How do you find best time frame to trade? clues here

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Gents,
Often you hear select the time frame that suits your trading style.
This is pretty vague.

Now let us get specific.

1. Fix your plan.say
you want to day trade,
you want to trade 5 min time frame,
your entry,exit,stoploss rules are set,
then
your maximum risk and position size is to be fixed first
Say you plan to trade with total capital of 2 lakhs rupees,
Select 5% of capital as position size, ie just use 10000 rupees for each trade you take=This is position sizing
Maximum risk= say fix at 5% to begin, 2% is safest but difficult to use till you become perfect with practice.
5% max loss means 500 rupees loss per trade
2.part 2
Now take a chart in past in 5 minutes time frame
check for 20 entries and exits as per your plan, what is max loss you might have made if you traded?
Say the result shows 700 rupees is max loss you may incur,
This means the 5 minute time frame you selected does not fit your risk profile.

Now select 10 minute time frame
take chart
apply your testing
now if you find the maximum risk is 400 rupees, then this is your time frame
this fits your plan
test it again
Do paper trading for a week
NOTE DOWN YOUR RESULTS
If things match your requirements, then use it.
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Refer
http://getresponse.com/t/10046458/602819/184507769/
(www.TopDogTrading.com)
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Tip
Using a trading plan and time frame that is not tested,re tested, not tested by paper trading,not confirmed by test-investigation, is like jumping in a deep well without knowing its depth, and without knowing if there are rocks or water in it.
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PS; If you like it,appreciate it, pleaselet me know at
ramesh151@gmail.com