Tips from Lawrence

• Watch the ECN book for a big cross and deviation from the trend and the long/short in the direction for the trend
• 2:1 risk/reward is minimum, 3:1 ratio is optimal
• Seting a whole number out
• Once you've got a winner, use the 2:1 ratio again to set your stops depending on how far you are from your target. Ex: 20 cents to the target, set the stop 10 cents below current price
• Have an eye on your outs in the bid/offer on the montage
• If a trade goes against you and breaks resistance/support, trade in the other direction
• Watch strong volume for indication of start or end of a trend
• Watch the open book to determine your outs and indication of buying or selling pressure (how exactly for the second part??)
• It's usually a good idea to set your higher and lower stops after you initiate a position and they become your reason in and reason out.