Disliked{quote} In basic terms, the price makes smooth and big swings on high timeframes, and choppy consolidated moves on low TF.Ignored
Just by looking at any chart, one can't tell if it is a 1m chart or 10m or hourly or daily. To a large extent, the choice of timeframe depends upon how much time the trader is willing to sit in front of the computer watching active or potential trades, and how quickly he thinks he is able to analyse the market to correctly assess the possible direction the price is going to take over the next few candles.
Smaller timeframes, of course, give more frequent opportunities to enter the market, and consequently possibly (hopefully) higher output in number of pips gained. But for someone not fast enough in his or her market analysis, or for someone not willing to sit glued to the screen, higher timeframes might be preferable.
I use multiple timeframes for analyzing the market I am trading. Larger timeframes for the big picture, and smaller timeframes for fine tuning my entries and exits.