Nova Volume Trading System

Quoting xkwisit2001

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This is what I mean by the classic bullish move on gold. EMA's flip after a bullish move up leaving the imbalance poi or FVG as some call it. Wait for price to do its thing and then wait for it to break below the first small pullback above the imbalance. Let price do its thing again and trap retail traders. Then allow Nova to do it's job... first entry on the open of the 3rd nova histogram bar after the background changes colour. BAM 2:1! or you can target the London AM session high @4R or previous day high @10R depending on your appetite. This...

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Quoting xkwisit2001

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{quote} Great! The first move is usually the best one to hold to the next POI which would be london am high but these are valid nova signals.

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Quoting sanity

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Out. Only 1 trade today and I am done for today. {image}

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Quoting xkwisit2001

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This is what can happen entering too early before the high has been broken Would have been a break even for me You never know if price just wants to sweep the highs so its always best to wait for a reaction and if price goes bullish again after breaking the high then you can enter... But I would prefer a bigger pullback personally. Another imbalance {image} EDIT: Still hit 2R though - Sometimes you just have to trust in Nova lol {image}

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Quoting xkwisit2001

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Hope you guys like these annotated/commentated posts. I am only doing this so it is documented and you can go back later and study. Context again is looking at the market structure and understanding where you are on the chart. Moving away from POI... whats next? - well London AM session high, then Asia High and then Previous day high. Price doesn't move randomly... and if it does it's just to trap traders. Isn't it interesting that Nova can often give you 2R and pullback though after 3rd bar entry. {image}

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Quoting usmanlaghari

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{quote} Yea, these post help newbies to understand better. Btw, I am out. Totally I took for four trades. 2 wins, 2 sl.1 trade was missed indicated in Orange. {image}

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Quoting Danielesse87

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{quote} Exactly! Saying that the trade has the potential to reach target X doesn't mean it will actually get there, because it will encounter other liquidity zones along the way where pressure (bearish in this case) could return strongly. Therefore, in the meantime, we'll see if the price is accepted above the previous LHs, and if so, we can target the next liquidity zone. In our case, currently, the last obstacle to creating a new high in the macro structure is the LH at around 3385. Before that price, I see one last liquidity zone that could interrupt...

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Quoting xkwisit2001

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{quote} Price is possibly heading for yet another imbalance. Today has worked out how I wanted it... I think my first post I said I was bullish today Liking your insights!

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Quoting Danielesse87

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{quote} I'm not very good at English, but I think you've complimented me, so thank you, friend. I really have to thank you for reminding me how important structure and volume are, and how powerful they are when used together! Only in this way can you look at the chart without a huge confusion in your head. And without confusion in your head, you can make the right decisions, the ones where the odds are in your favor. I like that from the beginning of the thread you made it clear not to blindly trust the indicator. The indicator is good, but it only...

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Quoting xkwisit2001

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{quote} Yes I shouldn't have called it an indicator really. Indicators pretty much use old data to calculate whereas Nova is using current data... so it's a tool I would say I wouldn't ever trust anything blindly but over a long series of trades Nova is STILL profitable if you did But you really need to use context of what the market is doing as as I said it's all in the market structure. H4 could be bullish with price above EMA's but maybe needing to pullback to create a new move. On M1 you then know that the downtrend isn't long...

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