Trade of the Week for April 29 to May 3, 2013

Winner: 2013-04-29 00:01

Two brave souls stepped up to share their trade ideas… but only one setup shall be crowned the Trade of the Week. Which came out on top?

Forex fans, let’s hear it for…

monstapips!

With his GBP/USD short trade idea, monstapips has once again found himself with another winning entry, making him a multiple Trade of the Week Hall of Famer.

For coming out on top, monstapips will:

  1. receive $10 to donate to one of our selected charities,
  2. be inducted into the Trade of the Week Hall of Fame (again!),
  3. and have his name and trade idea featured on the BabyPips.com homepage for an entire week!

Once again, congratulations, monstapips! Keep those entries comin’!

Submission: 2013-04-29 00:01

Now that we have a new week upon us, it’s time to start another round of the Trade of the Week contest. Try your luck and submit an entry! You might just be the next big winner!

To join, all you have to do is create your own thread in the Trade of the Week forum and follow the template below:

Thread Title: XXX/XXX (Position)
*XXX/XXX is the currency pair, position is LONG or SHORT
Currency Pair, Time Frame
[Chart]
Long or Short:
Entry Point:
Stop Loss:
Profit Target:
Trade Explanation:

Remember, you’ve got until 11:59 pm EST on Friday, May 3, 2013 to submit your entries, so you have plenty of time to submit a trade idea (or three)!

Good luck and happy trading, guys! May the best trade idea win!