There was another entry on us30 tho, but I wouldn't enter as it gets nearer to 5m charts 200ema
- #582
- Nov 25, 2024 8:57am Nov 25, 2024 8:57am
- Joined Oct 2014 | Status: Cooking | 1,506 Posts
You can lead a horse to water, but you can't make it drink
- #586
- Nov 25, 2024 9:03am Nov 25, 2024 9:03am
- Joined Oct 2014 | Status: Cooking | 1,506 Posts
{quote} 4 winners, 1 loser, overal: +6.6rrr
Have a good evening!
You can lead a horse to water, but you can't make it drink
- #587
- Nov 25, 2024 9:18am Nov 25, 2024 9:18am
- Joined Oct 2014 | Status: Cooking | 1,506 Posts
So I just took this one on gold but I ended up taking a bit less than I should have.
Still a bit weary of gold right now but Nova working well
It hit 2R though
Still a bit weary of gold right now but Nova working well
It hit 2R though
You can lead a horse to water, but you can't make it drink
- #590
- Nov 25, 2024 9:35am Nov 25, 2024 9:35am
- Joined Oct 2014 | Status: Cooking | 1,506 Posts
{quote} hello buddy so for this : Nova will also work best when the 5M is crossing 0 because then the bigger push will appear. should we wait until its actually crossed 0 ?
It doesn't have to be when it actually crosses but it gives you a heads up.
Then go to the 1M chart and wait for the first nova signal. Sometimes there is a nova signal when the 5M is about to cross zero and you can enter on that signal but I would usually wait for a pullback so I'm not getting a fakeout.
5M signal crossing 0 is just saying its sell mode to enter on the 1M nova signals.
Go to 1M and take nova signals.
So Imagine when H1 gives a 0 level cross and you dial down to the 1M nova.
You can lead a horse to water, but you can't make it drink
- #591
- Nov 25, 2024 9:42am Nov 25, 2024 9:42am
- Joined Oct 2014 | Status: Cooking | 1,506 Posts
H1 Nova crossing 0 level.
Nova 1M chart
This is just the idea of using higher TF zero crosses.
H4 would be even crazier but then you have to remember the pullbacks will be bigger so I use M15 or M5 before I continue.
You just need to remember where you are on the higher TF zero level crosses.
You want to match the HTF nova cross with the 1M nova crossing zero to be in with the momentum.
Nova 1M chart
This is just the idea of using higher TF zero crosses.
H4 would be even crazier but then you have to remember the pullbacks will be bigger so I use M15 or M5 before I continue.
You just need to remember where you are on the higher TF zero level crosses.
You want to match the HTF nova cross with the 1M nova crossing zero to be in with the momentum.
You can lead a horse to water, but you can't make it drink
- #592
- Nov 25, 2024 10:30am Nov 25, 2024 10:30am
- Joined Oct 2014 | Status: Cooking | 1,506 Posts
Currently waiting for Nas to break out of this little range and then I will take entry on the first nova signal.
You can lead a horse to water, but you can't make it drink
- #593
- Edited 11:35am Nov 25, 2024 11:25am | Edited 11:35am
- Joined Oct 2014 | Status: Cooking | 1,506 Posts
You can lead a horse to water, but you can't make it drink
- #594
- Nov 25, 2024 12:07pm Nov 25, 2024 12:07pm
Hi xkwisit2001,
I'm following your thread since the very beginning - only as a "silent" reader so far.
First of all I want to say thank you for sharing the NOVA Indicator and giving something back to the community - it is highly appreciated and I think I can speak for many people following this thread.
I would consider myself as a trader with a certain level of experience, but of course still and forever always learning new things! :-)
I backtested your system for a while now.
My approach was studying all of your charts and tried to imagine what your idea was when you took a trade - or also when you didn't.
So long story short, after studying all of it over and over again, my confidence increased, getting to know where the A+ Setups are and when to better stay out of business.
I went live with a small real account, here's my result for today, trading 4,5 hours:
Maybe this will be an inspiration for others!
And here are the trades I took in Gold:
Started with a loser, then found the entry into the short trend and followed it.
I always take M5 as confirmation as you suggest.
The two trades marked with "BE" I set breakeven +1 after reaching 1 R, so that were two free trades.
After I made my money for the day, with the last trade I thought either it will consolidate back to the EMA 200, OR it might go down to the next Pivot Point (purple line in the chart).
So I decided to trail it, and got stopped out at +1,5 R, which is fine.
That trade would have been good for 7 R though, but don't get greedy! ;-)
If you find some time, I would be very glad if you could take a look at my entries and the trade management, and maybe give me your opinion about it! :-)
Btw, for EMA's I'm using an Indicator that shows also the angle of the EMA's with a predicition into the future.
Here's the Link: https://de.tradingview.com/script/GG...Visible-ANGLE/
Maybe it is helpful for anyone, it helps to see where we are with the EMA's, and especially where it is heading to.
I will try and contribute to this thread actively from now on whenever I can! :-)
Thanks again for your great efforts, xkwisit2001! :-)
I'm following your thread since the very beginning - only as a "silent" reader so far.
First of all I want to say thank you for sharing the NOVA Indicator and giving something back to the community - it is highly appreciated and I think I can speak for many people following this thread.
I would consider myself as a trader with a certain level of experience, but of course still and forever always learning new things! :-)
I backtested your system for a while now.
My approach was studying all of your charts and tried to imagine what your idea was when you took a trade - or also when you didn't.
So long story short, after studying all of it over and over again, my confidence increased, getting to know where the A+ Setups are and when to better stay out of business.
I went live with a small real account, here's my result for today, trading 4,5 hours:
Maybe this will be an inspiration for others!
And here are the trades I took in Gold:
Started with a loser, then found the entry into the short trend and followed it.
I always take M5 as confirmation as you suggest.
The two trades marked with "BE" I set breakeven +1 after reaching 1 R, so that were two free trades.
After I made my money for the day, with the last trade I thought either it will consolidate back to the EMA 200, OR it might go down to the next Pivot Point (purple line in the chart).
So I decided to trail it, and got stopped out at +1,5 R, which is fine.
That trade would have been good for 7 R though, but don't get greedy! ;-)
If you find some time, I would be very glad if you could take a look at my entries and the trade management, and maybe give me your opinion about it! :-)
Btw, for EMA's I'm using an Indicator that shows also the angle of the EMA's with a predicition into the future.
Here's the Link: https://de.tradingview.com/script/GG...Visible-ANGLE/
Maybe it is helpful for anyone, it helps to see where we are with the EMA's, and especially where it is heading to.
I will try and contribute to this thread actively from now on whenever I can! :-)
Thanks again for your great efforts, xkwisit2001! :-)
- #597
- Nov 25, 2024 12:23pm Nov 25, 2024 12:23pm
Hello,
First, thanks for the indicator. I would like to confirm with an example if I have understood it correctly to open an operation.
I would not enter in the first two arrows as the signal is not crossing 0, it is in the negative zone.
I should enter in the next arrows as the signal line is crossing 0 and then I get the red zone and red line in the histogram.
Is it correct?
First, thanks for the indicator. I would like to confirm with an example if I have understood it correctly to open an operation.
I would not enter in the first two arrows as the signal is not crossing 0, it is in the negative zone.
I should enter in the next arrows as the signal line is crossing 0 and then I get the red zone and red line in the histogram.
Is it correct?
H1 Nova crossing 0 level. {image} Nova 1M chart {image} This is just the idea of using higher TF zero crosses. H4 would be even crazier but then you have to remember the pullbacks will be bigger so I use M15 or M5 before I continue. You just need to remember where you are on the higher TF zero level crosses. You want to match the HTF nova cross with the 1M nova crossing zero to be in with the momentum.
so much respect to you and a number of other great contributors on this thread as i know this was never really meant as a teaching thread so i for one am so grateful to date
