What 12 hours?? From what I can see, it would be more like 3 hours.
For better illustration, consider the chart below. First, let's recall where you got in and out. That happened on the very first candle. That said, had you waited 2-3 hours, you would have been reward pretty nicely.
At the outset, your risk:reward for this setup would be almost 5:3. However, after the first candle, you could easily trail your stop accordingly. Hence you reduce your risk even further.
Of course, this doesn't discount the fact that it could have reversed on you on the second candle and you got stopped out. But the reward clearly outweighed the risk, considering that it was a thinly traded market and it gapped up and headed higher.
Just my 2-cents.
I hear ya, just as when I get jock itch, I swear the market tanks by at least 1%.