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Nova Volume Trading System

  • #681
  • Dec 2, 2024 8:45am Dec 2, 2024 8:45am
US2000
A triple top at a swing high from Friday. And the market starts to break down. Entered around the previous close and trailed the M1 (price hit a round number, 2425, and pulled back) ~1:3+ RR
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  • #682
  • Dec 2, 2024 10:36am Dec 2, 2024 10:36am
Quoting TableTop
US2000 A triple top at a swing high from Friday. And the market starts to break down. Entered around the previous close and trailed the M1 (price hit a round number, 2425, and pulled back) ~1:3+ RR {image}
-1R +2R so 5.5R in total for today and I am done. Greed made me take the trade that lost, could have avoid that, but still, not bad
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  • #683
  • Edited 3:11pm Dec 2, 2024 2:00pm | Edited 3:11pm
Looking good, thanks for sharing
( I use for NASDAQ + SP500 CME trading with own money mostly + gold + eur/usd )


I add other EMA tf + couple of other indicators
(pink + red = 50 / 100 EMA)
I also add some ICT concepts like FVG

I use cornflower for entry 8/12/24/72 EMA
https://www.forexfactory.com/thread/...-hourly-system

I use 3min / 22 min charts for charting
1 min for trading

@xkwisit2001 I will share own template if needed - if I get your permit
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  • #684
  • Dec 3, 2024 2:54am Dec 3, 2024 2:54am
Quick update:

I'm new to trading, still figuring stuff out but I tried the Nova on a demo account last night and managed to sneak in a few shorts.

03.12.24: 10 trades. 6 Wins, 4 Loses

Pairing the Nova indicator with what I've learnt about market structure. Main analysis/daily bias on the 1H, 5M for confluence reaction, 1M for entries using the 3EMA and Nova. Took shorts all the way down to the MSS then called it a night (NYO).

I'm still learning so any feedback would be good!

1h, 5m, 1m attached.
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  • #685
  • Dec 3, 2024 2:59am Dec 3, 2024 2:59am
CHF/USD with red news for Swiss (CPI) at 0730 (UK).

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An earlier entry is possible but price was coming up off of yesterday's close and on a higher timeframe the trend is long. A small trailer could be left on to see if the news volatility can move price down to lower swing or breakout levels.
  • #686
  • Dec 3, 2024 6:34am Dec 3, 2024 6:34am
Quoting Tierades
Quick update: I'm new to trading, still figuring stuff out but I tried the Nova on a demo account last night and managed to sneak in a few shorts. 03.12.24: 10 trades. 6 Wins, 4 Loses Pairing the Nova indicator with what I've learnt about market structure. Main analysis/daily bias on the 1H, 5M for confluence reaction, 1M for entries using the 3EMA and Nova. Took shorts all the way down to the MSS then called it a night (NYO). I'm still learning so any feedback would be good! 1h, 5m, 1m attached. {image} {image} {image}
I forgot to post the screenshot with the Nova indicator, lol
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  • #687
  • Dec 3, 2024 9:53pm Dec 3, 2024 9:53pm
Hello xkwisit2001 can you download the nova indicator here, I searched for the hcir indicator download but couldn't find it, thank you.
  • #688
  • Dec 4, 2024 5:38am Dec 4, 2024 5:38am
Quoting anhkklun
Hello xkwisit2001 can you download the nova indicator here, I searched for the hcir indicator download but couldn't find it, thank you.
I believe xkwisit mentioned a few times it will only be available on TV.
  • #689
  • Dec 4, 2024 9:46am Dec 4, 2024 9:46am
these 2 days were awful for me. -3R yesterday and no entries today
  • #690
  • Dec 4, 2024 12:29pm Dec 4, 2024 12:29pm
Quoting xkwisit2001
{quote} If you need to read a pivot point bible check out davits thread. One of the best threads on here!
I have used during some days the nova volume indicator. I think that it is a very good indicator to use in trending markets with a good market analysis to decide where doing an operation or not. It is not working just by itself.

The point that is getting me a bit confused is the length of the histogram. I would like to understand what is causing the length of the histogram bars, is it calculated with the volume, delta, candle lenght,...? Sometimes I see similar candle movements with a short histogram bars and other times bars are so long that finish out of the screen.

I woul like to understand better how it is calculated to decide better if this is a good oportunity to trade.

Thanks in advance.
  • #691
  • Dec 5, 2024 3:50am Dec 5, 2024 3:50am
Hey guys, apologies for my absence the past few days. Had so much going on that kept me off the charts.

Gold hasn't been the best also so waiting for some clear direction on it as it's currently ranging like hell!

I will get back to any messages/mentions too.

Hope you've all been doing well... nice to see some new faces.
You can lead a horse to water, but you can't make it drink
  • #692
  • Dec 5, 2024 5:04am Dec 5, 2024 5:04am
I am using with this system assets that usually do strong trends. As I operate futures I use Gold, Crude and Nasdaq.
  • #693
  • Dec 5, 2024 7:06am Dec 5, 2024 7:06am
Little example of Nova working in all markets (here: USDCHF).
It's not about the market, it's only about market conditions.
Took these two trades just a few minutes ago.
Green pips to y'all
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  • #694
  • Dec 5, 2024 7:18am Dec 5, 2024 7:18am
Yes, you are right but there are assests that do longer trends than others, and those are my favorites.

By the way, I like your EMAs indicator. What is the name?
  • #695
  • Dec 5, 2024 10:36am Dec 5, 2024 10:36am
Quoting Karl2007
Yes, you are right but there are assests that do longer trends than others, and those are my favorites. By the way, I like your EMAs indicator. What is the name?
Here is the Tradingview-Link: https://de.tradingview.com/script/GG...Visible-ANGLE/
  • #696
  • Dec 5, 2024 1:51pm Dec 5, 2024 1:51pm
Thanks
  • #697
  • Dec 6, 2024 12:55am Dec 6, 2024 12:55am
What's the name of that MAJOR HL/HH indicator called?
  • #698
  • Dec 6, 2024 2:39am Dec 6, 2024 2:39am
Gold had like 8 entries yesterday on 1:2.. was amazing
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  • #699
  • Dec 6, 2024 2:59am Dec 6, 2024 2:59am
Gold win
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  • #700
  • Dec 6, 2024 3:25am Dec 6, 2024 3:25am
Quoting LubeDaddy
Little example of Nova working in all markets (here: USDCHF). It's not about the market, it's only about market conditions. Took these two trades just a few minutes ago. Green pips to y'all
Absolutely. There were good trades across several markets yesterday. The US small caps (R20000) are breaking down this week and we on my radar. Yesterday gave a great short opportunity into the new hour after the markets opened.

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Price was below the previous close, gave a break in structure at the market open, reversed and put in a head and shoulders at the start of the new hour, followed by the pinbar. Nova gives entry (confluence with PA and timing), and kept me in the trade for 30-45 minutes.

RR ~1:5.
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