I see your point but there is a reason why we should consider the M5 Chart. Its better if I include a chart.
I consider the M5 as a block of candles that shows a trend. That may be around 1 hours worth of M5 candles that forms higher highs and higher lows. Have a look at the USDCAD over the past two days. I just enter on a pullback to 20EMA and just stray in trade till trend becomes invalid.
I got about 1/3 of that trend and closed the trade on that pull back into red near the top for around 60 pips at 5.30pm.
There is very little risk - maybe 15 pips.
