The following YouTube video gives an important lesson on how we use risk reward to improve our trade selection. For this tactic we are using the 50% retracement level of the previous counter-trend move to gauge our R:R ratio. The video serves as a lesson for our current and past students, so there are references to proprietary tactics.
Using Risk:Reward to Improve Your Trade Selection: http://www.youtube.com/watch?v=ON5xJnHDAnA
Keep in mind trading is a risky endeavor and not suitable for all investors.