P/L: -96$ Made a really bad mistake and didn't take a trade when a proper setup was present. There was a chance to short 2985 at about 8:15GMT. I have hesitated and missed the opportunity.
I don't think that 5 min is more volatile than 1hour timeframe.I would just adjust my stop and target appropriately. Unfortunately trading the bigger timeframe would produce much less opportunities during the day.
I am using fixed stop and targets only. Normally it's at least 1:2 risk to reward depending on the setup I have tried to use targets based on the market behaviour and most of the time mismanaged the trade.