I trade CBA.AX all the time on the M5, its all about candle...

I trade CBA.AX all the time on the M5, its all about candle patterns ( 123's ).
Forex is no different if you master TA, whether its H4 or M5, its similar in a way but with a few different's.

On M5 or shorter, you need to think of trends as a group of candles that have established that trend. In other words, a few cycles of Higher Highs and Higher Lows.
But the best advantage of trading short time frames is that we can trade with only 5 -10 pip stop loss and don't need to worry about any news events stuffing up a good trend.

This year, I have moved half of my trading away from time based charts to candle charts that are based on X amount of trades. This is basically trading around the 30 second chart with only a 6 pip stop loss. Its all about clearer candle patterns. This pays my mortgage but its hard work and boring. Swing trading the Day chart Via the H4 is the cream in my pay packet, the more I make here, the less I toil away on M5 and lower.

Here is 1 hours work tonight on the AUDUSD for around $200. Just a method that's earns a weekly pay packet if your'e prepared to spend four hours a night working hard.
Here I was trading a 133 trades per candle chart. You can see here good candle patterns so I was placing Sell limit orders back at Supply.