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Nova Volume Trading System

  • #481
  • Nov 20, 2024 4:01pm Nov 20, 2024 4:01pm
Quoting Degolep
{quote} You trade mostly M1? What about M30, H1? Does this strategy work also?
I trade higher TF's but day to day M1 or M5.

Depends on what I'm doing. If I have to meet my bro abroad then i'll find a H1 setup but I'll still execute on at least M5.

I always use HTF and zoom in on M1/M5 for entry.

It works on all timeframes. If trading H1 and nova gives a sell signal then you can dial down for entry on a lower TF unless u wanna wait 3 days for a 1:2 TP.
You can lead a horse to water, but you can't make it drink
  • #482
  • Edited 5:01pm Nov 20, 2024 4:05pm | Edited 5:01pm
Nova @ work

Lets see if it hits 1:2

It's a break for Nas100 so have to wait.

35m till market open. Bit risky with market close but let's see.

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EDIT: LOSS
You can lead a horse to water, but you can't make it drink
  • #483
  • Nov 20, 2024 4:36pm Nov 20, 2024 4:36pm
Quoting xkwisit2001
{quote} I trade higher TF's but day to day M1 or M5. Depends on what I'm doing. If I have to meet my bro abroad then i'll find a H1 setup but I'll still execute on at least M5. I always use HTF and zoom in on M1/M5 for entry. It works on all timeframes. If trading H1 and nova gives a sell signal then you can dial down for entry on a lower TF unless u wanna wait 3 days for a 1:2 TP.
And you use it mostly on gold, nas100 etc... so mostly high volatility pairs works best?
Anything above the line is an uptrend, below the line is a downtrend.
  • #484
  • Nov 20, 2024 5:04pm Nov 20, 2024 5:04pm
Quoting Degolep
{quote} And you use it mostly on gold, nas100 etc... so mostly high volatility pairs works best?
I do many things but if I had to turn it into a strategy, what I've mentioned here is the best way.

The issue is, most people teach... I don't. I'm saying use Nova as a confluence.

So it doesn't matter what I do with it, it's all about what others do with it but it works for me.

I prefer high volatility... Nothing worse than waiting all day for a 20 pip move on EURUSD only for it to reverse 20 pips and BE which I've done many times.

Indices or Gold are for people who don't have patience lol... like me.
You can lead a horse to water, but you can't make it drink
  • #485
  • Nov 20, 2024 6:10pm Nov 20, 2024 6:10pm
Been getting some real weird messages from people on here about the Nova indicator.

I had one offer to buy it.. and then like another 2 hrs later someone else (same day).

Almost as if it shouldn't be on here and I'm exposing something.

Dno if its normal on here for others with threads but i'm being offered weird money for the script lol

I have a strange feeling it's someone from a TV indicator company but I can't be sure. They usually buy peoples indicators and package them up in a monthly sub.

I won't be entertaining anyways... NOVA is mine
You can lead a horse to water, but you can't make it drink
  • #486
  • Nov 20, 2024 6:16pm Nov 20, 2024 6:16pm
Quoting xkwisit2001
Been getting some weird messages from people on here about the Nova indicator. Almost as if it shouldn't be on here and I'm exposing something. Dno if its normal on here for others with threads but i'm being offered money for the script lol
That's happened to me before. It's never worth going down that road, it always leads to sketchiness and a big waste of time. "Hey man, this indicator is way too good, let's put together a team and package it up and sell it. You'll be the coder , I'll be the operator, and we'll split the profit". Next thing you know your signing NDAs in a telegram channel with a bunch of weirdos. Just keep doing what you're doing man and let your profit on the markets tell your success.
  • #487
  • Nov 20, 2024 6:19pm Nov 20, 2024 6:19pm
Quoting MachineLearn
{quote} That's happened to me before. It's never worth going down that road, it always leads to sketchiness and a big waste of time. "Hey man, this indicator is way too good, let's put together a team and package it up and sell it. You'll be the coder , I'll be the operator, and we'll split the profit". Next thing you know your signing NDAs in a telegram channel with a bunch of weirdos. Just keep doing what you're doing man and let your profit on the markets tell your success.
At least it's not just me!!!

Glad you said. I don't need any money from anyone but it's weird. Yesterday I had like 30 fake accounts downvote the thread poll. I'm guessing it's that person so they could try and make me give away the code cheap.

Trading is such a mad environment.

But I defo wouldn't sell the script for £40k LOL dumbasses
You can lead a horse to water, but you can't make it drink
  • #488
  • Nov 20, 2024 6:21pm Nov 20, 2024 6:21pm
Quoting xkwisit2001
More from GOLD, as you can see it doesn't win every trade but the 1:2 is what works for your balance The system allows for you to make mistakes and lose but the next win will be around the corner {image}
interested to try this out
  • #489
  • Nov 20, 2024 6:23pm Nov 20, 2024 6:23pm
After checking email addresses it's a well known youtuber and I know exactly who it is.

I'm stoked but no thanks!
You can lead a horse to water, but you can't make it drink
  • #490
  • Nov 20, 2024 7:20pm Nov 20, 2024 7:20pm
Quick 4R

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You can lead a horse to water, but you can't make it drink
  • #491
  • Nov 21, 2024 1:46am Nov 21, 2024 1:46am
Is there a way to get some kind of an alert when the setup is right?
Anything above the line is an uptrend, below the line is a downtrend.
  • #492
  • Nov 21, 2024 2:07am Nov 21, 2024 2:07am
Quoting xkwisit2001
{quote} I tried to get an MT4 indicator going but the way the TV indi is coded is primarily based on real volume and tick data 2nd. MT4 is always only tick data so it's harder to code and I've had a few people try from the forex factory community and it doesn't work right
Interesting. I've tried on and off for several years to incorporate volume into my trading and have never been able to using MT4 data, either vanilla or integrated into an indicator. I've read a lot about how tick volume tracks real volume and how they are closely correlated, but have a feeling that while this may be true, it is where they do not 100% correlate that is important.
  • #493
  • Nov 21, 2024 3:04am Nov 21, 2024 3:04am
GBPJPY first trade of the day just after the UK Equity open. I've used Nova and EMA's to scan my watchlist FX (GBP and EUR pairs excluding NZD), Gold, Dax and FTSE. A few of the FX pairs look interesting.
A quick analysis of GBPJPY
H1 chart (for weekly analysis) shows what looks to be a failed breakout of the weekly high, and a break in structure. On the daily chart this gives a pinbar. Anyone going long GBP yesterday or this morning is trapped with a red trade. We're also seeing red on Nova but even without it - this is a signal that the market could short (other GBP pairs are looking similar).

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On the M15 I'm seeing the EMA's aligning. Flicking through my shortlist of markets, I'm looking for something that looks like the area marked by a box. It happens again into the London open and the entry can be taken on a lower timeframe. Again we are seeing a lot of big red bars on Nova.

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On the M1 for entry. Use price action and Nova for entries on the 1 minute chart. 2 decent 1:2 entries. I like to let the winners run so keep ~1/3 of each entry open after the 1:2 is hit, and will target a larger move, in this case the 195 price level looks promising, maybe further depending on how the price moves this morning.

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For me capital preservation is my priority and if there is no momentum (or momentum stalls after I've entered) I'll either get out or move my stops to break even.


EDIT: 195 price target hit - done for the morning.
EDIT EDIT: watching GBPJPY now and I'm thinking a trailing stop would have been better!
  • #494
  • Nov 21, 2024 3:32am Nov 21, 2024 3:32am
I thought I was done, but there's volatility this morning and this was a great EURUSD setup coming into the new hour.


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Dotted red 0900, and we see a spike above a recent high, an engulfing candle at 0901 followed by a pin bar. This signals a high probability short, and I'll risk a bigger %. Nova is red and the signal line is passing through 0.
  • #495
  • Nov 21, 2024 7:35am Nov 21, 2024 7:35am
Afternoon trades XAUUSD M1.
4 trades, 1 lose, 3 wins. Totaly 5R.
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You can kill children but never their dreams!!!
  • #496
  • Nov 21, 2024 8:10am Nov 21, 2024 8:10am
Quoting afdx
Afternoon trades XAUUSD M1. 4 trades, 1 lose, 3 wins. Totaly 5R. {image}
You see as soon as you get a loss with nova it means price is reversing.

2 in a row means stop trading as it's most likely ranging.
You can lead a horse to water, but you can't make it drink
  • #497
  • Nov 21, 2024 8:14am Nov 21, 2024 8:14am
@ xkwisit2001

I've been testing your strategy on NAS100 M1 for over a week, and it's legit. I caught a 1:3 this morning. I'm an experienced trader, so I have my ways.
It also works during the Asian session on Nas100. Nova produces many, many trading opportunities.
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  • #498
  • Nov 21, 2024 8:20am Nov 21, 2024 8:20am
Quoting awesome792
@ xkwisit2001 I've been testing your strategy on NAS100 M1 for over a week, and it's legit. I caught a 1:3 this morning. I'm an experienced trader, so I have my ways. It also works during the Asian session on Nas100. Nova produces many, many trading opportunities. {image}
Yeah dude if there is a trend in sight nova will retire you lol

Once you get a loss just mark the high and low that needs to break and wait till 1 does and you can continue.

I am trading nas100 today for the first time in ages so will see how it does for me. Volume coming in 10 mins so I'm ready for it.

Happy it's working for you!
You can lead a horse to water, but you can't make it drink
  • #499
  • Nov 21, 2024 8:32am Nov 21, 2024 8:32am
Nas100 dishing out 1:4's like candy lol

Last one is a measly 1:3

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You can lead a horse to water, but you can't make it drink
  • #500
  • Nov 21, 2024 8:38am Nov 21, 2024 8:38am
LMAO so nas100 erased the whole morning in like 5 candles
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You can lead a horse to water, but you can't make it drink
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