Nova Volume Trading System | Page 22 | 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

  • #421
  • Nov 19, 2024 3:07am Nov 19, 2024 3:07am
tp hit, 6rr in a day , im out im only trading asian session to - london open first 2hours
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 40 KB
  • #422
  • Nov 19, 2024 3:37am Nov 19, 2024 3:37am
Nova applied to stoch just wait for both signals to be oversold/overbought, then wait on the nova histo for entry.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-11-19 at 11.36.24.png Size: 74 KB
  • #423
  • Nov 19, 2024 5:55am Nov 19, 2024 5:55am
Quoting MoochMooch
Nova applied to stoch just wait for both signals to be oversold/overbought, then wait on the nova histo for entry. {image}
how did u set both indicators on one panel on your TV?
cut your losses short and let your profit run
  • #424
  • Nov 19, 2024 6:12am Nov 19, 2024 6:12am
Quoting bleeze
{quote} how did u set both indicators on one panel on your TV?
Click the three dots then move indicator to existing pane
  • #425
  • Nov 19, 2024 6:17am Nov 19, 2024 6:17am
Quoting MachineLearn
{quote} Click the three dots then move indicator to existing pane
doesn't align properly... not sure why
Attached Image (click to enlarge)
Click to Enlarge Name: h.PNG Size: 90 KB
cut your losses short and let your profit run
  • #426
  • Nov 19, 2024 6:46am Nov 19, 2024 6:46am
Quoting bleeze
{quote} doesn't align properly... not sure why {image}
you need to pin to scale
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-11-19 at 14.46.08.png Size: 3 KB
  • #427
  • Nov 19, 2024 8:20am Nov 19, 2024 8:20am
Quoting MoochMooch
Nova applied to stoch just wait for both signals to be oversold/overbought, then wait on the nova histo for entry. {image}
Great results if stoch crosses while OSOB and Nova prints a strong bar, even better if it's ascending strong bar.
  • #428
  • Nov 19, 2024 8:28am Nov 19, 2024 8:28am
Quoting MoochMooch
Nova applied to stoch just wait for both signals to be oversold/overbought, then wait on the nova histo for entry. {image}
Works great if MAs are close together. 30 second charts.

Basically first retracement trading. Can add mtf fractal element to it...
  • #429
  • Nov 19, 2024 8:31am Nov 19, 2024 8:31am
Gold.
High of day,
Break of structure,
Pump back up to give a triple-top
Close below the MAs.
Nova signalling short (and m5 confirmation)
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 38 KB


Not strictly to the rules but the triple top gives a strong sell signal.
Just over 1:2 and TP at the 50 level.


Edit: Forgot to mention timing. This happened as we moved into the new hour.
  • #430
  • Nov 19, 2024 8:32am Nov 19, 2024 8:32am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241119_093202_Photos.jpg Size: 489 KB
  • #431
  • Nov 19, 2024 8:58am Nov 19, 2024 8:58am
caught this on crude
Attached Image (click to enlarge)
Click to Enlarge Name: kNIoNf8k.png Size: 30 KB
  • #432
  • Nov 19, 2024 9:09am Nov 19, 2024 9:09am
Quoting MachineLearn
{quote} Great results if stoch crosses while OSOB and Nova prints a strong bar, even better if it's ascending strong bar.
Might also be useful for an early exit point.
  • #433
  • Nov 19, 2024 9:14am Nov 19, 2024 9:14am
Quoting TableTop
{quote} Might also be useful for an early exit point.
Interesting, I'll test.
  • #434
  • Nov 19, 2024 9:17am Nov 19, 2024 9:17am
I just want to share this triple screen MTF approach that I've been backtesting for a while. The results are extremely promising. Went live today with three wins in a row. Some rules were ignored so I'm presenting this as an idea only and how I use it. Try it yourself. Example and trade I just took below.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCHF_2024-11-19_15-55-21_aeb55.png Size: 56 KB
  • #435
  • Nov 19, 2024 9:17am Nov 19, 2024 9:17am
Setup
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241119_101740_Photos.jpg Size: 370 KB

Descending NOVA, No entry
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241119_101928_Photos.jpg Size: 376 KB
  • #436
  • Nov 19, 2024 9:22am Nov 19, 2024 9:22am
Question for xkwisit2001:

What are your thoughts on divergence as in the example below?
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2024-11-19_05-58-38_f239e.png Size: 12 KB
  • #437
  • Nov 19, 2024 9:33am Nov 19, 2024 9:33am
2nd trade on gold. A variation of the triple top - batman (I think).

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB
  • #438
  • Nov 19, 2024 10:13am Nov 19, 2024 10:13am
Quoting vmd108
Question for xkwisit2001: What are your thoughts on divergence as in the example below? {image}
Yes divergence works, I do consider it when the trend is weakening on higher TF's.

As I trade M1 I am usually able to then get in once the first sign of reversal occurs.

Nothing is as good as this setup though..

EMA FLIP PULLBACK

5M Nova Crossing 0 Level

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 45 KB


Dial down to M1 and start spamming entries with Nova signals.

Once I do get a single loss, I will then wait and see what is going on. Hoping for a reset on the 5M chart.

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
  • #439
  • Edited 10:32am Nov 19, 2024 10:20am | Edited 10:32am
There is a 5M signal on GOLD right now.

Signal line crossing zero level on Nova.

Wait for the EMA flip on M1

EDIT: Trades Invalid as price have moved back down.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
You can lead a horse to water, but you can't make it drink
  • #440
  • Nov 19, 2024 10:46am Nov 19, 2024 10:46am
Took a short with stoch cross, exit around 1:1 but also on stoch lines touching

Not perfect but good setup. Stoch crossed while OB, Nova had strong bar and bearish filter, and once i saw that i took trade right away. Proceeded with caution though as nova was descending. If nova didn't have bearish filter (red) would have been less apt to take it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20241119_114615_TradeLocker.jpg Size: 158 KB
Click to Enlarge Name: Screenshot_20241119_114552_Photos.jpg Size: 438 KB
5 traders viewing now