Risk:Reward is the Holy Grail. This isn't a new concept, just one that I'm finally coming to terms with; I mean really coming to terms with. I put on some terrible counter-trend short trades this morning in the mid 860s (completely overlooked the possibility of a gap-fill; also broke my rule of staying out of shorts above mid-point unless price was over extended; my bad). But I'm using a 1:2 Risk to Reward ratio on all of my trades, and that's the only reason I ended the day with a profit; albeit a small one. The ES/TICK chart produced some great setups today that were good for 4+ points a pop.
Gap Filled by 10:00 AM (central)
ES Market Balance (5-min Continuous Contract)
ES Market Balance (5-min Day Session Only)
TF Market Balance (5-min Day Session Only)