Just to add to my previous message: The reason why you want the moving averages to fan out during a trend is so tht 50ema can act as a support. That way you can be confident with taking nova entries with stops below pull backs. If the emas are ...

Nova Volume Trading System

When following the market you need to mark the recent high and low. If inside a range 1 of the 2 needs to break in order to start creating a bias to go long or short. So if we are looking to break structure during an uptrend then you need to mark ...

Nova Volume Trading System

Since NY open there have been plenty entries... loads lol Literally clustered everywhere. image

Nova Volume Trading System

If you mean the ones you have marked then the first one no because it only just broke the high. The second entry you took is something that would fit as a nova signal so it would have been a loss. However, gold really likes to fakeout/grab liquidity ...

Nova Volume Trading System

If I get a retest then I will look to enter another nova signal. It is possible price is creating the high of the day before going bearish again so bare that in mind. EDIT: Looks like its gone off without me lol image

Nova Volume Trading System

Below is my thought process when entering signals on NOVA GO TO 5M Chart - London/US crossover is 13:00 UTC POST 381 explains this image Below is how it looks on the 1 mintute chart image

Nova Volume Trading System

Hi buddy, you're overtrading and trading at the wrong time. There is no news today so volume would be low during london session by default. Price also didn't break the recent low or high during london so you should wait for confirmation of a break. ...

Nova Volume Trading System

My best kept secret is that I use davits weekly fibonacci levels for take profit. So it's not uncommon for me to get 1:10+ frequently when doing this. Didn't add that here simply because I wanted to show the system as a foundation instead of ...

Nova Volume Trading System

I took that trade out of instinct because of the bullish volume before it and also the small red bars that came after it. So as soon as it went green it was go time for me. Plus the signal line was way above the zero level indicating bullish ...

Nova Volume Trading System

If you look at the EMA's they were showing uptrend so I entered.

Nova Volume Trading System

Best of luck Twee!

Twee retires!

Gold's been rough today. Locked in my 4.5R win but gave back 2R, so +2.5R on the day. Not touching anything else until this range finally breaks (and honestly, it doesn’t look like it’s happening today but lets see eh). Typical boring Friday vibes. ...

Nova Volume Trading System

Sorry for the long write up but this is what I do when I think a new trend might be forming - my process: 5M Zero Line Cross (Red Line): When the 5M Nova crosses down the zero line, it’s my heads-up that it could be time to start looking for sells ...

Nova Volume Trading System

If the EMA's are flat or very close to each other then price will just range. I just mark the high and low and wait for the first strong breakout and wait for a retracement to start entering. The key is waiting for the EMA's to fan out again either ...

Nova Volume Trading System

Bravo Mooch!

Nova Volume Trading System

Nice quick morning trade - 4.5R TV: image MT4: image

Nova Volume Trading System

Well said! Any system shared on this site is always from someone else’s perspective and never guaranteed to work. We all have our own unique approaches, challenges, and mindsets when it comes to trading—the classic 80% psychology aspect of it. I’ve ...

Nova Volume Trading System

The best signals are the ones that appear after a pullback to the moving averages during an uptrend so the best entry would have been 11 bars before your first entry with stop loss below the low. Once price moves away from the moving averages and ...

Nova Volume Trading System

If at the start of a new trend I'll risk 1-2% max then take half off at 1:1 and let it run to 1:2 or higher. Will stop trading if I get 3 losses in a row which is rare.

Nova Volume Trading System

It's great to see so many of you getting used to Nova so well. 1:1.5 is something I would recommend, I used to target that amount but then I realised it often hits 1:2 very often so if I get a loss the extra .5 will give boost profits and erase the ...

Nova Volume Trading System