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Salvaging an Unintended Position
Pattern formation at time of recognition
What pattern formation turned out to be

    It is not uncommon for pattern
    formations, signals, and indicators to
    present very positive projections, only
    to turn out exactly opposite of what the
    position is supposed to be.

    In the picture above, notice how the
    three black crows form a bearish
    pattern formation. At time of
    recognition, the only logical position to
    take is 'short'.

    Refer to the picture on the right. After
    taking a position notice how the
    market accelerated upward after
    about 5 candles. If acceleration was
    left unchecked, 'stop-loss' will be hit.

    Candlestick Pattern Recognition
    (CPR) will attempt to salvage (no
    guarantee) an errant position by
    closing the position before it hits the
    'stop-loss' level.

    In addition, in the normal course of  
    trading, CPR will attempt to stop a
    normal entry at certain points where
    the position appears determined to
    accelerate to the 'stop-loss' level. With
    this, the pain and stress of seeing a
    'stop-loss' ruining your day, is slightly
    mitigated.
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