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  • #621
  • Nov 26, 2024 8:38am Nov 26, 2024 8:38am
Quoting Outcast918
Hey OP please excuse my inexperience but what do you mean by has to cross the zero line?
Zero line on Nova indicator.
  • #622
  • Nov 26, 2024 8:43am Nov 26, 2024 8:43am
Took a newbie loss on XAUUSD

any feedback team?

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  • #623
  • Nov 26, 2024 9:04am Nov 26, 2024 9:04am
Quoting Outcast918
Hey OP please excuse my inexperience but what do you mean by has to cross the zero line?
If you see my examples, the yellow line on the histogram.

Zero is the middle
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You can lead a horse to water, but you can't make it drink
  • #624
  • Nov 26, 2024 9:05am Nov 26, 2024 9:05am
Gold has been a hot mess today but not as bad as Nasdaq.

I'm lucky to still be up for the day today.
You can lead a horse to water, but you can't make it drink
  • #625
  • Nov 26, 2024 9:07am Nov 26, 2024 9:07am
Quoting Outcast918
Took a newbie loss on XAUUSD any feedback team? {image} {image}
The trend is up on the M1 example you showed here. Always best for price to be below 200EMA before selling.
You can lead a horse to water, but you can't make it drink
  • #626
  • Nov 26, 2024 9:09am Nov 26, 2024 9:09am
Hi all, had 2R loss for today, not even sending screenshots, those who traded today know it wasn’t a grate day, the most important for me was not to lose a lot, and I fulfilled this goal
  • #627
  • Nov 26, 2024 9:12am Nov 26, 2024 9:12am
Quoting Ju4ara
Hi all, had 2R loss for today, not even sending screenshots, those who traded today know it wasn’t a grate day, the most important for me was not to lose a lot, and I fulfilled this goal
Yeah it hasn't been good during the London NY crossover. 1 trade kept me in good profit today but price has just been too messy.

Best to stay out, it just means tomorrow will be crazy.

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You can lead a horse to water, but you can't make it drink
  • #628
  • Nov 26, 2024 9:16am Nov 26, 2024 9:16am
Quoting xkwisit2001
{quote} Yeah it hasn't been good during the London NY crossover. 1 trade kept me in good profit today but price has just been too messy. Best to stay out, it just means tomorrow will be crazy. {image}
Damn, this means I will start my work at 4 a.m GMT. And market will be after the news so most probably no trades for tomorrow.
  • #629
  • Nov 26, 2024 9:22am Nov 26, 2024 9:22am
Got a trade on an EMA’s flip and bounce off on us30, hope this works
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  • #630
  • Nov 26, 2024 9:35am Nov 26, 2024 9:35am
Quoting Ju4ara
Got a trade on an EMA’s flip and bounce off on us30, hope this works {image}
didn’t risk, took just 1R, almost got flipped
  • #631
  • Nov 26, 2024 10:01am Nov 26, 2024 10:01am
Should’ve wait, it did hit 2R and I skipped the next opportunity cos wasn’t around
  • #632
  • Nov 26, 2024 10:51am Nov 26, 2024 10:51am
Quoting LubeDaddy
{quote} Yeah, it really is a nice indicator I came about even before this thread. For me I mainly use it to smooth things out a bit, just like xkwisit mentioned with HA-candles, similar effect. And thank you, I always appreciate your insights too! :-)
what is LRC buddy?

ta
  • #633
  • Nov 26, 2024 10:54am Nov 26, 2024 10:54am
Quoting hope&glory
{quote} what is LRC buddy? ta
It’s the “Linear Regression Channel”.
It allows to color the bars depending on the heat of the market, so it will be easier to visualize where you are in the market.

You can find it here: https://de.tradingview.com/script/7a...ssion-Channel/
  • #634
  • Nov 26, 2024 11:26am Nov 26, 2024 11:26am
is anyone taking advantage of the Trading View Black Friday sale on subscriptions?
  • #635
  • Nov 26, 2024 11:52am Nov 26, 2024 11:52am
Hi! I'm new over here but i've started trading a couple years ago.
I've been using for a while the DR/IDR strategy (you can find how it works on the mas7er YT channel) mixed with ICT concepts and a "cloud" indicator based on the 21 EMA and a derivated EMA with a 8 periods EMA, 14 periods DEMA and a 100 periods EMA. Basically the strategy works like this: If the price breaks the DR range, the cloud is in favour and it leaves an FVG, i can trade.
So, i've been backtesting my strategy with the nova indicator and it is awesome because it's another confirmation that i can use.

I think you've given us something really useful, thanks a lot.

Here you have some examples of how i'm applying the strategy:
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  • #636
  • Edited 12:20pm Nov 26, 2024 11:56am | Edited 12:20pm
Before and after. I think all speaks for itself. I identify levels by myself and love to see volume spike into them. Usually nice bounce follows.
However, this one was just regular, trend change/break out following trade.

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Example of what I mean a spike into the zone. GBP/JPY 5 min chart today. (almost 5 to 1: 19pip stop and 98pip profit)

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  • #637
  • Nov 26, 2024 12:32pm Nov 26, 2024 12:32pm
Quoting taksistalo
Before and after. I think all speaks for itself. I identify levels by myself and love to see volume spike into them. Usually nice bounce follows. However, this one was just regular, trend change/break out following trade. {image} {image} Example of what I mean a spike into the zone. GBP/JPY 5 min chart today. (almost 5 to 1: 19pip stop and 98pip profit) {image}
Very good observation. I mentioned this a fair few pages ago and defo noticed price reverses these big volume spikes.

It's almost like a liquidity run without taking any liquidity as such. Mark out the -200 and +200 levels on the 1M chart nova and you'll see lots of them appear.

Could be a cool entry system

Hope the charts treating you well bud!
You can lead a horse to water, but you can't make it drink
  • #638
  • Nov 27, 2024 1:00am Nov 27, 2024 1:00am
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.

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  • #639
  • Nov 27, 2024 5:30am Nov 27, 2024 5:30am
Quoting xkwisit2001
{quote} Once the 5M goes below the zero level I will dial down to the 1M chart and take nova signals. I will still look at the higher TF i.e 15m/H1 too just to see if its down too. If not, I'll wait and see what's going to happen as reversal could be coming. I always follow HTF trend.
How is it possible to take 1m trades on the flip so quickly (price going from above the 200ma to below or vice versa) if we need to wait for higher time frame confirmation?

Also with the higher time frame confirmation are we looking for supportive histogram bars only or do we need the background colour along with the bar?
  • #640
  • Nov 27, 2024 6:05am Nov 27, 2024 6:05am
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.

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