I think it's still up for debate -- whether or not tick-level analysis is even a worthy endeavor. That may sound contrary to the typical trading buzz... but you have to consider the tradeoffs.

More trades is usually desirable because it (can potentially) lead to more wins. But there are tradeoffs in processing, quality of patterns vs noise, and execution constraints. I'm not convinced that it's a good game to try to play if you aren't a bank, for example.

If you could make the same rate of profit with a slower look at the market information, then it's easier. Easier to analyze, better quality patterns and easier to execute.

Small fry traders also have an advantage over banks and large institutional players in that we can move much more swiftly, usually even under-the-radar.