Attachments: Nova Volume Trading System

Nova Volume Trading System

#1,541
Edited 8:33am Jul 23, 2025 8:16am | Edited 8:33am

xkwisit2001
Joined Oct 2014 | Status: Cooking | 1,483 Posts

Quoting dbsys

Disliked

Update for today.. 2 win, 1 BE, 4 loses.{image} Also took these GOLD trades so far.. {image}

Ignored

I think the main issue with where you are going wrong is some of the entries aren't correct and also during the first hour of london price will swing about.

For gold price was rejected at yesterday high and would be due a correction imo.

To set up my day this is what my brain is looking for if bullish bias is intact.

Once I get confirmation of price continuation only then I will start looking for entries when EMA's flip.

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 62 KB

The following entries would then be possible as we know price rejected the highs already and would be seeking to pullback towards a fib level.

For me price will not be bearish untill the low of the impulse move has been broken.

Entry on the pullback of the EMA flip, then continue with entries till 50% and beyond.

This is a bit more risky than following the HTF trend though.

However this pullback move is supported by the 0 level crossing on the M15 if you have read what I said about this in the past week.

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 55 KB

You can lead a horse to water, but you can't make it drink

#1,542
Jul 23, 2025 8:50am Jul 23, 2025 8:50am

xkwisit2001
Joined Oct 2014 | Status: Cooking | 1,483 Posts

Let me explain the 0 level cross again on the HTF

This is the M15 showing a 0 level cross of Nova after being rejected from yesterdays high.

We then anticipate a pullback on the M15 towards a POI we choose. For me it will be the fib levels 50% initially or then 61.8 - 70.5% area if price keeps going down.

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 52 KB

After the 0 level cross is confirmed on the M15 you can then drop down to the M1 to see the EMA flip occur where you can then start taking entries towards the POI's.

Keeping in mind that the HTF is still bullish so you don't want to be staying in long term... take what you can get & be prepared for a loss in this situation (counter trend trading).

As you can see below: You could take the entries and TP at the 50% area. We have M15 0 Level cross supporting this move and we can anticipate 50% being hit as the most likely target. It doesn't have to hit perfectly and reverse... It can dig a little deeper before deciding if it wants to continue or potentially reverse so if it is going to reverse then we just want to start setting bullish structure forming i.e recent downtrend highs being broken and then higher lows before the next EMA flip.

You can see you'd already be able to achieve 9.5R off those last 3 entries or 7.5R if only taken first 2 entries to the 50%.

I am not the biggest fan of entries where the price has shot away and the bar length is too long for a good stop loss. Depends on the strength of volume.

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 51 KB

To set a bullish and bearish 0 level cross then here is what you need to do.

Create an alert in tradingview by selecting the bell icon (top right side bar)

Then use these settings on the HTF you wish to observe the cross and be alerted.

In this case it is the M15.

Select the Nova volume indicator from the dropdown

You want to create 1 alert each for both bullish and bearish momentum cross and use the ONCE PER BAR CLOSE option then save... that it. It'll alert when there is a 0 level cross.

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 11 KB

You can lead a horse to water, but you can't make it drink

#1,543
Jul 23, 2025 9:14am Jul 23, 2025 9:14am

usmanlaghari
| Joined Mar 2021 | Status: Trader | 31 Posts

Quoting xkwisit2001

Disliked

Let me explain the 0 level cross again on the HTF This is the M15 showing a 0 level cross of Nova after being rejected from yesterdays high. We then anticipate a pullback on the M15 towards a POI we choose. For me it will be the fib levels 50% initially or then 61.8 - 70.5% area if price keeps going down. {image} After the 0 level cross is confirmed on the M15 you can then drop down to the M1 to see the EMA flip occur where you can then start taking entries towards the POI's. Keeping in mind that the HTF is still bullish so you don't want to be...

Ignored

Nicely explained.

Your dedication towards sharing your knowledge with others is exceptional.
Haven't seen such a guy since I started trading ( 5 years ago ).
If anybody cannot understand now , I guess he/she never would.

#1,544
Jul 23, 2025 9:34am Jul 23, 2025 9:34am

xkwisit2001
Joined Oct 2014 | Status: Cooking | 1,483 Posts

Quoting usmanlaghari

Disliked

{quote} Nicely explained. Your dedication towards sharing your knowledge with others is exceptional. Haven't seen such a guy since I started trading ( 5 years ago ). If anybody cannot understand now , I guess he/she never would.

Ignored

I appreciate the kind words. I'm not the best at explaining things so the more I get out the more people can try and understand.

Didn't really think many don't understand that in trading there is a roadmap to follow starting with structure.

When it comes to taking Nova entries we need to know what the HTF is doing in reality so that we can frame our bias.

On gold I know its bullish so I am looking for where we can turn bullish from a POI.

If we focus on M15 zero line cross with the signal line that can help indicate when is good to pull the trigger.

Everyone trades differently and use different timeframes so I am basically showing what I would be looking for and it doesn't mean its a set in stone rule.

Hope everyone is managing to understand the system...

I will be creating a new post which will be everything I have discussed up till now regarding Nova and structure etc so that it is up to date & then I'll add a notice on Page 1 to go to post X for the updated system.

You can lead a horse to water, but you can't make it drink

#1,545
Edited 9:51am Jul 23, 2025 9:39am | Edited 9:51am

xkwisit2001
Joined Oct 2014 | Status: Cooking | 1,483 Posts

Now we have a possible bounce from the M15 50% level... below is M1.

It's a fib within a fib.

We have had a bounce of the 61.8 fib for a possible M1 reversal but we need to wait for the bullish structure and for highs to be broken along with an EMA flip.

Gold likes to fake out before a big move so it could easily turn around from where it is just to take some more liquidity out before we get the real move.

I have M15 cross alert on and will wait to see what happens.

So until this happens there is no reason to take any trades because we don't want to be caught up in a range. Let M15 confirm bullish & then M1 EMA flip.

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 65 KB

Possible bullish options in my head:

But we NEVER know, price could turn bearish at any moment which is why we wait for confirmation.

Then when we get days like yesterday that is when patience pays off massively... there was an EASY 20% at least - 130% yesterday in ONE day!

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 59 KB

You can lead a horse to water, but you can't make it drink

#1,546
Jul 23, 2025 9:55am Jul 23, 2025 9:55am

xkwisit2001
Joined Oct 2014 | Status: Cooking | 1,483 Posts

If we head lower I will be watching 3400 like a hawk but I do think we'll stay bullish overall.

Round number & 70.5% of M15 fib.

You can lead a horse to water, but you can't make it drink

#1,547
Jul 23, 2025 10:26am Jul 23, 2025 10:26am

xkwisit2001
Joined Oct 2014 | Status: Cooking | 1,483 Posts

Quoting xkwisit2001

Disliked

Now we have a possible bounce from the M15 50% level... below is M1. It's a fib within a fib. We have had a bounce of the 61.8 fib for a possible M1 reversal but we need to wait for the bullish structure and for highs to be broken along with an EMA flip. Gold likes to fake out before a big move so it could easily turn around from where it is just to take some more liquidity out before we get the real move. I have M15 cross alert on and will wait to see what happens. So until this happens there is no reason to take any trades because we don't want...

Ignored

See this is why we have to keep to the context of the market before powering ahead with nova entries.

Price has indeed swept the low here but maybe not enough as we are not breaking higher yet so we wait.

Could move from here or it could raid that low once again or even seek liquidity even lower.

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 44 KB

EDIT: I am also using volume bars on TV if you have premium its a good addition. Some bars are thicker than others which shows the volume in the bars. Very good stuff.

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 9 KB

You can lead a horse to water, but you can't make it drink

#1,548
Jul 23, 2025 10:59am Jul 23, 2025 10:59am

pipcruiser
Joined Mar 2007 | Status: One life - live it... | 713 Posts

Messing with GC futures, so far so good. Missed a few good runs due to picking up kids...

PC

Edit: Closed last contract at yesterdays low, 10 K day, thanks XK!

Attached Image (click to enlarge)

Click to Enlarge

Name: GC Futures.png
Size: 156 KB

Less is more...

#1,549
Jul 23, 2025 11:11am Jul 23, 2025 11:11am

xkwisit2001
Joined Oct 2014 | Status: Cooking | 1,483 Posts

Quoting pipcruiser

Disliked

Messing with GC futures, so far so good. Missed a few good runs due to picking up kids... PC Edit: Closed last contract at yesterdays low, 10 K day, thanks XK! {image}

Ignored

You're welcome ha

I'm guessing you have the added comex data right? Nova will work really good on futures!

I was going to make the switch to futures full time.

Is nova doing good for you overall since using it?

Golds just gone mad in the past half an hour

You can lead a horse to water, but you can't make it drink

#1,550
Jul 23, 2025 11:15am Jul 23, 2025 11:15am

pipcruiser
Joined Mar 2007 | Status: One life - live it... | 713 Posts

Quoting xkwisit2001

Disliked

{quote} I'm guessing you have the added comex data right? Nova will work really good on futures! Golds just gone mad in the past half an hour

Ignored

Yes I have, but they move pretty much the same...Yup great sell off...

I wish I had the patience sitting on my but trading, but truth is, (for me) its so fckin boring lol. (I refer to my DM to you some days ago btw)

So honestly, besides catching up on this great thread now and then, I havent been trading it more than a few days here and there, all profitable.

PC

Less is more...

#1,551
Jul 23, 2025 11:25am Jul 23, 2025 11:25am

xkwisit2001
Joined Oct 2014 | Status: Cooking | 1,483 Posts

Quoting pipcruiser

Disliked

{quote} Yes I have, but they move pretty much the same...Yup great sell off... I wish I had the patience sitting on my but trading, but truth is, (for me) its so fckin boring lol. (I refer to my DM to you some days ago btw) So honestly, besides catching up on this great thread now and then, I havent been trading it more than a few days here and there, all profitable. PC

Ignored

Similar to me, I don't trade as much as people might think but what I've started liking is to put my thoughts on this thread for people to unpack and learn something from if they want to follow and use Nova. I'm not a mr know it all by all means but I have been profitable using Nova and I can see you've been here for a long time 2007 so I'm glad after all this time even new school ideas can help

I'd hope people don't see nova as an 'indicator' as I think they get a bad rep since MT4

Glad it's profitable for you and I will go through my DM's! theres so many I need to get back to so apologies.

You can lead a horse to water, but you can't make it drink

#1,552
Jul 23, 2025 11:26am Jul 23, 2025 11:26am

xkwisit2001
Joined Oct 2014 | Status: Cooking | 1,483 Posts

Looks like we need to move over to H4 as the HTF for now... still bullish

Attached Image (click to enlarge)

Click to Enlarge

Name: screenshot.png
Size: 48 KB

You can lead a horse to water, but you can't make it drink

#1,553
Jul 23, 2025 11:42am Jul 23, 2025 11:42am

pipcruiser
Joined Mar 2007 | Status: One life - live it... | 713 Posts

Quoting xkwisit2001

Disliked

{quote} Similar to me, I don't trade as much as people might think but what I've started liking is to put my thoughts on this thread for people to unpack and learn something from if they want to follow and use Nova. I'm not a mr know it all by all means but I have been profitable using Nova and I can see you've been here for a long time 2007 so I'm glad after all this time even new school ideas can help I'd hope people don't see nova as an 'indicator' as I think they get a bad rep since MT4 Glad it's profitable for you and I will go...

Ignored

Thanks!

Yes been here pretty much since the early days., took me a few years to sign-up, I was just lurking in the first years...

Im always curious, always motivated to learn more.

As they say, "If you think you are done learning - you are done".

PC

Less is more...