I'm hoping to pick some knowledgeable/experienced brains here about setting up charts for a new instrument, one that you would be unfamiliar with.
It's clear to me that every market requires a custom strategy; some move fast or slow, high or low liquidity/volume/volatility, different active trading hours, etc etc... some are similar to each other or correlated, while others require a completely different plan of attack with no viable frame of reference.
How do you approach a completely new-to-you instrument? What would you be looking for in determining the charts/timeframes that you would eventually use to analyze and trade it? What would your criteria be for sticking with or ditching a chart?