The "Six Blind Men and the ...?" reminds me of the limitations of single timeframe analysis. Each of the men touched one part of an object that thay had discovered in hopes of determining what it was. Here's how they each described what they had found:
The first blind man insisted it was some type of spear. It was sharp, hard, coarse, and sturdy.
The second blind man concluded it was some type of rope or whip.
The third blind man thought it was some type of a wall, since it had a rough texture and was very firm.
The fourth blind man decided that they had found some type of an animal, probably a large snake, since it was long, easy to bend, and had a strange texture.
The fifth blind man thought that they had found some type of plant. It felt like a large leaf because of its texture and size.
The sixth blind man was convinced that they had found a log or branch of a tree, since he had already heard from one of the other men that the object felt like a leaf.
They were all wrong. They had each only touched a small part of an .....? and formed incorrect conclusions based on their limited observations. The FOREX market is no different. If this had been a trade, it would have been a losing one! While an analysis of each individual time-frame is still important, it is no longer sufficient because it fails to take into consideration the whole picture.