Trading naked is what most pro traders love to do. Don’t get me wrong. Trading naked only means trading solely based on price action without the help or use of any indicator whatsoever. If you are planning to trade naked too, you can try this Price Action Formula that trades a unique three stick candlestick pattern.
Now this 3 stick candlestick pattern is not discussed anywhere else as far as we know. This 123 pattern has been discovered by Chris who has made a video course on how he trades with this unique pattern using pending orders. Chris claims that he has been successfully trading this pattern. Chris has also got developed a trade assistant software that gives an alert when this pattern develops on a chart. According to Chris, he has been successfully trading this pattern using pending orders. The best timeframe that he has found for this 123 patter is the H4 timeframe. Chris uses pending orders to place the trade. He recommends a 1:1 reward/risk ratio for the trades. According to him after a lot of testing he found that 1:1 ratio works best. Sometimes the pattern doesn’t work. Well nothing is perfect in the world of trading. Achieving a success rate above 70% coupled with tight risk and money management can results in a profitable forex system. You can try this Price Action Formula RISK FREE for 60 days.