2nd trade on gold. A variation of the triple top - batman (I think). image

Nova Volume Trading System

Might also be useful for an early exit point.

Nova Volume Trading System

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

Nova Volume Trading System

I have an account for longer-term trades (trades lasting a minimum of a few days but normally a few weeks, and sometimes a few months when the swaps are good). I'm doing a bit of backtesting to see how this could have helped on previous trades and ...

Nova Volume Trading System

Great thread. Staying out when these setups are NOT present (Fakes/Flips/Pumps/Dumps/Sweeps - so many names) is the way to grow an account (or draw a wage). The most common cause for me taking a loss is trying to trade the market when it isn't ...

Flying Dutchman

Well said - I was trying to go long when price was still bouncing around inside of the range. I normally mark off the high and low of the day and should have seen this before attempting the long (I was trading into the high of the day - I should ...

Nova Volume Trading System

Live trade image PA is flat coming out of the news. Forms a ~50 pip box, then expands the range to the high and low, dragging in traders. Equity open at 1430 (UK) and at 1445 I get a signal that I am happy with. A dump down, pump back up and a ...

Nova Volume Trading System

This is only relevant to intraday scalpers and getting off-topic. What I mean is, when you are focused on the m1, be aware of where you are in the M15 and H1 candles, both in terms of the OHLC AND the time (H4 too). The start of a 15-minute or hour ...

Nova Volume Trading System

image GBP JPY. Major Red News at 0700, had little impact on the market. Price pulled back to the EMAs, and started to pull away. Took a small entry first as I wasn't totally confident that the news shakeout was over. The 2nd entry was not a 'new' ...

Nova Volume Trading System

A London open trade on Gold. Asian session dropped, then a pump back up into London, and sideways consolidation in a 100 pip box, which compresses to 50. The first dump down through the low of the session could have been an entry, but the pullback ...

Nova Volume Trading System

Yeah - same same but different! I like the indi and I thing xkwisit2001 is doing a good job trying to make it mechanical, but intraday is hard without a decent understanding of market structure and price action.

Nova Volume Trading System

Gold image MRN - we see a spike to yesterdays NYO high and there is no momentum. FOr the next hour price is in a 50 pip box and seems to be working the high - no doubt pulling traders long. Then NY equity open and we get an engulfing with ...

Nova Volume Trading System

Fantastic results. Something to point out to anyone else caught in the chop. If you draw a line across from the low of the previous day you'll see the region of chop was yesterday's low. Price tends to 'bounce' off or chop at these important levels ...

Nova Volume Trading System

I'm new to trading gold so not sure what rocks the market yet. Does the Prelim UoM Consumer Sentiment coming out @1500 (UK) (10am US I think), not have any impact?

Gold

Hi spzd I've been dropping in and out to follow your thread as a lot of what you're saying resonates with my own experiences. Regarding SB, he has some very useful content and I'm certainly much better at understanding what HAS happened, but I ...

Volman meets Burke or My journey with PA

Hi billytt - interesting thread (too much to take in). I've recently been trying to work out a system based on the TKO range and the LO, and it could be that the 0800-0815 is the missing piece. Cheers

Billytt Die happy trading e/j daily breakout