This morning I finished back testing NVidia from 1999. I used 25k as the start up capital but that is besides the point.
The Point is that indicators are pointing out that the next long around is "around the corner". Similar to TESLA but NVidia has bigger.
When can we expect this to happen?
So on average from when the indicators start whispering that a long position might be coming up is an average of 60 days. But following simply this methodology is risky on its own as some signals are produced 15 days and some at 160 days. There is also another approach that intrigues me. A handful of the signals are almost back to back which is great for multiple entries when you measure just these the average is about 240 days. This coincides with Crypto's ETH which has given its heads up signal, which is an average 241.5 days. This all speculation at the end of the day and the signal will come when it does.
So why post this if it could be that far ahead?
I thought I would let people know that indicators are whispering.
Here are some other indicators to take note of:
The higher timeframes are a bit more clearer at the moment. The snapshot as of now indicates some sort of move downwards. This could be 96-98 region in the shorter term especially if we are expecting 60 days before a buy signal is produced.
The back testing did also reveal that no signal was produced from 2011 to about 2018. It did catch the massive moves up but the exit signal did cut the party short in a few trades.
The last signal was in October 2022 which was the Covid Rally. So it could indicate something big is coming globally but let me put my tinfoil hat down.
Stay adaptable and Open minded.
The Point is that indicators are pointing out that the next long around is "around the corner". Similar to TESLA but NVidia has bigger.
When can we expect this to happen?
So on average from when the indicators start whispering that a long position might be coming up is an average of 60 days. But following simply this methodology is risky on its own as some signals are produced 15 days and some at 160 days. There is also another approach that intrigues me. A handful of the signals are almost back to back which is great for multiple entries when you measure just these the average is about 240 days. This coincides with Crypto's ETH which has given its heads up signal, which is an average 241.5 days. This all speculation at the end of the day and the signal will come when it does.
So why post this if it could be that far ahead?
I thought I would let people know that indicators are whispering.
Here are some other indicators to take note of:
The higher timeframes are a bit more clearer at the moment. The snapshot as of now indicates some sort of move downwards. This could be 96-98 region in the shorter term especially if we are expecting 60 days before a buy signal is produced.
The back testing did also reveal that no signal was produced from 2011 to about 2018. It did catch the massive moves up but the exit signal did cut the party short in a few trades.
The last signal was in October 2022 which was the Covid Rally. So it could indicate something big is coming globally but let me put my tinfoil hat down.
Stay adaptable and Open minded.
Order cancelled
Bad news is the signal did not fully come through for NVDA. There is a good chance that it will follow the market up but I have to follow my trading rules and can not pull the trigger on this one. The Tesla Trade is on and active as of now. I will make a new idea if the signal does appear again.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.