Tiêu đề 4-Step Trading Protocol - Discretionary Framework - ✅

4 - S T E P T R A D I N G P R O T O C O L by JOKERSZN 1 TRADING PROTOCOL A F R A M E W O R K F O R DISCRETIONARY TRADING B Y J O K E R S Z N STEP
4 - S T E P T R A D I N G P R O T O C O L by JOKERSZN 2 First and foremost, it is important to know that no trading system or protocol alone will make you a profitable trader unless you invest the time and effort required to succeed in the challenging world of trading. Ultimately, you are the one responsible for making the trading decisions, managing risk, and handling your own emotions. When working through this protocol, follow the steps in the proper order. If you work through it diligently, you will find that you will not need anything else on the technical side of trading. This is not just a single model; once you have completed the protocol and reviewed the video material, you will have all the tools necessary to interpret price movements. This model and the concepts used are particularly effective for day trading or intra- session trading. All the price-based concepts can be applied to different timeframes, as these principles are fractal. Keep in mind that the time-based aspects may vary. And yes, this protocol also works for other markets besides FX, obviously trading sessions must be adapted, but everything else will work in the same way. All times mentioned in this course are New York local time. Do not let the amount of information overwhelm you. Give yourself enough time to become comfortable with the material. It is crucial to journal your emotions, to backtest, and, most importantly, live test the entire protocol. Pay close attention to your emotional state before, during, and after a trade. Journal every setup you take, especially the losing ones. Every losing trade offers valuable insights into your trading flaws, which can help you become a better trader, step by step, trade by trade. I recommend journaling every aspect of the protocol and your thought process. Over time, you will have lots of data regarding the trades taken. Your objective is to identify patterns within both your winning and losing trades. Eliminate the patterns that lead to losses and capitalize on those that result in wins. It is a cycle of planning, executing, evaluating, and repeating - the path to improvement. You must become your own mentor, which necessitates self-awareness of your behavior and the ability to correct self-sabotaging patterns in your trading. Without accountability and objectivity, success in trading will be impossible. Preface
4 - S T E P T R A D I N G P R O T O C O L by JOKERSZN 3 1. Introduction ........................................................................................................4 2. Step 1: Market Conditions...............................................................................5 2.1 Time-Based Conditions:.............................................................................6 2.2 Price-Based Conditions:............................................................................8 3. Step 2: Liquidity (Bias)....................................................................................11 3. 1 Time-Based Liquidity:.................................................................................11 3.2 Price-Based Liquidity:............................................................................... 13 4. Step 3: Narrative ............................................................................................. 15 4.1 Price-Based Narrative............................................................................... 15 4.2 Time-Based Narrative .............................................................................. 18 4.3 Inversion level or P/D arrays as HTF POI.............................................22 5. Step 4: LTF Intermarket Confirmation...................................................... 24 5.1 Entry and Intermarket Confirmation.................................................. 24 5.2 The Entry Confirmation.............................................................................27 5.3 Order of Entries ........................................................................................... 31 6. Standard Deviations..................................................................................... 34 7. Position Management...................................................................................36 8. Pyramiding Management............................................................................37 9. Journaling ......................................................................................................... 38 10. How To Pass Prop Firm Challenges - My Approach ...........................39 11. Abbreviations.................................................................................................. 42 Table of Contents
4 - S T E P T R A D I N G P R O T O C O L by JOKERSZN 4 Before considering participation in the marketplace, it is crucial to start by assessing the current trading conditions. The market environment forms the fundamental framework upon which the success of any trade idea relies. Therefore, Step 1 of the protocol covers all low-probability market conditions that must be avoided. Once the market conditions align with our criteria, we can proceed to Step 2, which involves determining the most likely draw on liquidity (DOL). Without a clear DOL, we cannot proceed with the protocol. Upon identifying a distinct DOL, we move forward to Step 3 of the protocol, which involves creating a narrative. While bias merely indicates the price direction, the narrative provides insight into how the price is likely to move from its current levels to our identified DOL. P/D arrays serve as a tool to frame this narrative, but only when they are aligned with our bias, also known as the DOL, and we are trading under the right market conditions. Only once all criteria of the preceding steps have been met, we move on to Step 4, the lower timeframe entries. To execute the protocol effectively, it should be evident that each step’s criteria must be met. Skipping or ignoring any step puts you at a disadvantage. Trading operates on a “if... then...” basis, much like the protocol itself. It is crucial to emphasize that the primary focus should always be on the first two steps of the protocol. Do not overlook Step 1, which involves assessing the trading conditions. Many unprofitable traders make the mistake of entering the market without considering the prevailing trading conditions. There is no point in searching for a trading setup if the necessary conditions are not met. Introduction Professional trading goes beyond simply identifying chart patterns.