Winner: Trade of the Week for July 30 to August 3, 2012

Winner: 2012-07-30 23:50

Listen up, forex peeps! I’ve got a big announcement to make! Let it be known that the Trade of the Week for July 30 to August 3, 2012 belongs to none other than…

Pip Devil!

Have a look at the setup that helped him bag another win:

EUR/USD Short

Long or Short: Short
Entry Point: Once price tests the 200 SMA
Stop Loss: Anywhere above the 61.8% Fib and 200 SMA
Profit Target/s: Around 1.2050

I’m sure you want to see how his charts look so y’all better head over to his EUR/USD Short forum thread.

Once again, congratulations, Pip Devil! Once again, you have won yourself the right to be featured on the BabyPips.com homepage and donate $10 to a charity of your choice from our Golden List of charities!

And with that, we end another awesome edition of Trade of the Week. For those of you who missed this week’s contest, worry not because we’ll start another one again this Friday.

Until then, hang tight, my forex friends, and may the pips be with you!

Voting: 2012-07-27 23:59

It’s time to put these four trade ideas to the test! Which of the following do you think deserves to be the Trade of the Week?

Remember, you only have until 11:59 pm EST on July 29, 2012 to cast your votes. So what are you waiting for? Act now!


Submission: 2012-07-27 00:01

Got a trade idea that you wanna share with your fellow forex traders? If your answer is yes, then this the opportunity you’ve been waiting for! Submission for the Trade of the Week contest is now open!

Don’t worry, submitting is as easy as 1-2-3:

  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, World Vision.

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, July 27, 2012.

Good luck everybody!

  • mukhtar

    last weeks trade of the week,shorting AUD/USD,is still valid and in good entry point…