Winner: Trade of the Week for November 14 to 18, 2011

Winner: 2011-11-14 00:01

The Trade of the Week for November 14 to 18, 2011 belongs to none other than…

Pip Devil!

Pip Devil, now a four-time Hall of Famer, got the thumbs up from the BabyPips.com community once again with this EUR/USD trade idea:

EUR/USD Short by Pip Devil

Long or Short: Short
Entry Point: 61.8% Fib or 1.3700
Stop Loss: 1.3750 (above Fib)
Profit Target/s: 1.3550 (but scale out and move stop every 100 pips)
Reward-to-risk Ratio: up to 3:1
Risk percentage: 2%

He cites uncertainty in the euro zone as one reason why the pair may continue to move down. To learn more about his trade rationale and read what others have said about his trade idea, check out his thread!

So that wraps up another awesome edition of Trade of the Week. Tune in again this Friday if you want to see more setups from fellow traders!

Voting: 2011-11-12 00:14

Boy, do we have a tough decision to make this week! Four awesome trade ideas were submitted, but only one shall become the Trade of the Week for November 14 to 18, 2011. Which of the following will it be?

Remember, you only have until 12:00 am EST on Monday, November 14, 2011 to decide, so better cast your vote now!


Submission: 2011-11-11 00:10

Ladies and gentlemen, boys and girls, traders of all ages! Are you ready to put your trading skills up to the test?

If you’ve got an awesome trade idea for next week, submit it to Trade of the Week contest!

You know the drill! Just make sure you follow the format outlined in our official rules and regulations, and that you create a thread in the Reader’s Choice: Trade of the Week forum.

This is your chance to join Jabroni, lilbopip, and the rest of the winners in Trade of the Week Hall of Fame!

The submission period is from 3:00 am EST to 11:59 p.m. EST Friday, November 11, 2011.

Even if you don’t have trade idea to submit, you can participate by voting for your favorite trade setup over the weekend.

What are you waiting for? Get on those charts and start looking for that piptacular setup!