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trading Dash Fibo V1- Forex Without Tears

  • #2,461
  • Feb 27, 2018 7:34am Feb 27, 2018 7:34am
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cut your losses short and let your profit run
  • #2,462
  • Edited 8:11am Feb 27, 2018 7:56am | Edited 8:11am
Quoting badeel
Guys i m doing and following MJ rules with dead accuracy and timing but for me sometime good winning days and sometime bad loosing day and almost in week two days loosing and 3 days winning its my average but when i read this thread it looks that i m most stupid person on this thread everybody sweeping green pips and i m just hanging. guys its my luck or i m doing seriously wrong to follow MJ rules or we should make our own rules to win.
bleeze, badeel, bigboss... i have read all the discussion, and practice with this for around a week. i am still struggling to achieve consistency, and so i also discuss this with some traders here.

my conclusion is this:
1) this system works, but there are fine detail that we have to work out.
2) rule 1 said that enter at green+red, and yet my observation shows that entering when green is still low (say 65-70) or red is still high (say 30-35), price could easily fall back to neutral gray and hit your SL.... so you may want to be stricter with the numbers. maybe only consider green at 75/80 at min or red at 20/25 at max. i'm still doing trial and error on this.
3) rule 1 trading during asian session are not consistent with so many whipsaws (back and forth green-neutral, or neutral-red), but london indeed shows potential. new york post lo also seems promising, but my data is too few to justify trading in asian and new york post london.
4) rule 4 works, but your chosen master or slave (let's call it anchor) must stay on master area or slave area through the trade, not back to neutral (refer to my point 2) that soon.
5) only enter when the direction of csm for your anchor is on the right direction of your preference. i said only anchor direction here, the direction for the pair of the anchor is irrelevant as long as the direction for the anchor is the right one. for example GBP basket: GBPUSD, GBPJPY, GBPNZD... if you want to buy GBP basket, csm must show GBP up arrow, while USD, JPY, NZD arrow direction are irrelevant.
6) you may want to analyze your chart for better pics on price action situation. i suspect that when price falls back way too soon from master to neutral gray, we have bull trap. or too soon snaps back from slave to neutral gray, we have bear trap.

i may need to add this more, i'll keep researching it until i show consistency. do i miss something here guys, please let me know as i'm also learning a lot from this thread of mjyoung.
  • #2,463
  • Feb 27, 2018 8:51am Feb 27, 2018 8:51am
This result makes me laugh. Strictly Rule 1-4
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  • #2,464
  • Feb 27, 2018 10:19am Feb 27, 2018 10:19am
Strategy MJ in its purest form does not work is a fact !!! all those who earn use many other indicators and use only the strength of currencies as a reference point. Who disagrees with me let him show how he entered and how it corresponds to the rules of MJ
  • #2,465
  • Feb 27, 2018 10:26am Feb 27, 2018 10:26am
Quoting Kafe65
my day ... {image} {image} day end !
I just found this thread and it looks like your doing well...I really like your chart tpl file
is there a chance you would share that with me

thanks in advance
  • #2,466
  • Feb 27, 2018 10:26am Feb 27, 2018 10:26am
Last trade for the day....EUR short closed at 200pips
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cut your losses short and let your profit run
  • #2,467
  • Edited 11:25am Feb 27, 2018 10:32am | Edited 11:25am
Quoting Wallaa
Could not Help it. Took more trades. Hello Bleeze and Ranger, any trades today? The market is very funny this morning. {image}
nice
  • #2,468
  • Feb 27, 2018 11:24am Feb 27, 2018 11:24am
Quoting BillyKay
{quote} Hi MJ, I did not take those trades, was out and about. They all fit entry requirements tho. EJ and EG were wee corrections {image} {image} {image} {image}
Its kinda weird to see another traders chart look so much like your own...good job
I do like the additions you added and how you trade...I saw you sent your TPL and indicators to another trader here in a PM
can I ask to ger them also

thanks
  • #2,469
  • Edited 11:47am Feb 27, 2018 11:27am | Edited 11:47am
Quoting sdsn
Strategy MJ in its purest form does not work is a fact !!! all those who earn use many other indicators and use only the strength of currencies as a reference point. Who disagrees with me let him show how he entered and how it corresponds to the rules of MJ
Yes i am seeing different DB screenshot dont know all are doing on there own strategy or they follow master slave. And no one was posting the entered potion DB screen shot also. There is no use posting the profit earned screenshot

It will help other if everyone post there entry and closed DB screenshot
  • #2,470
  • Feb 27, 2018 11:30am Feb 27, 2018 11:30am
Quoting badeel
Guys i m doing and following MJ rules with dead accuracy and timing but for me sometime good winning days and sometime bad loosing day and almost in week two days loosing and 3 days winning its my average but when i read this thread it looks that i m most stupid person on this thread everybody sweeping green pips and i m just hanging. guys its my luck or i m doing seriously wrong to follow MJ rules or we should make our own rules to win.
I quite agree with you but d green pips you're seeing still have some red pips within,no matter how good a system is one will still have some losses but on a long run you will still end up profiting. On a trending day,you may end up only in green pips without a red but on a ranging day,one will get both but will end d day with profit even if it is little. We are humans and can't be on system 24/7 so sometimes we might come to the party late. With a EA with only rule one and rule 2,there won't be such an issue.
Some guys here have been on it for long and they have mastered it well so they have their own winning formula.
From my observation, a 70% (strength) won't come up if rule 4 is not in place in that currency,vice versa for 30%.(weak). So as a fresher with the system, I would advice one stick to rules 1-3.
  • #2,471
  • Feb 27, 2018 1:07pm Feb 27, 2018 1:07pm
Quoting BillyKay
{quote} GA was the pair to watch. Hope this helps {image}
on this image you posted...where you have highlighted and said this pair was the one to trade
what do each vertical rows mean?
can you explain more of your chart setup to me...PM if needed
  • #2,472
  • Feb 27, 2018 1:23pm Feb 27, 2018 1:23pm
I was very busy today to monitor my trades but I came out with this...
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Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #2,473
  • Feb 27, 2018 1:35pm Feb 27, 2018 1:35pm
Sorry for not responding to the my pms, today has been very busy for me.

Those interested with the free seminar with Mj in Lagos, Nigeria can call Bigboss for more info.

Check my profile to assess Bigboss' number.

Thanks.

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #2,474
  • Feb 27, 2018 1:48pm Feb 27, 2018 1:48pm
Quoting D-alpha
This result makes me laugh. Strictly Rule 1-4 {image}
Check your pm now. Sorry for replying late.

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #2,475
  • Feb 27, 2018 3:31pm Feb 27, 2018 3:31pm
Quoting bleeze
{image}
Is this Auto or Manual?
  • #2,476
  • Feb 27, 2018 9:56pm Feb 27, 2018 9:56pm
Is this position i have taken is right need your comments
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  • #2,477
  • Feb 27, 2018 10:28pm Feb 27, 2018 10:28pm
Quoting Opemipo
I was very busy today to monitor my trades but I came out with this...{image} Olufemi
You pick the trade one by one as per the rule or just buy or sell the whole currency basket as per signal
  • #2,478
  • Feb 27, 2018 10:47pm Feb 27, 2018 10:47pm
Quoting comeback2000
{quote} You pick the trade one by one as per the rule or just buy or sell the whole currency basket as per signal
I just buy or sell the whole currency .

Thanks.

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #2,479
  • Feb 28, 2018 12:15am Feb 28, 2018 12:15am
Quoting opemipo
if mj will allow me to let the cat out of the sack. Something big is happening in lagos for nigerian forex traders. Mj, myself and bigboss will be physically there. It is a free seminar. For more info, pm any three of us. Olufemi
lagos !lagos!! Lagos!!
Mjyoung in lagos region
101% free.
Biggboss,opemipo and myself will be in that forex seminar.
1. We will be around for a week
2.i will be trading live
3.if you have ever dream of being a successful trader then it is your time.
The 2fast and furious visit lagos for real

mjyoung
call or text
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  • #2,480
  • Feb 28, 2018 12:27am Feb 28, 2018 12:27am
Quoting mjyoung
{quote} world fastest forex jet 1203% in 10 days 200usd deposit if it is not 2fast then it is not 2furious result can continue... Mjyoung {image} {image}
2fast and furious team visit lagos nigeria 101% free
make your broker beg you for a losing day.
Mjyoung live in lagos for a week with the biggboss and the one and only opemipo.
Text or call now

mjyoung
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