Potential Short Setup

FX:GBPCHF   British Pound / Swiss Franc
187 10 3
Potential Short Setup
The Maximiser Strategy
is it still valid????
baraq.adnan ashif030
still valid for me.
ashif030 baraq.adnan
ok......thank you for quick reply......
Hey baraq, I looked at your maximiser strategy and you explained it really well. I just have a question about the strategy. So, could you please let me know if you are ok, with me asking question, here on trading view website? Thanks!!
baraq.adnan moneymaking
any time, if this is specific, not related to this trade the you PM me
moneymaking baraq.adnan
No actually I was going take this trade as an example in my question. So, currently we know that the GDP growth rate of US is 5 and Japan has the lowest GDP growth rate of -0.5. So, if we are looking at the pair above, GBPCHF, and we know the GDP of UK is 0.7 while GDP of Switzerland is 0.6 and that the interest rate of UK is much higher. So, do we apply the maximiser strategy the same way, strong vs. weak. Can we take GBP as out base currency and say that since both GDP and the interest rate of UK is stronger than Switzerland's, so we would buy GBPCHF?

Please correct me if I have made any mistake.
baraq.adnan moneymaking
very classic question. i what we are viewing in this setup iis weekly consolidation. which is forming a pattern. having fundamental bias doesn';t mean currencies will not retrace or consolidate. fundamental is long term, trade in fundamental direction with right level will pay off more as compare to retrenchments. that why i put the limit before 1.50 cause i know it will reverse up.

two approaches to trade - you wait for pattern to complete and then take trade towards fundamental bias (conformational approach) or you ride within the pattern (aggressive but one must know what he/she is doing)
Also this is higher time frame analysis (consolidation on weekly chart). hope this clarify the concept ? GBP stronger than CHF (interest + GDP) so potential buy.
moneymaking baraq.adnan
Awesome, thank you for the great explanation. I really appreciate it.
baraq.adnan moneymaking
Please do share that video with other traders. i am sure it will help them also.
moneymaking baraq.adnan
I certainly will. I didn't really knew how to trade with fundamental approach. But I think, the strategy you provided is a good place to start from. Thanks once again for sharing your strategy!!
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