R Tracking (Available vs Captured)

R tracking is the practice of recording two numbers for every trading session: R available (the total risk-to-reward from all valid entries that met your plan) and R captured (the R you actually captured from trades you took). For example, if London session had 3 valid entries with 4:1, 3:1, and 5:1 R:R, that is 12R available. If you took one trade and captured 4R, your capture rate is 33%. This metric measures execution quality over time. A low capture rate (under 30%) means you are either missing valid entries or exiting too early. A capture rate above 50% is excellent — it means you are executing more than half of your identified edge. R tracking is done as part of the end of day markup process. Each session gets its R numbers, and at the end of each week you total them up. The weekly total shows how much edge your framework produced and how much of it you captured. Over months, the capture rate should improve as your real-time pattern recognition (built through daily markups and bar replay) catches up with your hindsight analysis.