Good to see you still around. 90 percent of my trades are 15 pip sl or less. As I grow in "space" if you will I am more liberal with my emergency sl. BUT, once in a trade, if my price action tells me reversal, I close the trade no matter what. Its not worth wishing for it to come back. Had that candle your referencing had closed anywhere down below the zline, I woulld have been outta there. Hope that answers your question. I dont pay attention to R:R anymore, I look at s/d and take what I can get. I may have 3-4 small losers...like 3-6 pips each..then when I hit my trade, usually pull in 20-40 which covers all the losses plus some. I have been starting small with lots now and working on a stacking technique a friend of mine showed me. Basics are stacking on lot sizes every 5 pips when I get the run. So in short my sl's vary but they are for emergencies and based on how much space i have. I dont let my trades run to my stops unless im not watching. Zlines tell me when im wrong.
Then I get out.
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"