I've always used a low torque electric drill to twist up 10% + 2 feet more than I needed. When the cable just started to buckle or the insulation started to deform (which ever came first), I stopped twisting. I never counted the TPI. The TPI depended on wire gauge and the type of insulation used. I'd guess around 3 TPI for Teflon.
I suggest that you try to purposely over twist 2 feet of wires so you can see the insulation damage that occurs after the wire ties itself in a knot.
Use two different colored wires in the twist, it makes debugging later easier.
Don't twist teflon wires tight, they'll cold flow over the months and can short out. Murphy says they'll short out when you are showing off the system to someone you're trying to impress.
Notes from OTT on the WEB. OTT quotes 1 turn per inch.
http://www.physics.utah.edu/~kieda/ott.pdf