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Nova Volume Trading System

  • #1,681
  • Aug 6, 2025 2:19am Aug 6, 2025 2:19am
a sweep of asia low and then up....or continue down...? we will know soon, and then look for entry
Its all just one persons opinion
  • #1,682
  • Aug 6, 2025 2:50am Aug 6, 2025 2:50am
Gold M5 text book sweep but ema's wrong side for longs.....might be a messy day.

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Its all just one persons opinion
  • #1,683
  • Aug 6, 2025 3:07am Aug 6, 2025 3:07am
Quoting Easportz
What is usually a good stop lost distance for xau my broker does not have fix risk reward?
Just set your stop loss on your chart and multiply it by 2 for the take profit.
  • #1,684
  • Aug 6, 2025 3:30am Aug 6, 2025 3:30am
Quoting axecap
a sweep of asia low and then up....or continue down...? we will know soon, and then look for entry
lol.....and then why over complicate things. ignoring everything except nova on M1 this would have been a great entry.

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Its all just one persons opinion
  • #1,685
  • Aug 6, 2025 4:02am Aug 6, 2025 4:02am
Quoting EK-Trader
My version of Nova in MT5{image}
How is it like nova? At first glance doesnt match up at all. does not appear to be volume based...can you explain please?
Its all just one persons opinion
  • #1,686
  • Aug 6, 2025 4:15am Aug 6, 2025 4:15am
Quoting EK-Trader
{quote} That's right, it's not exactly like Nova, but if you compare, the signals are given a little earlier than the Nova indicator gives, yes, Nova shows volumes, but the movement on the chart starts from volumes, in my case I visually see the beginning of the movement given the structure and applying candle patterns - it works for me. It's a pity that Nova can't run on MT5, then I would use it!
So not really a version of Nova at all then ....maybe call it something else.
Its all just one persons opinion
  • #1,687
  • Aug 6, 2025 4:22am Aug 6, 2025 4:22am
Quoting axecap
{quote} So not really a version of Nova at all then ....maybe call it something else.
That's not the name of my version, it's just my approach. The Nova formulation is just for comparison. I apologize if anything is wrong.
  • #1,688
  • Aug 6, 2025 4:31am Aug 6, 2025 4:31am
Quoting EK-Trader
{quote} That's not the name of my version, it's just my approach. The Nova formulation is just for comparison. I apologize if anything is wrong.
I leave it for the OP to decide, but i was responding to you saying "My version of Nova" in your post.
That simply confuses people given the whole success of Nova is based around volume and as you acknowledge your indcator is something completely different.
Not questioning if it works for you, all power to you if it does, maybe explain what it is based on.
But as i say its the OP's prerogative as to what gets posted here.
Its all just one persons opinion
  • #1,689
  • Aug 6, 2025 4:35am Aug 6, 2025 4:35am
Quoting axecap
{quote} I leave it for the OP to decide, but i was responding to you saying "My version of Nova" in your post. That simply confuses people given the whole success of Nova is based around volume and as you acknowledge your indcator is something completely different. Not questioning if it works for you, all power to you if it does, maybe explain what it is based on. But as i say its the OP's prerogative as to what gets posted here.
I agree!
  • #1,690
  • Edited 6:42am Aug 6, 2025 5:18am | Edited 6:42am
I am going to let it slide this once, but in the nicest way possible I don't want any discussion of anything when it comes to "It's Like Nova" or "It looks very similar" etc...

I'm not a dictator and do not wish to be & we're all adults which is why I have been lenient but I have seen far too many threads die from others going down a different direction to the thread.

It's also unfair for those who are here (even in the shadows) trying to learn based on for what the thread is intended for.

This thread is for the Nova Volume Indicator and other variations are not allowed here.

It is totally fine to share charts with your own indicators IF you are using Nova to base your trade ideas off of so others can study.

I trade with Nova AND MT4 and I have no issue executing positions... MT4/5 is dinosaur when it comes to being able to analyse and mark up charts. Plus it's annoying and rigid in so many ways.

If you want the system to be profitable and you want to use Nova then you will need to adjust to Tradingview... I had to and it has a free plan so there are no excuses really.

Split screen works perfectly well for executing on Windows

That itch people get to constantly want to replicate something else to trade with just explains where unprofitability comes from... the need to deviate from something that works.

That's where system hopping comes from.

I hope everyone understands.
You can lead a horse to water, but you can't make it drink
  • #1,691
  • Aug 6, 2025 5:32am Aug 6, 2025 5:32am
Darn It... Missed entry at 78.6% Fib - I have a bullish bias today.

Was too busy typing LOL

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  • #1,692
  • Aug 6, 2025 5:51am Aug 6, 2025 5:51am
On H1 though if price decides it could head down towards fridays imbalance so just need to be careful

With gold if there is an imbalance below a pullback in bullish structure, price will usually seek to rebalance it before continuing... but I feel like tomorrow will be the day to do that with the employment claims news.

Will just play it by ear following Nova & focus on EMA flips for now.
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You can lead a horse to water, but you can't make it drink
  • #1,693
  • Aug 6, 2025 7:42am Aug 6, 2025 7:42am
What a boring london session

My mark ups below

Keeping an eye on London AM low

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You can lead a horse to water, but you can't make it drink
  • #1,694
  • Aug 6, 2025 7:47am Aug 6, 2025 7:47am
Quoting xkwisit2001
What a boring london session My mark ups below Keeping an eye on London AM low {image}
NY session hopefully will bring some move. Levels are marked. I will be looking for entries leading towards those levels after clearing current consolidation and afterwards will see price reaction to decide any further.
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  • #1,695
  • Aug 6, 2025 7:50am Aug 6, 2025 7:50am
Quoting xkwisit2001
On H1 though if price decides it could head down towards fridays imbalance so just need to be careful With gold if there is an imbalance below a pullback in bullish structure, price will usually seek to rebalance it before continuing... but I feel like tomorrow will be the day to do that with the employment claims news. Will just play it by ear following Nova & focus on EMA flips for now. {image}
I pretty much agree with you. We need to see how the price reaches yesterday’s low (if it does). The way I see it, if we get a close below that level, then we would have acceptance, and even the long-term structure — what I call the “macro” — would turn bearish. In that scenario, it wouldn’t be impossible to see the price return to Friday’s levels before the NFP news.
  • #1,696
  • Aug 6, 2025 8:56am Aug 6, 2025 8:56am
Finally!

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You can lead a horse to water, but you can't make it drink
  • #1,697
  • Aug 6, 2025 9:03am Aug 6, 2025 9:03am
This is what I mean by the classic bullish move on gold.

EMA's flip after a bullish move up leaving the imbalance poi or FVG as some call it.

Wait for price to do its thing and then wait for it to break below the first small pullback above the imbalance.

Let price do its thing again and trap retail traders.

Then allow Nova to do it's job... first entry on the open of the 3rd nova histogram bar after the background changes colour.

BAM 2:1! or you can target the London AM session high @4R or previous day high @10R depending on your appetite.

This is all you need to do each day... 1 trade per day and you're good.
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  • #1,698
  • Aug 6, 2025 9:23am Aug 6, 2025 9:23am
Again, same thing.

Set to BE and chill

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You can lead a horse to water, but you can't make it drink
  • #1,699
  • Aug 6, 2025 9:23am Aug 6, 2025 9:23am
Im in
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  • #1,700
  • Aug 6, 2025 9:27am Aug 6, 2025 9:27am
Quoting sanity
Im in {image}
Great!

The first move is usually the best one to hold to the next POI which would be london am high but these are valid nova signals.
You can lead a horse to water, but you can't make it drink
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