100%, there is a lot of information in just 1 or 2 daily candles. Since paying more attention to inside bar strategies, such as the Harami Inside Bar Breakout strategy John has laid out on his website, I now scan my charts for daily bars with very little momentum, and wait for a breakout in either direction. There is almost guaranteed to be one. Apply that concept with any strategy and your chances of making some money are increased.
@Amarsaleem, sorry for taking this thread a bit off topic.