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“Which is the best timeframe?” is maybe the most common question I get every day and I want to address it finally and hope to provide some tips on how to approach the timeframe choice.
What two choose between?
Typically, traders choose between the higher timeframes (1H+) and the lower timeframes (<1H) when picking their timeframe(s).
It is very important to understand the differences between the individual timeframes so that you can pick the ones that work well for your personality type and complement your strengths.
Why choosing a timeframe?
You do not want to be all over the place and focusing on a certain set of timeframes usually makes for a more consistent trading approach.
Many traders make the mistake of continuously dropping to lower timeframes during their trading. Often I see that a trader says he trades the higher timeframes but then I see him lurking around the 15min or even 5minute timeframe because he wants to “finetune” his trades.
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