Trading the short term timeframes is incredibly difficult if for no other reason you have to make split second decisions. If you have the experience, knowledge, trading edge, appropriate trading mindset (psychology) and can remain in your trading zone throughout then it is certainly possible to make money.
Your best bet for background reading and research should be to focus on articles and books from successful pit traders.
One of the more intriguing scalping approach on very short time frames is called rainbow trading. Information on it can easily be found on the Oanda and Forex Factory forums, although most discussion now takes place on the Cyrox forums. Rainbow traders often trade from the 1 second chart!
I demo traded the approach for over a month and came to the conclusion that it didn't fit my lifestyle or personality, although it was a very educational experience which I wrote about on my blog in September.
Like any form of trading it takes hard work, patience, perseverance and knowing yourself.
ForexSpirit - my journey of consistent, profitable trading