Since we are discussing trading approaches in a 5 pip market, it may sound silly to some, it surely does to me, I kid you not I went on a run years ago trading macd on a 1 minute chart, taking 3 to 5 pips a trade, 10 to 15 times a day with accuracy. Thought I was Joe Montana. And then………the inevitable 30 point market pounce against me. Important to have a sense of the bigger picture. It caused me to trade with no indicators for quite some time.