Micro trading is not for everyone, many very successful traders require more information to be wrong. depends on the choice of charts a person chooses to watch. trading off the 60 or thirty requires way more wiggle room. but yes clarity would be nice.
I'm not sure if price going over 10 ES points against you is called micro trading, but yes, higher time frames usually make traders use larger stops.
I guess it all depends on what type of trader you are. If you trade S&R, it doesn't matter if you're looking at an hourly or a 1 minute chart as the level will be at the exact same place, and if broken or defended, it will all look the same. But if you're trading an hourly chart and waiting for a retracement, then what can be obvious on the 1 minute chart is lost on the hourly chart. On the flip side, if you make an entry based on something you see on the hourly chart, it might start looking pretty ugly on the 1 minute, even though on the hourly chart it still looks fine, and hence the need for the larger stops.
I'm more "intuitive" for want of better word don't trade strictly off classic S&R, indicators etc although I do try to take this into account.
8 days down, what we going to make it nine? From here?? How many days down on the tail of a multiyear BULL (2008)do you expect?? these are the questions I ask myself, then I draw my fibs. 1965 = 38.2
When you look at the daily candle, its already a very nice up day! The overnight move was huge. But if we end here, at this level, even though its an up day, your position is severely down. So even saying that it has to be an up day today after 8 down days doesn't work for you because it already is an up day.