As you have found/selected your mobo in the list of those supported by MBM5, it appears you have gone through the MBM5 Config Wizard.
So, if you go to start > programs > MBM5, you should get the temp readings to pop up down in your sys tray. Right?
I usually check mine by looking at what's reported in the sys tray, then restarting and checking out what my mobo shows for cpu/sys temps in PC Health (or in whatever section of your BIOS it's called). Don't worry if there's small difference. The shutting down/re-booting etc usually changes the temps a degree or two.
To make changes to MBM5, right click on the temps shown in the sys tray. Choose Settings from the menu that pops up.
Here's how I then configure mine:
Under General (listed on the left hand side) Select english (duh) as the language and celsius for temps. Then you can select the interval that MBM5 will use to read temps. I have mine set to 10 seconds (or less is good too). This is basically how often it will take the temp and refresh the values shown.
You will also see that you can select it to start up with Windoze (I do this). But I do not opt to have the dashboard start. If I want to see it, I right click on the temps to pull up the menu and start it. The dashboard will shows voltages, fan rpm etc. It's handy, but I don't want in on my screen all the time.
Below General on the list to the left is Temps and Voltages. I don't do anything here as the auto setup feature takes care of the basics. You CAN set temp and voltage alarms, but I leave this to the features provided by my mobo and don't use MBM5 for these.
Actually, the only other place I make adjustments is in Interval & sys log. If you like, you can use the Interval log to create a text.doc (check that selection) and will record temps, cpu/chipset voltage, and the voltages on your psu's rails. Here you can also set it to record at the interval you choose (ex. every one or every ten seconds, whatever) and you also can choose the number of entries that will be stored in the text.doc. Ex. 10, 100, 10000 whatever. Presumably, this feature is meant for those who have limited HD space. Of course who wants to see 10,000 entries? Just chose what makes sence for your purposes.
BTW, this feature is great for diagnosing problems. Ex. if you get crashes or lockups you can reboot and go back under MBM5 (using explorer, right clicking on start) and see the text.doc to determine if your voltages went crazy or your temps got t high and caused instability etc.
NOTE: When you makes changes, you must check on Apply at the lower right hand side to make save them.