SPDR S&P 500 (SPY)

[risk on]

That actually sounds pretty damn cool. I use the 4 sort of that way ( when I have time to sit down and trade ). For example if I see the 5 giving a signal off the 9 EMA or 27 EMA , I then look at the 15 to see where the candle is , below or above a S or R ( 9 EMA / 27 EMA ) to verify . Same for each fractal up .

For example I saw a sell signal this AM , looked over and had to go all the way to daily for confirm , and the daily candle had bumped its head on the 9 EMA , and that said " move ", I did and the signal was right.

But since I mainly only trade on bigger fractals , all the smaller fractals are good for entertainment : education.

You are correct on small fractals , a person can drive them self nuts trying to use the 2 or 5 for decisions , without having deference of bigger fractals