Although the basic chart analysis and Trading Plan stay the same for Short Term and Intra Day Trading as for End of Day trading there is a few small differences in the way you will approach it.
1. Stay with the Trading Blueprint
2. Although the longer term Primary Trend stay important your short term planning chart (60min, 30min or 5 min) will be more important.
3. I seldom trade with a periodicity of less than 60min. Remember our rule that state that you have to wait for the candle/bar of that periodicity to close before you take the next decision. In other words, if you trade on a 60min chart you must have the discipline to wait for the 60min candle or bar to close before taking the next decision.
4. You have to be close to your Trading Platform the whole time, if you trade EOD you can walk away, but not with Intra Day
5. Intra Day volatility can be wild, you have to keep that in mind. Prices may in a day trade up and down, and all over the place but in the end close near the opening price.
6. Your approach in taking profits will be a little different and more aggressive than with a longer term approach where you trade within the Primary Trend.
7. Your short term Support and Resistance lines will be very important; this may be great profit taking levels.