[torero]

Here's how I stay focused and wait for my setup. Trading plan is fundamental in building a focusing point. In addition to reviewing the trading plan from time to time to keep my mind fresh of what I need to do, if I see a possible setup forming, I usually ask if it fits into my plan. Second, I also ask what the likelihood the setup will continue in the direction I have in mind for it (by seeing higher low/high for longs and lower low/high for shorts). If I think yes, then the next question where is the stop and where is the target, then I calculate the ratio to see if it's worth taking the trade, minimum at least 2:1 reward:risk, I prefer 3:1.

Ask these questions every time I think you see a setup, most of the time by the time I ask the second question (reward/risk factor), it won't qualify for me to take the trade, that's a good start because good setups only happen 2-4 times a day and then there are none in some days. Beyond 4, I'm not being picky enough with my setups.