While you may be successful trading the super-short intraday time frame, you are vulnerable to making costly mistakes if you do not have the big-picture context in which to judge a move. Trading is nerve-wracking even when you know you will be exiting the trade very quickly; the potential for getting stopped out with a loss is high.

Instead of spending more time refining chart indicators, consider that the first "indicator" — the news that causes the price to make a decisive move — isn’t on the chart at all. Many traders don’t have the time or the inclination to follow the news, but this is often the easiest way to see a setup coming. After all, indicators were devised to measure market sentiment, but usually you can go directly to market sentiment itself. Then, if the chart confirms what the fundamentals are saying, your trade has an added chance of being right.