CRMHi Traders,
I'd like to introduce the System T, a computerized system that analyzed and back-tested the 20 years history data of over 100 markets.
This post is my sharing of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.)
System T performances result in the bottom will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
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System T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk Reward 2:1, 20 Years of Backtesting Data.
* Click Like and Follow to Support My Work!
DISCLAIMER:
I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument.
My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only.
Do your own due diligence, and take 100% responsibility for your financial decisions.
Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
- Content is for education purposes only, not investment advice.
- Trading involves a high degree of risk.
- We’re not investment or trading advisers.
- Nothing we say is a recommendation to buy or sell anything.
- There are no guarantees or certainties in trading.
- Many traders lose money. Don’t trade with money you can’t afford to lose.
FOO trade ideas
CRM to bounce off from supportI identified an opportunity in the slowly falling channel. The candle is currently located near support, and has a high chance to bounce. The market started off pretty good as bull dominates the market. I entered into the position to test the idea. The RSI is a bit higher compare to previous candle located at support. #realtrade
Option Traders bet big on Salesforce.The cloud stocks have all fallen out of favour as a result of what is considered high valuations, there has been a obvious rotation inot value rather than growth, CRM has been hit like all others. Despite this todays action in the options markets are extremely bullish with enormous call options traded with a $170 strike price.
Technically the chart is hitting heavy resistance, with convergence of Fib and downtrend resistance.
Indicators are bullish but a high volume trading session is needed to break the aforementioned resistance level.
Good R/R trade entry level $157.50 Target price $170
Average price target $187 Very achievable by year end, if the cloud stocks get their mojo back.
P/e ratio 128 - Very high but historically it has been forgiven
Company profile
Salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.
Potential for a $20 channelLong-term ascending triangle pattern formed. Fundamentally strong after recent quarter. Longer term, definitely a buy. Shorter term, I'd be looking to trade an upswing with an entry at $150, stop at $140, pull off half at $160 for the $10 channel, and pull out the rest at $167-170 for the $17-20 channel.
$CRM SALESFORCE BULLISH INTO EARNINGS.======NEAR-TERM TARGET $165=====.
BREAKOUT LEVEL $168
BREAKOUT PRICE TARGET $185
Salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.
Bargain hunters will pick up Salesforce quickly.In the course of the last week, software, hardware and cloud stocks have taken a considerable hit, selling off at a much higher level to the market. Salesforce has now dropped 15% in 1 week, which may be very appealing to those who had previously missed out.
It does carry a lofty P/E ratio of 98 but is still on a very aggressive growth path, when the market turns CRM will just keep going higher.
AVERAGE ANALYSTS PRICE TARGET $183
AVERAGE ANALYSTS RECOMMENDATION buy
P/E RATIO 98
SHORT INTEREST 3%
COMPANY PROFILE
salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.
$CRM SHORT TARGETING 138 IF BOUNCE 152 WILL BE GOOD ENTRYCRM fell hardly from resistances level at 165 now targeting 138 or at least the previous bottom at 142 . its possible to bounce to cover position up to 150-152 then fall again to break bottom 142 .. 138-130 considered as main support for long positions
$CRM SHORT Targeting support above 152 MFI index showing overbought status and could turn down sharply as happened before many times .. in larger scale we are on the second shoulder and below resistance of 162
154 is good support if broken then 152-151 if break down recent bottom at 142 then 125 is the target . For uptrend 162 -168 is most strong resistance .. earning is in august
Longest wave 4 evar...Clear triple three here.... There's a chance wave C of the last triangle isn't done yet but this looks primed for a long overdue breakout assuming the Fed doesn't crap the bed this week.
PT is about 178 which is the length of wave 1 from Y and also the PRZ of the butterfly shown.