Winner: Trade of the Week for August 6 to 10, 2012

Winner: 2012-8-6 00:38

The BabyPips.com community has spoken! Garnering the most votes and winning this week’s Trade of the Week contest is a regular contestant… Her name is…

littlebopip!

Here’s are some details of her trade idea that allowed her to snag this week’s crown:

AUD/USD Daily Chart

AUD/USD Daily Chart

Trade rationale: I’m gonna short this pair again as it climbed back up to the top of the channel that I played last week. At that time, I won Trade of the Week and also scored 200 pips on my trade. Read more…

Congrats! I hope the trade works out well littlebopip!

Voting: 2012-08-04 00:20

The entries are in, and the list is out! Four brave traders answered the call and submitted their trade ideas. A couple of them are looking to trade JPY pairs while the other two are looking to play the U.S. dollar.

Who will you vote for in this week’s Trade of the Week contest?

Remember, the poll will close at 12:00 a.m. EST on August 6, 2012, so cast your votes now!


Submission: 2012-08-03 00:02

It’s that time of the week, fellas! Put your setup-spotting skills to the test and share it with your fellow forex junkies!

As always, this weekly contest is open to forex newbies and demigods alike. Heck, the process is so simple even my 2-year old niece can do this in her sleep!

All you have to do is:

  1. Go to the BabyPips.com forums and create a thread under the Reader’s Choice: Trade of the Week forum.
  2. Make sure you follow the format stipulated in the official rules and regulations. Only COMPLETE submissions will be allowed!
  3. Invite your friends, family, and the rest of the community to vote for your trade setup!

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

And that’s not all! If your trade setup receives the most votes, your name will printed in the Trade of the Week Hall of Fame AND will be featured on the BabyPips.com front page for an entire week. Lastly, we will also be contacting you via your forum thread to ask you which of our chosen charities you want us to donate $10 to. Pretty sweet deal eh?

The submission period ends at 11:59 p.m. EST Friday, August 3, 2012.

As our resident robot Robopip would say,

May the pips be with you!

  • Illtakearaincheckhoweva

    Short AUD/USD and short NZD/USD.

  • Shane

    Was your trade triggered on Friday at 1.0550?

  • Victor @Pipscovery

    Just finished doing the same analysis on my own AUDUSD chart. Good to see we are on same page.

  • jesus

    yeah sell nzd/usd and nzd/jpy!!!

  • mukhtar

    almost two weeks ,it,aud/usd,was at resistance level…time for it to come down..