let me go ahead and put it out there, risk/reward ratios are a fallacy. yes? no? since i'm new around here I probably should say I've been trading futures over a period of almost 20 years. i've made and lost my fair share. so I am not a newbie. many say don't take a trade with less than 3:1 and certainly not less than 2:1. whatever...pick your own numbers. now, a basic tenet for any trader should be "anything can happen" (and it usually does, lol). if that's the case how can one realistically measure risk/reward? as a day trader, the way i've been doing it is with support/resistance and fib levels. but again, anything can happen and usually does. so, I often think i'm kidding myself when measuring risk/reward. in other words, we can know what we are willing to risk, but there is no way to really know what the potential reward is since ANYTHING CAN HAPPEN. what say u?