Nova Volume Trading System

I wonder if 9R is possible - Currently at 4.5R

Eyes on that imbalance ideally IF price can break that high first.

Imbalance is all used up now but held

I wouldn't have taken it with this current one not hit yet BUT still works.

Price toying with us now xD

I wouldn't be opposed to taking early TP if you're up 10R or something though

And there we have it... 9R guaranteed and another 3.2R if you took the 2nd entry

This is EXCLUDING Nova entries also

So we had the bullish run before price came down the the imbalance I pointed out this morning.

Price has now filled that imbalance and could continue further towards the M5 imbalance from yesterday.

If this happens then maybe we will see a pattern as shown below:


This lines up with the 50% fib on H1 - will see what happens as H1 bearish

Pre Nova trades... still using nova

Volume towards imbalances then reduces massively at the lower imbalance.

Both 50% entry style... both sniper entries.

First one break even

Second one also off the daily open too and still in play for a 10R return.

Will it work? I don't know lol

Snipe Snipey

This would be set to break even all day long.

Zero risk

I will say though, gold doesn't have much volume at the moment though

I hope you all understand, these new style posts are showing trades BEFORE Nova signals are ready,

My main EMA flip and pullback system is what this thread is for but as there is so much information on here I am now sharing pre nova system thoughts.

Basically how my brain sees things... like a behind the scenes lol

Had you have traded that EMA flip pre london open you'd be on 8R already for the day

I don't have much confidence in this trade hitting TP... the reaction from the imbalance wasn't strong initially.

BUT lets say with 8R in the bank and this one set to break even you don't have to worry do you?

This is what you all need to understand - once you're up with R's you don't have to let the psychology get to you if you're struggling to be consistent. You just need to start.

We haven't even got around to whether we'll have a nice trend today to take Nova signals either lol

What I will say though is I don't trade based on profit/money, I literally focus on how many R's I have gained. Like a computer game.

This could end up being 18-19R for someone today before a proper trend unfolds.

I mean, you could easily just take 6R for the day and be done though LOL

Last thing before I run some errands, I have created a poll on page 1 so let me know what you think

Hi xkwisit,
I can only speak for myself: first I want to really master the EMA flip, and I’d already be very happy if I could take a max. of two trades per day with about 2R each.

I understand your Pre-Nova-Tradingstyle with the imbalances, but for now I’d prefer to focus on Nova when the trend is in sync. That’s why I voted for a separate thread. I’m also looking forward to your update, so that I can better identify sweeps and safer entries.

Thanks for all the input you share with us!

2 loosers

There is a simple reason why... It's not time to trade yet.

Neither side of asia or the london high and low have been tested yet which is why my current target is the london high.

Simply because I am still bullish at the moment with gold and for price to go up I want the london high to be broken/swept so that NY can sweep the london low for price to continue going up.

Right now we are in the middle of both the london high and low and the asia high and low with no clear direction yet.

I placed that trade on the chart because you can still get good entries at the start of the london session by seeing what price is doing.

The high was broken after price reacting to a bullish imbalance (marked below) so I then marked out the imbalances after to keep going with the narrative that we could be heading towards the asia high at some point today.

Anyways, price is ranging and we have unemployment claims today so once New York equity hits we will see whats going on.

The top and bottom grey areas are me showing where price needs to go to sweep before the true direction.

If price sweeps the london high and then the london low then we are heading up.

If price sweeps the london high and breaks the london low then we are most likely going down to the asia low where we wait.

I am still bullish BUT to create context is to wait on those areas to be visited and then we can see what hand we are played.

Once that sweep has been done, Nova entries then come into play.

You'll see plenty times also that I said I dont trade London session and prefer to trade the New York session. That's because london is usually manipulation and then we get to new york where you'll have the news and then not long after the true trend for the rest of the day.

What I have drawn below is not what I think is going to happen at all but It's being able to see patterns like that playing out. I could be wrong and price goes bearish today lol

Those are bullish patterns... and even then they could extend above the asia high and low anyway. But thats what I'd be looking for IF bullish.

I will shift some good focus onto the EMA flip even though theres 100 pages of it lol

It difficult as some people want to understand my brain and the logic behind why Nova works too when trending i.e (ema flip)

I'll look into creating a new thread and call it The Super Pre Nova X Imbalance Context System... Something super cool and corny LOL I'm joking xD

Could have either had 7.5R max or break even on that trade. No issue

NY bouncing at the entry and 50% of that imbalance gives me the idea we might see Asian Low swept when the news drops before continuing higher.

If not, then my bias will of course shift to bearish today as price will go for yesterdays low but we have to see

If London low doesnt hold, I'll be looking for reactions off these areas arrowed to go bullish.

If we close past yesterdays low then we are bearish.

Nova is now indicating to look out for a reversal setup

Previous Day Low swept but it might not be over just yet.

We'll see what happens after the news drops in 3 mins

IF we get a reversal then this is the setup I will be looking for.

1. Price to create its next lower high and then head back towards the PDL.
2. Price to then react again and reverse to break that last lower high it created

THEN I'd start looking for:

1. A reaction to an imbalance low down on the leg after recent lower high broken.
2. Wait for EMA to flip on M1 AFTER reaction to imbalance happens IF it happens lol (creating a higher low).
3. EMA flip and then start hammering Nova trades towards the PDH

It might NOT happen but thats what I am thinking in my head

Excuse my rubbish drawings... Art is not my best strength

Initial reaction off the of 50% fib

But Id love for it to dig a bit deeper from hereeee

Also look at what is happening to the volume