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Winner: 2012-04-02 00:03

How about a pat on the back for longtermtrader, who took the Trade of the Week crown with his short GBP/USD setup!

Welcome to the Hall of Fame baby!

Here’s the GBP/USD short setup that y’all voted as the best for this week:

GBP/USD: 4-hour


Long or Short: Short

Entry Point: At the open of next week (1.5990)

Stop Loss: 50-pips (above bearish engulfing candle high)

Profit Target/s: 1.5900

Reward-to-risk Ratio: 2:1

Risk percentage: 2%

Check out the rest of longtermtrader’s trade rationale here.

Once again, congratulations for winning this week’s contest! You can now select which charity from our Golden List of Charities you want us to donate $10 to!

That’s all for this week folks! A big shout out to all of you who participated by either sharing a trade idea or voting for one! Don’t forget, the more you trade, the more we aid!

Voting: 2012-03-31 00:02

Submission time is over and it’s time to vote! Which entry deserves to win the Trade of the Week contest?

NZD/JPY Short by dudest
AUD/CHF Long by Lupos
EUR/JPY Short by salt-n-pipper
GBP/USD Short by longtermtrader
AUD/JPY Long by donnapinciotti

Remember, the poll will close at 12:00 a.m. EST on April 2, 2012, so cast your votes now!

Submission: 2012-03-30 00:02

Got a trade idea that you’d like to share with fellow traders? Then the Trade of the Week contest is just the thing for you!

Both noobs and pros are welcome to submit entries to the contest! Joining is as easy as 1-2-3:

  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!

Don’t forget, is also conducting its You Trade, We Aid campaign! This means that for each COMPLETE trade entry submission, we will be donating $1 to the month of April’s chosen charity, Greenpeace.

Your trade idea will be showcased on’s front page for an entire week, but we will also be contacting you via your forum thread to ask you which of our chosen charities you want us to donate an additional $10 to. Awesome right?

So what are you waiting for? Get moving because you only have until midnight on Friday, March 30, 2012 to submit your entries. Good luck to all and may the best man win!