Nova Volume Trading System

Gold London session so far has given 8R and possibly another 2R... will have to see.

I do think price is likely to turn bullish again but need to wait for M1 & M15 to align again

Well done buddy nice to see you back in the game.

PC

Hi xqwisit,

I'm reluctant, but obviously not reluctant enough to post....
I can't really see what advantages the indicator gives compared to the trend as portrayed via the ma's, and to the next extreme, the actual color of the price candles compared to the indi?
The prerequisite is a trend, and the indi is a nice hand hold?

No intention to offend, and your coding ability is infinitely better than my non existent coding

That said, winners are grinners and losers can please themselves..

Carry on winning

cheers

My thought process at the moment, but have to see how things play out.

Again, a M15 signal line cross will then hopefully give us the EMA flip on the M1 and then head back bullish.

Gold has been bullish for a mighty long time so it could head down further but I am still keeping a bullish bias.

Price came for the london low and reacted which was a classic liquidity sweep but where it heads to next? who knows.

Just have to trade when bias aligns again.

Hi everyone, I use nova on 1min Dax and Nasdaq and find it extremely useful
Baz

16R so far and possibly 18R incoming?

Erm... I'm not sure what you mean by your comment.

Nova gives you the confidence to enter a trade.

Today based on context and what I've been looking at price has done what I believed it would do but you almost certainly wouldn't be hitting 16RR in a simple way with zero loss without Nova.

I like to base my positions on volume and what it is doing... you can clearly see price hit the london low and you could see how the volume at the reversal proved the liquidity grab as it was sudden and died out fast and went bullish.

If there was no liquidity grab then price would have probably ranged.

I'm pretty sure these questions may have already been asked...but....

do you trail SL when in profit using this or just always go for 1:2 and let it ride the wave?
and the signal line does it influence the way you execute at all?
finally are there specific killzones when its most effective? or does it work most of london & ny session?

appreciate your work and thanks

Hey Dark51, I don't tend to trail my SL as with this system more often than not you will see 2R and then it reverses. I like when price does this and I don't then have to care about closing out not thinking it will hit. It's a psychological thing for me and something that gave me confidence.

Try it out yourself, many times price will hit the 2R and either reverse or even range for a while... I don't have the patience to do that with every trade so I found 2R to be the sweet spot.

Once you begin to stack up those small wins you can then think about trailing or even just letting it rip all the way to your next POI.

I could have entered a position when price hit the london low and was rejected and then held that trade right the way up to any of those old highs but the thing is... the RR return is similar to what taking 2R each time can bring.

I circled what I mean about price retracing after hitting 2R... I generally hate when that happens and I've decided to stay in.

Really, I just like to take lots of little bites and stack up the wins. It gives me that extra confidence to also trust my system instead of taking just 1 big win that may not play out. I also like participation but this is all about my style.

If your style is to move SL into profit then you might end up getting annoyed when you take just 1R and it runs up to 5R or something so 2R is the sweet spot for me.

Regarding killzones, I don't follow them... if you mean like the ICT ones. For me, I just look and see what the session before did and if the session before was trending then I'd expect the next session to reverse for liquidity or just simply range so I'd mark out my poi's and wait for structure to form so that I can be more confident to trade.

Also, in the image you can see that the last 2 trades were a loss and break even. That is when I stop and that happens to coincide with NY Open so I am not trading NY but you can see that where I marked out the last low that broke the high... you can see that NY used that low for liquidity and could possibly start trending bullish again.

Oh... and yes, when signal line is crossing above that when the bulls are gaining momentum so I prefer entries where price is crossing 0. Additional entries whilst price is above the 0 level arent as successful but it depends on where price is heading.

I also don't take signals if a recent low or high hasnt been broken... I'm constantly looking at the structure.

Sorry for the long message... hopefully it all makes sense when you read as you look at the image

Oh my gosh...

A possible 46.6R taking nova entries targetting previous days low POI!

Absolutely insane day and I didn't manage to take ANY of it

Perfect entry after trend change and EMA flip... this is what Nova CAN do if you combine it with POI's and hold.

I don't know how much I would have held... it definitely wouldn't have been yesterdays low

Thanks xkwisit. Appreciate your reply.

Apologies I ain't posted today as I've been busy but WOW gold was amazing today and NOVA absolutely smashed it... Probably the best performance I've seen from it so far!

From end of asia to beginning of london 22R was available in like 3.5HR!

Ive plotted almost everything that made sense to me on here just so you can study the perfomance and you can decide if it was profitable yourself.

I haven't even got to the rest of the day either!!!

These are all I could mark... I got too tired.

Thats a minimum if 43R+ taking standard 2:1

If you held to POI's then it would have been an even more insane day.

What I've marked out isnt everything I would trade personally it's so you can see the system in action.

But NOVA doesnt work without context and what the market is doing... there are areas price was bouncing from that I had marked up but can you see the power?

Anyway... today was market makers taking their profit for the month

The bouncing logic

Hi KW,

Could you give a little insight in how you deploy your stop-loss, where you think this is appropiote? Does having a tight stop-loss hinder your system?
Secondly Could you tell me your indicator n the image above NCH NCL?

Lastly is there times that youshould avoid trading this system and could there be clues when to stay out?

Thanks Riese

I like to see a pullback and enter on pullbacks. Stops will always be at the nearest low/high depending on trend.

I have many ways of trading the system but I was just showing how the system did today and not how I would trade.

Regarding times to trade, I mainly prefer NY but my timezone is London so I just see what phase we're in.

If asia ranges then I'll be looking for a run of the high or low and then hopefully a nice little trend to follow. If asia has been moving then id expect london to range and NY to run. It all depends on what asia does for me.

The key to my system is 2:1 wins but if you have experience you can target the next POI's i.e previous day high/lows, previous session high lows... weekly high lows etc... even recent high lows. It's all up to you.

That indicator is a personal indicator which I don't share as it doesn't hold much value being here as the nova volume indicator is meant to be a confluence.

If I add anything else then it'll be a bigger rabbit hole lol

Cheers bud

Andre

Hi xkwisit,

first of all, I’m really happy to see you back I’ve been part of this thread from the very beginning and have been using your indicator since then — in my opinion, it’s an excellent tool. Thank you very much for all the time and effort you’ve put into it.

Regarding some of the recent posts, for example post #1,893 with multiple entries, I just wanted to share a personal observation. In my own trading, I tend to be a bit more selective, as it’s not always practical to take every single setup. For instance, I usually move to breakeven at 1:1 and avoid opening new trades while an existing position is still running. Spreads can also have an impact in real market conditions.

Because of this, the overall results may look slightly different in live trading. That said, I still believe that Nova works very well, especially when being selective with entries.

Unfortunately, I haven’t been consistently profitable yet, so I thought I’d share my current approach here. Since you’re always very helpful, I was hoping you might have some feedback and perhaps point out where I could make adjustments. I also think that other readers might benefit from this as well

HTF Analysis

I usually start before the London session and look at Nova on H1, M15, and M5. Ideally, all of them should point in the same direction and show a signal. However, in some cases it’s enough for me if H1 simply shows the direction (above or below zero) even without a signal. I then wait for M15 to generate a signal, which at the same time means that the EMAs on M1 have already switched.

So for today, I would only be looking for long setups in Gold. Would you agree with that?

Sessions Analysis

This element is still relatively new to me. For today, I’d say that Gold made a run during the Asian session and is currently ranging in the London session. Therefore, we might be expecting a move during the New York session as well, right?

Looking forward to your feedback, and thanks in advance!

Seeing how MNQ delivered today, I want to show an xkwisit style picture showcasing what would have happened today if someone took ALL the signals since New York opening at 9:30 NY time, with my version. As the topic mostly shows XAU trades, I brought this as a nice change of scenery.

Red vertical line is the 9:30 opening 1m candle.
Here's what I do different:
- I use 1.5 Risk/Reward instead of 2
- I put SL 4$ above/below the last swing (I'm considering going back to just last swing though, as lately this wouldn't have made a difference anyway)

I took 3 of these trades, couldn't get into the rest due to other obligations. Doesn't really hurt my soul though, knowing I still had 3 trades go to TP today.

Look at this picture anyway. 10 signals in 2 hours, green X shows TP, red X shows SL. So we had 9 TPs, 1 SL, resulting in 12,5 R profit. Incredible!

hi Bud hope all is well and great to see the master active again on this amazing thread, quick question can i ask why you did not go for a short on the highlighted section in the chart? thanks

Guys, I don’t know how but on the real markets I can’t the good entries.. Have not had any success.

when looking at the day closure I can’t see soo many good entries and trades but in reality nothing aligned