"Educated" investors/traders - Time frames

The availability and accessibility of public financial information ranging from news, financial details to price charts reflects the market maturity. All this information are now readily available without cost to the public. 

IS THERE ANY ADVANTAGE BETWEEN MARKET PARTICIPANTS?

It is like going to school where every students are given the same textbook materials and sitting for the same examination. We will have mix results grades from distinctions to failures.

This is no different from taking the market "examination". However, the distinction between the winner and the loser will be graded on the financial status at end of the period.

Let us examine 2 major different market participants. The mid-longer term versus shorter-mid term teams. The "fund managers" mainly analyze the weekly chart for the mid-longer term trend versus the "traders" analyzing the intraday-daily chart for short-mid term trend.

There is NO magic formula which time frame is CORRECT. The individual objective(s) and the temperament of the individual.

Over the last nearly 37 years, I have operated on intra-day chart right through to monthly chart. The final conclusion is 

WHAT IS MY OBJECTIVE? DO I WANT TO REACT TO EVERY PRICE MOVEMENTS ON A DAILY BASIS or DO I WANT TO ACT ONLY ON MAJOR TREND CHANGE?      

The above choice will decide which time frame charts to use. Once this is determined, selecting the appropriate chart indicator(s) to map the price trend action. The functional roles of the indicator(s) is to help us analyze the underlying momentum not visible to naked eyes but can be calculated using indicator(s) formula map on the price chart. 

I use the indicator(s) displayed on the price chart to track the underlying momentum and changes to it. A proficient user will be able to see and read the changes will lead to TREND reversal irrespective of the news. The indicators used correctly will help the user to sieve the "fake moves or traps" before the actual reversal happen.

There will "corrections" against the directional trend in motion. There will ALWAYS be a few of them which I term them as "fakes" since there are only temporary and revert back to the earlier trend direction ultimately proceeding to the finale trend reversal. Sometimes these "fakes" are very convincing with price actions affecting confidence. BUT any experienced traders can sniff out the fakes with indicators to confirm such moves.

Remember each DIRECTIONAL trend DOES NOT move in a straight plane line. Instead it moves irregularly to the inexperienced naked eyes with different magnitude corrective traps - fakes moves. The indicators should be able to assist in this a well if one invest the time to study and analyze the behavioral changes on the indicators and price.