0800 NY - NAS falling away...textbook entry...almost no DD image

Nova Volume Trading System

Thin market so smaller positions but looks like a good session setup on gold for a scalp. 3 small positions. 1 at 1.5 RR, the second at 1:2 and 3rd just below the high of day. Yesterday was an inside day (EDIT: no it wasn't!!), and in the AO both ...

Nova Volume Trading System

I've only been using this for a short time but it seems very helpful (with the caveat that you still need to know the basics of PA and market structure). Looking back over the week so far I've managed to grab a couple of decent trades each day on ...

Nova Volume Trading System

The opportunity to scale in with multiple entries could be an option too.

Nova Volume Trading System

Sounds interesting. I've done something similar: use the H/L/C of the previous week and month as targets. So if I'm coming off of one of these levels and the higher timeframe trend supports it, I'll leave some of my position on (about a 1/2 to 1/3 ...

Nova Volume Trading System

Failed: Thought this was a short setup following the news. image I'd like to see this strike move without any hesitation or pullback, so got out for a small loss. It may continue but the decision was to preserve my capital.

Nova Volume Trading System

Gold is in break out from yesterday's high. 3 dumps from the high of today prior major red news at 1330 UK / 0830 NY. The news doesn't do anything (more red news later). We get a rising flag/pennant with signals from nova. image

Nova Volume Trading System

Gold London Open. Long (hour plus) consolidation. Triple bottom to the low of the consolidation. Nova all green. A better entry (or at least another if you missed the first) a few bars later on the pullback. image

Nova Volume Trading System

Another lovely setup on Gold. 3 pumps back up just before the NY Equity markets open. 1:2 hit. I'm leaving some in to see if we go lower now that the previous day low is being retested. image

Nova Volume Trading System

M5 hit the zero line. Entered after the engulfing bar on the new 15 minute rotation. 1 tp at 1:2 , one trailed the 1 minute for a little over 1:2 and the 3rd hit breakeven. I thought this was a short to a significant low (but not this one). image

Nova Volume Trading System

Same... holding off on another long - this could have been a stop hunt ready for the high of day reversal.

Nova Volume Trading System

1301 UK time - new hour and a strong nova signal. Trailed the 1 minute bar for 1:3 in less than 5 minutes image

Nova Volume Trading System

11 trades sounds like a lot (IMHO) and there was a lot of red news. If you take another look at Friday. There were 2 red news releases quite close together, so no trades until after the news. Neither release moved the market much so, I'm happy that ...

Nova Volume Trading System

I like your description and would add that, the specific type of MA and duration don't matter, they need to be useful to the individual trader. I think you're talking psychology here! It's probably the biggest hurdle to overcome. If anyone wants to ...

Flying Dutchman

I think this may be an issue with TV (not nova specific) but thought I should check. Every now and then I lose Nova, it just disappears. To get it back I just re-select it, but then the original one (that I thought I had lost) pops back up too. I'm ...

Nova Volume Trading System

That was a minute or 2 into the open. I took the short as price had just popped above the previous day high, and Nova turned red. Just trail the minute candle high all the day down. This is obviously not part of the strategy you suggested but ...

Nova Volume Trading System

I thought I was done, but there's volatility this morning and this was a great EURUSD setup coming into the new hour. image 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 ...

Nova Volume Trading System

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 ...

Nova Volume Trading System

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 ...

Nova Volume Trading System

Wow - that's bizarre behaviour - a cry for help maybe

Nova Volume Trading System