oh dear, a big smiley face.... not good...

from a professinal point of veiw you should allways cut frequencys never boost as this can hinder your system, like useing more of its power o/p to a certain frequency, this is not good... you should listen to your system flat to start with, all the faders at the center, then push each one indervidually and see which ones your ears like and dont like, the ones you do like leave in the center and the ones you dont like move them down untill they sound right for you... as i said there is no real way of setting an eq up but you can follow guide lines on how to set it for your ears, if you end up with a sort of flat line with a few frequencys dropped out then your on the right track to having your system right in the first place, if your find yourself taking loads of frequencys out then you will ned to look at your set up to find a good start.... on all my systems i dont use eq's as they are right in the first place...