Nova Volume Trading System | Page 11 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

HYBRID: trading system within a trading system 31 replies

Trapping System: Way to Fully-Automated Trading System 47 replies

Indicators:SuperNova !!! and Nova! 2 replies

Terra Nova Trading ECN 1 reply

Attachments: Nova Volume Trading System
Exit Attachments

Nova Volume Trading System

  • #201
  • Nov 5, 2024 4:47am Nov 5, 2024 4:47am
Hi I changed the EMAs to "colored emas". So You can check the slope, and if the 50 EMA changes color, then you know things are getting messy.
I hope it is useful. All the best

https://www.tradingview.com/chart/XU...ymbol=SP%3ASPX
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-11-05_11-47-19_825ad.png Size: 125 KB
  • #202
  • Nov 5, 2024 6:03am Nov 5, 2024 6:03am
Quoting Jumpthefence
Quick scalp {image} {image}
nice one
  • #203
  • Nov 5, 2024 7:25am Nov 5, 2024 7:25am
8 trades, M2 EURUSD today, pretty much following the rules:
7 loosers.
Granted, one took my BE stop and then ran to my original 2R TP.

By no means I am giving up, just need to fine-tune somehow.
  • #204
  • Nov 5, 2024 7:36am Nov 5, 2024 7:36am
Was on a good run 3 win, 1 loss, 1 B/E. Im guess elections got some effect on ny session. Will see. Love the mix of candles and nova so far
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 61 KB
  • #205
  • Nov 5, 2024 7:44am Nov 5, 2024 7:44am
Hope you guys are being careful in the markets... It's election day.

I've not been trading and won't be until later this week or even next as it's gambling at this point.
You can lead a horse to water, but you can't make it drink
  • #206
  • Nov 5, 2024 8:34am Nov 5, 2024 8:34am
Stopped out again on half an R loss, only to see it run to my TP.
Interestingly enough, right after my stop, there was another long signal.Both would have reached the sky.
I think even being election day, it is tradable, any day, sure except 10 minutes before big news. My problem has been my "perfect trailing system"
I will Back test a week or so, no trailing, either STOP or TP.
Then maybe add something like when it is very close to TP trail on 1 bar.
Will let u guys know.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2024-11-05_15-30-21_69524.png Size: 153 KB
  • #207
  • Nov 5, 2024 11:56am Nov 5, 2024 11:56am
Quoting cuchuflito
Stopped out again on half an R loss, only to see it run to my TP. Interestingly enough, right after my stop, there was another long signal.Both would have reached the sky. I think even being election day, it is tradable, any day, sure except 10 minutes before big news. My problem has been my "perfect trailing system" I will Back test a week or so, no trailing, either STOP or TP. Then maybe add something like when it is very close to TP trail on 1 bar. Will let u guys know. {image}
Try doing exactly what I've shown first if you want to see more consistency.

1M chart on gold and follow with a higher tf 5, 15,1hr direction in mind.

You need to know where you are in the trend too so once you're at the start of a new 1m trend then see where it is on the higher timeframe as theres only so many waves that occur before things can change.

I will go over what I would have done today. As of right now I've not been taking any trades personally.
You can lead a horse to water, but you can't make it drink
  • #208
  • Nov 5, 2024 12:26pm Nov 5, 2024 12:26pm
Everything is in a holding pattern for obvious reasons, limited range with smaller ranges at lower time frames. So agree very limited number of waves on a 1 minute chart and the higher TF will show not to enter. I've had some success with JPY pairs over the last few hours but with very few pips at a time and generally risky.
Its all just one persons opinion
  • #209
  • Nov 5, 2024 1:43pm Nov 5, 2024 1:43pm
This is the price action we are dealing with and for me, I just stay out.

Literally zero reason to trade this rubbish and I would have been out after the first few losses IF i was trading today.

Best to wait for elections to pass and allow the market to move much better, it's literally gambling at this point but hey... elections only come around every 4 years so there is no reason to enter this moshpit.

Granted, there are some good trades in there but just not worth it.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 67 KB


In other news, Nova seems to be growing well on TV. I hope it is helping you with your trading going forwards!

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 38 KB
You can lead a horse to water, but you can't make it drink
  • #210
  • Nov 5, 2024 2:17pm Nov 5, 2024 2:17pm
This is what I am usually looking for when it comes to my best setups.

It works best when there is also a signal on the 5m/15m so you know you are in line with the trend but you still want to make sure you check the H1,H4 & Daily for the long term direction as this is where the monster trends will come from.

But 5m & 15M for structure.

I will always look at the signal line to be below 0 but not always (yellow line on nova for my chart)

You'll get better over time at knowing when it's time to go but for now ensure signal line is below 0 for sell entries and above 0 for buy entries.

This is why I use the EMAS as my short term direction on M1 unless I am in with the main trend.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 68 KB
You can lead a horse to water, but you can't make it drink
  • #211
  • Nov 5, 2024 5:59pm Nov 5, 2024 5:59pm
Thanks for sharing the system. Looks great and something which I was looking for to add to my stuff. Will post some trades later. Green pips!
  • #212
  • Nov 5, 2024 6:29pm Nov 5, 2024 6:29pm
Bitcoin. 1:2R
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB
  • #213
  • Nov 5, 2024 10:20pm Nov 5, 2024 10:20pm
Quoting taksistalo
Bitcoin. 1:2R {image} {image}
Looking good!

Bare in mind I use this on gold mainly but it's so good to see it working for others on other instruments.

The green push up signal was perfecto!
You can lead a horse to water, but you can't make it drink
  • #214
  • Nov 5, 2024 11:54pm Nov 5, 2024 11:54pm
Good day
Can you tell me where the volume indicator gets its data from? Is it tick volume?
  • #215
  • Nov 6, 2024 3:17am Nov 6, 2024 3:17am
Quoting xkwisit2001
this is what i am usually looking for when it comes to my best setups. It works best when there is also a signal on the 5m/15m so you know you are in line with the trend but you still want to make sure you check the h1,h4 & daily for the long term direction as this is where the monster trends will come from. But 5m & 15m for structure. I will always look at the signal line to be below 0 but not always (yellow line on nova for my chart) you'll get better over time at knowing when it's time to go but for now ensure signal line is below 0 for sell...

thanks a milion brother!
  • #216
  • Nov 6, 2024 4:04am Nov 6, 2024 4:04am
Is the MT4 version out?
  • #217
  • Nov 6, 2024 4:15am Nov 6, 2024 4:15am
Quoting Lanzo
Is the MT4 version out?
You can check yourself. But I am just as eager as you to get the MT4 version. I just don't like TV. And I can't wait to get some good old MT4 alarms, so that we don't need to watch constantly.
MetaTrader 4 - so many advantages.
  • #218
  • Nov 6, 2024 4:32am Nov 6, 2024 4:32am
Quoting RiskFighter
{quote} You can check yourself. But I am just as eager as you to get the MT4 version. I just don't like TV. And I can't wait to get some good old MT4 alarms, so that we don't need to watch constantly.
But TV has much better alarms, amongst other things.
  • #219
  • Nov 6, 2024 5:10am Nov 6, 2024 5:10am
Quoting cuchuflito
{quote} But TV has much better alarms, amongst other things.
It's not about what is better, it's about what someone prefers; i also prefer MT4, could just be personal taste or what you're used to
  • #220
  • Nov 6, 2024 5:26am Nov 6, 2024 5:26am
I look in TV and than enter in my MT5 on the phone =)))


Couple trades
1. USD/JPY - uptrend + level - consilidation (was pretty bad chop) - at the end closed manually, TP1 2:1 was hit pretty fast. closed almost 4:1
Attached Image (click to enlarge)
Click to Enlarge Name: 1jpy.jpg Size: 210 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2jpy.jpg Size: 165 KB



2. Gold. Just simple book rule trade. (trying out gold, didn't trade it for a while)

Attached Image (click to enlarge)
Click to Enlarge Name: gold1.jpg Size: 143 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gold2.jpg Size: 152 KB
8 traders viewing now