Sameh Selim
بسم الله الرحمن الرحيم
I am a 3-years part-time trader.
Fundamentally, I apply Wyckoff trading methodology with modern tools.
Volume spread analysis for Tom Williams, price action, and Renko charts are my ground base of approaching the markets.
I am still in paper trading, however I expect to publish my profitable-educational-free signal by the end of 2017 after completing at least more than 500 trades.
Trading is not easy, but it's not complex.
Practice will polish your skills.
Slight Edge (Turning Simple Disciplines Into Massive Success) is the way to flourish.
I am a 3-years part-time trader.
Fundamentally, I apply Wyckoff trading methodology with modern tools.
Volume spread analysis for Tom Williams, price action, and Renko charts are my ground base of approaching the markets.
I am still in paper trading, however I expect to publish my profitable-educational-free signal by the end of 2017 after completing at least more than 500 trades.
Trading is not easy, but it's not complex.
Practice will polish your skills.
Slight Edge (Turning Simple Disciplines Into Massive Success) is the way to flourish.
Sameh Selim
EURUSD finally broke below 1.2350 and is now pulling up to 1.2350 to continue the the down move!
Sameh Selim
Largest intraday point drop of DOW in history!
https://www.cnbc.com/2018/02/05/why-the-stock-market-plunged-today.html
https://www.cnbc.com/2018/02/05/why-the-stock-market-plunged-today.html
Sameh Selim
The news is the good opportunity for smart money to offload and reset the value of the instruments that is overbought!
DE30/DAX drops to August 2017 level yesterday or lose more than 800 points in one day!!
UK100/FTSE drops as well, the FRA40 were all overbought and collapsed after the ECB/Draghi talk yesterday!
DE30/DAX drops to August 2017 level yesterday or lose more than 800 points in one day!!
UK100/FTSE drops as well, the FRA40 were all overbought and collapsed after the ECB/Draghi talk yesterday!
Sameh Selim
2018.02.06
Do not think so. The end of 2017 was quite strange with all indices and the US stocks were in a very strong bull market. Time for correction!
Sameh Selim
Major trend change for CAD and EUR.
CAD goes up against most of the currencies.
EUR is going down!
CAD goes up against most of the currencies.
EUR is going down!
Sameh Selim
Today, the future/direction of the GBP will be determined (after the BoE talks 11:00 GMT)
Sameh Selim
EUR is heading up today!
Down Trend Stop signs.
Accumulation is ongoing.
Markup will possibly start after the ECB speech 09:00 GMT.
Down Trend Stop signs.
Accumulation is ongoing.
Markup will possibly start after the ECB speech 09:00 GMT.
Sameh Selim
GBPUSD is trading in the range 1.3070 - 1.3300 for two months!
It's now in the support area of 1.3070!
If it drops below this support level, it will not find any support up to 1.2940!
No recommendation to Buy or Sell, just Wait and Watch!
Very short term is Bullish (will be supported) but not yet confirmed.
Long Term, Bearish!
It's now in the support area of 1.3070!
If it drops below this support level, it will not find any support up to 1.2940!
No recommendation to Buy or Sell, just Wait and Watch!
Very short term is Bullish (will be supported) but not yet confirmed.
Long Term, Bearish!
Sameh Selim
Consolidation is either for distribution or accumulation!
German bank holiday with big market makers off today.
I expect some mark up/down in the upcoming US session.
German bank holiday with big market makers off today.
I expect some mark up/down in the upcoming US session.
Sameh Selim
Strong Bearish signal for next week starting 18.Sep (H4 TimeFrame):
AUDUSD
AUDNZD
USDCHF
EURUSD
AUDUSD
AUDNZD
USDCHF
EURUSD
Sameh Selim
China is accumulating Gold!
China has created an oil benchmark based on gold, effectively cutting out the U.S. dollar.
Expect higher Gold prices!
Do not short Gold and pick the falling knives!
https://seekingalpha.com/article/4104448-chinas-new-gold-backed-oil-futures-contract-cuts-u-s-dollar
https://dailyreckoning.com/u-s-helping-china-accumulate-gold/
China has created an oil benchmark based on gold, effectively cutting out the U.S. dollar.
Expect higher Gold prices!
Do not short Gold and pick the falling knives!
https://seekingalpha.com/article/4104448-chinas-new-gold-backed-oil-futures-contract-cuts-u-s-dollar
https://dailyreckoning.com/u-s-helping-china-accumulate-gold/