Technical Analysis 101

[4Godnwv]

I do - use both, usually for entry and exit - I swing trade, so I am thinking in days rather than hours, but the use of 3 day (or 5day) 5min chart or a 1 day 1 minute is often helpful in squeezing out that last % point -

Gotta play with the indicator periods to find what suits ya, but one IMPORTANT thing to remember is that when you change the chart time frame you are changing the indicator time frame as well!

Lot's of folk miss the fact that on a daily chart the MA's are 100dma / 50dma / 10 dma etc - DAYS

On a weekly chart they are 100wma (weeks) - On a 1minute chart the 60MA is 60 minutes!

Undestanding that helps in establishing the periods for MACD, RSI etc as well. If I am working intraday, I set things to relate to timeperiods of 15 minutes, 30 minutes etc.

btw - In a related issue - some chartists use the 22dma on the daily because there are normally 22 trading days in a month -

This all may be useless info to most, but perhaps will help some.
4God