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  • #541
  • Nov 22, 2024 11:52am Nov 22, 2024 11:52am
Picked up one of those meta quest vr headsets today and there is an app called 'immersed' that you install on the pc/laptop.

Allows you to use your computer anywhere in the house with 3 monitors (more if you pay for pro).

Not sure i'll have to leave my bed in the mornings now to trade
You can lead a horse to water, but you can't make it drink
  • #542
  • Nov 22, 2024 2:49pm Nov 22, 2024 2:49pm
Hello friend, I hope you are well, I have a couple of doubts regarding your two entries today, in 1 and 2, how did you precipitate if the third bar was not yet met?
For the rest, have a great weekend and enjoy your new toy trading in all house
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  • #543
  • Nov 22, 2024 3:09pm Nov 22, 2024 3:09pm
Quoting xkwisit2001
{quote} Friday is never really that great because of the profit taking before the weekend. What did you trade today because gold was actually pretty good especially the last 3 hours Yellow lines are the 5M crossing zero level - 5m is in uptrend mode so when the cross actually happened you could have traded up with confidence you are in an uptrend on the 5m chart. 8 Wins. 1 loss and 1 break even. Most recent trade is a win if you too the most recent pullback. If it was the low before it then it would be in drawdown right now. {image}
I only trade EURUSD, it is a heavy stop hunter, add to the choppiness today: 12 trades, 2 winners.
I will try gold on Monday, have a great weekend, and yes, it is inspiring to see winners, inspiring to grasp the possibility of 2 or 3 or 10 percent a day, here and there.
I am more on the negative side of that list, with micros though, so worst loss is like 1 per 1000.
  • #544
  • Edited 3:29pm Nov 22, 2024 3:15pm | Edited 3:29pm
Quoting cuchuflito
{quote} I only trade EURUSD, it is a heavy stop hunter, add to the choppiness today: 12 trades, 2 winners. I will try gold on Monday, have a great weekend, and yes, it is inspiring to see winners, inspiring to grasp the possibility of 2 or 3 or 10 percent a day, here and there. I am more on the negative side of that list, with micros though, so worst loss is like 1 per 1000.
EURUSD is a nasty pair to trade hence why they tell all beginners to use it.

I'm not sure how you like to trade but for me as soon as I take a loss I will literally mark the high and low that needs to break and wait.

I can guarantee if you post your losses I can explain why they lost.

Here is the london open for me... plenty room for profit.

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The rest of the trades below:

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There is no way you should have 10 losses on EURUSD today.

You could say I am cherry picking but I'm not, I am just looking at the structure and also where the signal line is. It takes time anyways.

You will grasp it and I'll share as much as I can to help you all.
You can lead a horse to water, but you can't make it drink
  • #545
  • Nov 22, 2024 3:32pm Nov 22, 2024 3:32pm
Quoting xkwisit2001
{quote} EURUSD is a nasty pair to trade hence why they tell all beginners to use it. I'm not sure how you like to trade but for me as soon as I take a loss I will literally mark the high and low that needs to break and wait. I can guarantee if you post your losses I can explain why they lost. Here is the london open for me... plenty room for profit. {image} The rest of the trades below: {image} There is no way you should have 10 losses on EURUSD today. You could say I am cherry picking but I'm not, I am just looking at the structure and also where...
Can you explain a bit what are the reasons for the trades that he should take? And not the others signals?
Anything above the line is an uptrend, below the line is a downtrend.
  • #546
  • Nov 22, 2024 3:51pm Nov 22, 2024 3:51pm
Quoting Degolep
{quote} Can you explain a bit what are the reasons for the trades that he should take? And not the others signals?
It's hard to explain because I have experience that allows me to take trades out of instinct (Chart Time)

The longer you are on the same instrument you get a feel for how it works.

I don't like taking trades that are too high or too low. To know this you need to use a higher TF and see how long its been in buy or sell mode for as eventually price has to reverse.

So therefore the best way to enter any positions is to wait for the higher TF nova to cross the zero level,

Check M1 chart for an EMA flip and then enter at least the first pullback away from the moving averages.

Like trendlines, we trade away from moving averages. If nova gives a signal and we're far from the moving averages then its not an A+ setup and so you need to be careful with it especially on low volume days.

If there was a checklist it would be:

  1. 5M zero level change
  2. Go to M1, wait for EMA's to flip and price retrace back to the EMA area (just near it is fine)
  3. Wait for the first nova signal, it will usually be a softer move as its the first pullback so the entry shouldn't be after a huge candle.
  4. Win the trade 1:2 and follow up on additional nova signals but keep in mind the 5M nova will start losing volume momentum so be careful if the signal line is pulling back up towards 0 as there will be a loss coming if you keep hammering the M1.

After a while you start to understand the instrument and what you can get away with.

I have never ever had 10 losses out of 12 using nova but the difference is I understand how the market moves and I won't jump into everything... my brain is conditioned to remember past trades now so I kinda feel the signals and whether it'll work.

I cant even see where 10 losses would occur if using the nova signals on the M1 today.

You can lead a horse to water, but you can't make it drink
  • #547
  • Nov 22, 2024 4:29pm Nov 22, 2024 4:29pm
Quoting xkwisit2001
{quote} It's hard to explain because I have experience that allows me to take trades out of instinct (Chart Time) The longer you are on the same instrument you get a feel for how it works. I don't like taking trades that are too high or too low. To know this you need to use a higher TF and see how long its been in buy or sell mode for as eventually price has to reverse. So therefore the best way to enter any positions is to wait for the higher TF nova to cross the zero level, Check M1 chart for an EMA flip and then enter at least the first pullback...
Is there no way to make some alert for when everything is tip top? And even then we should decide if we enter or not. It would be much easier, it's hard to watch M1 all day
Anything above the line is an uptrend, below the line is a downtrend.
  • #548
  • Nov 22, 2024 4:47pm Nov 22, 2024 4:47pm
Quoting Degolep
{quote} Is there no way to make some alert for when everything is tip top? And even then we should decide if we enter or not. It would be much easier, it's hard to watch M1 all day
No mate, it's a manual system as proposed by OP. Anything like that would have to be done on your own time. Hire a coder and do the work yourself if you want it automated, but on this thread that isn't something that's wanted by the creator of the system so move on.
  • #549
  • Nov 22, 2024 4:56pm Nov 22, 2024 4:56pm
Quoting MachineLearn
{quote} No mate, it's a manual system as proposed by OP. Anything like that would have to be done on your own time. Hire a coder and do the work yourself if you want it automated, but on this thread that isn't something that's wanted by the creator of the system so move on.
I'm not looking for full automation, I'm against EA's, just some alert when a possibility of a trade is there, that is all.
Anything above the line is an uptrend, below the line is a downtrend.
  • #550
  • Nov 22, 2024 5:24pm Nov 22, 2024 5:24pm
Quoting Degolep
{quote} I'm not looking for full automation, I'm against EA's, just some alert when a possibility of a trade is there, that is all.
There are alert functions. You just have to look lol.

The zero one might not be there on yours as I modified it when I asked if a zero level alert was wanted but at least check and see if the ones available work for you.

3rd bar histo alert is possible if you would like me to try and set that up. It's a little bit faffy and I don't want to make too many changes to what has worked for me personally.

However in the long term, manual is the best way. I show sometimes 20R in a day... the average joe only needs like 0.5R per day to be extremely profitable.

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See here also:
I already set it to 0 level alerts.

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I also explained it here on post 9 what the settings do from page 1
You can lead a horse to water, but you can't make it drink
  • #551
  • Nov 22, 2024 5:33pm Nov 22, 2024 5:33pm
Quoting LinuxBoy97
Hello friend, I hope you are well, I have a couple of doubts regarding your two entries today, in 1 and 2, how did you precipitate if the third bar was not yet met? For the rest, have a great weekend and enjoy your new toy trading in all house {image}
Alot of my trading comes from instinct. The yellow line was me marking that the 0 level on M5 had crossed down & the MA's had flipped (which is bread and butter A+ setups for me as it's usually start of a new trend) on M1 so I knew it was time to sell.

My rules on here are for the majority to be able to get to grips with the system but I will take trades when I feel they will work out... that's why the system is subjective.

Someone 10 years profitable using the system would probably follow their own rules... I'm offering my system with rules for a beginner.

Chart time will allow you to take those kind of entries... big strong candles down from the MA's are something I'd enter without thinking about it.

I don't personally always look for nova to give me the signal now because I know it like the back of my hand.

Even if those entries were on 3rd histo bar, they still hit TP. I just don't really like entering positions that have a larger stop distance as they can sometimes gas out and then I have to endure pullbacks for it to hit TP.

Hope you have a great weekend too and ready for monday
You can lead a horse to water, but you can't make it drink
  • #552
  • Nov 23, 2024 12:54am Nov 23, 2024 12:54am
Introducing the Nova Trading System, my go-to method that’s been quietly working wonders for me. Whether you’re new or seasoned, I believe you’ll find this system refreshingly simple and powerful. No fluff—just practical, actionable stuff.

Forget all the jargon: ICT, bearish/bullish breaker blocks, fair value gaps, order blocks, liquidity, etc. If you just trade the signals as they come, you’ll be fine. But let's keep it clean and easy.

What’s the Nova System All About?

The name's pretty straightforward. Future versions might even be called Super Nova, but let’s see how this goes first.

At its core, the Nova System revolves around precise entry and exit rules using volume strength, market structure, and clean signals. I’ve combined the best parts of different strategies into something that consistently works for me.

It’s adaptable—perfect for any market condition—and it fits my trading style.

But most importantly, you’ve got to make it work for YOU and your trading personality. If you're into volume and market structure, this could be the breakthrough you’re looking for.

Now, let’s talk about my journey: I struggled with the psychological side of trading for years, no matter what system I used. I found myself too emotionally attached to my trades in the early days, which held me back.

It’s taken me about 7 years to get my mindset straight, and I’m finally at a place where I feel 100% confident. So, I’m sharing this system for you guys to critique and improve on.

Currently, the system is available as an indicator on TradingView (still working on MT4, but it's a headache).
My Approach:
The key is clean charts, following the trend, and minimal indicators—maybe just one if you really need it. I’m going to break down the Buy and Sell Entry models for you.

If this sounds good so far, feel free to stick around. I’ll post live examples and setups soon. Let me know if you’re interested—I don’t want to waste anyone’s time.

RULES:
I won’t tolerate rudeness or negativity. This is a positive space to learn and share. If anything offends you, I’ll ban you—simple as that. We’re all adults, so let’s act like it.

This system works best if you have at least 2 years of chart experience. If you’re not into it, that’s fine—move along. But if you’re looking for a fresh perspective and willing to put in the work, stick with me.

Also, I won’t be sharing the source code of the indicator. It’s taken me 10 years to find something that works for me, and I’ve seen people take advantage of others’ work. But I’m happy to share the indicator so you can use it—no problem.

The Buy Entry Model

 

  1. Volume Kick-Off: Start by confirming volume with the Nova Volume Indicator. When you see a strong green bar cross above the 0 line, that’s momentum pushing in the buying direction. But don’t jump in yet—this is just your green light.
  2. Check EMA Angle: Now, check the trend with the EMA angle. If the EMA is sloping upward, you're in trend direction. If you're new, look for a slight upward tilt.
  3. Entry: Once the volume confirms with 1-2 green histogram bars and the EMA angle is confirmed, enter at the close of the candle (usually the second histogram bar). Simple. Set your stop just below the recent swing low, and aim for a 1:2 risk-to-reward. This isn’t about gambling; it’s about playing the odds.


The Sell Entry Model

  1. Volume Confirmation (Bearish): Look for a red bar crossing below 0 on the Nova Volume Indicator—this signals selling pressure.
  2. EMA Slope Down: If the EMA is sloping downward, we’re in a downtrend, and the sell signal is valid.
  3. Entry: Enter at the close of the candle after volume confirmation. Place your stop above the recent swing high, aiming again for 1:2 risk-to-reward. Let it breathe and ride the momentum.


When the background is BLACK (dark mode) or WHITE (light mode), don’t trade. Wait for it to turn green (bullish) or red (bearish). With experience, you can take the first color change, but it’s subjective based on your style and experience.

The signal line will help keep you on the right side of the market, and you can use a multi-timeframe (MTF) approach: Check the 1-hour signal and drop down to a lower timeframe for entries, targeting that 1:2 profit.

  • #553
  • Nov 23, 2024 8:54pm Nov 23, 2024 8:54pm
[quote=Abhiram431;15069198]

In post 37 you hadnt even read the thread and knew nothing about nova, now you talk as if you created it. I dont believe you have the code and you are not the OP of the thread so cant ban anyone.
It is you that seems to be taking advantage of someone elses work by trying to hijack this thread.
Its all just one persons opinion
  • #554
  • Nov 24, 2024 12:15am Nov 24, 2024 12:15am
Hi, does this work with tick or renko charts?
  • #555
  • Nov 25, 2024 6:10am Nov 25, 2024 6:10am
8 trades, 6 losers, just cannot make it work for me.
The worst was Friday, 11 trades 10 losers.
Yes EURUSD is a bitch, all the algo power from the big boys at it.
So I figured, if I can crack it with Nova then It should work on almost everything.
Check these numbers:
EUR/USD is the most commonly traded currency pair in the foreign exchange market, with an average daily trading volume of close to $600 billion - equivalent to 37% of total market activity.
Anyway congrats . to all the successful Nova traders, in my humble, it takes following the original rules, plus some extra "pro experience" like some traders here prove to have.
  • #556
  • Nov 25, 2024 6:18am Nov 25, 2024 6:18am
Quoting cuchuflito
8 trades, 6 losers, just cannot make it work for me. The worst was Friday, 11 trades 10 losers. Yes EURUSD is a bitch, all the algo power from the big boys at it. So I figured, if I can crack it with Nova then It should work on almost everything. Check these numbers: EUR/USD is the most commonly traded currency pair in the foreign exchange market, with an average daily trading volume of close to $600 billion - equivalent to 37% of total market activity. Anyway congrats . to all the successful...
what TF are you using?
  • #557
  • Nov 25, 2024 7:19am Nov 25, 2024 7:19am
Quoting cuchuflito
8 trades, 6 losers, just cannot make it work for me. The worst was Friday, 11 trades 10 losers. Yes EURUSD is a bitch, all the algo power from the big boys at it. So I figured, if I can crack it with Nova then It should work on almost everything. Check these numbers: EUR/USD is the most commonly traded currency pair in the foreign exchange market, with an average daily trading volume of close to $600 billion - equivalent to 37% of total market activity. Anyway congrats . to all the successful...
11 trades sounds like a lot (IMHO) and there was a lot of red news. If you take another look at Friday. There were 2 red news releases quite close together, so no trades until after the news. Neither release moved the market much so, I'm happy that the market structure hasn't changed. ~10 minutes or so after the 2nd news release you get the first nova signal for a short. Keep in mind time rotation (i.e. where am I in the 15 minute candle, and 1 hour candle) and by 0915 the day is done. The rest of the days trades inside of this high and low, and it's a big range.

It's probably best to stop trading at this point or find another market. A quick scan of Friday and I can see WTI looked to be setting up well for the US session i.e. price was trading down to a recent significant level (a swing low from Thursday), and formed a double bottom at the start of the US session. I'm not suggesting you trade oil, but take a look at how this market was setting up for the US session, compared to EU.
  • #558
  • Nov 25, 2024 8:20am Nov 25, 2024 8:20am
Hello guys, was a bit busy today, managed to only open 2 trades, but market overall is good, could enter a few positions more, if were available.
1 Winner 1 looser = 1rrr
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  • #559
  • Nov 25, 2024 8:26am Nov 25, 2024 8:26am
Hello Thread, today gold is king, its all for today

ENTRY M5
STRUCTURE M1

Trendline Breakout + Nova

I could have gotten more, it's true, but it's my preferred ratio and it was a profitable day
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  • #560
  • Nov 25, 2024 8:27am Nov 25, 2024 8:27am
Quoting cuchuflito
8 trades, 6 losers, just cannot make it work for me. The worst was Friday, 11 trades 10 losers. Yes EURUSD is a bitch, all the algo power from the big boys at it. So I figured, if I can crack it with Nova then It should work on almost everything. Check these numbers: EUR/USD is the most commonly traded currency pair in the foreign exchange market, with an average daily trading volume of close to $600 billion - equivalent to 37% of total market activity. Anyway congrats . to all the successful...
Hi, do you use the rule that if 2 trades are losers on a unit u should wait? I had the same problem on my first day of trading this strategy btw, Since odds are good, the one starts forgetting that the main goal is not to lose, and the second one is to win, it helped me to stop opening shit trades to be honest, maybe that works for you too(I would be really happy tho).
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