Determine the trend and follow it. Market trends are of
different types – long-term, intermediate-term and short-term. First, determine
which one you're going to trade and use the appropriate chart. Make sure you
trade in the direction of that trend. Buy dips if the trend is up. Sell rallies
if the trend is down. If you're trading the intermediate trend, use daily and
weekly charts. If you're day trading, use daily and intra-day charts. But in
each case, let the longer range chart determine the trend, and then use the
shorter term chart for timing.