Nova Volume Trading System

Quoting TableTop

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Gold {image} MRN - we see a spike to yesterdays NYO high and there is no momentum. FOr the next hour price is in a 50 pip box and seems to be working the high - no doubt pulling traders long. Then NY equity open and we get an engulfing with confirmation from Nova to go short. It may be a bit early but the candle engulfs and then we get a pin bar. 2nd entry also lined up. Edit: 3pm in the UK and I've taken 3 trades after the news. The first was a fail, about 15 minutes after the news, which I closed before the SL was hit and noticing there was no...

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Quoting Dilyxs

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Hey, I was wondering if an experience trader can comment on this trading strategy with nova: 1. Check if important new incoming, if yes within 1 hour(before and after), do not trade and only trade within NYS: 2. Go on daily TF and check for trend using MA, and other confluence and determine either sell or buy: 3. Go on 15 min time frame and check for Nova signal that matches Daily trend: 4. If Nova== signal, Check whether the slope ema on 15min is in the same direction: 5.Place Trade at market, but if market closing within 1 hour, ignore 6.If Nova...

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Quoting TranceGhost

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Just a short day for me today - 3% banked and done to do other things Wednesday 6/11 (5 trades - 4 win 1 lose 80% win rate - Only Gold) +3,65% Thursday 7/11 (7 trades - 1 win 6 lose 14% win rate - Only Gold) -4,11% Friday 8/11 (15 trades - 8 win - 7 lose 53% win rate - Only Gold) +4,65% Monday 11/11 (17 trades - 7 win 10 lose 41% win rate - Gold, EURUSD) +3,41% Tuesday 12/11 (16 trades - 9 wins 7 lose 56% win rate - Only Gold) +5% Wednesday 13/11 (4 trades - 3 wins 1 lose 75% win rate - Only Gold) +3% My lose today was a small one that I...

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Quoting TranceGhost

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{quote} Kinda different approaches and analysis we use, but the outcome and entries are almost the same

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Quoting TableTop

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{quote} Yeah - same same but different! I like the indi and I thing xkwisit2001 is doing a good job trying to make it mechanical, but intraday is hard without a decent understanding of market structure and price action.

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Quoting TableTop

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{quote} Yeah - same same but different! I like the indi and I thing xkwisit2001 is doing a good job trying to make it mechanical, but intraday is hard without a decent understanding of market structure and price action.

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Quoting mmihai29

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Ohhhh, so hard to find a systems to focus 100% on it, especially when you are working full time and have 2-4 free hours at the evening... I will give a try to see how is going. Currently monitoring 6 pairs for some sort of signals or good possible trades on one monitor & on another the full Nova System: Chart 1 - 15min for BIAS Chart 2 - 5 min for analysing the Nova System Chart 3 - 1 min for Entry Chart 4 - 15sec for extra information It's a test, will see how is going. {image} {image}

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Quoting xkwisit2001

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Another example of NOVA in the just the past THREE HOURS! I marked out a 10R trade just to show what can be possible even if you did decide to hold or take partials. There are losses but without a doubt there is no way you cant be profitable with this. The yellow X's on the histogram are entries I wouldn't have taken because sometimes there will be these weird high volume pushes that then end up reversing... Once price gets near the EMA's it tends to enter them to reset and go again for continuation so be mindful of that. 21R available below ...

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Quoting hope&glory

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{quote} hi Buddy please help me, im new to trading view and although i have added the indicator it does not look like yours in the image you posted and also the candles look nothing like yours, i am uk based and tried to apply how your chart time is please help thank you buudy {image}

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Quoting xkwisit2001

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{quote} It looks fine to me, the white background would be black for dark mode. The candles are my own colour as I don't like red and green as it affects the mind. Trading is 80% mindset and the rest is whatever works for you. If you go back you'll see I said the background would be black or white which is when you shouldn't trade. Look at all the green backgrounds.... perfect trades. It's not the best time to trade right now but test it out.

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Quoting xkwisit2001

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Always be checking the signal line (my yellow line on histo) and see what it's doing. If it is above the zero level in a downtrend then don't take any red background histogram signals. Wait for the signal line to cross the zero level first. You can plot horizontal lines if you like... this could help when doing MTF i.e mark a line when price is passing your higher timeframe zero level and then you will see it on the lower timeframes. That way, you know you're with the higher timeframe signal line and you can start looking for signals on the lower...

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