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Nova Volume Trading System

  • #1,281
  • Jul 6, 2025 5:34am Jul 6, 2025 5:34am
Quoting usmanlaghari
{quote} Regarding Friday ( I know it was a no trading day, just checking the system) , i checked every trade, it was a breakeven day. One more thing, I found that tiny breath area for SL could prevent some stop losses. I have little confusion about signal line for which I request @xkwisit2001 to kindly guide :- Do volume bar needs to cross the signal line for a valid trade or just signal line needs to cross the 0 level to make it a valid trade signal.
I wouldn't have even tested anything for friday. It was just a no go day completely for anyone taking trading seriously. You'd never want to go to a party if you know nobody is going to turn up.

There's plenty of trading examples also in this thread so I would say to study them as trading is subjective and I presented my system so that others could find use for it in their own systems.

the volume bars don't exclusively need to cross the signal line for it to be valid but understanding the context of the market is what helps to make better decisions.

--------------

Lets pretend monday is going to be a clear bullish day and there is an old high sticks out like a sore thumb that price will be drawn to on the H1 (I'll mark it with a horizontal line.

 

  1. I will also mark out lows from the asian session and further down as I want to see reactions.
  2. At london open I would be looking for price to purge the recent lows before turning bullish for the rest of the day.
  3. I will start looking for buys when the M1 has started to turn bullish and the EMA's flip.
  4. After that, any entries I open with nova I know will have a good possibility of hitting the H1 high I am targetting... especially if I manage to get into the trend early.
  5. Along the way to the H1 high, there will be lots of winning nova signals and there will be some losses if there are pullbacks. Gaining 10R lets say before the first pullback is not a bad thing and I won't be bothered... I'll just wait for price to re-align again.

What I am trying to say is that by understanding the context of the market, you can know when to take entries. If price is ranging on the HTF then its always a good idea to wait for a break of the range (bullish or bearish) and align with it on the LTF.

You can lead a horse to water, but you can't make it drink
  • #1,282
  • Jul 6, 2025 6:27am Jul 6, 2025 6:27am
Quoting xkwisit2001
{quote} I wouldn't have even tested anything for friday. It was just a no go day completely for anyone taking trading seriously. You'd never want to go to a party if you know nobody is going to turn up. There's plenty of trading examples also in this thread so I would say to study them as trading is subjective and I presented my system so that others could find use for it in their own systems. the volume bars don't exclusively need to cross the signal line for it to be valid but understanding the context of the market is what helps to make better...
That was a great explanation! My confusion is all cleared up. Thanks a lot
  • #1,284
  • Jul 6, 2025 4:06pm Jul 6, 2025 4:06pm
I don't want to come across as rude or anything but theres plenty of pages on here to study and get information so if new people are going to ask what timeframe to use then you're in the wrong place and not ready.

We're on page 65 now
You can lead a horse to water, but you can't make it drink
  • #1,285
  • Jul 6, 2025 5:15pm Jul 6, 2025 5:15pm
Days barely started and 8R already
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You can lead a horse to water, but you can't make it drink
  • #1,286
  • Edited 6:57pm Jul 6, 2025 6:25pm | Edited 6:57pm
10R overall - thats good for supposedly dead asia hours. There were more entries that would have lost but price was at support so it wouldn't make sense to add.
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Edit: 12R

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  • #1,287
  • Jul 6, 2025 9:41pm Jul 6, 2025 9:41pm
Quoting xkwisit2001
Days barely started and 8R already {image}
The third short doesn't make sense, it doesn't match your rule. Could you please explain it?
  • #1,288
  • Jul 7, 2025 2:45am Jul 7, 2025 2:45am
Some good trades collected on EU today. Totalling 19R, nova has its magic
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  • #1,290
  • Edited 5:18am Jul 7, 2025 4:56am | Edited 5:18am
Quoting dorw123
What is the logic behind this indicator? Is there a version for MQL4-MQL5? I would like to make an EA based on it. Could anyone explain the logic ?
Read the first post dorw
  • #1,291
  • Jul 7, 2025 5:30am Jul 7, 2025 5:30am
Another one on GU, all thanks to nova and xkwisit.
Total GU 14RR

Total for today 33RR so far
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  • #1,292
  • Jul 7, 2025 5:33am Jul 7, 2025 5:33am
Quoting Borgi
Another one on GU, all thanks to nova and xkwisit. Total GU 14RR Total for today 33RR so far {image}
Good work bud - glad you're picking it up!

I've not done anything so far during london as price has been stuck in the london open range all day so far.

My plan is wait for range to breakout before anything.

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Also, there will be more disliked comments going forward on here to keep it clean. It's okay to ask questions but if people can't at least read the first couple of pages then I don't know what else to do really
You can lead a horse to water, but you can't make it drink
  • #1,293
  • Jul 7, 2025 6:39am Jul 7, 2025 6:39am
And there we go... not a fan of the price being within the london open range BUT for this it hit the main things I like to see. There a nice shift in structure, moving averages flipped & price retraced into the EMA's... nova signal... so why not?

Notice how 2R hits and it instantly pulls back... interesting stuff but its still in the london open range so got to be cautious.

If price doesnt break this high then it could purge it and then reverse but we'll see

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  • #1,294
  • Jul 7, 2025 6:48am Jul 7, 2025 6:48am
There is another trade here but this is not one I like to trade and I've mentioned this before.

When price blasts off so fast and volume is instant I don't like those entries because quite often its to grab liquidity and then it'll reverse.

It did actually grab liquidity before that move after it pierced into the pullback low but we'll see.

I wouldn't have entered this but I've marked it to see what happens. It's too big of a stop and for me I would like to see price break the green line and then retest if it's going to stay bullish and the red line at the bottom if its to be bearish. This is without using the HTF.
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  • #1,295
  • Jul 7, 2025 6:58am Jul 7, 2025 6:58am
Okay so there was a definite 4R and possible 6R+ here if those entries were all taken but again, I wouldn't have taken them all with price being so close to the high.
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The last one could have hit almost 6R in 1 trade though if you were still in it.

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  • #1,296
  • Jul 7, 2025 6:59am Jul 7, 2025 6:59am
xkwisit2001
I had a question i wrote you private. If you get time, do you have a minute to check, if possible?
  • #1,297
  • Jul 7, 2025 7:03am Jul 7, 2025 7:03am
Quoting Mojoloto
xkwisit2001 I had a question i wrote you private. If you get time, do you have a minute to check, if possible?
I just replied bud! funny timing that.
You can lead a horse to water, but you can't make it drink
  • #1,298
  • Jul 7, 2025 7:39am Jul 7, 2025 7:39am
Quoting xkwisit2001
Okay so there was a definite 4R and possible 6R+ here if those entries were all taken but again, I wouldn't have taken them all with price being so close to the high. {image} The last one could have hit almost 6R in 1 trade though if you were still in it. {image}
Nova definitely works. However , you only need to avoid when price is in range as there would plenty of stop losses. If any body is aware regarding identification of consolidations or any indicator / or something else , do let me know plz.
in trendy scenario , nova generates very good results.
  • #1,299
  • Jul 7, 2025 8:19am Jul 7, 2025 8:19am
Quoting usmanlaghari
{quote} Nova definitely works. However , you only need to avoid when price is in range as there would plenty of stop losses. If any body is aware regarding identification of consolidations or any indicator / or something else , do let me know plz. in trendy scenario , nova generates very good results.
If price can't break a recent high or low then you're in a developing range.

You then start looking for the opposite side to be broken and if it can't break that either then there is no direction and again... Range.

Once you understand this you'll eliminate losses from trading inside a range.

This is why moving average flipping entries and price pulling back to them works well even inside a range but i do prefer entries after the range has been broken out of.

Even if you do enter a nova signal inside the range then at least target the high or low of the range or don't trade at all.

If you manage 20R from a trend and then lose 2R inside a range you still come out with 18R.

Losses are the cost of business in trading... Just like overheads managing a business.

Our job is to stay in as many trends as possible. It's that simple.
You can lead a horse to water, but you can't make it drink
  • #1,300
  • Jul 7, 2025 8:41am Jul 7, 2025 8:41am
So theres already at least 10R there from this trend and a possible (3rd trade could have been a 5.6R+ with same target as 2nd trade)

The last 2 entries are still waiting and they'll be break even at most!

So again, if you follow the flow with Nova... losses are meaningless
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