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trading Dash Fibo V1- Forex Without Tears

  • #1,861
  • Feb 4, 2018 2:52am Feb 4, 2018 2:52am
Quoting Mjyoung
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...
Thanks my Countryman, i am following your good step as you are helping us to help others as well
  • #1,862
  • Feb 4, 2018 3:06am Feb 4, 2018 3:06am
Quoting Degolep
{quote} 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?
i will answer your question my friend as you asked them so

1 well from the first screenshot at 8:15, i was just trying to make a point that currency strength and weakness might not be measured accurately at that time,so little patience will be good. No i did not look at the difference, i made the first screenshot at 8:15 just for this explanation purposes. Taking all master and slave trade at that time might not be wise because of your account equity and trading lot size, i was able to take those trades because of my account size which might not be applicable to everybody. so yes you can take all slave and master at the same time at 9:15 but you have to be cautious of your account equity.

2 I have been trading dash using mj style at side line for some time now you know just a few pairs per day like many others here, but i started using this based on my market experience about two weeks ago and always profitable everyday.

3 yes i closed all trade before NY Opens, I told you there are ways market behaves in each session and with time you will know that.
  • #1,863
  • Feb 4, 2018 3:28am Feb 4, 2018 3:28am
What SL and TP do you use for your baskets?
  • #1,864
  • Feb 4, 2018 3:29am Feb 4, 2018 3:29am
Quoting bigboss12
{quote} i will answer your question my friend as you asked them so 1 well from the first screenshot at 8:15, i was just trying to make a point that currency strength and weakness might not be measured accurately at that time,so little patience will be good. No i did not look at the difference, i made the first screenshot at 8:15 just for this explanation purposes. Taking all master and slave trade at that time might not be wise because of your account equity and trading lot size, i was able to take those trades because of my account size which might...
Thank you.

In your 11 years of trading torex is your experience that if one currency is strong or weak London +15 it stays that way for few hours?
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,865
  • Feb 4, 2018 4:27am Feb 4, 2018 4:27am
Quoting bigboss12
{quote} 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...
I checked your profile, are you from Montenegro? Or you are a Nigerian but you live in Montenegro.

It seems you do not get my message very well. The point I was driving home is that I want to get a good fill on how you trade FIBO dash.

Teaching it in Mj’s thread may lead to distraction. Since Mj has given permission, you can go ahead.

When the market opens for the week you can go ahead to teach us step by step.

The truth is that there are 1,001 ways to trade the dash. I have ways I trade it too most times different from Mj’s style but

I am very busy to teach it for now. Please carry go my good friend. You are blessed!

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #1,866
  • Edited 6:53am Feb 4, 2018 4:45am | Edited 6:53am
bigboss, if I'm right, you trade that way:

1. you choose all master and slave trades (= daily and weekly strength same colour)
2. you calculate the number of trades and out of this the lot size/trade, dependent on your desired risk
3. you calculate TP and SL, dependent on your risk (10 k = 500$ = 5% of you balance); TP1 = TP for basket or for single trade?
4. you enter the values into the settings of the dash
5. you press all buttons of the masters and slaves (red button = sell, green button = Buy)

correct?

questions: what are you doing, when the market turns, before your first tp (here 200 pips) is reached? Waiting for SL (=500 pips) or exit earlier (when?)? Exit single trades or basket?

Do you enter further baskets between London and NY ?

How do you handle red news (f.e GBPUSD news during London session)?
  • #1,867
  • Feb 4, 2018 7:03am Feb 4, 2018 7:03am
Quoting bleeze
{quote} right....my bad...i changed it because of the slow day and i stepped away from my desk....didnt remember that..... also here iis the offline to confirm the basket trades ii took {image}
Hi!
Do you use currency indexes? I can't read anything from the pictures. Which broker offers these indexes? I found only EUR and USD whit a lot of searching. And there is indicators to show other indexes, but these are not such useful. Thank you!
And thanks Mj for the indi, it is great!
  • #1,868
  • Edited 8:44am Feb 4, 2018 8:27am | Edited 8:44am
Quoting Opemipo
{quote} I checked your profile, are you from Montenegro? Or you are a Nigerian but you live in Montenegro. It seems you do not get my message very well. The point I was driving home is that I want to get a good fill on how you trade FIBO dash. Teaching it in Mj’s thread may lead to distraction. Since Mj has given permission, you can go ahead. When the market opens for the week you can go ahead to teach us step by step. The truth is that there are 1,001 ways to trade the dash. I have ways I trade it too most times different from Mj’s style but I...
my good friend OPEMIPO.nothing to worry about ok Biggboss is a Nigerian he called me about 2weeks ago and we spoke on phone ok so let's move on, during the week we will all talk on phone.THERE IS MORE WORK TO BE DONE IN OUR NATION .MY PASSION IS A NEW REVOLUTION OF FX TRADERS IN THIS NATION.
.talk with you guys on phone later

mjYOUNG
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  • #1,869
  • Feb 4, 2018 8:31am Feb 4, 2018 8:31am
Quoting bigboss12
{quote} Thanks my Countryman, i am following your good step as you are helping us to help others as well
  • #1,870
  • Feb 4, 2018 8:45am Feb 4, 2018 8:45am
Mjyoung actually whole world need revolutionary personality which may bring changes in their lives in whole world most of people struggling and struggling hard life is getting challenge
  • #1,871
  • Feb 4, 2018 9:32am Feb 4, 2018 9:32am
Quoting bigboss12
{quote} if you read my explanation very well you will see what am saying but this has answered your question thanks {image}
Thanks Bigboss. I now get it. But what is the point hedging Master/Master or Slave/Slave? Is is not unnecessarily increasing your margin without any benefit to your bottomline. When you close the basket, the profit made from buy (or sell) is cancelled out by the opposite trade. For me, it is better not entering the opposite trades unless you are not closing the two opposite trades at the same time. Or is there something I am not seeing well?
  • #1,872
  • Feb 4, 2018 9:42am Feb 4, 2018 9:42am
Quoting Mjyoung
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...
Thanks Mjyoung and others who have offered instructive information on this system. To a large extend, I believe anyone who has read the whole post would have understood the fundamentals of this Dash trading. But I will appeal to Mjyoung to also teach the Third Way he mentioned (the way he and AHHAMIDZ trade it). That method seems more fast and furious. Lol. At least one can choose and customize which method he likes best.

Thanks again my good friends
  • #1,873
  • Feb 4, 2018 9:43am Feb 4, 2018 9:43am
Quoting Mjyoung
{quote} my good friend OPEMIPO.nothing to worry about ok Biggboss is a Nigerian he called me about 2weeks ago and we spoke on phone ok so let's move on, during the week we will all talk on phone.THERE IS MORE WORK TO BE DONE IN OUR NATION .MY PASSION IS A NEW REVOLUTION OF FX TRADERS IN THIS NATION. .talk with you guys on phone later mjYOUNG {image}
Count me in Bros!!! You are the BEST!!!
  • #1,874
  • Feb 4, 2018 9:43am Feb 4, 2018 9:43am
I don't understand where auto trade promised Mjyoung?
  • #1,875
  • Feb 4, 2018 9:59am Feb 4, 2018 9:59am
Quoting manlukas
{quote} Thanks Bigboss. I now get it. But what is the point hedging Master/Master or Slave/Slave? Is is not unnecessarily increasing your margin without any benefit to your bottomline. When you close the basket, the profit made from buy (or sell) is cancelled out by the opposite trade. For me, it is better not entering the opposite trades unless you are not closing the two opposite trades at the same time. Or is there something I am not seeing well?
This is what I do if am buying 2 real masters basket for example EUR basket and GBP basket, I just take out EURGBP pair from the trade. Cos there's a chance EURGBP will be ranging cos EUR and GBP is strong.
cut your losses short and let your profit run
  • #1,876
  • Feb 4, 2018 9:59am Feb 4, 2018 9:59am
Quoting sdsn
I don't understand where auto trade promised Mjyoung?
i don't understand your question
  • #1,877
  • Feb 4, 2018 10:18am Feb 4, 2018 10:18am
Quoting Mjyoung
{quote} i don't understand your question
where to trade in a auto that without hands?
  • #1,878
  • Feb 4, 2018 10:23am Feb 4, 2018 10:23am
if the in the plus auto not working, the strategy is not perfect
  • #1,879
  • Feb 4, 2018 1:18pm Feb 4, 2018 1:18pm
please explain this picture
advance thanks for your explain
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  • #1,880
  • Edited 9:05pm Feb 4, 2018 8:39pm | Edited 9:05pm
Quoting manlukas
{quote} Thanks Bigboss. I now get it. But what is the point hedging Master/Master or Slave/Slave? Is is not unnecessarily increasing your margin without any benefit to your bottomline. When you close the basket, the profit made from buy (or sell) is cancelled out by the opposite trade. For me, it is better not entering the opposite trades unless you are not closing the two opposite trades at the same time. Or is there something I am not seeing well?
Good morning people yes the best and the right way to go about it is as suggested by bleeze you remove the the two strong or weakest pairs traded.
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