This is a Forex Trading system produced by Jason Sweezey, who also produced the 4x Pip Snager system - This is a link to our 4x PIP Snager Review.
Forex U-Turn is a system which Jason provides updates for based on trading two Currency pairs, the EUR/USD and GBP/USD, on 1 hour charts. The system needs MT4 as a custom template and indicators are provided. Then, after spotting specific Price action a trade is entered based on the custom indicator and two Moving averages. Some observation of recent Support and Resistance is also required to determine a valid entry.
During March and April 2011 we used this system as above from 07:00 – 22:00 UK time and made a net return of around 7% per month based on 2% risk per trade.
A lot of screen time but maybe worth it for those with time and dedication.
Please visit our Forex Trading Systems Review Site to read our full independent review of this system and over 70 others.
You can also read additional comments submitted by our members (other traders like you). Membership is completely FREE and your input would be more than welcome.
This is a very interesting concept that I did not learn yet in my Forex training class, thanks sharin! I recently just learned about leverage Forex and Forex margin and how to maintain each one. I also expect to see results in the long run, and I’m not expecting anything in the short run.
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