DislikedThis is crazy to combine with Elliot wave analysis! I see my entries on the chart without indicators, but this indicator also has triggers at the same places where I see my entries. Also, I don't always see my entries so the indicator could be telling you, 'there is indeed a set up'. I also like that you say market structure and volume are the most important things. I agree, I have always seen it in that way too. For market structure, I reduce everything to the Elliot wave theorie if possible, since I believe everything can be reduced to it. HTF/LTF...Ignored
- #783
- Dec 20, 2024 10:30am Dec 20, 2024 10:30am
- Joined Oct 2014 | Status: Cooking | 1,483 Posts
You can lead a horse to water, but you can't make it drink
- #784
- Dec 20, 2024 10:35am Dec 20, 2024 10:35am
- Joined Oct 2014 | Status: Cooking | 1,483 Posts
This is crazy to combine with Elliot wave analysis! I see my entries on the chart without indicators, but this indicator also has triggers at the same places where I see my entries. Also, I don't always see my entries so the indicator could be telling you, 'there is indeed a set up'. I also like that you say market structure and volume are the most important things. I agree, I have always seen it in that way too. For market structure, I reduce everything to the Elliot wave theorie if possible, since I believe everything can be reduced to it. HTF/LTF...
As I mentioned much earlier, if you trade gold futures and pay for the COMEX data feed on tradingview you will get access to the real volume data which Nova will work precisely with.
Also just being profitable with the indicator is the best thanks
You can lead a horse to water, but you can't make it drink
- #785
- Dec 20, 2024 10:49am Dec 20, 2024 10:49am
Didn't like much of what I saw today. USDCAD played out about as anticipated. USDCAD has been on a long run but started to break down yesterday. The ascending triangle leading up to the new hour was probably a trap for longs to re-enter. It may go further but didn't seem to be going anywhere after 45 minutes so closed out for the day.
- #787
- Dec 20, 2024 10:54am Dec 20, 2024 10:54am
- Joined Oct 2014 | Status: Cooking | 1,483 Posts
You can lead a horse to water, but you can't make it drink
- #789
- Dec 21, 2024 9:56pm Dec 21, 2024 9:56pm
- Joined Oct 2014 | Status: Cooking | 1,483 Posts
You can lead a horse to water, but you can't make it drink
{quote} Yeah it works very well with EW. I think the the best term for volume & market structure is just 'Order Flow'. Moving from liquidity to liquidity but understanding where the volume comes from and why. As I mentioned much earlier, if you trade gold futures and pay for the COMEX data feed on tradingview you will get access to the real volume data which Nova will work precisely with. Also just being profitable with the indicator is the best thanks
oof, I only trade nasdaq, but thanks for the tip! Also, what I noticed with the indicator is that with a trendreversal, the collor would not immediatly switch from red to green. it will cross the zero line with momentum. But it doesn't mean you shouldn't trade it, it is just lagging with big reversals, for the collor part. But if you know your position in the cycle, you can trade it based on momentum switch!
I have also lots of respect you can make a indicator like this.
{quote} Yeah it works very well with EW. I think the the best term for volume & market structure is just 'Order Flow'. Moving from liquidity to liquidity but understanding where the volume comes from and why. As I mentioned much earlier, if you trade gold futures and pay for the COMEX data feed on tradingview you will get access to the real volume data which Nova will work precisely with. Also just being profitable with the indicator is the best thanks
Hey guys, Skip the boring part below lol – This isn't a rulebook to follow exactly, so take it in, relate if you can, and if not, just hear me out. This is my first post here, so go easy on me. I promise to add value to this site. We’ve all been there, right? Digging through endless “holy grail” strategies, hoping something sticks. Well, after 10 years of trading, I think I finally have something worthwhile to share—something simple, effective, and easy to grasp. I’m here to give back to the community that helped me get here. Introducing the Nova...
- #795
- Edited 6:24pm Dec 23, 2024 6:10pm | Edited 6:24pm
- Joined Oct 2014 | Status: Cooking | 1,483 Posts
Hi guys, just started looking at Nova. I trade the 1 min charts and wondered what the best settings for this time frame might be. Regards, Baz
It goes like this for me:
Daily Structure - 4HR area of interest - 1HR Entry
4HR Structure - 1HR area of interest - 15M Entry
1HR Structure - 15M area of interest - 5M Entry
15M Structure - 5M area of interest - 1M Ent <<<---- This is what I tend to do but I still follow the 4HR structure for bigger R:R when the TF's align
{quote} oof, I only trade nasdaq, but thanks for the tip! Also, what I noticed with the indicator is that with a trendreversal, the collor would not immediatly switch from red to green. it will cross the zero line with momentum. But it doesn't mean you shouldn't trade it, it is just lagging with big reversals, for the collor part. But if you know your position in the cycle, you can trade it based on momentum switch! I have also lots of respect you can make a indicator like this.
Reversals are best on the M1 following an even bigger TF like the 4HR so that way you can ride some crazy trends.
What I show as entries aren't always what I trade. I have a few swing trades that I keep open for the longer term and then daily I'll take a few smaller ones.
I like to hit 1:10's + ideally but I trade low risk and not 1% like the ICT crew tell you to.
Just something that helps pay the bills long term in case I get intraday losses.
{quote} I see the COMEX feed has a 10 minute delay wouldn't this make it non correct for 1minute scalping or am I seeing this wrong?
{quote} Hi, i've been practicing the nova volume indicator and this is a really good one. Is there any possibilities to have the source code ? i would like to code a scalp system by combining this one with another indicator on tradingview.
Been here and trading for a while and seen very good peoples work on here get stolen from them for a quick payday.
I've had a lot of people ask for the source code on here or want to pay me especially on tradingview.
It's a wild greedy world out there.
Hi guys, will you trade this week? It's xmas, isn't it?
I've done it before and it doesn't end well.
If you really have to then use much lower risk.
You can lead a horse to water, but you can't make it drink
- #796
- Dec 23, 2024 6:22pm Dec 23, 2024 6:22pm
- Joined Oct 2014 | Status: Cooking | 1,483 Posts
You can lead a horse to water, but you can't make it drink
- #797
- Dec 23, 2024 6:35pm Dec 23, 2024 6:35pm
- Joined Oct 2014 | Status: Cooking | 1,483 Posts
You can lead a horse to water, but you can't make it drink