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Now that all the votes are in, it’s time to see who has come out on top. We had some pretty awesome trade ideas, but the readers have spoken. This week’s winner for the Trade of the Week Contest is salt-n-pipper!

If you’re bearish on the Australian dollar, you might want to take salt-n-pipper’s winning short AUD/USD trade setup as well. It’s a pretty cool retracement play combined with a bearish divergence on the 1-hour chart. Go on, check it out now!

If you weren’t able to pitch your ideas for this week’s contest, you can always join next week and have a chance to be part of the Trade of the Week Hall of Fame.

Look at that growing list of winners! Feel like you belong there? Then make sure you submit an trade idea by the end of this week. There’s no shame in trying!

Voting: 2011-07-30 00:05

This week, we’ve got three sweet setups by Pip Devil and salt-n-pipper. Interestingly, all setups involve the Australian dollar! Considering how strong the Australian dollar has been lately, it’ll be interesting to see how these setups play out!

The question is, which one is a better setup?

Submission: 2011-07-29 00:03
I’m sure that after a one-week hiatus, you’re all itching to unload your brilliant trade ideas. Well, wait no longer! You can now submit your awesome trade ideas for the week of August 1 to August 5, 2011!

Whatcha waitin’ for? Share your forex knowledge and wow the community with your piptastic trade idea! Who knows, you may get yourself into the Trade of the Week Hall of Fame!

But remember, you only have a limited time to act. The submission period is only from 3:00 am EST to 12:00 midnight EST Friday, July 29, 2011.

That means you better get off your tushies and start submitting now! Good luck to all and may the best trade idea win!

Official rules and regulations
Submit trade ideas at Readers’ Choice: Trade of the Week forum