Hey guys, thanks for the interest, comments and suggestions so far! Before we begin, I would like to particularly address [B]DNA Trade 5[/B] and [B]Point P.[/B]
[I][B]Point P,[/B] is the point where the Price Action hits the [B]opposite Bollinger Band[/B] from which it was walking during a Sausage / Bubble.[/I]
I see that you all have successfully identified [B]the first Point P,[/B] which is about 36 candles behind. However, after this Point P, we see the Price Action forms a Bollinger Band Sausage, until [B]a second Point P[/B] is reached - this one being the (almost) doji candle which hits the Lower Bollinger Band.
[B]After Point P,[/B] the Price Action can sometimes bounce around from Bollinger Band to Bollinger Band, after long sausage/bubble moves. Since I missed taking an entry at [B]the second Point P[/B] (the almost doji candle). I tried to enter [B]SHORT[/B] when the Price Action hit the Upper Bollinger Band, but unfortunately, the trade was stopped out. If you look at a 4H chart of the EUR/USD, you can see the wonderful trade that we could have had if only we had entered at [B]the second Point P.[/B] It is at this point that sleeping makes you a bit disappointed! 
[I]Also I would like to note that the entry candle in that diagram is erroneous, the correct entry candle is a few candles back![/I]
I know many of you have heard about about [B]indicator paralysis,[/B] but as of late, I have been suffering from [B]entry-opportunity paralysis![/B] What I am seeing is that because I have so many charts open, as soon as I scour through them, I often find a few opportunities happening simultaneously. I then rush to perform my calculations such as candle body-size, position sizing and whatnot, and then quickly try to enter the trades. Sometimes this results in erroneous position sizing, or incorrect entry opportunities, and this would be detrimental to a successful trading strategy.
Initially, just like [B]TimberWolfMK2,[/B] I wanted to begin on 1HR time frames, as these would present me with way more opportunities! However, it would result in me being glued to my screen, which is something I would not want. In addition, I find Price Action on the lower Time Frames to be more unpredictable, and more susceptible to spikes such as News Reports. I thought that the 4HR time frame, would produce fewer, high-quality entries, but it [I]still[/I] enables me to get several trades a day, and I would still be somewhat occupied by the screen.
I thus have two options - switch to a 12 Hour Time Frame, or reduce the number of pairs I trade. I am thinking of seriously switching to the former, because the Price Action on the 12 Hour is less unpredictable, and I would suffer from less [B]āentry-opportunity paralysisā[/B]. My trades would be patiently calculated and then executed, as I wait for Price Action to approach my Outer Bollinger Bands. 
As an advantage, I would not have to be glued to my computer screen, which is important for me as I will not have loads of free time to dedicate to Forex, since I will be starting University in the fall. I will also suffer from fewer missed entries - and the feeling of missing an entry and then watching a trade rocket off in your intended direction, is one which I have recently experienced, and although I know there will be more trades around the corner, it is something I inherently do not like.
The only disadvantage I can see is that there will be a reduced number of entries, but this is something I am willing to accept, as I believe that it will pay dividends at the end of the day. Additionally, if the entries are too far and few between, I can simply increase the number of pairs I trade, until I find that optimal combination!
However I am not advocating that trading on the 1 Hour Time frame or lower time frames is not worthwhile - if you have the time, you can make [B]bundles[/B] on these time frames, by virtue of the [B]huge[/B] number of entries which exist intra-day. However, it is something I cannot do psychologically, and if one cannot execute his/her Trade Plan in psychological comfort, then the results will be mediocre at best.
[U]Thus I am waiting for DNA Trade 4 to be completed, before I make the move to a 12 Hour Time Frame.[/U]
Hope this helps!
Happy pipping!
I am still trying to become confident/competent in the use of Tymenās method, so I will be following you log closely. Hopefully, it will give me some insights into where I am making some mistakes. It also makes me realise that I need to be more thorough in recording the detail of my trades.
