Forex Tips : Understand the Time Frame

M30 time frame is the most appropriate to see what would happen for the news due to the mostly news is announced at the interval of 30 min. News located at http://www.forexfactory.com
 

The larger the timeframe, the more useful of the indicator.
No one will chose different timeframe if there are no indicators.

There is one weakness for the timeframe and indicators, which is if a currency pair of higher spread more than 20 pips such as GBP/CAD, GOLD, the smaller timeframe equipped with any indicator surely not suitable at all, because you have to project the next 40 pips in order to win risk (1:1) reward.

A higher time frame such H4, news does not really impact your trade.
 


You may close your trade :
 

M1 - within seconds / minutes
 

M15 - within hours

M30 - within hours

H1 - within hours

H4 - within hours / one day

D1 - a few days / a week
 

W1 -  a week / few weeks
 

 Being a day trader, they would probably at M1, M15, M30, H1 and H4.

Anything that above H1, news does not really impact on your trade.