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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
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  • #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.
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  • #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
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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
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  • #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)
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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
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  • #431
  • Nov 19, 2024 8:58am Nov 19, 2024 8:58am
caught this on crude
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  • #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.
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  • #435
  • Nov 19, 2024 9:17am Nov 19, 2024 9:17am
Setup
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Descending NOVA, No entry
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  • #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?
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  • #437
  • Nov 19, 2024 9:33am Nov 19, 2024 9:33am
2nd trade on gold. A variation of the triple top - batman (I think).

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  • #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

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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.

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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.

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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.
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