Significance of weekly/monthly charts?

normally i operate based on trend positions. s1, s2, previous closing, current opening, r1,r2. I found the first one hour either the graph zooms up and comes down or declines and rises. around 12.30 or so the real trend starts. by1.45 the picture becomes clear. definitely by 2.50pm you can see what is going to happen. either r2 is crossed or s2 is over. this is the time to make quick money. for example yesterday (16th nov) around 2.50pm i noticed hsbc moving up and up and up. around 3.20 fell a little bit.

This is all the stuff I have got if it is useful to anyone(Some of it maybe repititive):-

When deciding on a trade or investment, be it short, intermediate or long term, multiple time frame analysis can help clear the noise and offer a balanced view. Multiple time frame analysis!?! It sounds complicated and fancy, but it simply refers to the same chart with more than one time compression (e.g. daily or weekly). When both the weekly and the daily charts are in harmony, the chances of success can be greatly enhanced.
The essence of the strategy is easy: Use the higher time frame price activity to define the tradable trend as well as potential support and resistance levels.
Markets exist in several time frames simultaneously. They exist on a 10 minute chart, an hourly chart, a daily chart, a weekly chart, and any other chart. Traders often feel confused when they look at charts in different time frames and they see the markets going in several directions at once.
The market may look for a buy on a daily chart and a sell on the weekly chart, and vice versa. The signals in different time frames of the same market often contradict one another. Which of them will you follow? Most traders pick one time frame and close their eyes to others – until a sudden move outside of “their” time frame hits them.
Daily charts are great, but participants can get caught up in the move of the moment. Even though daily charts can contain random movements, they do have their strengths. Once an underlying trend is identified, daily charts can be useful to pick entry and exit points. On the other hand, weekly charts filter out the random movements and can help identify the stronger under currents that are driving the price.
The same idea applies if you are trading any security on a daily basis, in which case, the weekly bars will be the basis for the trend as well as the important support and resistance points. That is the foundation of multiple time frame trading. Besides the effectiveness of using a method based on a multiple time frame approach, another advantage is the method need not be complicated. A trader can make his or her method as simple or as complicated as desired. For me, though, the simpler the application, the better the results.
The proper way to analyze any market is to analyze it in at least two or three time frames. If you analyze daily charts, you must first examine the weekly charts and so on. This search for greater perspective is one of the key principles of the Traders Edge Trading System.
Look at the daily chart of HFCL below. What does it tell you. Most traders would say that it is just the beginning of another uptrend. Well, most traders are not successful! To be successful in trading any market, one has to first examine the trend on a higher time frame.

You can read the entire article with chart examples on or website at http://www.tradersedgeindia.com/multiple_time_frame.htm

Those of you who may be interested in reading about trends in different time frames can visit http://www.tradersedgeindia.com/tren...our_friend.htm

Sorry about this. The stuff I have is a cocktail from here and there. Tradersedge is ofcourse the best Indian website.