Jarratt has done extensive research on how a live trading room should function in order to provide the maximum benefit to traders.
Here’s how Forexmentor LiveConnect works:
During the London open, Jarratt analyzes the market in a way that is clear and easy to follow. The objective is to teach traders how to replicate the same analysis in their own trading, on their own charts and currency pairs.
Jarratt focuses on the 3 factors that are a must for long-term success:
- Your Approach to Trading
- Your Risk Management
- Your Consistency
To keep it really simple Jarratt breaks his analysis down into two main sections:
- Direction
- Entry levels
At the start of every trading session, Jarratt will look at what news is due out and discuss how those events may impact the trading day.
Next he’ll conduct a top-down analysis using higher time frames to determine mostly likely price direction.
Typically, Jarratt checks 3 time frames (daily, 4 hour, 1 hour) and looks for a confluence of market flows. For example, if 2 or more of the time frames show market flow to be up, the bias for that day will be long trades.
Following the preceding scenario, Jarratt will then go to lower time frame charts and look for potential long trades in the BUYING zone produced by the daily pivot levels, together with fib levels, etc.
Members will be encouraged to develop this basic method into something that suits them and their personal circumstances. The focus will be on trading these setups on a consistent basis.
Pre-London Video Analysis – Jarratt now conducts a full video analysis of the market before the London open each day. He points out possible setups and confluences that fit with his high reward, low risk trading system for the upcoming trading session. (See a sample)
