The best time frame or chart for intraday trading will depend on your individual trading strategy and preferences. Some common time frames used in intraday trading include:
1. 1-minute chart:
This time frame is best for scalping, a strategy that involves taking advantage of small price movements in a very short period of time.
2. 5-minute chart:
This time frame is used by traders who focus on short-term price movements and look for quick profits.
3. 15-minute chart:
This time frame is used by traders who focus on short-term price movements but also want to see a little more context than what is provided by a 5-minute chart.
4. 30-minute chart:
This time frame is used by traders who focus on short-term price movements but also want to see a little more context than what is provided by a 15-minute chart.
5. 60-minute chart:
This time frame is used by traders who focus on short-term price movements but also want to see a little more context than what is provided by a 30-minute chart.
Ultimately, the best time frame for intraday trading will depend on your personal preferences and trading style. Some traders may find that a 1-minute chart is too fast-paced and prefer a longer time frame like a 15-minute or 30-minute chart, while others may find that a 60-minute chart is too slow and prefer a shorter time frame like a 1-minute or 5-minute chart. It’s important to experiment with different time frames and find the one that works best for you.