Winner: Trade of the Week (August 22 to 26, 2011)

Winner: 2011-08-22 00:48

Aaand we have a tie! Both Jabroni and Littlebopip garnered 18 votes each for their awesome trade ideas. Check out the setups they spotted. You may just be able to make a handful of pips from them!

It looks like both winners are bullish for the dollar this week. Jabroni shows a possible short on AUD/USD on the 1-hour and daily timeframes.

AUD/USD Daily Chart

Meanwhile, Littlebopip bets on a long USD/CHF trade. He pointed out an ascending triangle/bullish pennant on the 4-hour timeframe.

USD/CHF 4-hour Chart

Congratulations guys! Don’t be too surprised if someone asks you for an interview or an autograph!

Put your thinking caps on for this brand new week and keep your eyes peeled for ’em sexy setups! Who knows, it may be your name that I’ll proudly be announcing next week!

Voting: 2011-08-20 23:48

All right, all entries are in and you know what that means – time to cast your vote!

Which one of these brand spankin’ new entries is deserving of the “Trade of the Week” title?

Here are your choices:

Voting will close at 12:00 am EST on Monday, so flex those fingers and start voting!

Submission: 2011-8-18 23:30

Good day Forex fans! It’s that time of the week again when you can share your great trading setups with the community for them to vote on!

If you’ve got a great (heck, even if it’s not so great) idea to share, head on over to the Readers’ Choice: Trade of the Week Forum and post your setup.

You can submit anytime between 3:00 am EST to 12:00 midnight EST Friday, August 19, 2011. After that, voting will start. If you win, you will be featured on my post on Monday.

Just remember to post your trade ideas under a new thread and read the official rules and regulations.

Good luck!

  • Moraru Cosmin

    Buy XAU vs USD….buy it till your fingers drop !

    seriously…the only real trade

    all others are casino gambling ….

  • Maxy yulius

    08.22.2011 – Long GBP/CAD D1 Time Frame By Maxy300508
    Noted :  AB = CD
    Entry Point Long ‘@ 1.6250
    Stop Loss – 1.6025 (Risk – 225 pips)
    TP1 – 1.7040 (Reward – 790 pips)
    Reward to Risk Ratio – 3.5R : 1R

  • Moraru Cosmin

    nice trades idea 🙂 certainly deserve a closer look 

    i m gonna stick with XAU and XAG for now. 

    they are bound for soem corrections, but given the way markets started (asia started on a negative note), i see no reason why XAu and XAG wouldnt end the week on a great positive note 

    also contributing to this … the ,,libian oil crisis” (if that s the word for it…) add fuel to the fire of incertitudes