In response to your very useful question Gordon, let me tell you and everyone else exactly why I use a 20&50 moving average from different timeframes.
The best answer I guess would be because they work.
My 20 is always a key support or resistance no matter what timeframe. The 50 is really for overall direction. My 20 is the most important tool in My toolbox.

So on this 4 hr chart I have the 4hr 20&50, the daily 20&50 and the weekly 20&50.
The immediate 20&50 are in pink & sky blue, the daily in standard red and blue, then the weekly in thick crimsom and dark blue.
This can be a litle confusing to comprehend so to make matters easier I have highlighted the immediate support/resistance areas in grey, the mid daily in yellow and the longer term weekly in green.

It's quite evident that each of these dogs has it's day.

Wouldn't you agree ?

Anyway, enough for one day me thinks. I'm off for a couple of sherberts and will return bright and breezy at aroung 6-6:30 UK time tomorrow morning for my morning analysis.

Have a great evening.

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I'm now sending trading notes out twice a day with videos too. Have a look HERE.
There's one set at 6:30 UK time for London and one at 12:00 for U.S session, plus I will send a summary video after each session