Nova Volume Trading System

Quoting dummytt

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M1 signal... lets see if it will work... {image}

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Quoting Danielesse87

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We've entered a range, although both the Mini and Macro structures remain bearish for the time being. The opportunity to exit the range will likely be with today's USD news. Before the news, trades could be attempted at the extremes of the range, which coincide with yesterday's high and low of the US session. Personally, I think I'll wait and see until a decisive exit from the range.

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Quoting dummytt

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{quote} I like ranges... My trades in London session... {image}

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Quoting Danielesse87

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Not all the system rules have been respected, and volumes are currently low, obviously because we're at the close of the session. However, the trade met my checklist. Let's see how it goes. I could already set the stop at breakeven, but I'll let it run.{image} {image} Update: TP reached. There was also a setup according to the author's system rules: EMAS flip, M15 signal line below zero, bearish volume on M1 with a colored background.

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Quote

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4. Pre-Session Prep

Mark Levels (POIS)

1. High/low of previous week
2. High/low of previous day
3. High/low of previous session (Asia if London; London PM if NY)
4. Daily open price

Quoting tapikotakupe

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{quote} how do you mark this in your chart. is it by candle or structure?

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Quoting tapikotakupe

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{quote} how do you mark this in your chart. is it by candle or structure?

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Quoting axecap

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{quote} search this on tradingview All-In-One Sessions, Weekly, Monday, Previous Highs/Lows

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Quoting axecap

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{quote} This can be marked manually by horizontal line. Weekly and daily use the highest and lowest prices reached, (top or bottom of wick) For sessions you need to know when the various sessions starts and end and do the same thing. There are various indicators on Trading view that will do this for you. Probably MT4 as well but I'm not familiar. If using an indicator make sure you have the settings correct to take into account your time zone. {image}

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Quoting xkwisit2001

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These areas are where liquidity pools - price often purges these before reversing or continues after breaking and retesting them. Define Bias Bullish bias: Expect price to sweep lows for liquidity before pushing up. Bearish bias: Expect price to sweep highs for liquidity before dropping. These become your Points of Interest (POIs) for setups. 5. Market Structure (Context) Structure shows who’s in control: Bullish trend: Higher highs + higher lows Bearish trend: Lower highs + lower lows Only trade with the prevailing structure - don’t try to fade...

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Quoting tapikotakupe

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if my understanding is correct after previous daily/weekly or session high/low taken you can look for structure of ema direction and look for entry am i correct? ex. asian high or daily high taken you can look for direction of ema to look for shorts?

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Quoting tapikotakupe

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if my understanding is correct after previous daily/weekly or session high/low taken you can look for structure of ema direction and look for entry am i correct? ex. asian high or daily high taken you can look for direction of ema to look for shorts? {quote} this

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Quoting axecap

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{quote} The thing about the points of interests (POI) is you can expect something to happen there. Either a sweep of liquidity at a previous session high and a reversal or a continuation through. Its what happens in terms of price action, break of structure etc at those POI's which will help you decide if its a good place to start looking for an entry taking into account EMA's, trend, higher TF's etc etc Post 1661 has lots of well thought out valuable info from the OP, my suggestion is keep referring back to that

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Quoting axecap

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{quote} Heres an example of the Asia session sweeping the low of the New York session. luxalgo sessions sweeps on tradingview {image}

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Quoting axecap

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{quote} Right now gold is heading up in the Asia session and will likely sweep the New York high at 3359.08. Will it reverse back down? We don't know but I have an expectation it will, based on the current range. Will I enter a trade? I don't know yet, depends when it happens based on Frankfurt/London opening in a few hours.

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