El Saiid, Mohamed

Mohamed is currently an Executive Director and Head of the Technical Analysis department for HC Brokerage (HCB), Cairo, Egypt. He started his career working for Momentum Wavers, Ltd., a Middle East Technical Analysis firm (2001-2004). He joined HCB as an associate/lead technical analyst (2004-2006). Later he joined Unifund, a Geneva-based global private fund (2006-2007) as a Chief Technical Strategist/Co-Fund Manager to the Middle East investments.

Mohamed holds an MBA in Finance and is currently the Chairman and a TA instructor in the Egyptian Society for Technical Analysts (ESTA), as well as an Education Sub-Committee Member in IFTA. Mohamed authored several TA-related articles and developed several indicators including the Volatility-Based Envelopes (VBE), the Implied Volatility Projection Range (IVPR) and Relative Performance Candlestick Charts (RPCC).

The derivatives market has grown significantly over the past decade, offering portfolio managers strategies to insure their portfolios against unforeseeable risks. This ultimately led to a stronger relationship between the underlying asset classes against their own volatilities as per implied by the derivatives market. With, the Chicago Board of Options Exchange (CBOE) offering over 25 volatility indices to measure the market expectations of volatility, they are widely accepted as barometers gauging investor sentiment-shifts. The Implied Volatility Projection Range (IVPR) extends the statistical and visual capability of the CBOE?s volatility indices over their underlying assets in such a way so as to allow us to re-interpret the assets? price action from an implied volatility standpoint.

In recent years, more and more emphasis is being placed on volatility analysis. With every asset class and security exhibiting their own unique volatility signature, it is becoming crucial to integrate the underlying assets? volatility mark into the construction of a technical indicator. The Volatility-Based Envelope (VBE) offers the ability to incorporate each security?s volatility mark and transform it into dynamic trading envelops that respond exclusively to the security?s volatility mark in such a way so as to contain price action regardless of the existing trend. Through combining time cycle analysis and security-volatility signatures, the VBE identifies overextended price occurrences and pinpoints potential cycle troughs and crests.