paul cruza wrote:What is the best time frame and why?
Rather than get hung up about which timeframes are best or not, would it not make more sense to use the various timeframes in unison to better achieve the maximum possible returns from each bet that you make?
The timeframe(s) should be a key ingredient of your approach or method, with each one offering different features & benefits.
For instance, longer or higher frames can assist in identifying & adjudging key areas or zones of support & resistance or likely levels of potential price reaction going forward, enabling you to prepare your entry....whilst the shorter or smaller frames could be used to help focus on the trade execution process & initial risk criteria.
Limiting yourself to just one or perhaps two specific timeframes could prevent you from gaining maximum effectiveness & efficiency from your trading approach.