SRD, are they still the Conti Grand Prix tyres on your Dahon? Lovely fast things and best at 90-100 psi.
I keep Park instant patches in my repair kit for emergency use, but have never really liked them. For permanent repairs I use only Tiptop's glue and patches. The glue does dry out if you don't use it for a couple of years, but when fresh it spreads nicely.
Some sandpaper to roughen the area of the patch, plus a bit more. If you're in the house, scrub that bit of the tube first with citrus degreaser.
Put the glue on. Shop tip: wrap the tube around the back of your hand, with the thing stretched just a little. Make a fist. This keeps the tube flat and steady for the glue application, and helps make sure there is no air left to creep out of the hole to create bubbles in your glue.
I think the trick to getting an even layer on the tube is not to press down while squidging it out. I tend to be on the generous side and make sure there's a thick enough layer to stop it going off before I've covered the area. Let the glue go tacky as Insto said, but if you're doing it in the warm and dry, you can leave it for 10-15 minutes. It'll look like it's dried out by then.
Foil off and stick the patch on. I keep a pair of tweezers in my repair kit so that I don't accidentally touch the underside of the patch. My bike has rim brakes and my fingers will be all covered with aluminium dust just from removing the tyre. It's important to press the patch down onto the tube really hard. Work from the centre outwards. Don't remove the cellophane until you're totally sure the patch has dried. Alternatively, just don't bother removing it.
In lieu of talcum powder, aluminium dust works pretty well.