Day Trading the Dow Jones

BTW, the only reason I was able to short the Dow where I did was because I got back from work earlier than usual. I switched on my computer to see my short had been stopped out @ BE by that big overnight push-up, but immediately saw what looked to me like another short opportunity, so very lucky there.
 
What I was seeing, and what the guy who castigated me earlier for shorting a bull market was obviously not seeing, was this diversion pattern going on. I watched a very good video on youtube recently explaining how to use MACD divergence, and from what I can see so far, it seems to be a pretty powerful tool.
 

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One of the main moving averages I am using is the 100 simple, and I have this sitting right on top of today's S3 pivot @ 506. It was where I had moved my TP to before I exited the trade manually. See what happens now that it's been hit?
 
One thing I noticed very quickly looking at my charts was how correlative each time frame was, meaning that whether I am looking at daily, hourly, 15m, 1 minute or 30-second chart, the price action is identical to the point that, if I did not know the time frame, it would be very difficult to know which was which. This got me thinking. Many times I have read that the very small time frames cannot be traded because the price action is just impossible to read, but logically thinking, why should this be so? Surely, for someone with limited time and funds such as myself, trading the smaller time frames would offer a far greater frequency of trade opportunities, plus a much smaller stop loss requirement. In short, why spend all day looking at an hour chart when you can watch a minute chart and trade all of the smaller moves within the bigger moves.

I would love to hear from anyone who successfully trades very small time frames, because for me this would be ideal. I am currently studying a 15-second chart, next to a 1 minute and 5 minute one to see whether the smaller moves most traders it seems view as noise, can be traded.

Any insight from anyone into this would be greatly appreciated.
 
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