We have ourselves a winner! Bagging over 40% of the votes, the Trade of the Week for March 5 to 9, 2012 belongs to none other than… mnukf!
Below, you’ll find the trade idea that got make the thumbs up from his fellow traders:
Time Frame: Daily
Long or Short: Long
Entry Point: 1.3200 (Market)
Stop Loss: 1.3125
Profit Target/s: 1.3350
Reward-to-risk Ratio: 2 : 1 (150pips : 75pips)
Risk percentage: 2%
Indicators: Fibonacci & Previous support
Congratulations, mnukf! For winning the Trade of the Week, you have earned $10 to donate to any charity in the BabyPips.com Golden List of Charities.
Also, since we got a total of six submissions to this week’s contest, we will be donating $6 to the Charity of the Month – World Vision!
Woo! Sharing trade ideas has never been this fun and fulfilling! Keep those trade ideas coming, folks. The next contest is just around the corner! Remember, the more you trade, the more we aid!
Submission time is over folks and boy, it looks like everyone is in the giving spirit! We’ve got another SIX setups from y’all to choose from. We’ve got setups on the majors, the cross currency pairs, and even one on an exotic pair!
Which one will prevail?
- Long EUR/USD by mnukf
- Long EUR/GBP by Pinggwyn
- Long EUR/GBP by Lordpipi
- Long EUR/USD by Pip Devil
- Long USD/HKD by hemantarora
- AUD/JPY Short by eddardstark
Remember, the poll will close at 12:00 a.m. EST on March 5, 2012, so cast your votes now!
It’s that time of the week again, fellas! Do you have a trade idea that’s worthy of being crowned the Trade of the Week? Let me remind you that your submissions would contribute to the forex community and support a worthy cause at the same time!
For March, each COMPLETE trade idea submitted corresponds to a $1 donation to our Charity of the Month, which is World Vision. So if you want to support the world-renowned organization that focuses on the development and education of children, send in your entries right now!
All you gotta do is:
- Go to the BabyPips.com forums and create a thread under the Reader’s Choice: Trade of the Week forum.
- Read the official rules and regulations and make sure that you follow the submission format.
Pretty simple, huh?
If your trade entry bags the crown, our wizard admin team will contact you again via your forum thread to ask you to choose from our list of charities. BabyPips.com will then donate an additional $10 to your chosen charity.
Remember, the submission period is from 3:00 am EST to 11:59 pm EST Friday, March 3, 2012.
What are you waiting for? Get on those charts and start looking for that piptacular setup!