When working with a charting software or web based data feed, it is important to know what timeframes are the best to work with. Depending on your trading strategy, different timeframes offers different results. For example, if you specialize on turbo trades, you’ll want to concentrate on 1 minute and 5 minute charts, anything higher will be defective to your strategy. Likewise, using 1minute chart for hourly expiries is also dangerous. You’ll need to find a balance between the timeframes and your desired expiries.

A good clue into knowing what chart timeframe will work best for you is by testing and comparing the results. This might be time consuming but it’s worth it. To make the process easier, you just need to be open minded and ready to accept the facts about your strategy and the best timeframe they seem to work on. All this, keeping in mind your targeted expiries.