Winner: Trade of the Week for January 23 to 27, 2012

Winner: 2012-01-23 00:05

Congratulations pottermoar, you are the winner of this week’s Trade of the Week! pottermoar gets a spot at the Trade of the Week Hall of Fame! Here’s his (or her if is she’s a girl) awesome trade idea:

AUD/USD Long by pottermoar

Long or Short: Long setup on the DAILY chart
Entry Point: 1.0550
Stop Loss: 1.0470 (below previous resistance of symmetrical triangle)
Profit Target: PT1: 1.0700 (significant resistance level); PT2: 1.1000 (symmetrical triangle high)
Risk Ratio: At least 1.88:1 but can reach a maximum of 5.63:1
Risk involved: 1% of account
Indicators: None

To read more or discuss the trade, head on over to the discussion thread at the forums!

Voting: 2012-01-21 00:05

Time’s up, boys and girls! Please close your charts and hands off your keyboards!

We’ve got a number of submissions this week, so go through each of them carefully and vote for the one that you think is best! Here are the details of each trade idea:

Long EUR/CHF by Lupos
Long AUD/USD by pottermoar
Long USD/CHF by mynameisfez
Short GBP/USD by buruguduy
Long GBP/USD by jawanda

Who will be the lucky one to join the Hall of Fame?

Submission: 2012-01-20 00:01

It’s that time of the week again! I know you’ve all had plenty of time to come up with awesome trade ideas in the past few days, so share them with the community now!

All you have to do is follow these 3 easy steps:

  1. Create your very own thread under the Readers’ Choice: Trade of the Week forum.
  2. Make sure you follow the simple format stated in the official rules and regulations of the contest.
  3. Watch fellow forex fanatics vote for your trade!

Remember, you only have until 11:50 p.m. EST on Friday, January 20, 2012 to submit your entries. So what are you waiting for?! Get those trade ideas in now!

  • Parminder Jawanda

    why my trade was not added  is there any mistake by me

  • Mnukf

    I really respect all the guy who post their views, but you should  allow three. these week five that become mess.

  • Craig N.

    Hey this is the first time I’m reading this blog and I’m pleased to see this trade here, as I had noticed it as well. I bought at 1.0447 on friday, and now it has turned into my most successful trade of 2012 so far :D.

    Cheers, I’ll be sure to keep checking back here from now on.

  • Lupos

    now AUD/USD touch 1.050 so you are in…
    I don’t think is a good thing enter in long, in opposite to you I enter short:

    KAWABONGA system agrees with me.

    • Lupos

      sorry the correct price is: 1.055 an i’m short now.

      • lupos

        And i close my short…
        60 pips gained in opposite of this move