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The cool cats of the community have spoken.

This week’s trade of the week winner is none other than four-time hall of famer, Jabroni!

His short GBP/USD trade idea garnered 39% of the total votes and allowed him to take home the crown once again.

In case you haven’t checked it out yet, here’s what he plans to do:

GBP/USD Short by Jabroni

Long or Short: SHORT

Entry Point: 1.5390

Stop Loss: 1.5460

Profit Target/s: 1.5210

Reward-to-risk Ratio: 70 pips vs 180 pips (>2.5:1)

Risk percentage: 1%

Indicators: 100SMA (red line)

Congratulations, Jabroni!

That’s it for this week’s Trade of the Week contest, fellas! Don’t hesitate in submitting your ideas next week. You could be the next piptastic trader to be included in the Hall of Fame!

Voting: Trade of the Week for January 16 to 20, 2012

For this week, we’ve got three awesome trade ideas. Which one do you like best?

  • USD/CAD Short by Schnitzel
  • GBP/USD Short by Jabroni
  • EUR/USD Long by littlebopip

Remember, you only have until Sunday, 12:00 a.m. EST to cast your votes. Better act fast!

It’s that time of the week, folks! Time to stretch your charting muscles and share your trade ideas for next week!

For those who have just heard of my weekly trade setup contest, I can assure you that this is open for pros and newbies alike.

Submitting your entries is as easy as pie! 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, the winner for this week will not only get their name on the Trade of the Week Hall of Fame, he/she will also be on the homepage for an entire week! Sweet!

You have until 11:50 p.m. EST on Friday, January 13, 2012, to submit your entries. So what are you waiting for?! Get those trade ideas in now!