Quote from solotrade:
Perhaps not many people agree with me that stop and target are measurable. I solely use candlestick to trade ES. In my way of projecting price behavior, stop and target are not constant, but directly proportional to the size of ( preceding ) candlestick(s).
The stop and target are true over 90% of the time, unless the 'signal' is faulty as it does not actually herald a repetitive price behavior.
Do your homework.
