Voting: Trade of the Week for October 22 to 26, 2012

Voting: 2012-10-27 00:02

There ain’t no shortage of trade ideas this week as we have 6 brilliant setups to choose from! Which of the following do you think deserves to be the Trade of the Week?

Remember to get your votes in before the poll closes on October 28, 2012 at 11:59 pm EST! Good luck to all and may the best trade win!

Submission: 2012-10-22 00:16

Now that another week has come to pass, it’s time to have another round of everyone’s favorite trading contest! Start looking for ‘em setups, folks. You can now submit your trade ideas to this week’s Trade of the Week contest!

To join, just create a thread under the Reader’s Choice: Trade of the Week forum following this 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:

Remember that the winner of this week’s contest gets to select one charity that we will donate $10 to. Furthermore, we will also be donating $1 for each entry submitted to our charity of the month, Heifer International.

Keep in mind that you’ve got until 11:59 pm EST on Friday, October 26, 2012 to submit that brilliant trade idea of yours!

Winner: 2012-10-22 00:16

Voting time is over, forex warriors! It’s now time to give a virtual pat on the back and give the Trade of the Week throne to this week’s winner…

Pinggywn!

Scooping up 40% of the total votes, it’s not hard to see why people voted for his long AUD/USD setup.

Being this week’s winner, Pinggywn doesn’t only get bragging rights. He’s also entitled to a couple of other prizes! He gets to:

  • donate $10 to any charity in our Golden List of Charities.
  • his very own homepage badge featuring his trade for a week.

Congratulations!

3 comments

  1. Invicta

    I’m confused and perhaps I do not understand the rules for Trade of the Week but surely a trade setup can only be judged once it has proved successful. In the case of Pinggywn’s Long AUDUSD setup the entry point hasn’t even been reached let alone the target.

    Reply
    • Alex Burns

      It seems to be based on the amount of votes received prior to the trade. I think a better name would be “Setup of the Week”

      Reply
      • Cole

        Rightly so I would say. However, I have sealed about 70 pips on this trade so far. Not complaining about the title as long as I’m making money. :)

        Reply

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