Winner: Trade of the Week for April 23 to 27, 2012

Winner: 2012-04-24 02:01

It was close fight between Lupos and Justin Pipper, but one of them managed to take the crown by winning by a single vote! The Trade of the Week for April 23 to 27, 2012 belongs to none other than…

Lupos!

He bagged the most number of votes this week, beating 6 other contestants with this GBP/USD trade idea:

GBP/USD Trade

Long or Short: Short
Entry Point: Market: 1.6100, 1.6080, 1.6060
Stop Loss: 1.6150
Profit Target/s: 1st= 1.600, 2nd= 1.5940

If you want to learn more about what he plans to do, check out his trade’s forum thread. There, you’ll find everything you need to know, such as the potential reward-to-risk ratio, indicators used, and his trade rationale!

Congratulations, Lupos! You’re now a member of the Trade of the Week Hall of Fame! And for winning this week’s contest, you get to donate $10 to a charity of your choice in our Golden List of Charities!

Of course, we will also be donating $7 to the charity of the month, Greenpeace, on behalf of the 7 brave souls who submitted trade ideas this week.

That wraps up another edition of Trade of the Week! Thanks for participating, everyone. We’ll catch you all again on Friday!

Voting: 2012-04-22 23:50

Hey everybody! First off, I just want to apologize to all my readers. I experienced some technical difficulties in uploading my blog post this past weekend and as a result, was unable to open the voting period for the Trade of the Week contest on time. I guess practicing throwing ninja stars in the office isn’t the best idea I’ve had.

I also want to apologize to those of you who submitted trade ideas to this week’s contest. But don’t worry, your efforts were not in vain!

I’ve decided to extend the voting period until 12:00 a.m. GMT, Tuesday, April 24, 2012. Hopefully this gives everyone enough time to go through the submitted entries (listed below) and vote for his or her favorite setup!

CHF/JPY Short by Bijoymj
EUR/JPY Long by dudest
GBP/USD Short by Lupos
NZD/USD Long by imtrader
USD/JPY Long by TopFroxx
EUR/CAD Short by donnapinciotti
EUR/USD Short by Justin Pipper

Once again, I apologize for the inconvenience!

Submission: 2012-04-20 00:00

Got a trade idea that you’d like to share with fellow traders? Then the Trade of the Week contest is just the thing for you!

Both noobs and pros are welcome to submit entries to the contest! Joining is as easy as 1-2-3:

  1. Create your very own thread under the Readers’ Choice: Trade of the Week forum.
  2. Make sure you follow the simple format stated in the official rules and regulations of the contest.
  3. Watch fellow forex fanatics vote for your trade!

Don’t forget, BabyPips.com is also conducting its You Trade, We Aid campaign! This means that for each COMPLETE trade entry submission, we will be donating $1 to the month of April’s chosen charity, Greenpeace.

Your trade idea will be showcased on BabyPips.com’s front page for an entire week, but we will also be contacting you via your forum thread to ask you which of our chosen charities you want us to donate an additional $10 to. Awesome right?

So what are you waiting for? Get moving because you only have until midnight on Friday, April 20, 2012 to submit your entries. Good luck to all and may the best trader win!

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