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Well in my own experience many fails because of number 3 why in a sense a complete trading plan would work around reason 1 and 2 , what actuallly happens is many have a entry and exit strategy but what we all need is a profitable process only developed by having a plan which requires...
Selection of what timeframe to analyse and trade should be based on the type of trader you aim to be , my suggestion is use h4 as the medium ( if you aiming at longer term trades use d1,h4,h1 if you aiming to be more of intra-day trader use H4,h1,m15 if you aiming to short term trades look at...