Trade of the Week for August 5 to 9, 2013

Winner: 2013-8-5 00:01

Can we give it up for austin85cold? After an intense voting period, his EUR/USD short has come out as the winner of the Trade of the Week! Below is the chart of his trade idea:

EUR/USD Trade Idea

As the winner of the contest, austin85cold will be featured for the entire week on the front page. In addition, he’ll be added to the Trade of the Week Hall of Fame. And finally, BabyPips.com will donate $10 to his chosen charity.

Good job, trader!

Submission: 2013-8-5 00:01

Do you believe you have what it takes to have your setup crowned as Trade of the Week?!

If you’re confident enough, all you have to do is create your own thread in the Trade of the Week forum using the following template:

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:

Take note that the submission period ends at 11:59 pm EST on Friday, August 9, 2013.

Send in your setups while no one has spotted it yet!