Do a finger test. This is the best way to determine whether an orchid needs more water. Stick your pinky finger into the potting mix, taking care not to disturb the orchid's roots. If you don't feel any moisture, or you feel just a little, it's time to water the orchid. If you feel moist potting mix right away, give it more time. When in doubt, you should wait an extra day.
Most orchids are not heavy feeders. Many orchids bloom year after year with no fertilizer at all. During active growth, when new leaves are being produced, you may fertilize every other time you water at half the strength recommended on the fertilizer package. However, it's important to deliver water without fertilizer at least once a month to flush excess fertilizer salts from the bark mix and avoid fertilizer burn to the roots.