Winner: Trade of the Week for July 18 to 22, 2011

Winner: 2011-7-11 00:03

Gather ’round folks! It’s time to reveal who brought home the bacon this week! And the Trade of the Week winner this week is none other than jenesaisquoi!

Looks like tons of readers agree with his short GBP/USD trade idea! If you haven’t checked it out yet, here’s a lowdown on his winning entry:

GBP/USD, Daily

GBP/USD Daily Chart

Long or Short: Short

Entry Point: 1.6200

Stop Loss: 1.6340

Profit Target/s: 1.5900

Reward-to-risk Ratio: a little more than 2:1

Indicators used: 100 SMA, Fibo

Trade Rationale: i’m expecting the long-term downtrend to continue. THe rally in GBPUSD has been very strong in the past couple of days, it might be overdone. With all the bad UK data this week, it’ll be Read more…

Congratulations, jenesaisquios! You are now a member of the elite Trade of the Week Hall of Fame! Don’t forget us when you become rich and famous!

As for those of you who didn’t bring home the bacon this week, don’t fret because we’ve got a clean slate ahead of us! Just remember to stay sharp and be on the lookout for any setups that may arise. Who knows, it might just land you a ticket to the Trade of the Week Hall of Fame!


Voting: 2011-7-16 00:03

This week it looks like we have two great on the table. Unfortunately, only one of them can win this week’s Trade of the Week. Which do you think is better? Check them both out!


Submission: 2011-7-14 23:58

Before you put on your dancing shoes and paint the town red, why don’t you take a minute or two to show your fellow traders your awesome trade idea? Who knows, you may just be the next person to be included in the Trade of the Week Hall of Fame!

You know the drill. Apply everything you’ve learned from the School of Pipsology by coming up with a trade idea and sharing it with the BabyPips.com community. Just make sure you follow the rules and regulations of the contest, ayt?

Also keep in mind that the submission period is only from 3:00 am EST to 12:00 midnight EST Friday, July 15, 2011.

Don’t have a trade idea? Don’t fret! You can still participate in the Trade of the Week contest by casting your vote! The voting begins 12:00 midnight EST on Friday (July 15, 2011) and will close 12:00 midnight EST on Sunday (July 17, 2011).

Official rules and regulations
Submit trade ideas at Readers’ Choice: Trade of the Week forum