How I set the bias
it was gapping on the daily over previous pivot point - expect some stops to be trigered by the short sellers
sideways consolidation in the premarket
after a premarket hammer on 5-min and 15-min chart
high premarket volume (over 1M at 9:00 AM)
Entry rules
I like to play ORBs that deny the 50SMA @5-min chart together with 200SMA denial @1-min chart. Then take the break of the previous denial candle and set the stop for the low of that candle.
Trade management
I got a bit of slippage on the entry, or I was a bit late so I was looking for a way to add-up into the trade after it bounced from the 9EMA on 1-min chart which happened to be also R3 camarila pivot point so that was the perfect spot to add.
I target 3R on ORBs while moving stop to 1R at 2R move, but when I add up to the trade, I aim for higher target while moving stop 1R higher after each R move. 3R move - stop to 2R. In this case I was stopped at 2R, still this was everything as per plan, therefore it belongs to my trade of the week section.
There is another trade on the chart as looked for a new entry for trend continuation play which I mismanaged with early exit, never reaching my stop and reaching my target and above, later on.