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Winner: 2011-11-28 00:00

Three trade ideas were submitted, but one walked away with a landslide victory! Earning nearly 50% of the total votes, the Trade of the Week for November 28, 2011 to December 2, 2011 belongs to none other than…


Welcome to the Trade of the Week Hall of Fame!

Take a look at the short USD/CAD trade idea that got her 31 votes:

USD/CAD Short Trade Idea

Long or Short: Short
Entry Point: 1.0650
Stop Loss: 1.0800 (above previous resistance on the daily chart)
Profit Target/s: first profit target at parity (1.0000)
Reward-to-risk Ratio: 3.25:1

If you want to learn more about salt-n-pipper’s trade idea, I suggest you check out her short USD/CAD trade rationale right now. This could be your chance to jump in and catch some pips as well!

So that wraps up another edition of Trade of the Week. Tune in again this weekend to see more trade setups from your fellow traders!

Voting: 2011-11-26 00:00

The submission period is over, folks! We’ve got four brave souls who have submitted their trade ideas. It’s time to put these trade ideas to the test! Which one do you think deserves to be the Trade of the Week?

Remember, the poll will close at 12:00 a.m. EST on November 28, 2011, so cast your votes now!

Submission: 2011-11-24 23:33

Ahh… Don’t you just love Fridays? I certainly do! Not only because it’s the last day of the work week, but also because I always look forward to seeing new trade ideas from our weekly contest. Ladies and gentlemen, let’s get the Trade of the Week for November 28 to December 2, 2011 started!

Joining the contest is as easy as pie! Just follow the three easy steps below:

  1. Create your very own thread under the Readers’ Choice: Trade of the Week forum.
  2. Make sure you follow the simple format illustrated in the official rules and regulations of the contest.
  3. Watch fellow forex fanatics vote for your trade!

But remember, you only have until 11:59 p.m. EST on Friday, November 25, 2011 to get your submissions in. After that, we’ll open up the polls and let the community vote on which trade idea is best. So what are you waiting for? Share your trade ideas now!