Feb 3, 2018 2:03pm
I am watching from the sidelines.I greet all my selfless 9ja people.Hopefully I will join the 2fast and furious team soon.but for the mean time. I greet all my Oga's on top
  • #1,852
  • Feb 3, 2018 3:04pm Feb 3, 2018 3:04pm
Quoting bigboss12
To be honest i do what i preach, i know trading is a timely thing if done wrongly no going back. just to clarify my answer very well i buy and sell directly from the panel below, but there some things to note. Kindly watch the order column and you will see that some trades are coming in twice while some are buying and selling at the same time . you will always come out as a winner. but remember you are buying and selling slave to slave and master to master remember that please but all will still end up a winning trade. Study those trades from the...
Bigboss12
Thanks for your clarification. But I dont understandyor comment as captured below:
but remember you are buying and selling slave to slave and master to master

Is it not Master to Slave and vice versa?. Also by your system, what dashboard readings will you consdier that the pair has gone far for trading? Or do you enter/trade every Master/Slave setup at LO+15minutes
  • #1,853
  • Feb 3, 2018 4:42pm Feb 3, 2018 4:42pm
i ve been reading this thread from page 1 to 93 i took many conlusions mjyoung and ahhamidz are mastering this strategy but i think not only following the 4 rules is
the key there is more truth about it for example i saw ahhamidz taking trades without rule number 2 and when someone asked him about that he said that practice is the key and he cant explain please guys help us tell us the truth i know that it is a good strategy we saw your profit and we are happy for you again it will be greatful if u tell us how do u trade and different scenarios and how we deal with them
  • #1,854
  • Feb 3, 2018 5:02pm Feb 3, 2018 5:02pm
BigBoss, I really appreciate you and love the way you are trading the dash. Your explanations are lucid and direct.

So, you have been trading forex for 11 years? That is very impressive and encouraging.

You have gone through mountains and valleys in forex. You are very much qualified to teach us. Keep it up sir!

Sir, I will candidly advise that you can go ahead and open your thread so that we can learn from your reserviour of experience.

By so doing, you will have time to teach us step by step and we will follow you as we are doing to Mj here.

This will enable the thread not to lose its original system being taught.

Thanks. I am looking forward to following you in your new thread.

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,855
  • Feb 4, 2018 12:55am Feb 4, 2018 12:55am
Quoting Opemipo
BigBoss, I really appreciate you and love the way you are trading the dash. Your explanations are lucid and direct. So, you have been trading forex for 11 years? That is very impressive and encouraging. You have gone through mountains and valleys in forex. You are very much qualified to teach us. Keep it up sir! Sir, I will candidly advise that you can go ahead and open your thread so that we can learn from your reserviour of experience. By so doing, you will have time to teach us step by step and we will follow you as we are doing to Mj here. This...


Good morning my Fellow Afonja and thanks for the compliment,

i have said it right from start that me answering some questions here is based on private messages that i received by members on how we have multiple trades which a lot of people are finding difficult to understand. Ope you sometimes have multiple trades as well. and i put up a disclaimer about all the information i gave out which i never rendered any of mj rules useless only for those people who wants to have multiple trades and know that rule 1 and 2 are not been followed at those times and they wonder what rules people are following to have such trades. i am sure you understand me now


More so, bro i dont have interest in having thread or diverting this thread i am sorry if that is how you see my explanation am just helping people who are asking questions. if 10% including you Ope, Mj sndn, ahhamidz are getting this dashand and 90% are not i think it will be fair for us to help others who are not since our Boss MJyounh helped all of us.

https://www.forexfactory.com/showthread.php?p=10739190#post10739190

some of the reasons why we need to explain some few things to them
  • #1,856
  • Feb 4, 2018 12:56am Feb 4, 2018 12:56am
Quoting montamessi1
i ve been reading this thread from page 1 to 93 i took many conlusions mjyoung and ahhamidz are mastering this strategy but i think not only following the 4 rules is the key there is more truth about it for example i saw ahhamidz taking trades without rule number 2 and when someone asked him about that he said that practice is the key and he cant explain please guys help us tell us the truth i know that it is a good strategy we saw your profit and we are happy for you again it will be greatful if u tell us how do u trade and different scenarios...

This is why we need to help people here since this is all about it
  • #1,857
  • Feb 4, 2018 1:11am Feb 4, 2018 1:11am
Quoting manlukas
{quote} Bigboss12 Thanks for your clarification. But I dont understandyor comment as captured below: but remember you are buying and selling slave to slave and master to master Is it not Master to Slave and vice versa?. Also by your system, what dashboard readings will you consdier that the pair has gone far for trading? Or do you enter/trade every Master/Slave setup at LO+15minutes
if you read my explanation very well you will see what am saying but this has answered your question thanks
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  • #1,858
  • Edited 3:01am Feb 4, 2018 2:49am | Edited 3:01am
let me clarify something here quickly.read my post in GVC THREAD 31 OCT 2017 WHEN I STARTED TEACHING FIBO V1 BEFORE I OPENED THIS THREAD BECAUSE OF CLASHES .I SAID THERE THAT THERE ARE FOUR WAYS AND 4 STEPS OF TRADING THIS DASH.
what i have taught is only 1way with 4 steps. there are 3 other ways.
the second is what bigboss my friend is talking about.the rules are diff from the first way.
the third way is the way MY FRIEND AHHAMIDZ AND I TRADE IT BUT THE FOURTH WAY IS NOT YET OUT HERE AND I HAVE NOT DISCUSS IT EVEN BY PICTURES OR CHAT YET.I HAVE SAID IF TEAM PERMIT WE WILL TALK ABOUT THEM OK SO BIG BOSS YOU HAVE MY PERMISSION TO SAY MORE ON THIS HERE IT WILL SAVE ALL THE STRESS AND ANY BODY CAN CHOSE HOW TO TRADE IT.BIGBOSS YOU ARR GOOD SO KEEP THE GOOD WORK UP SIR.THE ONLY THING I CARE ABOUT IS GREEN PIPS GUYS.
OPEMIPO,AHAMIDZ,BIGBOSS GO AHEAD YOU HAVE MY PERMISSION ON MY THREAD TO TEACH ANY THING .I LOVE YOU GUYS JUST MAKE SURE YOU KEEP THE GREENS COMING IN .
BEST REGARDS
MJYOUNG N TEAM
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  • #1,859
  • Feb 4, 2018 2:56am Feb 4, 2018 2:56am
Keep the good work going guys.we will soon be having coffee together in lagos soon.

Cheers.
Mj
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  • #1,860
  • Feb 4, 2018 4:29am Feb 4, 2018 4:29am
Quoting bigboss12
Well i will use this opportunity to explain how i use this Dash and how you can use it too. Disclaimer: All MJyoung rules are good and you should follow it. Follow my explanation at your own discretion. But for those sending messages to me and wondering how and why some of us are having lots of trades myself included this is why i have lots of trades cant answer for others. I will contradict some of MJYoung rules while explaining, but all of my explanation revolves round MJYoung rules and styles {image}{image} LETS GO The Dashboard majorly compare...
Thank you. I have 3 questions.

1. Correct me if I'm wrong. You make a screenshot at 8.14 and at 9.15 and then you decide which master/slave will you trade? What do you look at the picture difference? It seems you just took all the M/S at 9.15?

2. How many days did you try this and how many profitable?

3. Do you close all your trades before New York opens?
Anything above the line is an uptrend, below the line is a downtrend.
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