Forex U Turn - Manual PDF

Copyright ©2010 www.Forex-U-Turn.
com 1
Table of Contents
Forex-U-Turn Introduction................................................................................p. 3-4
Brokerage ThinkFX Installation........................................................................ p. 4-11
Indicator Installation process............................................................................. p. 12-18
Forex Basics....................................................................................................... p. 19-21
Some Simple Rules To Go By........................................................................... p. 22
Use Good Money Management Practices.......................................................... p. 23
Leverage Is A Double Edged Sword!................................................................p. 23-27
Understand And Follow The Daily Forex News & Analysis Closely............... p. 28
You Are Paid To Wait....................................................................................... p. 29
How To Find True Support & Resistance.......................................................... p. 30-31
Finding Support & Resistance Using Moving Averages................................... p. 32-34
Whole Numbers That Turn Into Support & Resistance..................................... p. 35-39
Analyze Your Exits Ladies & Gents.................................................................. p. 40
Trail 3 Bars Back................................................................................................ p. 41
Forex-U-Turn..................................................................................................... p. 42-44
Correct Stop Loss Placement............................................................................. p. 44-46
Forex-U-Turn Blue Print Buy Entry.................................................................. p. 47
Forex-U-Turn Blue Print Sell Entry................................................................... p. 48
Forex-U-Turn Blue Print Aggressive Buy & Sell Entries.................................. p. 49-50
Chart Examples To Learn From......................................................................... p. 51-55
Technical Analysis Verses Fundamental............................................................ p. 56
BONUS: Forex-U-Turn Expert Advisor Parameters.......................................... p. 57-58
NFA and CTFC Required Disclaimers............................................................... p. 59
Copyright ©2010 www.Forex-U-Turn.com 2

Forex-U-Turn
Welcome Traders to the Forex-U-Turn Trading system:
Have you ever entered a trade just before the market did a U Turn?
Did your trade go into profit by a few pips then turn on you? Well,
unfortunately, this has happened not just to you, but to lots of other
traders, too. And if you don’t have the correct tools and know how to try
and prevent this, your trading activities may be doomed to fail!
But there is good news, now with the Forex-U-Turn Trading system,
if used properly you can STOP this from happening to you more than
70% of the time. You see, instead of buying 10 to 25 pips near the TOP,
Forex-U-Turn will prevent you from those critical errors! Instead, you’ll
be waiting patiently for the U-Turn to form on your chart so you can sell
near the TOP instead of buy.
Does all this sound too good to be true?
Well, you’ll just have to keep on reading to believe it. Hi… my name
is Jason Sweezey and I have been actively trading the markets since 2001
and I have seen a lot of different ways to trade the market, and in most
circumstances, over and over again I see useless trading systems that
were initially developed to make the authors money and make traders
lose money so they will keep buying the “next best trading system” each
week!?
Week after week we are bombarded with offers of the next best way
“How To Trade The Forex Market” and it’s sad to say that over 95% of
what’s being offered is downright Utter TRASH!!! Some of you may
know me from my last trading system called 4XPipSnager, and without a
showdown of a doubt, a lot of you know just how effective that system
is? In fact, I send proof on a daily basis to my Snager clients from all
over the world showing them the pips to be made.

What’s more, I plan to do the very same for you! Why? Because I
feel that Forex-U-Turn is even better than 4XPipSnager – That’s
right! I feel that this system will catch the U-Turns more accurately and
more precisely than 4XPipSnager ever could.
But don’t go thinking that 4XPipSnager is now considered obsolete?

No Way Folks! 4XPipSnager is a trend trading system that still works!
And will continue to work! Forex-U-Turn on the other hand, is a counter
trend trading system and a trend trading system all rolled into one that is
“absolutely brilliant” when used properly in the market place.
U U
Forex-U-Turn will start to show you in advance when the instrument

you’re trading is about to make a Fatal U–Turn! Better yet, Forex-U-Turn
can be used on nearly any time frame and on any market you can think
of.
You can use it on the Forex Market. You can use it on Futures, or,
even Stock. The only time frame I would try and stay away from is the
M1. Not that I am saying that it won’t work on there, too… It’s just more
accurate on higher time frames … meaning, the higher the time frame –
the higher the probability of the trade being successful!
So go and grab your favorite beverage and snack and get ready to
learn how to trade more accurately by starting to sell where you used to
be buying, and to start buying where you used to be selling… But first
let’s install the Meta Trader 4 Platform:
Click Here To Download ThinkForex Meta Trader Platform

U U

Then your next step would be to fill in the information…

Next you simply click on this download button…

Next you will see it start to download like this:
Next you will choose the country you live in then click next…

Then you will click next…
Next you will check off that you agree to the terms of the agreement…

Then you will simply click next…
Then next you will click on yes to install the Meta Trader 4 Platform, but
as you can see I already have it installed so no need for me to continue…

Then once you have run the application and you proceed to install
the Meta Trader 4 platform to your computer then you’ll need to install
the “custom indicators” into the Meta Trader 4 Platform using the Quick
Installation that you will get when you buy the Forex-U-Turn trading
system. You see, we protected the system for you so only you have the
unique license to run the software on your personal pc.

Indicators Installation
IMPORTANT: Before you begin, make sure that your MetaTrader
platform is closed.
After downloading the Forex-U-Turn_Install.zip file:
Double-click the file name and it will open using your unzipping utility.
You should see a window similar to this, displaying the two files inside:
The two files you see here are:
1. Forex U Turn Course.pdf (the file you are reading at the moment)
2. Forex-U-Turn_Quick_Install.exe

Important: The Forex-U-Turn_Quick_Install.exe will install
AUTOMATICALLY the following files into the right folders:
U U
Forex-U-Turn_Dectector is installed into the expert/indicator folder

Forex-U-Turn_Filter is installed into the expert/indicator folder
Whole_Numbers is installed into the expert/indicator folder
FUT_Alert_x3 is installed into the sounds folder
fx u turn black.tpl is installed into the templates folder
Double-click the file: Forex-U-Turn_Quick_Install.exe
The quick install program will open and display this window:
Click on the Next button to continue.
In the following window, you need to locate the folder on your computer,
where you installed MetaTrader.
Click on the Browse… button to find the folder:

For example, if MetaTrader is installed in the folder:
C:\Program Files\MetaTrader – Think Forex
Then you should look for this folder under the C:\Program Files foldoer,
then click on MetaTrader – Think Forex folder to choose it.
Now click OK to return to the previous window, where your chosen

folder is displayed.
Now click Next and then on the Install button:

The next window you'll see, confirms that the installation was successful.
Click Finish to close it:

Congratulations – your new system is installed!
You can now open your MetaTrader platform.
You'll now be asked to input your license code.

The following is an explanation of where to find this code and why is it
needed:
Security and Licensing

The Forex U Turn features an easy quick-install program, and an
advanced security system.
Before we go through the installation step-by-step, a few words about the

built-in security system:
The Forex U Turn features sophisticated security and licensing that

protects its code against theft and piracy. For you the user it will not
interfere with the normal operation of the EA and indicators.
However, please be aware of your license conditions:
1. As with almost any computer software, your license for the Forex U
Turn is valid for use on 1 computer only.
This means that once you install the Forex U Turn on a computer, this
will be the only computer you'll be allowed to use the Forex U Turn on.
However, if you need to run several MetaTraders, you can do so without
limitations, provided all MetaTraders are installed on the same computer.
Note: if you've changed computers or would like to install the Forex U

Turn on an alternative computer, please contact support. If you would
simply like to use the system on two computers simultaneously, please
purchase an additional license.
2. If for some reason you applied for a refund of your purchase, your
license will be automatically revoked and the Forex U Turn will
automatically stop working on your computer. It might not stop
immediately, however do not expect the Forex U Turn to operate for
more than 1-2 days after your purchase was refunded.

After installation finishes and you open MetaTrader for the first time, the
license verification screen will appear. This will only happen once, when
you start MetaTrader after you installed the robot:
In the license code box, input your Order Number (from ClickBank) This
number serves as your license and proof of purchase.
If you don't know the order number, check your inbox for an email from
ForexCodeGuard@gmail.com. This email is sent to you immediately
upon completing your purchase.
The email from Forex Code Guard looks like this:
An alternative to easily getting your license code is to check your inbox

for the confirmation email from ClickBank, which will also contains your
Order Number .

Input these numbers and letters in the License Code box, then click the
Verify button.
The following message will confirm your license:
MetaTrader will now open and you can start using Forex U Turn.
How to Apply the Template?
Once you have successfully installed the Forex-U-Turn trading system

with the quick installer, then open up your Meta Trader 4 platform with a
fresh chart, right-click anywhere on the chart and scroll down to
Template and look for the choice of A White Chart or a Black Chart
named Forex-U-Turn.

Forex Basics
However, before we get into the heart of the Forex-U-Turn trading
system I want to go over a few basic things about the Forex Market in
general. The Forex Market is simply the Foreign Exchange Market which
they took the ‘For’ from Foreign and they took the ‘Ex’ from exchange
and put them together and called it “FOREX” for short. It’s also known
as FX, too…
Since the Forex market has no central exchange like the Futures
Market or the Stock Market. So what they have done is made up what
they call an “Inter-Bank.” Where all the Central banks from all over the
world exchange currencies over the counter for example: Exchanging
Canadian Dollars for US Dollars ect…
The Forex Market is made up of a lot of different currencies like the

United States Dollar and the Japanese Yen, or the Swiss Frank. So what
the Forex Inter-Bank has done is made them into pairs like the USD
paired up with the Canadian Dollar.
So it would be symbolized like this: USD/CAD or USD/CHF for the

United States Dollar and the Swiss Frank. There is 6 Major Pairs and a
lot of other pairs that some of us traders either call “Exotic or Cross”
pairs. Let’s first name the majors.
USD/CAD = United States Dollar and the Canadian Dollar.
USD/CHF = United States Dollar and the Swiss Frank.

USD/JPY = Unites States Dollar and the Japanese Yen.
EUR/USD = Euro Dollar and the United States Dollar.
GBP/USD = Great British Pound and the United States Dollar.
AUD/USD = Australian Dollar and the United States Dollar.
Now let’s name a few of the popular exotic cross pairs:
GBP/JPY = Great British Pound and the Japanese Yen.
EUR/JPY = Euro Dollar and the Japanese Yen.

CHF/JPY = Swiss Frank and the Japanese Yen.
Notice how they are all paired up with the JPY = Japanese Yen? There
are many other Japanese Yen exotic cross pairs come to think of it…I
guess they like pairing them up with the Japanese Yen for some reason…
Now let’s talk lots and pips… In the Forex Market they call order
sizes in lots. For example, $100,000 United States Dollars paired up with
let’s say Euro Dollars would equal to 1 full lot. Each full lot would equal
to $10.00 per pip. If you were trading in mini lots and let’s say you were
trading 1 mini lot that would amount to $1.00 per pip. I bet you’re asking
what does “Pip” stands for? It stands for “Point In Percentage” because
for every 100 pips equals to 1 penny in that currency, so one thousand
pips is equal to 10 cents out of one dollar.
So if you traded 1 mini lot 0.10 in lot size and you made 97 pips, you
would have made $97.00 in profit. If you were trading 1 full lot 1.00 in
lot size and you made 97 pips, you would have made $970.00 in profit.
In the Futures Market instead of pips they call it points. In the Stock
Market they call it in the name of money like Joe Bill Stock has gone up
15 cents today. But in the Futures Markets you will buy and sell
Contracts of Sugar or Corn, with expiring contract dates, and in the stock
market you can hold onto that Stock for as long as the Company who you
invested in is still in business. But out of all the Markets, the Forex
Market is the biggest and BEST Market out of them all! And the reason
is simple, Forex gives YOU the most opportunity because of the huge
swings Forex makes each year.
Therefore, because the Forex Market has the most volume traded with
over 3 Trillion Dollars traded on a daily basis! Yes folks I said 3 Trillion
Buxx!!! A lot of traders have left the Futures currency Market and the
Stock Market because they can’t get the large order fills in those
instruments like they can with Forex. Plus just the name “Forex!” is real
sexy isn’t it? lol
You see, if you threw in an order to buy 100 contracts of the Euro
Dollar for a example you may get 30 contracts filled at one price and 50
filled at another price and the remaining 20 filled at yet a higher price.
Why? Because there are NOT enough traders to take the other side of
your order. In Forex, there are so many huge Institutions trading from all
over the world, that there is nearly always someone willing to take the
other side of our orders like 1000 lots or even 10,000 lots of currency.

Companies you might even work for may have traders trading for them
with profits being made from the fruit of your labor.
U
In fact, a lot of companies hedge their money to lock it into a certain

amount to further lock in a certain currency amount to buy stock and pay
employees to keep their company afloat over the next 18 months.
Other companies may be operating at a loss and trade Forex to offset

losses. There are a Trillion reasons why and that’s the beauty of it as
there is always enough liquidity for us to get filled with our orders. Okay
enough said about the general basics of the Foreign Exchange Market …
how about we get into the heart of the Forex-U-Turn Trading System:

“Some Simple Rules To Go by…”
The rules to this system are quite simple … As simplicity always
works in my book of trading. It is so true that most traders over
complicate things which in the end makes more losses than wins. Why is
that? Well, people tend to think that since trading is one of the hardest
things to win at they tend to think that it must be sophisticated, when in
reality it is very simple.
You see, what traders fail to realize is that the “Fear and Greed” is
what makes us fail and NOT the system itself. We have Doctors and
Lawyers who feel that the BIG money they make in their professions is
not enough to satisfy their need for GREED and they think that just
because they went to Law School or Doctors University that they have
the intelligence to ‘outsmart’ the markets.
Well many of them have come to realize that it does not take smarts to
win at trading. Rather, it takes sheer utmost discipline instead. And, it
takes simplicity and a good trading system to succeed. Unfortunately,
when a lot of these highly educated people come to the market they
usually have big trading accounts like $50,000 to $100,000 to play with.
They make the mistake that the more money they have the easier the
success will come…
This is why I want to go over the most important thing first before we
get into the system itself. Can you guess what that is? If you guessed
“Money Management” or “Leverage” then you just hit the nail bang on
the head!

“USE GOOD MONEY MANAGEMENT PRACTICES. . .”
First rule of thumb is: Do NOT Over Trade! Over trading comes in a
few different forms, and one of the most common mistakes that traders
make is leveraging their account too high by either trading too many
times in any one trading session, or by trading too much of their account
at one time. In other words: over – leveraging!
“Leverage Is A Double Edged Sword!”

Let’s first start with trading leverage:
Just because one lot [100,000 units] of currency only requires as low
as $250 {400 to 1} as a minimum margin deposit, it does not mean that a
trader with a $5,000 in his or her account should be able to trade 15 to 18
lots.
One lot is $100,000 and should be treated as a $400,000 investment

and NOT the $1,000 put up as margin. However, most traders analyze the
charts correctly and place sensible trades for the most part, but yet they
tend to over leverage themselves.
As a consequence of this, they are often forced to exit a trade position

at the wrong time or become too emotionally charged to be in a
constructive frame of mind to trade profitably.
Another form of “over trading” is to get in and out too many times in 1
trading session. If you are a scalper kind of trader, then you should only
look to do 3 trades maximum.
If you’re an “intraday trader” then you should only look to do 1 trade a

day but NO MORE than 2 trade setups each day in each session. If you
use this trader mentality you’ll avoid over trading known as gambling
when you try and trade 5 to 10 trades in just a few hours…
However, a good rule of thumb is to never use more than 5% of your

trading account capitol at any given time, especially with HIGH leverage
of {400 to 1} particularly for NEW traders no matter how much
Education you may have under your belt, or when learning a new trading
system such as this one.

I recommend using an account with a more conservative level of
leverage of no more than 100 to 1 or at most 200 to 1, and you might
want to risk even less like 2% or even 1% as apposed to 5%.
So let’s say we have an account size of $1,000 and we want to risk 5%

on a trade to make this example easy to figure out mathematics wise. So
say the SL Stop Loss is 100 pips and we want to risk 5% of our capitol…
What lot size can we trade?
A lot of traders really stumble to figure this out properly, I’m not
perfect! I too had great difficulties to try and figure this out properly and
to try and explain it is not easy! So let’s get back to the calculation
folks…
A lot of traders seem get “money management” and “leverage” all

mixed up. They think that they can risk 5% of their account meaning that
they can trade by using the leverage as a guide for this 5% so they end up
losing more than 5% of their initial capitol.
They trade like 0.10 one mini lot thinking this is ok when in reality if
you lose 100 pips if the price hits your Stop Loss you will in fact lose
10% of your account instead of 5% because it is $1.00 per pip so 100 X
$1.00 = $100.00 and, if you want to do a consistent 5% calculation as
your account increases or decreases you must calculate the number of
pips of the Stop Loss each time by the amount in your account by 5%.
Now let’s look into another part of trading that is very misunderstood
in more ways than one…
“Let’s Do The Math Traders”

Let’s say you’re a Intra-day Trader and you want to use a 1 to 1 win
loss ratio? So in this case we will use a 10 trade scale with 80% wins and
20% losers:
For the sake of this explanation let’s say we are using a 100 pip Stop
Loss and a 100 pip Take Profit which equals 1 to 1…
So on 8 of the trades we win 800 pips then on 2 of the trades we lose

200 pips. So think about this now… is this actually an 80% winning
average? It is in the terms of actual trades won but is it actually 80% in
the terms of pips made?

If you answered ‘no’ to this question you are 100% correct. You see,
in reality, you made 800 pips but you lost 200 of those 800 so what are
we left with? The answer is 600 pips… so doesn’t this sound more like a
60% win loss ratio than a 80% winning average? Indeed it does my
friend.
Okay let’s try a 2 to 1 ratio where the Stop Loss SL is 200 pips ad the
Take Profit TP is 100. The same applies it’s just the numbers are
different. So on 8 of the trades we win 800 pips and then on 2 of the
trades we lose 400 pips.
So think about this now… Is this actually 80% in the terms of pips
made? If you answered ‘yes’ to this question you are wrong! You see, in
reality, you made 800 pips but you lost 400 of those 800 so what are we
left with?
The answer is 400 pips… so doesn’t this sound more like a 40% win
loss ratio than an 80% average win rate? Indeed it does my friends. 40%
is still winning in the markets but doesn’t 70% or even 80% sound
better? It sure does to me…
So now let’s do this in the best way possible and let’s reverse the win
loss average ratio. Instead, now we are going to use a 100 pip Stop SL
and a 200 pip Take Profit TP. For fun let’s see what we end up with…
So on 8 of the trades we win 1,600 pips then on 2 of the trades we lose

200 pips. So now think harder about this calculation my friend? Is this
actually an 80% winning ratio average? It still is in the terms of actual
trades placed but is it actually 80% in the terms of pips made?
If you answered ‘no’ to this question then so right you are! You see, in
this example you did far greater than in the last two examples above. In
fact, you made 1,600 pips but you lost 200 of those 1,600 so now what
are we left with?
So now what are we left with? The answer is 1,400 pips… so doesn’t
this sound more like a 140% win loss ratio than an 80% average win ratio
rate?
Indeed it does my friend, there is so many ways that traders have tried
to manipulate and fudge the numbers over the years trying to make it
U U
look more {Higher Numbers} appealing than it really is.

So with all that said, I just laid it out for you in an easy to read format
with No Bull Crap! When it’s all said and done, it’s not the percentage of
wins you make it’s how many pips did you gain…
Think about this my friend… it only makes sense that if your win loss
ratio is greater than your lost pips you’re going to be ahead of the game.
And trust me, all trading is, is a game. And a lot of the time it’s played
dirty! “You really need to be on your toes when you play it?” Sorry I
went off topic here for a brief moment.
So many traders alike try to twist money management theories around

that it isn’t funny! Stick with the last example I showed you for this
system as it’s for the Intra-day traders who trade on the 5 minute or 15
minute time frame and if you try and shoot for a 3 to 1 Take Profit TP /
Stop Loss SL in terms of pips made.
Like for example, 50 pip Stop Loss SL to a 200 pip Take Profit TP this
may not be achievable on a daily basis trading this on such small time
frames. On the EUR/USD pair we certainly don’t have the 200 pip
{ATR’s} Average True Range on a daily basis now do we?
So now that we covered the win loss ratio as far as the Stop Loss SL
and Take Profit TP is concerned let’s now take a look at what happens
when we add more positions as we progress when our account size
grows.
This is yet another part of money management that a lot of traders

either fail to understand or take seriously. Let’s say we were trading
100,000 dollars worth of currency which equals to $10.00 per pip. And,
let’s say we had a starting balance of $10,000 and we told our self that
for every $1,000 gained we were going to add another $10,000 dollars to
our position.
So when we reached the $11,000 dollar level we now are going to

trade $110,000 dollars which equals $11.00 a pip. So for every pip
gained on each trade we will be making an extra $1.00 so as you can see
as time goes on if we made another 100 pips we also would have added
another $100.00
And say we were successful and we were winning 80% of our trades
with a 2 to 1 win loss ratio… in no time we would double our account
and make 100%. But and this is a BIG Butt! {Utmost Discipline
Needed?} What if we had a bad streak of trades which happens from time

to time, but now we are trading $200,000 dollars worth of currency
which equals $20.00 per pip?
Can you see the horrific consequences this can cause? For example,
we will be losing double the amount of money on a single trade which
can cause all your profits to be eaten up quicker than you could say ‘Oh
No!’
What took you 20 trades to accumulate $10,000 dollars can wipe out
all your profits made in just a small handful of BAD trades. So please be
careful when adding on to your position and remember to decrease your
lot size as you lose so the ‘Impact’ won’t be so painful!
To avoid a situation like this, simply trade the same amount of lots
from start to finish – yes it will take you a lot longer to grow your equity
in your account but you’ll be practicing strict money management
practices. Especially when learning a new system like Forex-U-Turn.
Please read the bottom disclosure statement in full as these examples

are only to be used as a guide and we at Forex-U-Turn and all of our
affiliates are NOT responsible for any actions taken on your part as great
risk is involved in trading Forex and other Instruments.
Now that we got that good old money management and leverage out
of the way, I want to talk about the news announcements that come out
on most days and how it can affect your trading dramatically!

“Understand & Follow The Daily Forex
News & Analysis Closely. . .”
Even though the Forex-U-Turn trading system is based off of
Technical Analysis, you must learn the effects and deadly Impact that
news has on the Forex Market. I suggest avoiding times of major news
announcements as they can have major effects on prices.
It is not uncommon for news announcements that can cause 100 to 200
pip movements in a matter of minutes. Whilst this may sound appealing
in a profitable trade, but what if it goes against you? It can cost you
equally!
I typically recommend waiting 5 to 10 minutes after the announcement

to allow the markets to calm down and choose a direction and then
consider placing a trade if you see the correct Forex-U-Turn setup.
Practice this heavily with a demo account before ever entering with
real money on the line. If you are in a trade right before the news hits, it
is suggested to either tighten up your Stop Loss SL or simply just closing
out your trade winning or losing to reserve capitol.
Please do be warned that it is very common that Stop Loss SL and

Entries are not respected by many brokers during these times. It is much
safer to try and avoid them completely. Here are some Forex News
Websites I recommend:
www.forexfactory.com
U U
www.dailyfx.com
U U
www.bloomberg.com
U U
www.fxstreet.com
U U
Are a few good ones to go by…

“YOU ARE PAID HANDSOMELY TO WAIT!”
Most of your time trading is waiting for the ideal correct setup to
occur. There will always be money left on the table – you will never
catch 100% of the move, and once you realize that, you’ll be miles ahead
of this misunderstood game.
You are waiting for those perfect setups. The better the setup is, the
greater chance of you winning the trade. If you are not winning between
70% - 80% of your trades, you need to step back and start waiting for
better setups.
The greater amount of indicators that agree with your potential trade,
the higher the chances you have of winning the trade. Remember, you are
mainly paid to wait, and the better you are at waiting for the perfect
setups, the more money you make.
But you also must understand that after all that waiting for the ideal
setup to occur, you then have to wait even more for that trade to mature
into a nice profit. So what’s the name of this game? Wait! Wait! Wait!
Then wait some more!
If you are scalping the Market for a quick 10 pips, sometimes it can
happen in just a few minutes, But in most cases, it can take 15 to 30
minutes for that trade to develop – and trust me, that 30 minutes can
seem like a lifetime has flashed before your eyes.
And, if you’re day trading or swing trading it can take even longer for
a trade to turn into a BIG winner! It can take hours upon hours to fully
blossom into a nice BIG FAT Win! And like I just said, that will feel like
a whole lifetime flew right by YOU.
So patience is such a critical factor in all aspects of trading that

without patience you’re more than likely to get out of trades that in other
words would have turned into very profitable trades for you.
You have to try your best to put your human impulsiveness aside and
put your discipline in full force. As discipline is the ‘key element’ to
becoming a successful trader.
Now before I actually show you the system, I want to get into “True
Support & Resistance” and how important it is in your trading…

“How To Find True Support &
Resistance”
In this section I am going to show you how to find ‘true support and
resistance.’ In the 2 sections to follow I will show you two other forms of
how to find support and resistance that I feel will benefit you in your
trading activities.
But first, let’s find some good old support and resistance the good old
fashioned way… Common it will be fun…
To find true support and resistance we first need to look at a higher

time frame if say you trade the M15 time frame. Once we go to a higher
time frame we then simply reduce the size of the chart. On Meta Trader 4
platform we would simply Zoom Out.
So once we have the chart reduced in size we now can look to find
where price met more than once in the past and put a Horizontal Line on
the chart. The more times price hits a certain price level and bounces off
of that price level the stronger the support and/or resistance becomes…
Let’s take a look at this chart example so you can learn from it:

You can do this on any time frame that you are using and it is the only
true way to find ‘True Support & Resistance.’

“Finding Support & Resistance
Using Moving Averages”
Some traders use moving averages to find support and resistance and
they simply buy and sell off of them. You see, when price is above a
moving average and price comes down to the moving average… a lot of
the time they will buy off of it.
When price is below a moving average and price retraces back up to

that moving average traders will sell off of it. Is this a fluke? Does this
happen by chance? Or, is it just dumb luck that this happens? Not at all!
You see, traders use a lot of different moving averages to buy and sell
off of based on certain technical factors in the market, but from what I
have seen…here are the most effective moving averages traders use to
buy and sell off of when price either drops down and touches it, Or when
price retraces back up and touches it.
21 EMA = Exponential Moving Average.
Now we can’t forget the Simple Moving Averages? I honestly feel

that the EMA are more powerful and truly believe that traders use them
more so than the Simple Moving Averages…
21 SMA = Simple Moving Average.

Some traders use smaller moving averages like the 9 and 13 for other
purposes but I just wanted to show you this to learn from… Are any of
these moving averages part of the Forex-U-Turn trading system? No it
they are not but if you are NEW to trading then this information is very
valuable for sure.
Let’s take a look at a chart so you can see what I am talking about…

Here are some examples where they are selling off the 21 EMA…

“Whole Numbers That Turn Into
Support & Resistance”
Now we are going to get into a form of support and resistance that is
so over looked but is so ‘powerful’ it will blow your mind to see just how
important this really is when making an entry trading decision, or an exit
decision?
Because whole numbers are so extremely effective I have decided to

U U
add it to the Forex-U-Turn trading system. It’s only recently that I have
took a serious look at this…in the past like 3 years ago some trader was
going on about it and I just blew it off!
But now I can see the importance of whole numbers and how traders
alike buy and sell off of them just like the two other forms of support and
resistance I just talked about. You see, when price comes UP to a whole
number like 1.5700 for example traders see this as a major resistance
level and either look to take profits at this level or to sell at this level.
When price is coming down to a whole number like 1.5300 for

example traders see this as a strong support level and buy off of it. So can
you guess what is even stronger than these whole numbers?
When price comes down or up to a whole number like 1.5000 or 2.000

for example, they are considered VERY STRONG turning points in the
market.
Not just whole numbers are extreme buy and sell points, but in-
between numbers have some merit, too. Meaning, 1.5150 is also
considered a point in which traders look to buy when price is coming
down to this price or sell when price is coming up to this price.
I like to call the whole numbers like 1.5400 ‘majors’ and the in-
between numbers 1.5450 ‘minors’ because the whole numbers are easier
to remember than the in-between numbers. It’s a lot easier to remember a
price to buy or sell at 1.2450 as apposed to 1.2434. You see what I mean?
And, if you take a serious look at these whole numbers you will see
price come up or down to them and stall some times and price will hang
around there for hours sometimes until traders decide to break thru it or
buy or sell off of that major/minor price level.

Another thing to remember is “True Support & Resistance Traders”
Buy off of support and Sell off of resistance. So the 3 different ways I
just showed you hot to find true support and resistance is 3 of the sure
fire ways to find it and to use it to your advantage if that you have a entry
setup to buy or sell and major support or resistance is near by then it is
best to not do the trade setup.
Let’s now take a look at a few chart examples to show you exactly
what I mean. Next we will cover exits of your trade positions…I have
few different ways to show you how to get the most pips possible out of
your trading.

As you can see it doesn’t always come exactly to a whole number and
bounce off of it every time? But more often than not time and time again
it sure does act as a major support and resistance point of entry or exit.
And 1 more thing, as you can see when price is coming up to a whole
number you don’t want to be buying into 1.5300 and if price is dropping
down to a whole number you don’t want to be selling into 1.5100? Please
try to think in an opposite way my friends?

“ANALYZE Your Exits Ladies & Gents. . .”
The reason trading with a system is your best bet because most of the
objective analysis is done before the trade is executed. Once a trader is in
a -10 pip to -25 pip position he/she tends to analyze the market in a
different way ‘hoping’ that the market will move in a favorable direction
rather than objectively looking at the changing factors that may have
turned against their original analysis. {Men are the worst when it comes
to holding onto a trade gone BAD! Why? Because men hate to lose!!!
Women on the other hand seem to know how to control their emotions
better than a man in the game of trading even though they are more
emotional in nature then men. I know it sounds weird but it’s 100%
True!} This is especially true of losses.
Traders with a losing position tend to marry their position, which

causes them to disregard the fact that all signs point towards continued
losses. In this system, you will be show exactly where to place your
stops. No more allowing your emotions to control your decisions.
Once that decision has been made, STICK WITH IT! If the price
action turns around and goes back to the original direction if you get
stopped out, you can always re-enter the trade when the trading
guidelines have been met again.
However, once in a trade we have to try our best to manage it, so the
way I like to do it is to do the 50% move stop profit management
technique. Say we have a SL of 50 pips and we use a 2 to 1 win loss ratio
just like I explained in the chapter above.
So then when we see 50 pips profit which is 50% we move our Stop
Loss to break even, or even better, we move our Stop Loss to + 10 pips
so then for sure we are managing our trade. Plus once we do that we are
in a FREE trade as traders like to call it.
So let’s say after we move our Stop Loss to either break even or for a
small profit would if we are in a buy trade and price moves up another 15
pips in our favor but now we are at a major resistance level, or better yet,
a whole number – so what do we do? We analyze the situation and may
consider taking 65 pips or so off the table instead of risking giving back
all those 65 pips we just have accumulated.

So my friend, that is one way of exiting your trade… now let’s talk
about a second and third way to take profits…
“Trail 3 Bars Back Exit. . .”

Another good way to exit out of a winning trade is to keep moving
your Stop Loss after each bar closes. I like to use the M15 time frame as
it seems to work quite nicely, however, smaller time frames is too choppy
for this style of exit in my honest opinion.
So once you have moved your Stop Loss to the break even point you
can start to trail the trade by putting the Stop Loss 2 pips under the third
bar back from the current bar in a buy trade, or on top of the bar by 2 pips
if in a sell trade. Very simple way indeed… Let’s now take a look at an
example:

“Forex – U – Turn Cross Over…”
Now we are going to get into my favorite way to exit a trade with pips
won or with a trade gone BAD! What makes Forex – U – Turn unique all
in its own is the formation I stumbled upon one day looking at a old
system from 2 years ago I was trying to develop.
Yes even before 4XPipSnager ladies and gents… I just couldn’t seem
to find any value in it back then and just forgot about it until a few
month’s ago back in April is when I saw the ‘W’ to buy and the ‘M’ to
sell…it was so cool to see this POP OUT at me I tell you… Let’s take a
sneak peak to show you what I mean:

One more example for you to see how we exit the trade as I was more
so showing you how the U – Turn formation is formed above in the last
chart illustration…

Very simple way of telling you that the near term trend has changed.
But what’s really awesome about the Forex – U – Turn trading system is
it will work on practically any time frame on any Market and at any time
of the day. So you can use it for ‘scalping’ ‘day trading’ ‘EOD’ End Of
Day Trading and even long term investing as this amazing system will
work on the weekly and monthly time frames… How do you like them
apples? Like I have said before, this system is far superior to the
4XPipSnager trading system because you can use it as a ‘counter trend’
and ‘trend trading’ system.
“Correct Stop Loss Placement. . .”

Before we get into the Aggressive and Conservative ‘Blue Prints’ of
this trading system, I want to go over with you the correct place to put
your Stop Loss so you won’t get Stopped Out prematurely…
There are 2 different ways to go about placing your Stop Loss in the
correct spot. First let me show you the S&R Stop…where you simply
place your Stop Loss 5 pips below the current swing low in a buy trade,
or 5 pips above the swing high in a sell trade which is your closest
support and/or resistance level:

Here’s a sell Stop Loss example for you to see…
Now I want to go over another way to put your Stop Loss so the Big
Dogs known as the Central Banks can’t ‘Hunt’ for your SL… It’s real
simple, too. However, it does create more risk so you may have to adjust
your money management a tad loser to compensate for this way of
placing your Stop Loss Order…
All you do is simply find your closest support or resistance swing low
or high, or if a major support or resistance is near by we will use that
price level plus 40 to 50 pips for our Stop Loss like this:

“Forex – U – Turn Blue Print Buy Entry…”
First you will look for the ‘W’ formation on your chart like this:
Second you will wait for confirmation in the Forex – U – Turn filter
like this:

“Forex – U – Turn Blue Print Sell Entry…”
First you look for the “M” formation on your chart like this:
Second you will wait for confirmation in the Forex – U – Turn filter like
this:

“Forex – U – Turn Blue Print Aggressive
Buy and Sell Entries…”
Above I showed you the conservative buy and sell entries using the
filter for a second confirmation to pull the ‘Trigger!’ which is very
simple I’ll have to say. Now I will show you how to use the advanced
aggressive way to trade Forex – U – Turn trading system so you can get
into the trade entries even faster…

So, when entering the market one must not just see a U – Turn
formation and jump into the trade, you must consider all the factors I
talked about above about money management and to be disciplined. And,
your most vital weapon of them all: “Support & Resistance!”
If a major support level is near by then you may want to consider

NOT to Sell. Or if a major resistance level is near by you may want to
consider NOT to Buy? Common sense tells you that “Support &
Resistance” traders do the opposite so you should too…
Remember the whole numbers I talked about? Remember the Moving

averages? Or how about drawing good old support and resistance
horizontal lines on your chart? All these factors are ‘Vital’ to your
success no matter what strategy or trading system you employ to trade for
you on a daily basis.
The more tools you have to trade with, the better the chance you will
have at becoming a successful trader in a game that 98% lose.

“Chart Examples To Lean From…”
I want to show you a few examples of Forex–U–Turn buy and sell
setups and a few important tips to try to stay out of BAD setups like tight
ranging times of indecision:

You see in this chart, there is Yellow in the filter? I myself like to
have no neutral color in the filter so in other examples you will see
this…I am leaving the choice of the trader to either make this color the
same color as the chart or to choose a color like yellow to give them a pre
warning that a buy or sell trade setup is near.
Now let’s look at a few tight range examples to learn when to “Stay
Out” of the market:

Here is another one for you to learn from…

Do you see how there is no yellow in the filter below in these last 2
chart examples? I find it to be distorting to my eyes and a very important
part of making trading simple and easy to do is to NOT LOAD up the chart
with a bunch of indicators and a lot of different colors to distort and/or
distract you.

Above you see the Warning Alert in action to ‘Pre Alert You’ when
a Fresh U-Turn is about to occur. All you have to do after you get the
alert is look for the ‘M’ formation on the chart for a Sell Trade Setup if
you’re trading the system “Aggressively!” Or, if you’re trading the
Forex-U-Turn Trading System conservatively you would simply wait for
the FX U-Turn filter in the bottom of the chart to confirm the sell trade
setup.
If you are doing a long trade setup, all you have to do after you get the
alert is look for the ‘W’ formation on the chart for a Buy Trade Setup if
you’re trading the system “Aggressively!” Or, if you’re trading the
Forex-U-Turn Trading System conservatively you would simply wait for
the FX U-Turn filter in the bottom of the chart to confirm the buy trade
setup.
Lastly, I want to share with you some knowledge an old trader friend
shared with me about Technical and Fundamental Analysis…

“Technical Analysis Verses Fundamental. . .”
A lot of traders say they’re either a “Technical or Fundamental”

when it comes to trading. The fact is, we’re all 100% fundamental traders
it’s just that some of us don’t realize it yet. I myself used to like to say
that I was 70% Technical and 30% Fundamental until I had it explained
to me by a very prominent and well respected Grain Futures Broker by
the name of Mr. Tim Hannagan which has over 40 years trading
experience in the markets.
You see, a technical trader uses Technical tools available on a chart,

where a Fundamental trader uses news elements. Before a major news
element comes out which could be days, and sometimes weeks before the
market fears the worst to happen – known as “Fundamental Analysis.”
You’ll see a 3 or 4 day move before the news takes place. It will show up
as a technical pattern on your chart, but the whole reason this happened
in the first place was due to the “FEAR” of what “Could Happen” from a
Fundamental element about to enter in the market.
Known as… “Buy The Rumor – Sell The Fact.” So in essence, we’re
all “Technically 100% Pure Fundamental Traders.”
I just want to say thank you to Mr. Tim Hannagan for his mentorship,
in years past as if it wasn’t for him to teach me nearly everything I know
about trading it would have came a lot harder than it did.
At first he didn’t want to teach me, {he said you don’t want to learn
the mechanics of trading?} but after bugging him for month’s on end he
finally gave in and took me under his wing. We all have to learn from
somewhere…trading or any other skill you master in life has to be taught
and I sure hope you were able to learn a few important skills in this
manual.

BONUS: Forex-U-Turn Expert Advisor
In this section we will go over the parameters of the EA and tell you
which time frames are best suited for the Expert to run on:
This EA is a very basic Expert Advisor as you can see by the Inputs
Tab above. This EA is best run on higher time frames like the H4 and
D1 and W1 for best performance results.
This is basically a “Stop & Reverse” Robot, so when it gives an

opposite signal it will close the trade it is in and take the opposite side. It
will run on an ECN or 4 or 5 digit broker with no problems. It has a
hidden SL and TP from the broker just in case you do not trust the broker
you’re trading at.
The Inputs go like this:
Lot: Your lot size you want to choose from.
Stop Loss: Is the SL you choose but the broker will not see it.
Take Profit: Is the TP you choose but the broker will not see it.
Break.Even.After.Pips: Is a move SL so when it sees 100 pips it will

move the SL to the Break.Even.Profit.Pips chosen.

Break.Even.Profit.Pips is the desires amount of pips you choose when the
certain amount of pips is reached. So if it is 50 like in the example
above, it will move the SL to + 50 pips after it reaches 100 pips in profit.
BrokerStopLoss: This is the amount you will choose your broker to see
so they will not hunt down your Stop Loss.
BrokerTakeProfit: This is the amount you will choose your broker to see
so they will not hunt down your Take Profit.
And that’s pretty much it for the Forex-U-Turn EA – Enjoy! :)
“Plan Your Trade, Then Trade Your Plan…”
From my trading office…
Yours for pips galore,
Jason Sweezey

PLEASE READ THIS BEFORE CONSIDERING ANY INVESTMENT RECOMMENDATIONS:
All forms of trading carry a high level of risk so you should only speculate with
money you can afford to lose. You can lose more than your initial deposit and stake.
Please ensure your chosen method matches your investment objectives, and
familiarize yourself with the risks involved and if necessary seek independent advice.
NFA and CTFC Required Disclaimers:
Trading in the Foreign Exchange Market is a challenging opportunity where above

average returns are available for educated and experienced investors who are willing
to take above average risk. However, before deciding to participate in Foreign
Exchange (FX) trading, you should carefully consider your investment objectives,
level of experience and risk appetite. Do not invest money you cannot afford to lose.
Hypothetical or simulated results have certain inherent limitations. Unlike an actual

performance record, simulated results do NOT represent actual trading. Also, since
the trades have not actually been executed, the results may have under – or over –
compensated for the impact, if any, of certain market factors, such as lack of liquidity.
Simulated trading programs in general are also subject to the fact that they are
designed with the benefit of hindsight. No representation is being made that any
account will or is likely to achieve profits or losses similar to those shown.
Forex-U-Turn is only in good faith “sharing information” and is not responsible nor
making any recommendations to invest in any currency or any other investment. Nor
is Forex-U-Turn responsible for any losses incurred by sharing any information and is
only sharing this information in good faith. Forex-U-Turn and its affiliates are not
responsible in any way for losses incurred. Forex-U-Turn © 2010-2011 all rights
reserved.
NOTICE: All information contained in the Forex-U-Turn Trading System is subject

to copyrights of Forex-U-Turn and its affiliates and are protected by Copyright Law
of the United States (Title 17, United States Code) and by the Berne Convention.
Reproduction, storage or transmittal by any means, of any material in this eBook,
whole or in part, is prohibited without express prior written permission.
If you wish to publish or reproduce the materials in any physical or digital form or
use them for any commercial purpose, including display or Web page use, you must
obtain prior written permission from Forex-U-Turn. Be warned that every copy of the
Forex-U-Turn Trading System has been digitally signed and has been uniquely
formatted for easy identification in the event that any copy has been marketed,
distributed or shared on any peer-to-peer network without my permission, [Jason
Sweezey] Forex-U-Turn can quickly identify the guilty party.
Forex-U-Turn retains the rights to pursue both legal and civil retribution and will
exercise those rights in the event that any unauthorized copy is distributed without the
written permission from the author Jason Sweezey of Forex-U-Turn.

Forex U Turn - Manual PDF

Transféré par

Informations du document

Titre original

Copyright

Formats disponibles

Partager ce document

Partager ou intégrer le document

Options de partage

Avez-vous trouvé ce document utile ?

Ce contenu est-il inapproprié ?

Droits d'auteur :

Formats disponibles

Forex U Turn - Manual PDF

Transféré par

Droits d'auteur :

Formats disponibles

Copyright ©2010 www.Forex-U-Turn.

Forex-U-Turn Introduction................................................................................p. 3-4

Brokerage ThinkFX Installation........................................................................ p. 4-11

Indicator Installation process............................................................................. p. 12-18

Forex Basics....................................................................................................... p. 19-21

Some Simple Rules To Go By........................................................................... p. 22

Use Good Money Management Practices.......................................................... p. 23

Leverage Is A Double Edged Sword!................................................................p. 23-27

You Are Paid To Wait....................................................................................... p. 29

How To Find True Support & Resistance.......................................................... p. 30-31

Finding Support & Resistance Using Moving Averages................................... p. 32-34

Whole Numbers That Turn Into Support & Resistance..................................... p. 35-39

Analyze Your Exits Ladies & Gents.................................................................. p. 40

Trail 3 Bars Back................................................................................................ p. 41

Correct Stop Loss Placement............................................................................. p. 44-46

Forex-U-Turn Blue Print Buy Entry.................................................................. p. 47

Forex-U-Turn Blue Print Sell Entry................................................................... p. 48

Forex-U-Turn Blue Print Aggressive Buy & Sell Entries.................................. p. 49-50

Chart Examples To Learn From......................................................................... p. 51-55

Technical Analysis Verses Fundamental............................................................ p. 56

BONUS: Forex-U-Turn Expert Advisor Parameters.......................................... p. 57-58

NFA and CTFC Required Disclaimers............................................................... p. 59

Copyright ©2010 www.Forex-U-Turn.com 2

Does all this sound too good to be true?

Copyright ©2010 www.Forex-U-Turn.com 3

But don’t go thinking that 4XPipSnager is now considered obsolete?

Forex-U-Turn will start to show you in advance when the instrument

Click Here To Download ThinkForex Meta Trader Platform

Copyright ©2010 www.Forex-U-Turn.com 4

Copyright ©2010 www.Forex-U-Turn.com 5

Copyright ©2010 www.Forex-U-Turn.com 6

Copyright ©2010 www.Forex-U-Turn.com 8

Copyright ©2010 www.Forex-U-Turn.com 9

Copyright ©2010 www.Forex-U-Turn.com 10

Copyright ©2010 www.Forex-U-Turn.com 11

After downloading the Forex-U-Turn_Install.zip file:

The two files you see here are:

Copyright ©2010 www.Forex-U-Turn.com 12

Forex-U-Turn_Dectector is installed into the expert/indicator folder

Double-click the file: Forex-U-Turn_Quick_Install.exe

Click on the Next button to continue.

Click on the Browse… button to find the folder:

Copyright ©2010 www.Forex-U-Turn.com 13

C:\Program Files\MetaTrader – Think Forex

Now click OK to return to the previous window, where your chosen

Now click Next and then on the Install button:

Copyright ©2010 www.Forex-U-Turn.com 14

Copyright ©2010 www.Forex-U-Turn.com 15

You can now open your MetaTrader platform.

You'll now be asked to input your license code.

Security and Licensing

Before we go through the installation step-by-step, a few words about the

The Forex U Turn features sophisticated security and licensing that

However, please be aware of your license conditions:

Note: if you've changed computers or would like to install the Forex U

Copyright ©2010 www.Forex-U-Turn.com 16

The email from Forex Code Guard looks like this:

An alternative to easily getting your license code is to check your inbox

Copyright ©2010 www.Forex-U-Turn.com 17

The following message will confirm your license:

How to Apply the Template?

Once you have successfully installed the Forex-U-Turn trading system

Copyright ©2010 www.Forex-U-Turn.com 18