I use different time-frames to analyze my Trades.
First I look at a Monthly chart .. then a Daily .. then an Intraday.
I definitely Trade in the direction of the Daily chart . . .
using the Intraday chart to time my Trades .. which is why I waited all day before my PUT Buying.
I get extra excited if the Monthly chart is trending right as well.
I use the Monthly and a Weekly more heavily if it is a stock I am considering Holding for more than a week or three.
For NFLX, I see a Weekly chart wanting to fall .. to retrace some of the recent quick gains. (look at early 2012)
The Monthly and Daily bare me out on this idea as well.
So I used today's Intraday signals to Open a Down position .. in options, so not a long Hold .. maybe the rest of this week at most .. for now.
My charts, of course, have indicators on them that I have grown to know quite well.
Them and I are in sync .. from the many years we have been together.
It is important to have a good relationship with your charts . .
good communication with them is of utmost important in that relationship.
Be a good listener.
That's my story and I'm sticking by it!