Tip #12   Stick to trading one or two time frames, always having in mind the situation on the daily and/or higher chart

This is yet another way to keep stuff simple, and ease your work. Looking at one or two time frames allows you to focus on learning the intricacies of only one or two time frames which you will agree is easier than learning about a bunch of time frames. But never forget the trend or range as shown on the higher-level charts. If you’re trading the 15-min chart, you should know that there’s been a down trend for the last 4 days, for example. If you’re a swing trader trading the daily chart, make sure you keep in mind what’s happening on the weekly chart.

If you find yourself switching from the daily to the hourly to the 5-min to the 15-min back and forth, you’re doing something wrong – you’re trying to overanalyze your pair, and that leads to confusion.