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Winner: 2012-02-26 23:45

Aaand the votes are in! Drum roll please! So many brilliant ideas, but one stood out from the rest. The winner of the Trade of the Week Contest for February 27 to March 2, 2012 is none other than fedegmail!

Check out his trade idea that let him bring home the bacon this week:


Timeframe: H4

Long or Short: Short

Entry point: around 1.5880

Stop loss: 1.5940

Profit targets: first take profit at 1.5780; second take profit at 1.5700

Reward-to-risk ratio: 3:1 (reward: 180 pips – risk: 60 pips)

Risk percentage: 1%

Indicators: Exponential Moving Average 200 (EMA200); Stochastic Oscillator

Trade rationale: EMA200 says that the pair is moving in a range and now the pair is located in the upper part of the range… (Read more)

Congratulations, fedegmail! Every trader will now freeze in awe at the sound of your name. Okay, maybe not. But don’t be too surprised if someone asks you for an interview or an autograph!

For those who didn’t win, don’t give up! Put your thinking caps on for this brand new week and keep your eyes peeled for ’em sexy setups! Who knows, it may be your name that I’ll proudly be announcing next week!

Voting: 2012-02-25 00:00

Holy ninja stars! We’ve got a record SIX submissions to this week’s contest! Which one do you think is worthy of being named the Trade of the Week?

Short GBP/USD by fedegmail
Short GBP/USD by mnukf
Long GBP/JPY by dudest
Long EUR/USD by longtermtrader
Short EUR/USD by Jabroni
AUD/USD Short by littlebopip

Remember, you only have until Sunday, 11:59 p.m. EST to cast your votes. Choose wisely!

Remember, you only have until Sunday, 12:00 a.m. EST to cast your votes. Choose wisely!

Submission: 2012-02-24 00:07

Got a trade idea that you wanna share with your fellow forex traders? If your answer is yes, then this week’s Trade of the Week contest is the opportunity you’ve been waiting for!

Don’t worry, submitting is easy as 1-2-3:

  1. Go to the forums and create a thread under the Reader’s Choice: Trade of the Week forum.
  2. Read the official rules and regulations and make sure that you follow the submission format.
  3. Invite your friends, family, and your whole community to vote for your trade idea!

Easy peasy, right?!

Remember, the winner not only gets his/her name on a badge in the home page FOR A WEEK, he/she will also be in our very own Trade of the Week Hall of Fame!

Don’t waste any time. Get your submissions in before 11:59 pm EST Friday, February 24, 2012!