[cowpip]

Amen to that, Milliard.

It's suicidal not to pay very close attention to the larger time-frames. Sentiment and momentum don't switch on a dime. The daily, 4-hourly and hourly frames (in order of importance, imo) are the "truth-tellers." I really prefer the 4-hour time-frame. It seems to be the best in terms of determining market sentiment and providing relatively tight entries (of course, zooming in to the hourly and sub-hourly as needed to secure the best possible entry).