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Attachments: Nova Volume Trading System
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Nova Volume Trading System

Quoting TableTop
{quote} Absolutely. There were good trades across several markets yesterday. The US small caps (R20000) are breaking down this week and we on my radar. Yesterday gave a great short opportunity into the new hour after the markets opened. {image} Price was below the previous close, gave a break in structure at the market open, reversed and put in a head and shoulders at the start of the new hour, followed by the pinbar. Nova gives entry (confluence with PA and timing), and kept me in the trade for 30-45 minutes. RR ~1:5.
Awesome!! That’s analyzing and taking trades with confluence at it’s best!
NFP Day today - we should have a good trend to come later
You can lead a horse to water, but you can't make it drink
Quoting TableTop
{quote} Absolutely. There were good trades across several markets yesterday. The US small caps (R20000) are breaking down this week and we on my radar. Yesterday gave a great short opportunity into the new hour after the markets opened. {image} Price was below the previous close, gave a break in structure at the market open, reversed and put in a head and shoulders at the start of the new hour, followed by the pinbar. Nova gives entry (confluence with PA and timing), and kept me in the trade for 30-45 minutes. RR ~1:5.
I think you'll like this indicator on TV.

Po3 - perfect for the 1HR OHLC

Here

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You can lead a horse to water, but you can't make it drink
Quoting xkwisit2001
NFP Day today - we should have a good trend to come later
Agree. This ranging market recently is just ugly!
Higher timeframe triple top - could signify a bigger timeframe move - lets see.

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Edit: 1st TP hit (1:3) - 2 left in
Edit2: 2nd closed at ~1:2 and 3rd at BE
- Bias could be switching as the market has now taken out breakout traders from the Asian Open
Zoomed in a bit. You could set your watch on gold price moves. Stop hunting high and low, then on the new hour - we get the move. Nova was starting to show movement a couple of bars earlier. I'm not sure my other positions will survive the equity open.

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Quoting LubeDaddy
{quote} Agree. This ranging market recently is just ugly!
#December
You can lead a horse to water, but you can't make it drink
Gold - market structure long. We get a high put in at the end of the London session and a pullback of around 0-70 pips over the next 2 hours. There is a reverse head and shoulder pattern and at 1330 (UK) the neckline is broken and Nova lights up green. Most of the position is off at 1:2+. Something to watch for, last weeks candle was an inside week and so we could see some explosive moves this week.
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  • Post #709
  • Quote
  • Dec 9, 11:05am (22 hr ago) Dec 9, 11:05am (22 hr ago)
-1R for today, something's wrong with me
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Quoting Ju4ara
-1R for today, something's wrong with me {image}
Nova didn’t show any short sign at the time you entered (consolidation of the short move and Nova being in „nowhereland“), so what was the reason for you to take that trade?
  • Post #711
  • Quote
  • Dec 9, 11:25pm (10 hr ago) Dec 9, 11:25pm (10 hr ago)
Quoting LubeDaddy
{quote} Nova didn’t show any short sign at the time you entered (consolidation of the short move and Nova being in „nowhereland“), so what was the reason for you to take that trade?
That’s why I said something’s wrong with me since I never take this type of trades. Maybe I didn’t sleep for 2 days and that was a reason
Excuse the squashed chart, but this demonstrates how well this indi works across markets. As someone else mentioned in the thread it's about the right market conditions. In this case, the right conditions take a few days to set up.

A great setup yesterday on the SP500. Friday was an outside day, so Thursday's long and short stops were hit. This leaves a kind of vacuum and signals a possible breakout. Price ranges all day, and after we get the move on the rotation to a new hour after equity open. The usual Nova entry criteria are met around 15 minutes into the new hour for an easy 1:5+ in about an hour.
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  • Post #713
  • Quote
  • Dec 10, 7:57am (1 hr 40 min ago) Dec 10, 7:57am (1 hr 40 min ago)
At this point my question is, why don't make it an EI? If it does really work without any "analysis" by an human, why would you trade manually?
  • Post #714
  • Quote
  • Dec 10, 9:07am (29 min ago) Dec 10, 9:07am (29 min ago)
Quoting TheScalpKing
At this point my question is, why don't make it an EI? If it does really work without any "analysis" by an human, why would you trade manually?
I don't think you could trade this (or any) indicator without supporting analysis.

Gold - daily structure is long. We get a pullback coming into the US session a small double bottom and a continuation. Very tight stop and most of the position closed out at 1:2 with a small trailer left in with a target around the 2690 level.
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  • Post #715
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  • Last Post: Dec 10, 9:33am (4 min ago) Dec 10, 9:33am (4 min ago)
I've never been very good at trading oil but this worked out well. The overall structure is long (there have been a few short days and yesterday was the first daily higher high). So with a long bias and knowing the oil markets start to pick up sometime after 1300 (UK), there is a clear dumping pattern, which signals a possible long. Nova lights up, the EMA's split for a perfect entry.
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Different market - same setup
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